PVH Corp (PVH)

Operating profit margin

		Feb 4, 2024	Jan 29, 2023	Jan 30, 2022	Jan 31, 2021	Feb 2, 2020
Operating income	US$ in thousands	928,800	470,700	1,076,900	-1,071,700	558,700
Revenue	US$ in thousands	9,217,700	9,024,200	9,154,700	7,132,600	9,909,000
Operating profit margin		10.08%	5.22%	11.76%	-15.03%	5.64%

February 4, 2024 calculation

Operating profit margin = Operating income ÷ Revenue
= $928,800K ÷ $9,217,700K
= 10.08%

PVH Corp's operating profit margin has shown fluctuations over the past five years. In the most recent fiscal year, ending on February 4, 2024, the operating profit margin improved significantly to 10.08%, indicating that the company was able to generate a higher percentage of operating profit relative to its revenue. This could be attributed to effective cost management, revenue growth, or a combination of both.

In the preceding fiscal year (ending on January 29, 2023), the operating profit margin was 5.22%, reflecting a lower profitability compared to the latest year. This decline suggests that the company may have faced challenges in controlling costs or experienced a slowdown in revenue growth during that period.

In contrast, the operating profit margin for the fiscal year ending on January 30, 2022, was relatively high at 11.76%, indicating a strong performance in terms of generating profit from operations. This could have been driven by operational efficiency, successful pricing strategies, or other factors contributing to higher profitability.

On the other hand, the operating profit margin was negative in the fiscal year ending on January 31, 2021, at -15.03%. A negative operating profit margin typically signifies that a company is incurring more operating expenses than the revenue generated, leading to operating losses. This could be a result of various factors such as economic downturns, restructuring costs, or impairment charges.

Looking back to the fiscal year ending on February 2, 2020, the operating profit margin was 5.64%, reflecting a moderate level of profitability. The company may have been able to maintain a steady level of operating efficiency and profitability during this period.

Overall, PVH Corp's operating profit margin has shown variation over the past five years, highlighting the importance of monitoring profitability trends and identifying factors that influence operational performance.