PVH Corp (PVH)

Pretax margin

		Feb 4, 2024	Jan 29, 2023	Jan 30, 2022	Jan 31, 2021	Feb 2, 2020
Earnings before tax but after interest (EBT)	US$ in thousands	841,000	388,200	973,000	-1,191,600	446,200
Revenue	US$ in thousands	9,217,700	9,024,200	9,154,700	7,132,600	9,909,000
Pretax margin		9.12%	4.30%	10.63%	-16.71%	4.50%

February 4, 2024 calculation

Pretax margin = EBT ÷ Revenue
= $841,000K ÷ $9,217,700K
= 9.12%

The pretax margin of PVH Corp has shown fluctuations over the past five fiscal years.

In the most recent period, ending on February 4, 2024, the pretax margin stood at 9.12%, reflecting an improvement from the previous year's figure of 4.30% as of January 29, 2023. This increase indicates that the company was able to generate a higher percentage of pre-tax profit relative to its total revenue in the most recent period.

Looking back at the trend, PVH Corp experienced a significant decrease in pretax margin in the fiscal year ending on January 31, 2021, where it reported a negative margin of -16.71%. This indicates that the company incurred pre-tax losses during that period.

However, prior to that challenging year, PVH Corp demonstrated a strong performance in terms of pretax margin, achieving a margin of 10.63% as of January 30, 2022, and 4.50% as of February 2, 2020.

Overall, the analysis of PVH Corp's pretax margin highlights the company's ability to improve its profitability in recent years after facing a period of pre-tax losses. This indicates management's efforts to enhance operational efficiency and drive better financial performance.