PVH — Aug 26, 2025 release
Fiscal 2026 second-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0000078239-25-000066
Showing in the filing
Stock repurchases
“currently does not expect to make during the remainder of 2025, any payments to repurchase its common stock”
Period
FY2025
Measure
Declared action
Source
Prose
All guidance in this release · 18
Operating margin for FY2025
“approximately 8.5% on a non-GAAP basis”
EPS for FY2025
“a range of $10.75 to $11.00 on a non-GAAP basis”
EPS - tariff impact for FY2025
“an unmitigated impact of approximately $1.15 per share compared to approximately $1.05 previously”
Stock repurchases for FY2025
“currently does not expect to make during the remainder of 2025, any payments to repurchase its common stock”
Revenue (constant currency) for FY2025
“Reaffirming outlook of flat to increase slightly on a constant currency basis”
Operating margin (non-GAAP basis) for FY2025
“approximately 8.5%”
EPS, Non-GAAP basis for FY2025
“$10.75 to $11.00”
EPS foreign currency translation impact for FY2025
“the estimated positive impact of approximately $0.45 per share related to foreign currency translation compared to approximately $0.10 previously”
Interest expense for FY2025
“approximately $80 million compared to $67 million in 2024”
Effective tax rate (non-GAAP basis) for FY2025
“approximately 22%”
Revenue for Q3 FY2025
“flat to increase slightly compared to the third quarter of 2024 (decrease slightly on a constant currency basis)”
Revenue (constant currency) for Q3 FY2025
“decrease slightly on a constant currency basis”
EPS for Q3 FY2025
“Projected to be in a range of $2.35 to $2.50 on a non-GAAP basis”
EPS, Non-GAAP basis for Q3 FY2025
“$2.35 to $2.50”
EPS - tariff impact for Q3 FY2025
“an unmitigated impact of approximately $0.25 per share”
EPS - foreign currency translation impact for Q3 FY2025
“the estimated positive impact of approximately $0.10 per share related to foreign currency translation”
Interest expense for Q3 FY2025
“approximately $22 million compared to $16 million in the third quarter of 2024”
Effective tax rate (non-GAAP basis) for Q3 FY2025
“approximately 25%”
Exhibit 99.1 · the passage around this item
… earlier in the release
Stock Repurchase Program: Delivering on its commitment under the PVH+ Plan to return excess cash to stockholders, the Company made $561 million of purchases in the first quarter through accelerated share repurchase (“ASR”) agreements and open market purchases. The Company did not make during the second quarter of 2025, and currently does not expect to make during the remainder of 2025, any payments to repurchase its common stock. The number of shares of common stock repurchased for the full year 2025 is subject to the final settlement under the ASR agreements, which is expected to occur during the third quarter of 2025. 2025 Outlook: The Company’s 2025 outlook reflects an estimated net negative impact related to the tariffs currently in place for goods coming into the U.S., including an approximately $70 million unmitigated impact to full year 2025 EBIT, or approximately $1.15 per share, and a partially offsetting impact of planned mitigation actions which will primarily take effect in the second half of 2025. There is significant uncertainty with respect to global trade policies, including the potential for increases in tariffs, and the related impact on the broader macroeconomic environment and, as such, the Company’s 2025 outlook could be subject to significant material change. 3 Full Year 2025 Guidance • Revenue: Projected to increase slightly to low single-digits compared to flat to increase slightly previously. Reaffirming outlook of flat to increase slightly on a constant currency basis. • Operating margin: Reaffirming outlook of approximately 8.5% on a non-GAAP basis compared to 8.9% on a GAAP bas
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.