PVH CorpPVH
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Q2 EPS beat and reaffirmed guidance despite tariff pressures
Impact on stocks 1
Consumer Discretionary
PVH CorpPVH Beats Q2 Estimates, Reaffirms Guidance Amid Tariff Pressures
Earnings
PVH met Wall Street's revenue expectations in Q2 CY2026, with sales falling 3.2% year on year to $2.10 billion, while non-GAAP profit of $3.70 per share beat analysts' consensus by 20.1%. Management credited improved execution across Calvin Klein and Tommy Hilfiger, citing targeted product innovation and marketing campaigns that drove consumer engagement. CEO Stefan Larsson highlighted increased investment in global marketing, flagship store expansions in Tokyo and New York, and supply chain optimization as key strategic priorities. CFO Zac Coughlin noted that higher tariffs will pressure margins, but mitigation actions and cost discipline should help offset the impact. The company reiterated its full-year adjusted EPS guidance of $11.95 at the midpoint, despite an estimated unmitigated tariff impact of roughly $70 million to EBIT for 2025.
PVH CorpQ2 EPS beat and reaffirmed guidance despite tariff pressures