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Consolidated Income Statements - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Aug. 02, 2015
Aug. 03, 2014
Aug. 02, 2015
Aug. 03, 2014
Income Statement [Abstract]        
Net sales $ 1,765.9 [1] $ 1,890.5 $ 3,551.0 [1] $ 3,762.0
Royalty revenue 75.4 [1] 65.3 149.6 [1] 134.7
Advertising and other revenue 22.7 [1] 19.8 42.7 [1] 42.6
Total revenue 1,864.0 [1] 1,975.6 3,743.3 [1] 3,939.3
Cost of goods sold (exclusive of depreciation and amortization) 861.9 920.9 1,755.6 1,851.4
Gross profit 1,002.1 1,054.7 1,987.7 2,087.9
Selling, general and administrative expenses 850.5 895.8 1,665.4 1,754.9
Debt modification and extinguishment costs 0.0 0.0 0.0 93.1
Equity in net income of unconsolidated affiliates 2.5 0.4 8.6 3.9
Income before interest and taxes 154.1 [2] 159.3 330.9 [2] 243.8
Interest expense 29.2 35.0 60.1 77.1
Interest income 1.2 1.2 2.3 2.7
Income before taxes 126.1 125.5 273.1 169.4
Income tax expense (benefit) 23.9 (1.0) 56.8 7.7
Net Income 102.2 126.5 216.3 161.7
Less: Net loss attributable to redeemable non-controlling interest 0.0 0.0 0.0 (0.1)
Net income attributable to PVH Corp. $ 102.2 $ 126.5 $ 216.3 $ 161.8
Basic net income per common share attributable to PVH Corp. $ 1.24 $ 1.54 $ 2.62 $ 1.97
Diluted net income per common share attributable to PVH Corp. 1.22 1.52 2.59 1.94
Dividends declared per common share $ 0.0375 $ 0.0750 $ 0.1125 $ 0.1125
[1] Revenue for the thirteen and twenty-six weeks ended August 2, 2015 was significantly impacted by the strengthening of the United States dollar against other currencies in which the Company transacts significant levels of business. Please see section entitled “Results of Operations” in Management’s Discussion and Analysis of Financial Condition and Results of Operations included in Item 2 of this report for a further discussion.
[2] Income (loss) before interest and taxes for the thirteen and twenty-six weeks ended August 2, 2015 was significantly impacted by the strengthening of the United States dollar against other currencies in which the Company transacts significant levels of business. Please see section entitled “Results of Operations” in Management’s Discussion and Analysis of Financial Condition and Results of Operations included in Item 2 of this report for a further discussion.