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SEGMENT DATA
 3 Months Ended
May 05, 2024
Segment Data [Abstract]  
SEGMENT DATA SEGMENT DATA
The Company manages its operations through its operating divisions, which are presented as its reportable segments: (i) Tommy Hilfiger North America; (ii) Tommy Hilfiger International; (iii) Calvin Klein North America; (iv) Calvin Klein International; and (v) Heritage Brands Wholesale.

Tommy Hilfiger North America Segment - This segment consists of the Company’s Tommy Hilfiger North America division. This segment derives revenue principally from (i) marketing TOMMY HILFIGER branded apparel and related products at wholesale in the United States and Canada, primarily to department stores and off-price retailers, as well as digital commerce sites operated by department store customers and pure play digital commerce retailers; (ii) operating retail stores, which are primarily located in premium outlet centers in the United States and Canada, and a digital commerce site in the United States, which sells TOMMY HILFIGER branded apparel, accessories and related products; and (iii) licensing and similar arrangements relating to the use by third parties of the TOMMY HILFIGER brand names for a broad range of product categories in North America. This segment also includes the Company’s proportionate share of the net income or loss of its investments in its unconsolidated affiliate in Mexico and its unconsolidated PVH Legwear LLC affiliate relating to each affiliate’s Tommy Hilfiger business.

Tommy Hilfiger International Segment - This segment consists of the Company’s Tommy Hilfiger International division. This segment derives revenue principally from (i) marketing TOMMY HILFIGER branded apparel and related products at wholesale principally in Europe, Asia and Australia, primarily to department and specialty stores, and digital commerce sites operated by department store customers and pure play digital commerce retailers, as well as through distributors and franchisees; (ii) operating retail stores, concession locations and digital commerce sites in Europe, Asia and Australia, which sell TOMMY HILFIGER branded apparel, accessories and related products; and (iii) licensing and similar arrangements relating to the use by third parties of the TOMMY HILFIGER brand names for a broad range of product categories outside of North America. This segment also includes the Company’s proportionate share of the net income or loss of its investments in its unconsolidated affiliate in India relating to the affiliate’s Tommy Hilfiger business, and its unconsolidated affiliate in Brazil.

Calvin Klein North America Segment - This segment consists of the Company’s Calvin Klein North America division. This segment derives revenue principally from (i) marketing Calvin Klein branded apparel and related products at wholesale in the United States and Canada, primarily to warehouse clubs, department and specialty stores, and off-price retailers, as well as digital commerce sites operated by department store customers and pure play digital commerce retailers; (ii) operating retail stores, which are primarily located in premium outlet centers in the United States and Canada, and a digital commerce site in the United States, which sells Calvin Klein branded apparel, accessories and related products; and (iii) licensing and similar arrangements relating to the use by third parties of the Calvin Klein brand names for a broad range of product categories in North America. This segment also includes the Company’s proportionate share of the net income or loss of its investments in its unconsolidated affiliate in Mexico and its unconsolidated PVH Legwear LLC affiliate relating to each affiliate’s Calvin Klein business.

Calvin Klein International Segment - This segment consists of the Company’s Calvin Klein International division. This segment derives revenue principally from (i) marketing Calvin Klein branded apparel and related products at wholesale principally in Europe, Asia, Brazil and Australia, primarily to department and specialty stores, and digital commerce sites operated by department store customers and pure play digital commerce retailers, as well as through distributors and franchisees; (ii) operating retail stores, concession locations and digital commerce sites in Europe, Asia, Brazil and Australia, which sell Calvin Klein branded apparel, accessories and related products; and (iii) licensing and similar arrangements relating to the use by third parties of the Calvin Klein brand names for a broad range of product categories outside of North America. This segment also includes the Company’s proportionate share of the net income or loss of its investment in its unconsolidated affiliate in India relating to the affiliate’s Calvin Klein business.

Heritage Brands Wholesale Segment - This segment consists of the Company’s Heritage Brands Wholesale division. This segment derives revenue primarily from the marketing to department, chain and specialty stores, warehouse clubs, mass market, and off-price retailers (in stores and online), as well as pure play digital commerce retailers primarily in North America of (i) women’s intimate apparel under the Warner’s, Olga and True&Co. brands until November 27, 2023, when the Company completed the Heritage Brands intimates transaction; (ii) men’s underwear under the Nike brand, which is licensed; and (iii) men’s dress shirts under the Van Heusen brand, which is licensed, as well as under various other licensed brand names. Please see Note 4, “Divestitures,” for further discussion of the Heritage Brands intimates transaction. This segment also includes the Company’s proportionate share of the net income or loss of its investments in its unconsolidated affiliate in Mexico and its unconsolidated PVH Legwear LLC affiliate relating to each affiliate’s business under various owned and licensed brand names.
The Company’s revenue by segment was as follows:
Thirteen Weeks Ended
(In millions)5/5/24
(1)
4/30/23
(1)
Revenue – Tommy Hilfiger North America
Net sales    $271.4 $266.7 
Royalty revenue    20.7 20.3 
Advertising and other revenue    4.6 4.5 
Total    296.7 291.5 
Revenue – Tommy Hilfiger International
Net sales    700.0 812.8 
Royalty revenue    13.3 15.7 
Advertising and other revenue    3.3 4.3 
Total    716.6 832.8 
Revenue – Calvin Klein North America
Net sales239.7 227.7 
Royalty revenue35.7 35.7 
Advertising and other revenue9.9 10.9 
Total285.3 274.3 
Revenue – Calvin Klein International
Net sales587.4 598.3 
Royalty revenue11.4 12.8 
Advertising and other revenue2.7 2.3 
Total601.5 613.4 
Revenue – Heritage Brands Wholesale
Net sales51.7 145.6 
Royalty revenue0.1 0.2 
Advertising and other revenue— 0.1 
Total51.8 145.9 
Total Revenue
Net sales    1,850.2 2,051.1 
Royalty revenue    81.2 84.7 
Advertising and other revenue    20.5 22.1 
Total    $1,951.9 $2,157.9 

(1) Revenue was impacted by fluctuations of the United States dollar against foreign currencies in which the Company transacts significant levels of business.
The Company’s revenue by distribution channel was as follows:
Thirteen Weeks Ended
(In millions)5/5/24
(1)
4/30/23
(1)
Wholesale net sales$1,004.3 $1,214.3 
Owned and operated retail stores697.5 678.1 
Owned and operated digital commerce sites148.4 158.7 
Retail net sales845.9 836.8 
Net sales1,850.2 2,051.1 
Royalty revenue81.2 84.7 
Advertising and other revenue20.5 22.1 
Total$1,951.9 $2,157.9 

(1)    Revenue was impacted by fluctuations of the United States dollar against foreign currencies in which the Company transacts significant levels of business.

The Company’s income before interest and taxes by segment was as follows:
Thirteen Weeks Ended
(In millions)5/5/24
(1)
4/30/23
(1)
Income before interest and taxes – Tommy Hilfiger North America$24.4 $2.3 
Income before interest and taxes – Tommy Hilfiger International76.4 126.3 
Income before interest and taxes – Calvin Klein North America36.6 2.2 
Income before interest and taxes – Calvin Klein International 96.4 100.4 
Income before interest and taxes – Heritage Brands Wholesale     16.3 
(2)
15.0 
Loss before interest and taxes – Corporate(3)    
(45.0)(47.4)
Income before interest and taxes$205.1 $198.8 

(1) Income before interest and taxes was impacted by fluctuations of the United States dollar against foreign currencies in which the Company transacts significant levels of business.

(2) Income before interest and taxes for the thirteen weeks ended May 5, 2024 included a gain of $10.0 million in connection with the Heritage Brands intimates transaction due to the accelerated realization of the earnout provided for in the agreement with Basic Resources. Please see Note 4, “Divestitures,” for further discussion.

(3) Includes corporate expenses not allocated to any reportable segments. Corporate expenses represent overhead operating expenses and include expenses for senior corporate management, corporate finance, information technology related to corporate infrastructure, certain digital investments, certain corporate responsibility initiatives, certain global strategic initiatives and actuarial gains and losses on the Company’s Pension Plans, SERP Plans and Postretirement Plans (which are generally recorded in the fourth quarter).

Intersegment transactions, which primarily consist of transfers of inventory, are not material.