PVH CORP. /DE/ (PVH) Form 8-K — Sep 2, 2026

$PVHForm 8-KItems 2.02, 9.01Filed Sep 2, 2026, 4:23 PM ET0000078239-26-000055Original filing

PVH Corp. reported second quarter 2026 revenue of $2.097 billion, down 3% year over year and in line with guidance, while non-GAAP EPS of $3.70 far exceeded guidance of $3.00 to $3.10. Results included $107 million of tariff refunds, which added roughly 510 basis points to operating margin and about $1.80 per share to EPS. On a GAAP basis, PVH posted a loss per share of $2.23, driven by a $439 million pre-tax noncash goodwill impairment tied to changes in valuation assumptions from geopolitical and macroeconomic factors.

Key figures

Eps: $(2.23) GAAP; $3.70 non-GAAP (vs $2.52 prior year non-GAAP)
Revenue: $2.097 billion (Q2 2026, vs $2.167 billion prior year)
Guidance: FY2026 reaffirmed: revenue approximately flat (slightly down constant currency), non-GAAP operating margin ~8.8%, non-GAAP EPS $11.80-$12.10. Q3 2026: revenue down low single digits, non-GAAP operating margin ~7.5%, non-GAAP EPS $2.50-$2.65
Net Income: $(102.9) million GAAP net loss; $171.9 million non-GAAP net income
Total Debt: ~$2,248 million ($2,236.5 million long-term debt plus $11.5 million current portion)
Revenue Yoy: -3% reported and constant currency
Total Assets: $11,416.7 million
Cash Position: $965.9 million
Inventory: $1.738 billion, down 3% year over year
Buyback plan: No repurchases in H1 2026; expects at least $300 million of repurchases for full year 2026
Gross margin: 63.0% vs 57.7% prior year
Non gaap ebit: $233 million vs $178 million prior year
Tariff refunds: $107 million received (~510 bps operating margin benefit, ~$1.80 EPS benefit)
E commerce growth: 4% (3% constant currency)
Goodwill impairment: $439 million pre-tax noncash, driven by valuation assumption changes from geopolitical and macroeconomic factors
Warehouse sale gain: $25 million gain on sale of warehouse and distribution center
Brand revenue changes: Calvin Klein -7%, Tommy Hilfiger approximately flat
Gaap operating margin: (9.1)%
Segment revenue changes: EMEA -6%, Americas -1%, APAC +3%, Licensing -13%
Non gaap operating margin: 11.1% vs guidance of ~9.5%
Non gaap effective tax rate: 22.2%
Weighted avg diluted shares: 46.1 million (Q2 2026)

Price after filing

1 day: 0.0%7 days: -6.0%30 days: +4.1%

Close on the filing date to close N calendar days later (from $72.87). Historical, not a forecast.

AI analysis

Red flags6 · Pro

The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.

Upgrade to Pro · $49/mo billed annually

AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.