What guidance did PVH's management provide for the next earnings period?

What is PVH's latest dividend and current dividend yield?

What is the market's earnings forecast for PVH next quarter?

What is PVH's gross profit margin?

What is the revenue and EPS growth rate for PVH year over year?

What factors drove the changes in PVH's revenue and profit?

Did PVH beat or miss consensus estimates last quarter?

What were the key takeaways from PVH's earnings call?

- **Revenue Resilience**: Q3 revenue held steady at $2.3B, with APAC DTC growth and Americas digital outperformance offsetting European challenges.
- **Margin Pressure**: Gross margin down 210 bps YoY due to tariffs, but SG&A efficiency improved 40 bps.
- **Strategic Momentum**: Calvin's underwear franchise up 20%, Tommy's sweaters franchise up 20%, signaling brand strength.
- **Tariff Mitigation**: 2025 EBIT impact of $65M, with plans to fully offset over time.
- **2026 Vision**: Focus on expanding product innovation and improving margins through operational efficiency.

**【CEO Summary Section】**
- **Q3 Revenue**: $2.3 billion, down less than 1% in constant currency, driven by DTC growth in APAC and digital channels in the Americas.
- **Regional Performance**: 
  - **Europe**: Down low single digits in constant currency due to consumer backdrop and supply chain delays, but on-plan for holiday start.
  - **Americas**: 2% growth, with DTC down low single digits but digital up double digits.
  - **APAC**: Flat in constant currency, with DTC growth in China and Japan.
- **Product Innovations**: Calvin Klein's Icon Cotton Modal franchise (women's underwear) and Tommy Hilfiger's sweaters franchise drove double-digit growth.
- **Challenges**: Tariffs in North America and transitory Calvin supply chain issues.

**【CFO Financial Commentary】**
- **Q3 Results**: GAAP net income $202 million, EPS $2.83. Gross margin 56.3%, down 210 bps YoY due to tariffs and promotions.
- **Tariff Impact**: $0.37 per share in Q3, with $65 million EBIT impact for 2025.
- **Guidance**: 
  - **Q4**: Revenue up slightly to low single digits, operating margin ~9%.
  - **Full Year**: Constant currency revenue flat to down slightly, EPS narrowed to $10.85-$11.
  - **2026**: Focus on margin recapture from Calvin product capabilities and tariff mitigation.

**【Q&A Key Highlights】**
- **Marketing ROI**: Calvin's campaigns with Rosalia and Jung Kook drove 20% growth in underwear; Tommy's APAC digital growth up high single digits.
- **Inventory Management**: Q3 inventory up 3% YoY (2% due to tariffs), well-positioned for holiday.
- **2026 Outlook**: CEO emphasizes expanding product innovation into new categories; CFO expects sequential margin improvement post-tariff mitigation.

PVH Corp. (PVH) Q3 2026 Earnings Call Transcript

- **Q2 Beat**: 4% reported/1% constant currency revenue growth, D2C sequential improvement, EBIT margin expansion.
- **Calvin Klein Success**: Bad Bunny campaign drives 14% global underwear sales growth, fall campaign with global superstar.
- **Tariff Mitigation**: $70M annual tariff impact, 50% mitigated in 2025, 70% revenue outside U.S.
- **Marketing Surge**: Q3 marketing spend up to support fall campaigns, D2C growth driven by product + mid-funnel marketing.
- **APAC Stabilization**: 618 GMV +high single digits, Calvin/Tommy top intl brands on Tmall, Japan/Korea brand love persists.

**【CEO Opening Remarks】**
- Q2 revenue grew 4% reported, 1% constant currency, beating guidance. D2C revenue flat in constant currency, sequential improvement from Q1. Gross margin and EBIT margins exceeded expectations.
- Calvin Klein women's underwear franchise sales up 14% globally, driven by Bad Bunny campaign. Fall campaign features global superstar for Icon Cotton Modal franchise. Calvin Klein Tokyo flagship opening tomorrow, New York Soho store later this year.
- Tommy Hilfiger Formula One movie collaboration drove double-digit brand perception lift. Global order books for spring '26 up low single digits, reflecting product strength and wholesale partnerships.
- Full year guidance reaffirmed despite doubled tariffs: flat to slight increase in constant currency revenue, 8.5% operating margin, $10.75-$11 EPS.

**【CFO Financial Commentary】**
- Q2 revenue: $2.18B (4% reported, 1% constant currency). Americas up 11% (wholesale +20% from Calvin Klein in-house transition), EMEA D2C +mid-single, APAC D2C sequential improvement.
- Gross margin 57.7% (-240bps vs. 2024), impacted by tariffs, promotions, and Calvin Klein delays. SG&A -140bps to 49.5% due to cost discipline. EBIT $178M, EPS $2.52 (tariffs -$0.06, FX +$0.16).
- Q3 guidance: flat to slight increase reported, -175bps gross margin (tariffs +80bps), SG&A +75bps due to marketing. Full year: 8.5% operating margin, $10.75-$11 EPS. Tariffs to cost $70M/yr, partially mitigated through supply chain diversification.

**【Q&A Highlights】**
- **Marketing Investments**: Q3 marketing spend up to support fall campaigns (Calvin Klein denim with Mingyu, Tommy F1 with Cadillac). Q2 D2C growth driven by product strength + mid-funnel marketing expansion.
- **Tariffs Mitigation**: 70% of revenue outside U.S., 30+ sourcing countries. 50% of tariff impact mitigated in 2025, full mitigation over time. Q4 gross margin most impacted.
- **Operational Improvements**: Calvin Klein global product engine now on track for spring '26. Inventory fresh and current, down 19% Q1 to Q2.
- **APAC Recovery**: 618 GMV +high single digits, Calvin/Tommy top 5 intl brands on Tmall. Japan/Korea visits show strong brand love despite macro uncertainty.
- **Wholesale Caution**: North America wholesale normalized vs. 2024, no incremental caution from partners. Calvin Klein women's sportswear in-house transition driving growth.

PVH Corp. (PVH) Q2 2026 Earnings Call Transcript

- **Revenue Beat**: Q1 revenue exceeded guidance, driven by Calvin Klein's underwear innovation (+25% Icon Cotton Stretch sales) and Americas wholesale growth. 
- **Gross Margin Strain**: 280bps YoY decline due to tariffs, promotions, and Calvin's operational challenges, but 200bps margin expansion from cost savings expected by year-end. 
- **Back Half Catalysts**: 20% Tommy Hilfiger marketing spend increase, Formula 1 partnerships, and Spring '26 on-time product launches with improved gross margins. 
- **Tariff Mitigation**: $65M headwind partially offset via sourcing cost-sharing and targeted pricing, with 2026 product seasons expected to recover.

**【CEO Summary Section】**
- **Revenue Growth**: Q1 revenue grew 2% above guidance, driven by Calvin Klein's underwear and denim innovation, and earlier wholesale shipments in the Americas. North America wholesale revenue increased high-teens due to the in-house relaunch of Calvin Klein women's sportswear and jeans. 
- **Brand Momentum**: Calvin Klein's Icon Cotton Stretch underwear sales rose 25% globally, while Tommy Hilfiger's European wholesale order books grew mid-single digits. 
- **Challenges**: Faced $65M EBIT headwind from tariffs and a 15% decline in Asia Pacific revenue (constant currency) due to China's weak consumer sentiment. 
- **Back Half Focus**: Accelerate product innovation (e.g., Calvin's women's Icon Cotton Modal underwear campaign), increase marketing spend by 20% for Tommy, and leverage Formula 1 partnerships to drive lifestyle relevance.

**【CFO Financial Commentary】**
- **Q1 Results**: Revenue $1.9B (flat YoY), Non-GAAP EPS $2.30 (vs. $2.25 guidance). Americas DTC e-commerce grew mid-teens, offsetting store traffic decline. 
- **Gross Margin**: 58.6% (-280bps YoY) due to higher wholesale mix, promotions, and Calvin Klein operational challenges. 
- **Cost Savings**: 200bps margin expansion from cost initiatives (e.g., global tech consolidation, logistics optimization). 
- **Tariff Impact**: $65M unmitigated EBIT headwind, partially mitigated through sourcing cost-sharing and targeted pricing. 
- **Q2 Outlook**: Revenue up low single digits, gross margin -300bps YoY, operating margin ~6.5-7%.

**【Q&A Highlights】**
- **Promotional Environment**: Increased discounts in U.S. and China offset by 25% growth in Calvin's core underwear franchise and 14% denim growth. 
- **Calvin Klein Operational Challenges**: 80bps gross margin impact in Q1, improving sequentially with Spring '26 product on-time. 
- **Tariff Mitigation**: 50% of impact offset via sourcing cost-sharing and price adjustments, with 2026 product seasons expected to have healthy gross margins. 
- **China Strategy**: Maintain long-term investment despite short-term headwinds, leveraging global ambassadors (e.g., Stray Kids) to drive engagement.

PVH Corp. (PVH) Q1 2025 Earnings Call Transcript

- **Record Financial Performance**: 2024 capped with 10% operating margin and $11.74 non-GAAP EPS, despite macro challenges. 
- **Europe Turnaround**: Sequential order book growth and DTC expansion set stage for low single-digit euro revenue growth in 2025.
- **North America Profitability**: Double-digit EBIT margin sustained through disciplined execution and brand strength.
- **2025 Growth Drivers**: European order book recovery, Calvin Klein product stabilization, and $500M share buybacks to accelerate EPS growth.
- **Risks**: Near-term margin pressure from Calvin Klein delays (H1), China macro uncertainty, and North America consumer softness.


**【CEO Summary Section】**
- **Global Brand Momentum**: Calvin Klein and Tommy Hilfiger delivered strong 2024 results, with record gross margin (59.4%) and non-GAAP EPS of $11.74, up 10% year-over-year. Europe returned to growth with sequential order book improvements, while Asia Pacific maintained constant currency growth despite macro challenges.
- **North America Profitability**: Combined Calvin and Tommy EBIT margin reached 11.9%, up 350 basis points, driven by disciplined execution and double-digit EBIT margin in North America.
- **2025 Outlook**: Flat to slightly up revenue, flat to up operating margin, with record non-GAAP EPS of $12.40-$12.75. Europe expected to grow low single digits in euros, while North America focuses on maintaining double-digit EBIT margin.

**【CFO Financial Commentary】**
- **2024 Financial Highlights**: $600M free cash flow, $500M share buybacks, and 10% operating margin. Gross margin peaked at 59.4%, supported by cost efficiencies and brand strength.
- **2025 Guidance**: Flat to up revenue, flat to up operating margin. First quarter gross margin expected to decline 250 basis points due to Calvin Klein product delays and G-III transition, but improving sequentially.
- **Cost Optimization**: $200-300M+ operating margin expansion from Growth Driver 5 initiatives, including logistics consolidation and IT modernization.

**【Q&A Key Takeaways】**
- **Europe Recovery**: Quality of sales initiatives (reducing third-party channels, inventory management) drove DTC growth and sequential order book improvements. Fall '25 order books up low single digits.
- **Calvin Klein Transition**: Product delays caused 50bp margin headwind in H1, but Spring '25 product improvements and centralized product kitchen will drive long-term efficiency.
- **North America Inventory**: Focused on core essentials and hero products, with 95% in-stock target for timeless items. Easter timing impacts Q1 but trends stabilize post-March.


Actual																1.88	-3.03	0.13	1.32	-0.38	1.92	2.72	2.67	2.84	1.94	2.08	2.6	2.38	2.25	1.98	2.9	3.72	2.45	3.01	3.03	3.27	2.3	2.52	2.83
Forecast																1.7218	-1.5607	-2.4492	0.242	-0.3564	0.8342	1.2	2.0748	2.0005	1.6059	2.0051	2.179	1.6702	1.9356	1.7566	2.7447	3.5264	2.1655	2.2903	2.6225	3.2122	2.2597	2.0054	2.5401	3.306
Surprise	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	+9.19%	-94.14%	+105.31%	+445.45%	-6.62%	+130.16%	+126.67%	+28.69%	+41.96%	+20.80%	+3.74%	+19.32%	+42.50%	+16.24%	+12.72%	+5.66%	+5.49%	+13.14%	+31.42%	+15.54%	+1.80%	+1.78%	+25.66%	+11.41%	0.00%

Actual	--	--	--	--	--	--	--	--	--	--	--	--	--	--	--	2.60B	1.34B	1.58B	2.12B	2.09B	2.08B	2.31B	2.33B	2.43B	2.12B	2.13B	2.28B	2.49B	2.16B	2.21B	2.36B	2.49B	1.95B	2.07B	2.26B	2.37B	1.98B	2.17B	2.29B	--
Forecast	--	--	--	--	--	--	--	--	--	--	--	--	--	--	--	2.47B	1.36B	1.23B	2.00B	2.11B	1.93B	2.14B	2.41B	2.38B	2.09B	2.21B	2.23B	2.36B	2.12B	2.19B	2.41B	2.42B	1.93B	2.07B	2.22B	2.33B	1.93B	2.12B	2.28B	2.43B
Surprise	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	+5.46%	-1.35%	+28.01%	+6.14%	-1.06%	+7.82%	+7.98%	-3.11%	+2.27%	+1.76%	-3.60%	+2.14%	+5.40%	+1.56%	+0.88%	-1.78%	+2.80%	+0.91%	+0.31%	+1.40%	+1.61%	+2.53%	+2.28%	+0.58%	0.00%

PVH

PVH fundamentals

PVH Q4 2026 Earnings Preview

Earnings Call

You can ask Aime

PVH

PVH fundamentals

PVH Q4 2026 Earnings Preview

Earnings Call

PVH Earnings Call Summary for Q4/2026Upcoming9:00 AM on Apr 1, 2026

PVH Earnings Call Summary for Q3/20269:00 AM on Dec 4, 2025

PVH Earnings Call Summary for Q2/20269:00 AM on Aug 27, 2025

PVH Earnings Call Summary for Q1/20269:00 AM on Jun 5, 2025

PVH Earnings Call Summary for Q4/2025Invalid Date on Apr 1, 2025

You can ask Aime