PVH beats Q1 non-GAAP EPS at $2.01, lowers full-year revenue to flat on Middle East headwinds

PVH CORP. /DE/

Q1 revenue $2.025B (+2% reported, -2% constant currency); non-GAAP EPS $2.01 vs guidance $1.65-$1.80.
Full-year revenue guidance lowered to approximately flat (previously slight increase); non-GAAP op margin reaffirmed at 8.8%.
Full-year includes estimated $100M tariff refund (Q2) to offset prolonged Middle East conflict impact on EMEA.
Direct-to-consumer revenue +6% reported (+3% constant currency); inventory -5% to $1.51B.
Q2 guidance: revenue -3% to -4%, non-GAAP EPS $3.00-$3.10; at least $300M share repurchase expected in FY26.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

PVH CORP. /DE/ reported first quarter 2026 results: revenue $2.025 billion, EPS $2.01. Guidance reaffirmed.

Period: first quarter 2026
Revenue: $2.025 billion
EPS: $2.01
Guidance: reaffirmed
Result: reported results

Exact text from the filing

high-value brand-accretive investments to support the long-term growth of Calvin Klein and TOMMY HILFIGER .” 1 Key Highlights • First quarter: ◦ Revenue: Increased 2% to $2.025 billion compared to the prior year period and exceeded guidance of a slight increase. Decreased 2% on a constant currency basis, in line with guidance of a low single-digit decrease. ◦

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Source: SEC EDGAR

accession 0000078239-26-000034

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