While PVH Corp. demonstrated strong performance with revenue growth and successful product innovations, particularly in Calvin Klein and Tommy Hilfiger, the company faced significant challenges. These included declining performance in Asia Pacific, increased inventory levels, decreased gross margins, and the impact of tariffs and operational challenges. The overall sentiment reflects a cautious outlook, balancing achievements with ongoing challenges.

Company Guidance

During the PVH Corp. First Quarter 2025 Earnings Conference Call, the company provided guidance indicating a focus on disciplined execution of its PVH+ plan, which led to a 2% revenue growth above guidance and stronger-than-expected non-GAAP EPS. Despite a challenging macro environment, the company reaffirmed its full-year revenue guidance of flat to slightly up, while adjusting its full-year non-GAAP guidance for EBIT margin and EPS downward due to increased promotions, tariffs, and transitory operational challenges in Calvin Klein's global product creation capability. The company aims to exit the year at double-digit operating margins supported by 200 basis points of cost savings from its initiatives. Notable performance metrics included a 25% increase in sales of Calvin Klein's Icon Cotton Stretch styles and a 14% growth in fashion denim, as well as mid-single-digit growth in wholesale revenue. PVH Corp. plans to counter macro headwinds by expanding successful initiatives, increasing marketing investments, and focusing on product innovation and execution.

Revenue Growth and Earnings Per Share

PVH Corp. grew revenue by 2% above guidance and delivered stronger than expected non-GAAP EPS, also above guidance.

Calvin Klein Product Innovation Success

The launch of Icon Cotton Stretch Underwear for Men drove a 25% increase in combined sales of Icon Cotton Stretch and Cotton Stretch styles globally.

Tommy Hilfiger Lifestyle Campaigns

Tommy Hilfiger launched successful collections and campaigns, including a partnership with Sail GP and participation in the Met Gala, driving strong brand visibility.

EMEA Revenue Growth

Overall revenue in EMEA increased mid-single digits, driven by growth in both direct-to-consumer and wholesale.

Americas Revenue Growth

Revenue in The Americas increased high single digits, driven by earlier wholesale shipments and the relaunch of women's sportswear and jeans at U.S. Wholesale.

SG&A Cost Savings

SG&A as a percent of revenue improved by 90 basis points due to cost savings actions, with further improvements expected.

PVH (PVH) Earnings, Revenues Date & History

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PVH Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Sep 02, 2025	2025 (Q2)	1.99 / -	3.01	―	―	―
Jun 04, 2025	2025 (Q1)	2.26 / 2.30	2.45	-6.12% (-0.15)	―
Mar 31, 2025	2024 (Q4)	3.21 / 3.27	3.72	-12.10% (-0.45)	―
Dec 04, 2024	2024 (Q3)	2.62 / 3.03	2.9	4.48% (+0.13)	―
Aug 27, 2024	2024 (Q2)	2.29 / 3.01	1.98	52.02% (+1.03)	―
Jun 04, 2024	2024 (Q1)	2.17 / 2.45	2.25	8.89% (+0.20)	―
Apr 01, 2024	2023 (Q4)	3.53 / 3.72	2.38	56.30% (+1.34)	―
Nov 29, 2023	2023 (Q3)	2.75 / 2.90	2.6	11.54% (+0.30)	―
Aug 29, 2023	2023 (Q2)	1.76 / 1.98	2.08	-4.81% (-0.10)	―
May 31, 2023	2023 (Q1)	1.94 / 2.25	1.94	15.98% (+0.31)	―

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
Jun 04, 2025	$80.81	$66.30	-17.96%
Mar 31, 2025	$64.61	$76.40	+18.25%
Dec 04, 2024	$112.75	$108.75	-3.55%
Aug 27, 2024	$104.28	$97.58	-6.43%

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.