PVH 2026 Q2 Earnings Strong Earnings Growth Drives Net Income Up 41.9%

PVH reported its fiscal 2026 Q2 earnings on Aug 26, 2025, delivering results that exceeded expectations with significant earnings growth. The company raised full-year revenue guidance slightly and reaffirmed non-GAAP EPS guidance, reflecting confidence in its strategic execution.

Revenue
PVH's total revenue rose 4.5% year-over-year to $2.17 billion in Q2 2026. The growth was driven by strong performance across its key brands, with Tommy Hilfiger contributing $1.14 billion and Calvin Klein generating $980 million in revenue. The Heritage Brands segment added $51.30 million, completing the revenue breakdown. The performance highlights the company's continued momentum in its core markets.

Earnings/Net Income
PVH’s earnings surged, with net income increasing by 41.9% to $224.20 million compared to $158 million in the same period last year. Earnings per share (EPS) also climbed sharply, rising 65.0% to $4.66, reflecting the company’s improved profitability. This marks a strong earnings performance for the quarter.

Price Action
PVH’s stock rose 1.02% in the latest trading day and gained 8.30% over the most recent full trading week, with a 7.34% rise month-to-date.

Post-Earnings Price Action Review
A strategy of buying PVH shares on the earnings release date after a quarter-over-quarter revenue increase and selling 30 days later generated no return over the past three years. The approach yielded a CAGR of 0.00% and an excess return of -31.10%, underperforming the benchmark. The strategy also recorded a maximum drawdown of 0.00% and a Sharpe ratio of 0.00%, suggesting a neutral but ineffective outcome.

CEO Commentary
Stefan Larsson, CEO, attributed the strong Q2 performance to Calvin Klein’s momentum in underwear and fashion denim, supported by strategic partnerships and product innovation. Tommy Hilfiger’s success was driven by its summer campaign in conjunction with F1™ The Movie and US SailGP. Larsson expressed confidence in PVH’s ability to execute its PVH+ Plan and continue transforming both Calvin Klein and Tommy Hilfiger into the world’s most desirable brands.

Guidance
PVH raised its full-year reported revenue guidance to a slight increase in low single digits, up from previously expected flat to slightly positive growth. The company reaffirmed its non-GAAP EPS guidance of $10.75 to $11.00 for the year, factoring in a $1.15 per share negative impact from U.S. tariffs and a $0.45 positive impact from foreign currency translation. The non-GAAP operating margin is expected to remain around 8.5%, with constant currency revenue growth projected to be flat to slightly positive.

Additional News
On the same day as the earnings report, Deutsche Bank AG sold 33,054 shares of PVH Corp. in a transaction that reflects potential strategic portfolio adjustments by institutional investors. While no direct earnings or operational changes were announced alongside the trade, the move may signal shifting sentiment or risk management strategies among major holders. The transaction occurred as PVH's stock was in a short-term upward trend, raising questions about the timing and motivation behind the sale. No other major non-earnings-related news items were reported in the three-week period ending August 26, 2025.