PVH CORP. /DE/ (PVH) Company Report

PVH exceeded its Q3 2025 guidance for reported revenue, operating profit, and EPS, with total revenue reaching $2.3 billion, a decline of less than 1% in constant currency.
The company reaffirmed its full-year constant currency revenue and operating margin outlook of approximately 8.5%, and narrowed its non-GAAP EPS outlook to $10.85-$11 (from $10.75-$11 previously).
Tariffs are projected to have a net negative impact of approximately $65 million on 2025 EBIT, or $1.05 per share, though some mitigation actions have begun.
CFO Zac Coughlin is departing for a new opportunity, and the company completed an accelerated share repurchase program in Q3 2025, buying back an additional 2.3 million shares, totaling 7.7 million shares year-to-date.

12 hours ago

Transcript

PVH Exceeds Q3 2025 Guidance and Narrows Full-Year EPS Outlook

PVH

Earnings

Guidance Update

CFO Change

PVH exceeded Q3 2025 guidance for reported revenue, operating profit, and EPS, with total revenue reaching $2.3 billion, down less than 1% in constant currency.
The company narrowed its full-year 2025 non-GAAP EPS outlook to the high end of previous ranges, now expecting $10.85-$11, and reaffirmed its constant currency revenue and operating margin outlook.
Tariffs significantly impacted gross margin, contributing approximately 110 basis points to the Q3 decline, and are projected to have an unmitigated full-year impact of approximately $1.05 per share.
Inventory levels were up 3% year-over-year, including the impact of tariffs, and PVH completed an accelerated share repurchase program, reducing its share count by an additional 2.3 million shares in Q3.
CFO Zac Coughlin will be departing for a new opportunity outside the industry.

13 hours ago

Transcript

PVH Reports Q3 Revenue Increase, Issues Cautious Q4 Forecast

PVH

Earnings

Guidance Update

PVH Corp. reported third-quarter revenue of $2.294 billion, a 2% increase driven by growth in the Americas and EMEA, with adjusted earnings per share of $2.83.
Net profits for the quarter significantly fell to $4.2 million from $131.9 million a year ago, primarily due to restructuring costs and a $121 million increase in tax expenses.
The company issued a cautious Q4 adjusted EPS forecast between $3.20 and $3.35, which is below analyst estimates, and projected low single-digit revenue growth for the quarter.
PVH narrowed its full-year revenue outlook to low single-digit growth and noted that adjusted EPS included a 37 cent impact from tariffs.

1 day ago

Morningstar

PVH Corp. Reports Strong Q3 2025 Results and Narrows Full-Year Outlook

PVH

Earnings

Guidance Update

Share Buyback

PVH Corp. reported Q3 2025 revenue of $2.294 billion, an increase of 2% compared to the prior year, and non-GAAP diluted EPS of $2.83, both exceeding guidance.
The company narrowed its full-year 2025 non-GAAP EPS outlook to a range of $10.85 to $11.00 and its reported revenue outlook to up low single-digits, reflecting the high end of previous ranges.
Gross margin for Q3 2025 was 56.3%, a decrease from the prior year, primarily due to increased tariffs, a promotional environment, and higher freight costs.
Inventory increased 3% compared to the prior year, showing significant improvement from Q2 2025.
For the first nine months of 2025, the company repurchased a total of 7.7 million shares of its common stock, including 5.4 million shares for $561 million in Q1 2025.

1 day ago

8-K

PVH Corp. announces CFO transition and reaffirms guidance

PVH

CFO Change

Guidance Update

Executive Compensation

Zac Coughlin will depart as Chief Financial Officer of PVH Corp. on December 31, 2025, to pursue an opportunity outside the retail and apparel industry.
Melissa Stone, Executive Vice President, Global Financial Planning & Analysis, has been appointed Interim CFO and interim principal financial officer, effective January 1, 2026, while the company searches for a successor.
PVH Corp. reaffirmed its third quarter and full year 2025 guidance for revenue and earnings on a non-GAAP basis.
Ms. Stone's interim compensation package includes a monthly salary increase of $20,833, a one-time restricted stock unit grant with a grant date value of $200,000, and a one-time cash bonus of $300,000.

Nov 18, 2025, 3:56 PM

8-K

PVH Corp Exceeds Q2 2026 Expectations and Reaffirms Full-Year Guidance

PVH

Earnings

Guidance Update

New Projects/Investments

PVH Corp exceeded its Q2 2026 guidance on both top and bottom line, with revenue growing 4% on a reported basis and 1% on a constant currency basis, and achieving better than expected gross margin and EBIT margins.
The company reaffirmed its full-year 2026 guidance for constant currency revenue (flat to increase slightly), operating margin (approximately 8.5%), and EPS (range of $10.75 to $11.00), despite effectively doubled tariff rates and an uneven global macro environment.
PVH anticipates an increased unmitigated tariff impact for 2025, now estimated at approximately $70 million to EBIT or $1.15 per share, up from previous guidance, but expects to mitigate some costs through strategic actions in the second half and fully over time.
Strategic investments in marketing have been increased for the remainder of the year to generate higher visibility and customer impact, building on momentum from Q2.
Operational issues related to setting up the Calvin Klein global product capability in New York have been successfully addressed, with sequential improvements for Fall 2025 and targeted go-in margin improvements and on-time deliveries for Spring 2026.

Aug 27, 2025, 7:05 PM

PVH Corp. issues $500 million 5.500% Senior Notes due 2030

PVH

Debt Issuance

On June 10, 2025, PVH entered into an underwriting agreement to issue $500 million aggregate principal amount of 5.500% senior notes due June 13, 2030.
The offering closed on June 13, 2025, generating net proceeds of approximately $489.6 million, which will be used to repay outstanding 4.25% notes due 2025 and for general corporate purposes.
The notes bear interest at 5.500%, payable semi-annually beginning December 13, 2025, and are callable beginning May 13, 2030, with a change-of-control repurchase option at 101% of principal.
The notes were priced at 99.870% of par, yielding 5.53% (spread of +145 bps to the 4.000% U.S. Treasury due May 31, 2030), and rated Baa3/BBB-.

Jun 13, 2025, 12:00 AM

8-K

PVH Corp Initiates $450M Credit Agreement

PVH

Debt Issuance

PVH Corp. entered into a credit agreement on April 25, 2025 with various lenders, including Barclays Bank PLC as Administrative Agent, to establish a delayed-draw term loan facility.
The agreement provides aggregate lending commitments of $450.0 million for senior, unsecured term loans, undrawn at the closing date, with funding available until October 17, 2025 and maturing on April 3, 2026.
Loans under the facility feature an initial margin of 1.125% for term SOFR rate borrowings and 0.125% for base rate borrowings, alongside a commitment fee starting from July 4, 2025.

Apr 25, 2025, 12:00 AM

8-K

PVH Corp Establishes $250M Delayed-Draw Term Loan Facility

PVH

Debt Issuance

**PVH Corp entered into a credit agreement on April 4, 2025, establishing a delayed-draw term loan facility with aggregate lending commitments of $250 million for working capital or general corporate purposes, with a minimum borrowing of $50 million per draw (document ).
The agreement specifies variable interest rates tied to either a base rate with a margin of 0.125% or a term SOFR rate with a margin of 1.125%, along with a commitment fee of 0.125% on undrawn amounts, and includes customary covenants and events of default provisions (document ).

Apr 4, 2025, 12:00 AM

8-K

PVH Corp Q4 2025 Results & $500M Accelerated Share Repurchase

PVH

Share Buyback

Earnings

Guidance Update

Q4 performance exceeded guidance with strong holiday results, improved European order books, and steady growth in Asia despite macro headwinds
Full year 2024 results delivered a record non-GAAP EPS of $11.74 and a record gross margin of 59.4%, driven by disciplined execution of the PVH+ Plan
Accelerated share repurchase agreements were initiated with Barclays Capital Inc. and Goldman Sachs & Co. LLC for $500 million of common stock, with settlement anticipated during the third quarter of fiscal 2025
The repurchase is executed under the Company’s existing $5.0 billion stock repurchase authorization, starting with an initial delivery of 4,579,354 shares held in treasury pending final settlement
Strategic cost initiatives bolstered nearly $600 million in free cash flow, while Q1 2025 guidance flags temporary margin headwinds from product delays and regional challenges

Apr 2, 2025, 12:00 AM

8-K Transcript

Earnings Transcripts

Quarterly earnings call transcripts for PVH CORP. /DE/.

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