Tommy Hilfiger parent PVH posts rise in Q2 revenue; raises annual outlook

PVH

26/08/2025 21:24

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    Overview
  
    * PVH Q2 revenue rises 4% to $2.167 bln, exceeding company's guidance
    * Non-GAAP EPS of $2.52 beats company guidance of $1.85 to $2.00
    * Co reaffirms full-year non-GAAP earnings outlook 

    
    Outlook
  
    * PVH raises full-year revenue outlook to increase slightly to low single-digits
    * PVH reaffirms full-year non-GAAP EPS outlook of $10.75 to $11.00
    * Company sees full-year operating margin at approximately 8.5% non-GAAP
    * Company expects $1.15/share negative impact from U.S. tariffs in 2025

    
    Result Drivers
  
    * BRAND STRENGTH - Calvin Klein and Tommy Hilfiger brands drove revenue growth through strategic marketing and product innovation
    * WHOLESALE SHIFT - Americas revenue boosted by transition of women's product categories in-house and timing shifts in wholesale shipments
    * PROMOTIONAL IMPACT - Gross margin decline due to increased promotional environment and higher tariffs

    
    Key Details
  
                               
                               
 Metric    Beat/Mis  Actual    Consensu
           s                   s
                               Estimate
                               
                               
 Q2                  $2.17      
 Revenue             bln       
 Q2                  $2.52      
 Adjusted                      
 EPS                           
    
    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 $82.00, about 0.5% above its August 25 closing price of $81.60
    * The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 6 three months ago

    Press Release:  ID:nBw6bcDTTa 

(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.)