PVH Corporation reported first-quarter fiscal 2026 adjusted earnings of $2.01 per share, beating the Zacks Consensus Estimate of $1.80, while revenues rose 2% to $2.025 billion, also topping expectations. However, the company cut its full-year revenue outlook to approximately flat on a reported basis, down from a prior view of a slight increase, citing a net negative impact from U.S. tariffs. PVH reaffirmed its full-year non-GAAP operating margin outlook of about 8.8% and earnings guidance of $11.80 to $12.10 per share. For the second quarter, PVH expects revenues to decline 3% to 4% and non-GAAP earnings of $3.00 to $3.10 per share. Shares have fallen 3.8% since the last earnings report, underperforming the S&P 500.
PVH CorpPVH cut its full-year revenue outlook to approximately flat due to U.S. tariffs, indicating weaker end-customer demand.
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