PVH Corp (PVH)

Pretax margin

		Feb 4, 2024	Oct 29, 2023	Jul 30, 2023	Apr 30, 2023	Jan 29, 2023	Oct 30, 2022	Jul 31, 2022	May 1, 2022	Jan 30, 2022	Oct 31, 2021	Aug 1, 2021	May 2, 2021	Jan 31, 2021	Nov 1, 2020	Aug 2, 2020	May 3, 2020	Feb 2, 2020	Nov 3, 2019	Aug 4, 2019	May 5, 2019
Earnings before tax but after interest (EBT) (ttm)	US$ in thousands	841,000	779,900	339,500	376,500	388,200	311,800	897,200	993,300	973,000	765,800	502,100	215,800	-1,191,600	-1,308,400	-1,155,300	-898,600	446,200	675,600	687,000	666,600
Revenue (ttm)	US$ in thousands	9,217,700	9,216,500	9,134,400	9,059,400	9,024,200	8,965,200	9,016,900	9,198,100	9,154,700	8,814,800	8,600,400	7,867,900	7,132,600	7,643,600	8,113,200	8,896,700	9,909,000	9,792,200	9,729,000	9,698,500
Pretax margin		9.12%	8.46%	3.72%	4.16%	4.30%	3.48%	9.95%	10.80%	10.63%	8.69%	5.84%	2.74%	-16.71%	-17.12%	-14.24%	-10.10%	4.50%	6.90%	7.06%	6.87%

February 4, 2024 calculation

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

PVH Corp's pretax margin has displayed variability over the provided periods, ranging from negative values to double-digit percentages. The company's pretax margin hit its peak at 10.80% on May 1, 2022, and fluctuated between 3.72% and 9.95% in the subsequent periods. Notably, there were instances of negative pretax margins, indicating challenges in generating profits before taxes during those periods. The trend suggests a degree of volatility in the company's profitability before tax considerations. Further analysis would be required to understand the factors driving these fluctuations and the overall financial health of PVH Corp.