earnings
confidence high
sentiment positive
materiality 0.80
PVH Q2 2026: Revenue $2.1B (-3%); non-GAAP EPS $3.70 beats guidance; new CFO named
PVH CORP. /DE/
- Q2 revenue $2.097B (-3% YoY); constant currency -3%, beating guidance of -4% to -5%.
- Non-GAAP EPS $3.70 vs $2.52 prior year; beat guidance of $3.00-$3.10. GAAP EPS $(2.23) on $439M goodwill impairment.
- Non-GAAP operating margin 11.1% vs 8.2% last year, beating ~9.5% guidance; gross margin 63.0% includes 510bps tariff-refund benefit.
- Reaffirms FY26 guidance: revenue ~flat, non-GAAP EPS $11.80-$12.10 (vs $11.40 prior year); Q3 EPS guided $2.50-$2.65 (vs $2.83).
- Appoints Alexis Rollier (ex-Sephora CFO/COO) as new CFO; Melissa Stone remains interim CFO until he assumes the role.