PVH Corp

Latest Results (18.11.2025):

PVH Corp reported its Q2 2025 financial results with revenue increasing by 4% to $2.167 billion, driven by positive performance in several segments despite challenging market dynamics. The company’s GAAP EPS reached $4.63 while non‐GAAP EPS came in at $2.52, surpassing previous guidance. Broader regional and channel performance details, disciplined expense management, and a raised full‐year outlook reflect the company’s focused strategic initiatives and resilience in a volatile macro-economic environment.

Revenue Growth and Segment Performance

In Q2 2025, PVH Corp’s revenue grew 4% year-over-year, achieving $2.167 billion. The Americas segment drove strong double-digit performance with an 11% gain, while EMEA and APAC showed mixed results. Licensing revenue declined 3% as certain women’s categories were transitioned in-house, illustrating evolving business dynamics across global markets.

EPS and Margin Results

On a GAAP basis, PVH Corp reported EPS of $4.63, and on a non-GAAP basis, EPS was $2.52—exceeding the company’s guidance of $1.85 to $2.00. However, gross margins declined from 60.1% to 57.7% amid increased promotions, tariff impacts, and higher freight costs. The reported numbers include significant restructuring and tax-related adjustments, contributing to the variability in margins.

Cost Management and Operating Highlights

PVH Corp maintained a disciplined approach to cost management with measured investments in inventory—up 13%—and strategic initiatives to drive its brand campaigns. Operating income on a non‐GAAP basis was impacted only modestly despite challenges, supported by targeted cost efficiencies and adjustments in the wholesale and direct-to-consumer channels.

Full-Year Guidance Update

The company raised its full-year revenue outlook to a low single-digit increase compared to earlier guidance and reaffirmed its non-GAAP EPS guidance between $10.75 and $11.00. These updates include anticipated impacts from tariffs and positive currency translations, underscoring PVH Corp's confidence in executing its fall season strategies and its long-term recovery path towards growth by 2025.