earnings
confidence high
sentiment negative
materiality 0.80
PVH Q1 revenue beats guidance; non-GAAP EPS $2.30 above high end; full-year outlook cut on tariffs and macro uncertainty
PVH CORP. /DE/
2025-Q1 EPS reported
-$0.88
revenue$1,983,600,000
- Revenue $1.984B (+2% YoY); GAAP EPS $(0.88) includes $480M goodwill/intangibles impairment.
- Non-GAAP EPS $2.30 beat guidance of $2.10-$2.25; non-GAAP EBIT $160M vs $195M last year.
- Full-year non-GAAP EPS guidance cut to $10.75-$11.00 from $12.40-$12.75; operating margin lowered to ~8.5%.
- Tariffs estimated to have ~$1.05/share unmitigated impact; mitigation actions to take effect in H2 2025.
- Entered $500M ASR in April; repurchased 5.4M shares in Q1; no further share repurchases expected in 2025.
item 2.02item 9.01