Overview

* PVH Q2 revenue rises 4% to $2.167 bln, exceeding company's guidance

* Non-GAAP EPS of $2.52 beats company guidance of $1.85 to $2.00

* Co reaffirms full-year non-GAAP earnings outlook

Outlook

* PVH raises full-year revenue outlook to increase slightly to low single-digits

* PVH reaffirms full-year non-GAAP EPS outlook of $10.75 to $11.00

* Company sees full-year operating margin at approximately 8.5% non-GAAP

* Company expects $1.15/share negative impact from U.S. tariffs in 2025

Result Drivers

* BRAND STRENGTH - Calvin Klein and Tommy Hilfiger brands drove revenue growth through strategic marketing and product innovation

* WHOLESALE SHIFT - Americas revenue boosted by transition of women's product categories in-house and timing shifts in wholesale shipments

* PROMOTIONAL IMPACT - Gross margin decline due to increased promotional environment and higher tariffs

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 $2.17

Revenue bln

Q2 $2.52

Adjusted

EPS

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", 6 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the apparel & accessories peer group is "buy"

* Wall Street's median 12-month price target for PVH Corp ( PVH ) is $82.00, about 0.5% above its August 25 closing price of $81.60

* The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 6 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)