Apparel firm PVH's Q4 revenue beats estimates

PVH

31/03/2026 21:29

Overview

U.S. apparel company's Q4 revenue rose 6%, beating analyst expectations

Non-GAAP EPS for Q4 exceeded company guidance; GAAP EPS negative due to impairment charges

Company completed $560 mln in stock repurchases in 2025, targets at least $300 mln in 2026

Outlook

PVH sees 2026 revenue increasing slightly from 2025

Company expects 2026 non-GAAP operating margin of about 8.8%

PVH forecasts 2026 non-GAAP EPS of $11.80 to $12.10

Result Drivers

TARIFF IMPACT - Higher U.S. tariffs negatively affected gross margin and EPS for FY

BRAND PERFORMANCE - Growth in Calvin Klein and Tommy Hilfiger, supported by product innovation and marketing, drove Q4 revenue gains

WHOLESALE STRENGTH - Americas wholesale business grew in Q4, aided by bringing previously licensed women’s categories in-house

Company press release: ID:nBw9LvZCza

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Beat
$2.51 bln
$2.44 bln (12 Analysts)
Q4 EPS
-$3.46
Q4 Net Income
-$158.3 mln
Q4 EBIT
$248.8 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", 6 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the apparel & accessories peer group is "buy"

Wall Street's median 12-month price target for PVH Corp is $87.00, about 30.7% above its March 30 closing price of $66.56

The stock recently traded at 6 times the next 12-month earnings vs. a P/E of 7 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)