PVH Corp. Reports 2026 First Quarter Results and Updates Full Year Outlook
PVH reported Q1 revenue of $2.03 billion, up 2% year-over-year, and non-GAAP EPS of $2.01, beating the high end of guidance ($1.80) by $0.21. Direct-to-consumer sales grew 6% (3% constant currency), driven by strength in Calvin Klein and Tommy Hilfiger stores and e-commerce, while wholesale remained flat.
Key figures
- Eps
- 2.01
- Eps Beat
- 0.21
- Guidance
- FY26 revenue flat (down from slight increase); FY26 non-GAAP EPS $11.80-$12.10 (unchanged); Q2 revenue -3% to -4% YoY; Q2 non-GAAP EPS $3.00-$3.10
- Revenue Yoy
- 2%
- Inventory
- 1510200000
- Gross margin
- 58.6%
- Ebit non gaap
- 131200000
- Dtc revenue growth
- 6%
- Tariff gross impact
- 195000000
- Tariff refund impact
- 100000000
- Operating margin non gaap
- 6.5%
AI analysis
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AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.