PVH Corp. Q2 2026 Earnings Release

PVH Corp. reported second quarter 2026 results, with revenue at $2.1 billion, meeting guidance. Non-GAAP operating margin exceeded expectations at 11.1%. The company experienced a 3% decrease in revenue year-over-year, totaling $2.097 billion, primarily due to declines in wholesale business across regions, although direct-to-consumer (DTC) and e-commerce revenues saw growth. The company reaffirmed its full-year outlook for revenue, operating margin, and EPS. Key highlights include strong DTC momentum in Americas and APAC, improved EMEA performance, and e-commerce revenue growth of 4%. Calvin Klein and Tommy Hilfiger revenues were in line with expectations. A significant $439 million pre-tax noncash goodwill impairment charge was recorded, impacting GAAP net loss per share to $(2.23), while non-GAAP diluted EPS was $3.70. The company expects to repurchase at least $300 million of its common stock for the full year 2026.