Overview

• PVH now expects 2025 adjusted EPS of $10.75 to $11.00, down from $12.40 to $12.75 following the new U.S. import tariffs.
• Tariffs are projected to reduce full-year EBIT by about $65 million before planned mitigation measures in the second half of 2025.
• First-quarter adjusted EPS of $2.30 and revenue of $1.98 billion both exceeded Visible Alpha estimates.
• Regional sales rose 7% in the Americas and 5% in EMEA, while Asia-Pacific revenue fell 13% due to China’s weak consumer market and Lunar New Year timing.
• Tommy Hilfiger sales grew 3.4% to $1.05 billion, whereas Calvin Klein revenue remained flat at $886.1 million in Q1 2025.