PVH Corp. reported second quarter 2025 results with total revenue increasing 4% on a reported basis to $2.17 billion, and 1% in constant currency, exceeding guidance. The company's adjusted earnings per share (EPS) for the quarter was $2.52, significantly beating the analyst estimate of $2.00.
Stefan Larsson, CEO, highlighted disciplined execution of the PVH+ Plan, strong brand strength of Calvin Klein and Tommy Hilfiger, and better-than-expected non-GAAP EBIT margins. This performance indicates effective management amidst a challenging environment.
PVH reaffirmed its fiscal year 2025 EPS outlook in the range of $10.75 to $11.00. However, the estimated unmitigated impact from tariffs for goods coming into the U.S. increased to approximately $1.15 per share, up from $1.05 previously, indicating persistent external pressures.
Regionally, EMEA revenue increased 3% reported, Americas saw an 11% increase driven by wholesale growth, and APAC revenue declined 1% reported but showed sequential improvement. The company's diversified global footprint continues to be a key strength.
The company's ability to exceed revenue and earnings guidance while absorbing increased tariff impacts underscores its operational resilience. Strategic investments in marketing and product innovation are expected to drive further momentum in the second half of the year.
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