Total Revenue

Increased slightly from $1,951.9 million in Q1 2025 to $1,983.6 million in Q1 2026 (up ~1.6%)

A modest revenue improvement occurred despite a challenging environment, reflecting slight growth driven by consistent sales in key segments compared to the prior period’s performance. This improvement builds upon the previous quarter’s revenue performance, although underlying pressures from earlier periods (e.g., segment mix changes and foreign currency impacts) remain relevant. " "

Net Income

Reversed from a profit of $151.4 million in Q1 2025 to a loss of $44.8 million in Q1 2026

A dramatic shift in profitability is evident as net income swung from a positive margin to a substantial loss, likely caused by increased operating expenses and declining operating performance amid a deteriorating economic backdrop. The prior period’s healthy earnings were offset by new challenges in Q1 2026, intensifying the impact on bottom-line results. " "

Income Before Interest and Taxes

Declined from $205.1 million in Q1 2025 to –$332.2 million in Q1 2026

A major deterioration in operating performance is underscored by the sharp swing from positive EBIT to a significant loss. This reversal may stem from a combination of rising corporate and restructuring expenses and weaker segment performance compared to earlier periods, highlighting the challenges that emerged in Q1 2026. " "

Diluted Net Income per Share

Fell from $2.59 in Q1 2025 to –$0.88 in Q1 2026

Bottom-line pressure is reflected in the diluted EPS decline, as the dramatic swing in net income, together with the adjusted share count, directly impacted earnings per share. The strong EPS performance in Q1 2025 was offset by the substantial drop in net income in Q1 2026, underscoring operational difficulties. " "

Segment-wise Revenue Distribution

Q1 2026: Tommy Hilfiger $1,048.1 million; Calvin Klein $886.1 million; Heritage Brands $49.4 million

The current segment breakdown highlights continued strength in Tommy Hilfiger and Calvin Klein, while Heritage Brands remains a small contributor, likely due to the previous period’s strategic transactions (e.g., the Heritage Brands intimates transaction) that had already reduced its relative scale. This reflects an ongoing strategic realignment from earlier periods with Heritage Brands being de-emphasized. " "