Inferra AI / Company / PVH

Pvh Corp. /De

PVH · Consumer Discretionary

Last earnings Sep 2, 2026

Key results

Review revenuequarter

$2.167 billion

Second Quarter Review Revenue of $2.167 billion increased 4% compared to $2.074 billion in the prior year period (increased 1 % on a constant currency basis).

SEC original ↗Pvh Corp. /De — Earnings release (8-K exhibit)EX-99Aug 26, 2025

EMEA revenuequarter

Revenue performance for the Company's reportable segments in the second quarter compared to the prior year period was as follows EMEA revenue increased 3% compared to the prior year period (decreased 3% on a constant currency basis).

SEC original ↗Pvh Corp. /De — Earnings release (8-K exhibit)EX-99Aug 26, 2025

Americas revenuequarter

11%

Americas revenue increased 11% compared to the prior year period driven by growth in the wholesale business, with flat revenue in the direct-to-consumer business.

SEC original ↗Pvh Corp. /De — Earnings release (8-K exhibit)EX-99Aug 26, 2025

APAC revenuequarter

APAC revenue decreased 1% compared to the prior year period (decreased 3 % on a constant currency basis) driven by a decrease in the wholesale business.

SEC original ↗Pvh Corp. /De — Earnings release (8-K exhibit)EX-99Aug 26, 2025

Licensing revenuequarter

Licensing revenue decreased 3% compared to the prior year period due to the transition of certain previously licensed women's product categories in-house.

SEC original ↗Pvh Corp. /De — Earnings release (8-K exhibit)EX-99Aug 26, 2025

Tommy Hilfiger revenuequarter

Revenue performance for the Company's global brand businesses in the second quarter compared to the prior year period was as follows Tommy Hilfiger revenue increased 4% compared to the prior year period (was flat on a constant currency basis).

SEC original ↗Pvh Corp. /De — Earnings release (8-K exhibit)EX-99Aug 26, 2025

Calvin Klein revenuequarter

Calvin Klein revenue increased 5% compared to the prior year period (increased 3% on a constant currency basis).

SEC original ↗Pvh Corp. /De — Earnings release (8-K exhibit)EX-99Aug 26, 2025

Direct-to-consumer revenuequarter

Revenue performance for the Company's directly operated channels in the second quarter compared to the prior year period was as follows Direct-to-consumer revenue increased 4% compared to the prior year period (was flat on a constant currency basis).

SEC original ↗Pvh Corp. /De — Earnings release (8-K exhibit)EX-99Aug 26, 2025

AI analysis

Q3 2025 · reported Aug 26, 2025

Based on: Earnings release + parent 8-K + 10-Q — transcript not held

Review revenue · Q3 2025

$2.167B

+4.5% vs year ago computed from stated figures

EX-99 · Aug 26, 2025

Headline figures

Metric	Q3 2025	Prior qtr	Year ago
Review revenue	$2.167 billion	—	$2.074 billion
EMEA revenue	3%	—	—
Americas revenue	11%	—	—
APAC revenue	1%	—	—
Licensing revenue	3%	—	—
Tommy Hilfiger revenue	4%	—	—
Calvin Klein revenue	5%	—	—
Direct-to-consumer revenue	4%	—	—

EX-99 · Aug 26, 2025

Guidance · company-stated

Direction: Raised

Revenue$2.167 billion

“REPORTS 2025 SECOND QUARTER REPORTED REVENUE AND EARNINGS ABOVE GUIDANCE AND REAFFIRMS FULL YEAR NON-GAAP EARNINGS OUTLOOK Second quarter Revenue Increased 4% to $2.167 billion compared to the prior year period and exceeded guidance of a low single digit increase.”

Company outlook

“Increased 1% on a constant currency basis in line with guidance of flat to increase slightly on a constant currency basis.”

Margin

“Operating margin Reaffirms outlook of approximately 8.5% on a non-GAAP basis inclusive of the impact of recently announced increases in tariffs compared to prior guidance.”

EPS

“Reaffirms outlook of a range of $10.75 to $11.00 on a non-GAAP basis.”

Revenue

“We continue to expect 2025 to mark our return to growth, and we are raising our reported revenue guidance and reaffirming our non-GAAP earnings outlook for the full year, reflecting our confidence in our ability to execute with impact despite the uncertain global macroenvironment.”

Margin

“Operating margin Reaffirming outlook of approximately 8.5% on a non-GAAP basis compared to 8.9% on a GAAP basis and 10.0% on a non-GAAP basis in 2024.”

Classified from the release's primary full-year outlook statement.

Next earningsNo verified date on fileNo date is estimated or imported

Capital allocation

Stock Repurchase Program Delivering on its commitment under the PVH+ Plan to return excess cash to stockholders, the Company made $561 million of purchases in the first quarter through accelerated share repurchase ( ASR ) agreements and open market purchases.

The Company did not make during the second quarter of 2025, and currently does not expect to make during the remainder of 2025, any payments to repurchase its common stock.

General educational research only — not investment advice.Every figure is as stated in the held documents; values marked “computed from stated figures” are arithmetic on those stated figures. Guidance shown is the company’s own stated guidance. No price targets, no recommendations, no consensus estimates.

Event summary

Results include $45 million of pre-tax restructuring costs and other tax related impacts, which have been excluded from the Company s results on a non-GAAP basis

Based on: Earnings release + parent 8-K + 10-Q — transcript not held

Guidance & outlook

Direction: Raised

Revenue: “REPORTS 2025 SECOND QUARTER REPORTED REVENUE AND EARNINGS ABOVE GUIDANCE AND REAFFIRMS FULL YEAR NON-GAAP EARNINGS OUTLOOK Second quarter Revenue Increased 4% to $2.167 billion compared to the prior year period and exceeded guidance of a low single digit increase.”

Company outlook: “Increased 1% on a constant currency basis in line with guidance of flat to increase slightly on a constant currency basis.”

Margin: “Operating margin Reaffirms outlook of approximately 8.5% on a non-GAAP basis inclusive of the impact of recently announced increases in tariffs compared to prior guidance.”

EPS: “EPS Reaffirms outlook of a range of $10.75 to $11.00 on a non-GAAP basis.”

Revenue: “We continue to expect 2025 to mark our return to growth, and we are raising our reported revenue guidance and reaffirming our non-GAAP earnings outlook for the full year, reflecting our confidence in our ability to execute with impact despite the uncertain global macroenvironment.”

Margin: “Operating margin Reaffirming outlook of approximately 8.5% on a non-GAAP basis compared to 8.9% on a GAAP basis and 10.0% on a non-GAAP basis in 2024.”

Revenue — Raised (“Increased”)
“REPORTS 2025 SECOND QUARTER REPORTED REVENUE AND EARNINGS ABOVE GUIDANCE AND REAFFIRMS FULL YEAR NON-GAAP EARNINGS OUTLOOK Second quarter Revenue Increased 4% to $2.167 billion compared to the prior year period and exceeded guidance of a low single digit increase.”

Company outlook — Raised (“Increased”)
“Increased 1% on a constant currency basis in line with guidance of flat to increase slightly on a constant currency basis.”

Revenue — Raised (“increase”)
“Full year outlook Revenue Raisi ng outlook to increase slightly to up low single-digits compared to flat to increase slightly previously.”

Company outlook — Raised (“increase”)
“Reaffirms outlook of flat to increase slightly on a constant currency basis.”

Margin — Raised (“increases”)
“Operating margin Reaffirms outlook of approximately 8.5% on a non-GAAP basis inclusive of the impact of recently announced increases in tariffs compared to prior guidance.”

EPS — Reiterated (“Reaffirms”)
“EPS Reaffirms outlook of a range of $10.75 to $11.00 on a non-GAAP basis.”

Revenue — Raised (“raising”)
“We continue to expect 2025 to mark our return to growth, and we are raising our reported revenue guidance and reaffirming our non-GAAP earnings outlook for the full year, reflecting our confidence in our ability to execute with impact despite the uncertain global macroenvironment.”

Company outlook — Raised (“increasing”)
“We are reaffirming our full year non-GAAP earnings guidance despite ongoing macroeconomic uncertainty, including the evolving global trade landscape, while also increasing our investment in brand building initiatives.”

Company outlook — Raised (“increases”)
“There is significant uncertainty with respect to global trade policies, including the potential for increases in tariffs, and the related impact on the broader macroeconomic environment and, as such, the Company s 2025 outlook could be subject to significant material change.”

Revenue — Raised (“increase”)
“3 Full Year 2025 Guidance Revenue Projected to increase slightly to low single-digits compared to flat to increase slightly previously.”

Company outlook — Raised (“increase”)
“Reaffirming outlook of flat to increase slightly on a constant currency basis.”

Margin — Reiterated (“Reaffirming”)
“Operating margin Reaffirming outlook of approximately 8.5% on a non-GAAP basis compared to 8.9% on a GAAP basis and 10.0% on a non-GAAP basis in 2024.”

Classified from the release's primary full-year outlook statement.

Capital allocation

SEC original ↗Pvh Corp. /De — Earnings release (8-K exhibit)EX-99Aug 26, 2025

The Company did not make during the second quarter of 2025, and currently does not expect to make during the remainder of 2025, any payments to repurchase its common stock.

SEC original ↗Pvh Corp. /De — Earnings release (8-K exhibit)EX-99Aug 26, 2025

The number of shares of common stock repurchased for the full year 2025 is subject to the final settlement under the ASR agreements, which is expected to occur during the third quarter of 2025.

SEC original ↗Pvh Corp. /De — Earnings release (8-K exhibit)EX-99Aug 26, 2025

Interest expense is projected to increase to approximately $80 million compared to $67 million in 2024, primarily due to the impact of funding the accelerated share repurchase agreements discussed above.

SEC original ↗Pvh Corp. /De — Earnings release (8-K exhibit)EX-99Aug 26, 2025

Interest expense is projected to increase to approximately $22 million compared to $16 million in the third quarter of 2024 primarily due to the impact of funding the accelerated share repurchase agreements discussed above.

SEC original ↗Pvh Corp. /De — Earnings release (8-K exhibit)EX-99Aug 26, 2025

The Company s income approach was based on discounted projected future (debt-free) cash flows for the reporting unit.

SEC original ↗Pvh Corp. /De — 10-Q Quarterly report10-QSep 2, 2026

Strategy & priorities

We are again stepping up the momentum we drove in the second quarter as we remain relentlessly focused on the multi-year journey to build Calvin Klein and TOMMY HILFIGER into the most desirable brands in the world.

SEC original ↗Pvh Corp. /De — Earnings release (8-K exhibit)EX-99Aug 26, 2025

Zac Coughlin, Chief Financial Officer, said, For the second quarter, we delivered on our plan through our focus on next level execution of the PVH+ Plan.

SEC original ↗Pvh Corp. /De — Earnings release (8-K exhibit)EX-99Aug 26, 2025

We are reaffirming our full year non-GAAP earnings guidance despite ongoing macroeconomic uncertainty, including the evolving global trade landscape, while also increasing our investment in brand building initiatives.

SEC original ↗Pvh Corp. /De — Earnings release (8-K exhibit)EX-99Aug 26, 2025

The Company continues to take a disciplined approach to managing expenses, driving cost efficiencies while making targeted investments to drive its strategic initiatives.

SEC original ↗Pvh Corp. /De — Earnings release (8-K exhibit)EX-99Aug 26, 2025

4 Non-GAAP Exclusions The discussions in this release that refer to non-GAAP amounts exclude the following Pre-tax restructuring costs totaling $58 million incurred in 2025 consisting principally of severance in connection with the Company s multi-year initiative announced in 2024 to simplify its operating model by centralizing processes and improving systems and automation to drive more efficient, cost-effective ways of working across the organization (the Growth Driver 5 Actions ), of which $13 million was incurred in the first quarter and $45 million was incurred in the second quarter.

SEC original ↗Pvh Corp. /De — Earnings release (8-K exhibit)EX-99Aug 26, 2025

Risks & headwinds

Operating margin Reaffirms outlook of approximately 8.5% on a non-GAAP basis inclusive of the impact of recently announced increases in tariffs compared to prior guidance.

SEC original ↗Pvh Corp. /De — Earnings release (8-K exhibit)EX-99Aug 26, 2025

Outlook includes an estimated net negative impact related to the tariffs currently in place for goods coming into the U.

SEC original ↗Pvh Corp. /De — Earnings release (8-K exhibit)EX-99Aug 26, 2025

The decrease reflects the impacts of (i) an increased promotional environment, (ii) the gross margin differential due to the transition of previously licensed women s product categories to an in-house wholesale business, (iii) an unfavorable shift in channel mix, (iv) increased tariffs on goods coming into the U.

SEC original ↗Pvh Corp. /De — Earnings release (8-K exhibit)EX-99Aug 26, 2025

The increase was primarily due to (i) a purposeful investment in core product inventory to improve overall availability, (ii) an increase in inventory to support the projected sales growth in the third quarter, and (iii) a 1% impact of increased tariffs.

SEC original ↗Pvh Corp. /De — Earnings release (8-K exhibit)EX-99Aug 26, 2025

2025 Outlook The Company s 2025 outlook reflects an estimated net negative impact related to the tariffs currently in place for goods coming into the U.

SEC original ↗Pvh Corp. /De — Earnings release (8-K exhibit)EX-99Aug 26, 2025

Competitors