The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Ashley Owens - KeyBanc Capital Markets - Analyst
: So first off, maybe just help us with some of the context on the headwinds. I know you mentioned in your prepared remarks, there's a greater roll
off of some of the PVH licenses this year. So how much did each of these impact the full year guide?
And then additionally, I know you made comments on tariffs, but any impact from that on non-outerwear categories. And then any additional
color you could provide us thus far on exit rates in February and how trends have fared so far into March?
Question: Ashley Owens - KeyBanc Capital Markets - Analyst
: Okay. Got it. And then quickly as well, I know you mentioned AI in the prepared remarks as being an area of investment you'll be focusing on to
streamline operations this year. With AI, it seems that it's one of those items that is changing pretty quickly. So I would be curious in the past 90
days or so, if you've seen any new opportunities or just any additional thoughts about some of the new initiatives that you'll be working on within
AI.
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Question: Ashley Owens - KeyBanc Capital Markets - Analyst
: Great. I'll pass it along.
Question: Mauricio Serna Vega - UBS Group AG - Analyst
: Just wanted to make sure on the Q4 outperformance, I just want to make sure there wasn't like any type of like shift in wholesale shipments or
anything like that coming out of Q1? Because like just looking at the initial guidance, maybe that was the reason, but it seems like it was more like
outperformance than what you were expecting.
So I wanted to check on. Just double check on that. And then on the decline that you saw in PVH revenues in fiscal year '25, I think it was like a little
bit less than anticipated. So I just was wondering what drove that like higher than anticipated, I guess, sales from those brands? And then lastly,
could you provide some details around like what is like the current size of the Donna Karan business?
Question: Mauricio Serna Vega - UBS Group AG - Analyst
: Got the question about Donna Karan?
Question: Mauricio Serna Vega - UBS Group AG - Analyst
: Nice to hear that. Just last one, maybe could you talk a little bit more about the gross margin in Q4, like pre outperformance. I know you mentioned
a little bit about the details there in the prepared remarks, but just wanted if you can provide a little bit more insight, that would be great.
Question: Dana Telsey - Telsey Advisor Group - Analyst
: Congratulations on the very nice fourth quarter. As you think about the growing of your own brands and you talked in your initial remarks, Morris,
about the extended categories for Donna Karan or DKNY. How do you see that developing and coming into the picture? What are you seeing
overall in terms of wholesale order trends especially with your largest customer. And when you think about your own DTC, particularly in North
America, how do you see that developing?
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