Overview
- Second-quarter revenue rose 4% to $2.17 billion, prompting the company to lift its full-year sales outlook to low single-digit growth.
- Adjusted EPS was $2.52 for the quarter, and PVH reaffirmed full-year adjusted EPS guidance of $10.75 to $11.00.
- The company maintained an 8.5% full-year operating margin outlook and now projects a $70 million tariff impact before mitigation.
- Calvin Klein revenue increased 5% on strength in underwear and denim, with Cotton Stretch styles up 14% following the Bad Bunny campaign.
- Tommy Hilfiger revenue grew 4% on campaigns tied to the F1 movie and a new multiyear apparel partnership with the Cadillac Formula 1 Team, while regional results were led by 11% growth in the Americas and a 1% decline in Asia Pacific.