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SEGMENT DATA (Tables) | 6 Months Ended
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Aug. 03, 2025
Segment Reporting Information [Line Items] |
Schedule of Segment Reporting Information, by Segment [Table Text Block] | Segment Data The Company’s revenue, significant expenses, and income before interest and taxes by segment, which include the impact of changes in foreign currency exchanges rates, were as follows:
| Thirteen Weeks Ended |
| 8/3/2025 |
(In millions) | EMEA |  | Americas |  | APAC |  | Licensing |  | Total |
Revenue | $ | 1,048.5 |  |  | $ | 684.0 |  |  | $ | 335.2 |  |  | $ | 99.5 |  |  | $ | 2,167.2 |  |
Cost of goods sold (1) | (445.3) |  |  | (378.2) |  |  | (92.9) |  |  | — |  |  | (916.4) |  |
Marketing expenses (excluding an additional $42.3 included in Corporate and other) (1) | (31.2) |  |  | (22.1) |  |  | (17.0) |  |  | — |  |  | (70.3) |  | (2)
Other segment items (3) | (393.5) |  |  | (210.2) |  |  | (174.0) |  |  | (14.7) |  |  | (792.4) |  |
Segment income before interest and taxes | $ | 178.5 |  |  | $ | 73.5 |  |  | $ | 51.3 |  |  | $ | 84.8 |  |  | $ | 388.1 |  |
Corporate and other (including $42.3 of marketing expenses) (4) |  |  |  |  |  |  |  |  | (209.9) |  | (2)
Restructuring and other costs (5) |  |  |  |  |  |  |  |  | (45.0) |  |
Income before interest and taxes |  |  |  |  |  |  |  |  | $ | 133.2 |  |
| Thirteen Weeks Ended |
| 8/4/2024 |
(In millions) | EMEA |  | Americas |  | APAC |  | Licensing |  | Total |
Revenue | $ | 1,014.2 |  |  | $ | 617.5 |  |  | $ | 339.8 |  |  | $ | 102.8 |  |  | $ | 2,074.3 |  |
Cost of goods sold (1) | (418.8) |  |  | (313.0) |  |  | (96.6) |  |  | — |  |  | (828.4) |  |
Marketing expenses (excluding an additional $46.2 included in Corporate and other) (1) | (30.2) |  |  | (22.5) |  |  | (14.6) |  |  | — |  |  | (67.3) |  | (2)
Other segment items (3) | (384.2) |  |  | (202.0) |  |  | (167.2) |  |  | (16.8) |  |  | (770.2) |  |
Segment income before interest and taxes | $ | 181.0 |  |  | $ | 80.0 |  |  | $ | 61.4 |  |  | $ | 86.0 |  |  | $ | 408.4 |  |
Corporate and other (including $46.2 of marketing expenses) (4) |  |  |  |  |  |  |  |  | (219.2) |  | (2)
Restructuring and other costs (5) |  |  |  |  |  |  |  |  | (15.3) |  |
Income before interest and taxes |  |  |  |  |  |  |  |  | $ | 173.9 |  |
(1) The significant expense categories and amounts align with the segment-level information that is regularly provided to the CODM. (2) In addition to the marketing expenses incurred by the Company’s reportable segments, there was $42.3 million and $46.2 million of global brand marketing expense, including marketing expenses benefiting the Company’s licensees, recorded in Corporate and other for the thirteen weeks ended August 3, 2025 and August 4, 2024, respectively. Total marketing expenses incurred by the Company for the thirteen weeks ended August 3, 2025 and August 4, 2024 were $112.6 million and $113.5 million, respectively. (3) Other segment items include (i) all other segment SG&A expenses other than marketing expense, including direct and indirect costs to operate the segment’s retail store, digital commerce, licensing and wholesale businesses, warehousing and distribution costs, depreciation and amortization, and other costs, and (ii) equity in net income of unconsolidated affiliates. (4) Corporate and other includes costs that are not specific to any particular segment, primarily consisting of (i) global brand costs, which include centrally managed marketing, design, and merchandising costs; and (ii) corporate expenses, which include centrally managed information technology costs, including network, infrastructure and global systems; expenses for senior corporate management; and expenses for corporate support functions including finance, human resources, legal and information security; and intangible asset amortization. (5) Restructuring and other costs for the thirteen weeks ended August 3, 2025 and August 4, 2024 related to the Growth Driver 5 Actions described in Note 15, “Exit Activity Costs,” consisting principally of severance.
| Twenty-Six Weeks Ended |
| 8/3/2025 |
(In millions) | EMEA |  | Americas |  | APAC |  | Licensing |  | Total |
Revenue | $ | 1,976.2 |  |  | $ | 1,292.4 |  |  | $ | 686.9 |  |  | $ | 195.3 |  |  | $ | 4,150.8 |  |
Cost of goods sold (1) | (836.8) |  |  | (707.0) |  |  | (194.5) |  |  | — |  |  | (1,738.3) |  |
Marketing expenses (excluding an additional $80.1 included in Corporate and other) (1) | (59.5) |  |  | (45.5) |  |  | (26.4) |  |  | — |  |  | (131.4) |  | (2)
Other segment items (3) | (752.0) |  |  | (405.6) |  |  | (335.7) |  |  | (29.8) |  |  | (1,523.1) |  |
Segment income before interest and taxes | $ | 327.9 |  |  | $ | 134.3 |  |  | $ | 130.3 |  |  | $ | 165.5 |  |  | $ | 758.0 |  |
Corporate and other (including $80.1 of marketing expenses) (4) |  |  |  |  |  |  |  |  | (419.3) |  | (2)
Restructuring and other costs (5) |  |  |  |  |  |  |  |  | (537.7) |  |
Loss before interest and taxes |  |  |  |  |  |  |  |  | $ | (199.0) |  |
| Twenty-Six Weeks Ended |
| 8/4/2024 |
(In millions) | EMEA |  | Americas |  | APAC |  | Licensing |  | Total |
Revenue | $ | 1,897.1 |  |  | $ | 1,186.7 |  |  | $ | 742.3 |  |  | $ | 200.1 |  |  | $ | 4,026.2 |  |
Cost of goods sold (1) | (775.8) |  |  | (595.5) |  |  | (210.3) |  |  | — |  |  | (1,581.6) |  |
Marketing expenses (excluding an additional $83.7 included in Corporate and other) (1) | (60.5) |  |  | (47.5) |  |  | (29.2) |  |  | — |  |  | (137.2) |  | (2)
Other segment items (3) | (730.3) |  |  | (396.9) |  |  | (339.5) |  |  | (34.6) |  |  | (1,501.3) |  |
Segment income before interest and taxes | $ | 330.5 |  |  | $ | 146.8 |  |  | $ | 163.3 |  |  | $ | 165.5 |  |  | $ | 806.1 |  |
Corporate and other (including $83.7 of marketing expenses) (4) |  |  |  |  |  |  |  |  | (421.8) |  | (2)
Restructuring and other net costs (6) |  |  |  |  |  |  |  |  | (5.3) |  |
Income before interest and taxes |  |  |  |  |  |  |  |  | $ | 379.0 |  |
(1) The significant expense categories and amounts align with the segment-level information that is regularly provided to the CODM. (2) In addition to the marketing expenses incurred by the Company’s reportable segments, there was $80.1 million and $83.7 million of global brand marketing expense, including marketing expenses benefiting the Company’s licensees, recorded in Corporate and other for the twenty-six weeks ended August 3, 2025 and August 4, 2024, respectively. Total marketing expenses incurred by the Company for the twenty-six weeks ended August 3, 2025 and August 4, 2024 were $211.5 million and $220.9 million, respectively. (3) Other segment items include (i) all other segment SG&A expenses other than marketing expense, including direct and indirect costs to operate the segment’s retail store, digital commerce, licensing and wholesale businesses, warehousing and distribution costs, depreciation and amortization, and other costs, and (ii) equity in net income of unconsolidated affiliates. (4) Corporate and other includes costs that are not specific to any particular segment, primarily consisting of (i) global brand costs, which include centrally managed marketing, design, and merchandising costs; and (ii) corporate expenses, which include centrally managed information technology costs, including network, infrastructure and global systems; expenses for senior corporate management; and expenses for corporate support functions including finance, human resources, legal and information security; and intangible asset amortization. (5) Restructuring and other costs for the twenty-six weeks ended August 3, 2025 included (i) noncash impairment charges of $479.5 million related to goodwill and other intangible assets discussed further in Note 6, “Goodwill and Other Intangible Assets” and (ii) costs of $58.2 million incurred related to the Growth Driver 5 Actions described in Note 15, “Exit Activity Costs,” consisting principally of severance. (6) Restructuring and other net costs for the twenty-six weeks ended August 4, 2024 included (i) costs of $15.3 million incurred related to the Growth Driver 5 Actions described in Note 15, “Exit Activity Costs,” consisting principally of severance and (ii) a gain of $10.0 million in connection with the Heritage Brands intimates transaction discussed further in Note 5, “Divestitures.” Additional reportable segment information for the Company is as follows:
|  | Thirteen Weeks Ended |  | Twenty-Six Weeks Ended
(In millions) |  | 8/3/25 |  | 8/4/24 |  | 8/3/25 |  | 8/4/24
Depreciation and Amortization |  |  |  |  |  |  |  |
EMEA |  | $ | 31.9 |  |  | $ | 30.4 |  |  | $ | 62.9 |  |  | $ | 61.7 |
Americas |  | 9.2 |  |  | 10.6 |  |  | 18.9 |  |  | 22.0 |
APAC |  | 10.5 |  |  | 10.9 |  |  | 20.9 |  |  | 22.0 |
Corporate and other |  | 14.8 |  |  | 17.9 |  |  | 31.4 |  |  | 36.2 |
Restructuring and other costs |  | 2.3 |  | (1) | — |  |  | 2.3 |  | (1) | — |
Total |  | $ | 68.7 |  |  | $ | 69.8 |  |  | $ | 136.4 |  |  | $ | 141.9 |
(1) Restructuring and other costs for the thirteen and twenty-six weeks ended August 3, 2025 included accelerated depreciation related to the Growth Driver 5 Actions described in Note 15, “Exit Activity Costs.”
|  | Thirteen Weeks Ended |  | Twenty-Six Weeks Ended
(In millions) |  | 8/3/25 |  | 8/4/24 |  | 8/3/25 |  | 8/4/24
Equity in net income of unconsolidated affiliates |  |  |  |  |  |  |  |
Americas |  | $ | 10.1 |  |  | $ | 8.9 |  |  | $ | 18.5 |  |  | $ | 19.7 |
APAC |  | 2.1 |  |  | 2.0 |  |  | 4.2 |  |  | 4.4 |
Total |  | $ | 12.2 |  |  | $ | 10.9 |  |  | $ | 22.7 |  |  | $ | 24.1 |
(In millions) |  | 8/3/25 |  | 2/2/25 |  | 8/4/24
Inventories, net (1) |  |  |  |  |  |
EMEA |  | $ | 936.5 |  |  | $ | 783.7 |  |  | $ | 822.3 |
Americas |  | 574.0 |  |  | 475.1 |  |  | 481.4 |
APAC |  | 280.5 |  |  | 249.9 |  |  | 279.1 |
Total inventories, net |  | $ | 1,791.0 |  |  | $ | 1,508.7 |  |  | $ | 1,582.8 |
All other assets |  | 9,836.6 |  |  | 9,524.5 |  |  | 9,654.9 |
Total assets |  | $ | 11,627.6 |  |  | $ | 11,033.2 |  |  | $ | 11,237.7 |
(1)Inventories, net includes the impact of changes in foreign currency exchange rates.
Disaggregation of Revenue | Revenue by Brand The Company’s revenue by brand was as follows:
| Thirteen Weeks Ended |  | Twenty-Six Weeks Ended |
(In millions) | 8/3/25 | (1) | 8/4/24 | (1) | 8/3/25 | (1) | 8/4/24 | (1)
Tommy Hilfiger | $ | 1,135.9 |  |  | $ | 1,093.4 |  |  | $ | 2,184.0 |  |  | $ | 2,106.7 |  |
Calvin Klein | 980.0 |  |  | 930.3 |  |  | 1,866.1 |  |  | 1,817.1 |  |
Heritage Brands | 51.3 |  |  | 50.6 |  |  | 100.7 |  |  | 102.4 |  |
Total | $ | 2,167.2 |  |  | $ | 2,074.3 |  |  | $ | 4,150.8 |  |  | $ | 4,026.2 |  |
(1) Revenue was impacted by fluctuations of the United States dollar against foreign currencies in which the Company transacts significant levels of business. Revenue by Distribution Channel The Company’s revenue by distribution channel was as follows:
| Thirteen Weeks Ended |  | Twenty-Six Weeks Ended |
(In millions) | 8/3/25 | (1) | 8/4/24 | (1) | 8/3/25 | (1) | 8/4/24 | (1)
Wholesale revenue | $ | 1,013.1 |  |  | $ | 954.4 |  |  | $ | 2,084.4 |  |  | $ | 1,963.1 |  |
Owned and operated retail stores | 868.0 |  |  | 836.4 |  |  | 1,531.0 |  |  | 1,533.9 |  |
Owned and operated digital commerce sites | 186.6 |  |  | 180.7 |  |  | 340.1 |  |  | 329.1 |  |
Retail revenue | 1,054.6 |  |  | 1,017.1 |  |  | 1,871.1 |  |  | 1,863.0 |  |
Licensing revenue | 99.5 |  |  | 102.8 |  |  | 195.3 |  |  | 200.1 |  |
Total | $ | 2,167.2 |  |  | $ | 2,074.3 |  |  | $ | 4,150.8 |  |  | $ | 4,026.2 |  |
(1) Revenue was impacted by fluctuations of the United States dollar against foreign currencies in which the Company transacts significant levels of business.

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