04:58 PM EDT, 06/04/2024 (MT Newswires) -- PVH (PVH) reported non-GAAP Q1 net income Tuesday of $2.45 per diluted share, up from $2.14 a year earlier.

Analysts polled by Capital IQ expected $2.19.

Revenue in the quarter ended May 5 fell to $1.95 billion from $2.16 billion a year earlier.

Analysts surveyed by Capital IQ expected $1.94 billion.

The company boosted full-year non-GAAP EPS guidance to $11 to $11.25 from $10.75 to $11. Analysts polled by Capital IQ expect $11.09.

Separately, the company said Martijn Hagman, chief executive officer of Tommy Hilfiger Global and PVH Europe, is leaving.

Tommy Hilfiger Global President Lea Rytz Goldman will lead the global brand, and David Savman, PVH chief supply chain officer, will serve as interim CEO of PVH Europe, the company said.

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