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PVH PVH EMEA — Impairment of long-lived assets

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Other financials

Income statement

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Revenue$2.0B+2.1%
Gross profit$1.2B+2.1%
Operating income$124.3M+137%
Net income$88.0M+296%
EPS (diluted)$1.90+316%

Balance sheet

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Cash & equivalents$592.5M+210%
Total debt$4.2B+30.9%
Total equity$4.9B+6.0%
Total assets$11.3B+6.3%

Cash flow

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Operating cash flow-$46.5M+34.9%
CapEx$39.5M+47.9%
Free cash flow-$86.0M+12.3%

Valuation

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Market cap$3.99B+11.1%
Enterprise value$7.61B-0.1%
P/E14.7×+4.4×
P/S0.4×0.0×

Profitability

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Gross margin57.5%-1.3pp
Operating margin7.6%+4.9pp
Net margin3.9%-4.3pp
FCF margin6.1%-0.8pp

Returns & leverage

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Return on equity6.7%-7.1pp
Debt / equity0.9×+0.2×
Current ratio1.7×+0.6×

Where this comes from

Reported directly by PVH in its filing.

Tagged under the XBRL concept us-gaap:AssetImpairmentCharges.

The source filing: PVH’s 10-K, filed March 31, 2026.

Filed
Mar 31, 2026, 4:20 PM EDT
Fiscal year
FY2025
Accession
0000078239-26-000021

Operating lease right-of-use assets with a carrying amount of $18.1 million and property, plant and equipment with a carrying amount of $12.2 million were written down to their fair values of $16.1 million and $0.4 million, respectively, during 2025, primarily in connection with the financial performance in certain of the Company’s retail stores. Fair value of the Company’s operating lease right-of-use assets was determined based on the discounted cash flows of the estimated market rents. Fair value of the Company’s property, plant and equipment was determined based on the estimated discounted future cash flows associated with the assets using sales trends and market participant assumptions. The $13.8 million of impairment charges during 2025 were included in SG&A expenses in the Company’s Consolidated Statement of Operations. In addition, for segment data reporting purposes, the charges were recorded as follows: $7.6 million in the EMEA segment, $1.9 million in the Americas segment, $2.2 million in the APAC segment and $2.1 million was included in restructuring and other items.

Item 16. Form 10-K Summary

FAQ

What is PVH's EMEA — impairment of long-lived assets?
PVH (PVH) reported EMEA — impairment of long-lived assets of $1.9M in Q4 2025.
How has PVH's EMEA — impairment of long-lived assets changed year-over-year?
PVH's EMEA — impairment of long-lived assets increased by 15.2% year-over-year, from $1.65M to $1.9M.
What is the long-term trend for PVH's EMEA — impairment of long-lived assets?
Over 2 years (2023 to 2025), PVH's EMEA — impairment of long-lived assets has grown at a 59.2% compound annual growth rate (CAGR), from $3M to $7.6M.
What does EMEA — impairment of long-lived assets mean?
Represents the write-down of tangible or intangible assets, such as store fixtures or leasehold improvements, within the EMEA segment when their carrying value is no longer recoverable. This signals potential operational inefficiencies or a strategic shift in the regional retail footprint.

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