PVH Corp (PVH)
NYSE:PVH
Earnings Data
Report Date
Jun 03, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
1.96Last Year’s EPS
2.3Same Quarter Last Year
Moderate Buy
Based on 8 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed meaningful operational progress and strong brand and product momentum (exceeding Q4 guidance, notable campaign and product sell-throughs, cost savings, healthy inventory, and sizable shareholder returns). At the same time, significant near-term headwinds—primarily U.S. tariffs, wholesale timing shifts and cautious wholesale partners, along with front‑loaded marketing spend—will pressure margins and Q1 earnings. Management provided mitigation plans for tariffs and a modestly constructive 2026 outlook that assumes progressive mitigation and modest revenue growth. Overall, the balance of evidence points to sustained improvement and structural progress across brands, with short-term macro and tariff challenges that management expects to manage through 2026.Company Guidance
Exceeded Q4 Guidance on Revenue, Profit and EPS
Q4 reported revenue grew ~6% (flat in constant currency), non-GAAP operating margin reached 10% for the quarter (would have been 11.7% excluding gross tariff impact), and Q4 EPS was $3.82, up 17% year-over-year.
Full-Year Delivery and Margin Resilience
Full-year 2025 reported revenue up ~3% and up slightly in constant currency; non-GAAP operating margin for full year was 8.8% (9.6% excluding the impact of tariffs). EPS for FY 2025 was $11.40 and management delivered results in line with guidance.
Strong Brand Momentum and Product Wins (Calvin Klein)
Calvin Kitchen: Underwear franchises grew (men +20%, women +13%); overall underwear business up low-single digits; fashion denim grew high-single-digits. Campaign/product performance: certain campaign items up >50% after launch and a featured 'John Cook' product reached ~60% sell-through in 2 weeks; website traffic up double digits in Europe; flagship stores opened in Tokyo and NYC.
Strong Brand Momentum and Partnerships (Tommy Hilfiger)
Tommy highlights include Q4 cable knit sweater franchise sales up >50%; Tommy revenues up 7% reported and +1% constant currency in Q4; major partnerships (Liverpool FC, Cadillac F1) drove high engagement—Liverpool post was the brand's #1 engaged post ever—and exclusive activations produced immediate e‑commerce spikes (first tunnel walk drove ~200% increase in product sales in Europe).
Direct-to-Consumer and Digital Progress
D2C now represents ~50% of sales (up from 44% in 2021). Owned & operated e-commerce sales were up 5% reported in Q4 (flat in constant currency) with strong double-11 and holiday performance in APAC; APAC D2C returned to growth in Q4 excluding Lunar New Year timing.
Operational Improvements and Cost Savings
Generated over 200 basis points of annualized cost savings from efficiency initiatives and over 300 basis points of total cost savings since program inception; SG&A% improved (full-year SG&A down 70 bps to 48.7%); sequential gross margin improvement across regions in Q4.
Healthy Inventory Position and Supply Chain Progress
Ended 2025 with inventory up 5% vs prior year (1% excluding tariffs), described as a good position heading into spring 2026; Calvin operational delivery issues were addressed and deliveries returned to on-time, with margins back on plan.
Strong Capital Allocation and Shareholder Returns
Returned over $560 million to shareholders in 2025 via repurchases (~8 million shares, representing ~15% of shares outstanding); targeting at least $300 million of repurchases in 2026 and projecting >$500M free cash flow in 2025 (management stated >$500M).
2026 Guidance Reflects Modest Growth and Margin Stability
Outlook for fiscal 2026: reported revenue expected to be up slightly vs 2025 and flat-to-up slightly in constant currency; full-year non-GAAP operating margin targeted at ~8.8% (11% excluding tariffs) and EPS guidance $11.80–$12.10, indicating modest improvement vs FY2025 EPS of $11.40.
PVH Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
PVH Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Mar 31, 2026 | $69.76 | $76.56 | +9.75% |
Dec 03, 2025 | $87.50 | $77.12 | -11.87% |
Aug 26, 2025 | $82.37 | $81.61 | -0.92% |
Jun 04, 2025 | $80.69 | $66.20 | -17.96% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does PVH Corp (PVH) report earnings?
PVH Corp (PVH) is schdueled to report earning on Jun 03, 2026, After Close (Confirmed).
What is PVH Corp (PVH) earnings time?
PVH Corp (PVH) earnings time is at Jun 03, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is PVH EPS forecast?
PVH EPS forecast for the fiscal quarter 2026 (Q1) is 1.96.
