PVH Corp (PVH)

Pretax margin

		Feb 28, 2025	Nov 30, 2024	Aug 31, 2024	May 31, 2024	Feb 29, 2024	Feb 4, 2024	Nov 30, 2023	Oct 29, 2023	Aug 31, 2023	Jul 30, 2023	May 31, 2023	Apr 30, 2023	Feb 28, 2023	Jan 29, 2023	Nov 30, 2022	Oct 30, 2022	Aug 31, 2022	Jul 31, 2022	May 31, 2022	May 1, 2022
Earnings before tax but after interest (EBT) (ttm)	US$ in thousands	705,700	846,100	1,016,000	1,068,800	1,089,000	871,800	654,600	623,800	593,000	749,100	905,200	495,600	86,000	-33,100	-152,200	269,100	690,400	733,100	775,800	939,900
Revenue (ttm)	US$ in thousands	8,652,900	8,771,200	9,006,000	9,294,600	9,705,600	9,422,700	9,139,800	8,934,800	8,729,800	9,011,500	9,293,200	9,416,100	9,539,000	9,182,300	8,825,600	8,667,500	8,509,400	8,807,100	9,104,800	9,314,600
Pretax margin		8.16%	9.65%	11.28%	11.50%	11.22%	9.25%	7.16%	6.98%	6.79%	8.31%	9.74%	5.26%	0.90%	-0.36%	-1.72%	3.10%	8.11%	8.32%	8.52%	10.09%

February 28, 2025 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $705,700K ÷ $8,652,900K
= 8.16%

PVH Corp's pretax margin has demonstrated fluctuations over the analyzed period. It started at 10.09% on May 1, 2022, showing a relatively healthy margin. However, there was a slight decrease to 8.52% by the end of May 2022. The pretax margin continued to decline in the following months, reaching its lowest point of -1.72% on November 30, 2022, indicating a loss before taxes during that period.

Subsequently, there was a gradual recovery in the pretax margin, with positive percentages reported in the upcoming months. By February 29, 2024, PVH Corp's pretax margin improved significantly to 11.22%, signifying efficient cost management and increased profitability before tax expenses. The trend continued positively, with pretax margins remaining above 9% until August 31, 2024.

However, there was a slight decline to 8.16% by February 28, 2025. This reduction in pretax margin may indicate potential challenges in maintaining profitability or increased expenses relative to revenue during that period. Overall, careful monitoring of the pretax margin is essential for assessing PVH Corp's financial performance and operational efficiency.