📈 Price History

Ratio Health

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By Category

📊 Sector Averages

About

PVH Corp., together with its subsidiaries, operates as an apparel company in the United States and internationally. The company operates through Tommy Hilfiger North America, Tommy Hilfiger International, Calvin Klein North America, Calvin Klein International, and Heritage Brands Wholesale segments. It designs and markets men’s, women’s, and children’s branded apparel, footwear and accessories, underwear, home furnishings, luggage, dresses, suits and swimwear, activewear, sportswear, socks and accessories, outerwear, golf products, watches and jewelry, eyeglasses and non-ophthalmic sunglasses, jeans wear, performance apparel, intimate apparel, dress shirts, handbags, fragrance, small leather goods, and other related products. The company offers its products under its own brands, such as TOMMY HILFIGER, TOMMY JEANS, Calvin Klein, Calvin Klein Jeans, Calvin Klein Underwear, Calvin Klein collection, and Calvin Klein sport, as well as various other owned, licensed, and private label brands. It distributes its products at wholesale in department, chain, and specialty stores; through warehouse clubs, mass market, and off-price and independent retailers; and through company-operated full-price, outlet stores, and concession locations; and through digital commerce sites. PVH Corp. was formerly known as Phillips-Van Heusen Corporation and changed its name to PVH Corp. in June 2011. The company was founded in 1881 and is based in New York, New York.

Key Ratios Snapshot

📈 Growth Pattern

⚡ Latest Quarter —

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📊 Quick Scorecard

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⭐ Superinvestors Holding PVH

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Manager	Shares	Value	% of Fund	Period
Steve Cohen Point72 Asset Management	11.3K	$791K	0.00%	Mar 2026

SEC Form 13F data. 45-day lag from quarter end.

🔍 Concall Decoded

🎙 Management Tone Tracker Confident Specific → Stable 4 quarters analysed

Q2 2026

Confident Specific

Management used strong language like 'beat our guidance', 'exceeded expectations', and 'we are reaffirming our guidance' to describe Q2 performance and outlook. They provided specific numbers (e.g., 4% revenue growth, 8.2% operating margin, $2.52 EPS) and detailed strategic initiatives, projecting control despite tariff challenges.

Q3 2026

Mixed

The CEO opened by stating they exceeded guidance on revenue, operating profit, and EPS, and reaffirmed full-year guidance, but later detailed headwinds in Europe due to a muted consumer backdrop and transitory Calvin Klein product challenges. The CFO described the consumer backdrop as 'choppy' and noted tariffs as a significant headwind, while also highlighting sequential improvement in operating margins.

Q4 2026

Mixed

The CEO repeatedly highlighted exceeding guidance and strong progress, but also acknowledged an uneven macro environment and cautious wholesale partners. Specific figures were provided, yet forward guidance was tempered with tariff headwinds and uncertainty.

Q1 2027 latest

Confident Specific

Management repeatedly stated they delivered on all guidance metrics, including EPS above guidance, and provided specific numbers (e.g., 2% revenue growth, 3% D2C constant currency growth, 6.5% operating margin). They directly addressed the Middle East conflict headwinds with quantified impacts (approximately half direct/half indirect) and updated guidance accordingly, showing control.

Guidance Reliability Pending · <3Q data

Investor Lens

The investment thesis is mixed after this call. On the positive side, underlying brand momentum in Calvin and Tommy is visible across D2C and e-commerce, with strong category growth and marketing cut-through. The company delivered Q1 guidance and maintained full-year EPS and EBIT margin guidance through tariff refund offsets, showing cost discipline. However, the prolonged Middle East conflict is a material headwind to the EMEA region (roughly half of revenue), and management's prudent outlook suggests uncertainty. The reliance on one-time tariff refunds to protect margins is a short-term fix. Investors should watch EMEA D2C trends in the coming months, the sustainability of tariff refund realization, and whether Americas/APAC growth can fully offset European weakness. The raised marketing spend signals long-term confidence, but top-line stagnation and geopolitical risks keep the thesis cautious.

AI-generated concall tone analysis · Updated 2026-06-08 · Not investment advice

🎙 Management Tone Confident Specific → Stable 4 quarters Full tone analysis in Intelligence →

📊 MIXED PVH Q1 revenue $2B, EPS $2.01; EMEA outlook cut due to Middle East conflict.

Revenue & Profitability

Revenue was $2 billion, EPS was $2.01, and operating income was $131 million. Gross margin was 58.6%, flat year-over-year. SG&A as a percentage of revenue increased 160 basis points to 52.1%, including a 70 basis point increase in marketing. The effective tax rate was approximately 19%, and interest expense was $16 million.

Outlook

Management highlighted a challenging consumer and macroeconomic environment in EMEA due to the prolonged Middle East conflict, which is pressuring wholesale demand in the Middle East, business in Turkey, and broader European consumer spending. In contrast, the Americas and Asia Pacific regions are expected to grow. Full-year reported revenue is now expected to be flat (down slightly in constant currency), with operating margin guidance unchanged at 8.8%.

Growth Drivers

Key growth levers include D2C and e-commerce expansion across all regions, with e-commerce up mid-single digits globally in Q1. In Calvin Klein, underwear grew mid-single digits and denim grew double digits in D2C. In Tommy Hilfiger, core categories like sweaters and outerwear grew double digits. The company plans to sustain growth in Americas and APAC while driving e-commerce strength in EMEA.

Balance Sheet & CapEx

Capital spending is projected at $250 million for the full year, focused on investments in e-commerce as well as store and shop-in-shop renovations. The company completed more than 140 refurbishments and new store openings globally in Q1, and continues to upgrade its store concepts for both Calvin Klein and Tommy Hilfiger.

Margins

Q1 gross margin was stable at 58.6%, with year-over-year improvement in all regions excluding tariffs. The full-year operating margin is expected to be 8.8%, including a $100 million benefit from tariff refunds (100 basis points) and the negative impact of the Middle East conflict. SG&A deleverage is expected due to lower revenue, but the company is working on efficiencies. Q2 operating margin is guided at approximately 9.5%.

Key Risks

Management flagged the prolonged Middle East conflict as the primary risk, directly impacting wholesale in the Middle East, the business in Turkey, and broader European consumer spending. Other risks include tariffs (though refunds partially offset) and macro headwinds in Australia (high fuel prices, interest rates). The company expects these impacts to continue through Q2 and the second half of 2026.

Generated by AI · Q1 2027 results · Not investment advice

✓ 📞 Earnings Call Transcripts (5 quarters) submit a missing quarter

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📞 Earnings Call Transcripts (5)

Q1 2027 Q1 2027 2026-06-04

Q1 delivered revenue and EPS above guidance, with strong D2C and e-commerce growth offsetting EMEA headwinds from the Middle East conflict. Full-year outlook revised to flat revenue, but EBIT margin and EPS guidance reaffirmed, supported by tariff refunds and disciplined capital allocation.

Q4 2026 Q4 2026 2026-04-01

Q4 and full year 2025 results exceeded expectations, with revenue and EPS growth despite tariff headwinds. 2026 guidance calls for slight revenue growth, stable operating margin, and continued investment in marketing and digital, with at least $300 million in share repurchases planned.

Q3 2026 Q3 2026 2025-12-04

Q3 results exceeded expectations with revenue of $2.3B, strong digital growth, and improved SG&A efficiency. Full-year guidance was narrowed to the high end, despite tariff and consumer headwinds, with continued investment in brand innovation and marketing.

Q2 2026 Q2 2026 2025-08-27

Revenue grew 4% reported and 1% constant currency, beating guidance, with strong brand momentum in Calvin Klein and Tommy Hilfiger. Full-year guidance was reaffirmed despite a $70M EBIT tariff impact, and strategic marketing and operational improvements are driving performance.

Q1 2026 Q1 2026 2025-06-05

Revenue and EPS exceeded guidance, driven by strong wholesale and e-commerce, but gross margin declined due to higher promotions and operational challenges. Full-year revenue guidance is reaffirmed, but EBIT margin and EPS are lowered amid macro headwinds and tariffs.

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