PVH Corp. reports Q2 adjusted EPS $2.52, consensus $2.00

Reports Q2 revenue $2.167B, consensus $2.12B. Stefan Larsson, Chief Executive Officer, commented, “In the second quarter, through our disciplined execution of our PVH+ Plan, we continued to lean further into Calvin Klein and Tommy Hilfiger’s iconic brand strength and we grew revenue 4% with better-than-expected non-GAAP EBIT margins. For both brands, our stepped-up actions during the quarter to strengthen our brand-building flywheel across product, marketing and marketplace execution gained traction. Calvin Klein showed continued growth in underwear and fashion denim which was driven by the biggest product innovation so far, amplified by mega talent like Bad Bunny. Tommy Hilfiger’s summer season was successfully amplified by the strong campaign around the summer’s biggest blockbuster film: F1(R) The Movie, and the partnership with the US SailGP racing team.”