Overview
- PVH reported quarter results this week showing second‑quarter revenue fell 3% to $2.1 billion while adjusted earnings per share came in at $3.70, beating both company and analyst forecasts.
- The company took a $439 million pre‑tax, noncash valuation charge tied to changing geopolitical and macroeconomic assumptions, which produced a GAAP net loss of $102.9 million despite $107 million in U.S. tariff refunds.
- E‑commerce was a bright spot with online sales up 4% and double‑digit traffic gains for Calvin Klein, gains company executives say were driven by high‑profile collaborations and campaigns.
- Regional results diverged sharply with EMEA sales down about 6% as the Middle East conflict and weak wholesale demand weighed while the Americas and Asia‑Pacific showed relative resilience through DTC growth.
- PVH reaffirmed full‑year revenue guidance, outlined stepped‑up cost and efficiency actions under its PVH Plus plan, and said Alexis Rollier, formerly at Sephora, will join as CFO next week to help drive profitability.