
• Reported GAAP EPS of -$3.46 down -222.26% YoY • Reported revenue of $2.51B up 5.63% YoY • PVH Corp expects 2026 revenue to increase slightly, or be flat to slightly up excluding foreign currency translation. Net income is projected to increase by approximately $15M, with gross margin slightly up despite tariff impacts, aided by mitigation.
Bullish
PVH Corp is advancing its PVH+ Plan to elevate Calvin Klein and TOMMY HILFIGER brands, realizing over $200M in annualized cost savings, and benefited from favorable foreign currency translation in 2025.
Bearish
PVH Corp recorded $480 million in Q1 2025 impairment charges, faces significant operational risks from its China UEL listing, and expects continued margin pressure due to competition and tariffs.