PVH CorpPVH
▲ PositiveCapitalDemandrelevance
Reaffirmed FY2026 EPS guidance and beat Q2 EPS expectations, with ongoing buybacks.
Impact on stocks 1
Consumer Discretionary
PVH CorpPVH Corp. reaffirmed its full-year 2026 outlook, projecting EPS in the range of $11.80 to $12.10 and operating margin of approximately 8.8%, while confirming annualized run-rate savings of approximately $45 million. In the second quarter, revenue decreased 3% and non-GAAP EPS was $3.70, beating expectations, though the company recognized a noncash goodwill impairment charge of $439 million on a GAAP basis. CEO Stefan Larsson highlighted strong D2C and e-commerce momentum, with Calvin Klein up double-digits and Tommy Hilfiger up high single-digits online, but noted European wholesale remains pressured, with the spring 2027 order book down mid-single digits. The company also announced that Alexis Rollier has formally joined as Chief Financial Officer, and it continues to expect at least $300 million in share repurchases.
PVH CorpReaffirmed FY2026 EPS guidance and beat Q2 EPS expectations, with ongoing buybacks.