PVH — Mar 31, 2026 release
Fiscal 2026 fourth-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0000078239-26-000020
Showing in the filing
EPS tariff impact
“an estimated net negative impact related to the tariffs for goods coming into the U.S., including a gross impact of approximately $3.30 per share and a partially offsetting impact of planned mitigation actions”
Period
FY2026
Measure
GAAP-tied
Source
Prose
All guidance in this release · 19
DTC growth for FY2026
“Expecting DTC growth for both brands and across all regions for 2026”
Stock repurchases for FY2026
“at least $300 million”
Revenue for FY2026
“increase slightly (flat to increase slightly on a constant currency basis) compared to 2025”
EPS tariff impact for FY2026
“an estimated net negative impact related to the tariffs for goods coming into the U.S., including a gross impact of approximately $3.30 per share and a partially offsetting impact of planned mitigation actions”
Operating margin for FY2026
“Projected to be approximately 8.8% on a non-GAAP basis, flat compared to 8.8% on a non-GAAP basis in 2025.”
Operating margin (non-GAAP basis) for FY2026
“approximately 8.8% on a non-GAAP basis, flat compared to 8.8% on a non-GAAP basis in 2025”
EPS (non-GAAP basis) for FY2026
“$11.80 to $12.10”
EPS foreign currency translation impact for FY2026
“the estimated positive impact of approximately $0.30 per share related to foreign currency translation”
Net interest expense for FY2026
“approximately flat compared to $79 million in 2025”
Effective tax rate for FY2026
“22% to 23%”
Revenue for Q1 FY2026
“increase slightly compared to the first quarter of 2025 (decrease low single-digits on a constant currency basis)”
Operating margin for Q1 FY2026
“Projected to be in a range of 6.0% to 6.5% on a non-GAAP basis”
Operating margin, Non-GAAP basis for Q1 FY2026
“in a range of 6.0% to 6.5%”
Operating margin tariff impact for Q1 FY2026
“an estimated net negative impact related to tariffs on goods coming into the U.S., including a gross impact of approximately 230 basis points and a partially offsetting impact of planned mitigation actions”
EPS, Non-GAAP basis for Q1 FY2026
“$1.65 to $1.80”
EPS tariff impact for Q1 FY2026
“an estimated net negative impact related to tariffs for goods coming into the U.S., including a gross impact of approximately $0.80 per share and a partially offsetting impact of planned mitigation actions”
EPS foreign currency translation impact for Q1 FY2026
“the estimated positive impact of approximately $0.20 per share related to foreign currency translation”
Net interest expense for Q1 FY2026
“approximately $20 million compared to $17 million in the first quarter of 2025”
Effective tax rate for Q1 FY2026
“approximately 22%”
Exhibit 99.1 · the passage around this item
… earlier in the release
Outlook includes: ▪ an estimated net negative impact related to the tariffs on goods coming into the U.S., including a gross impact of approximately 215 basis points and a partially offsetting impact of planned mitigation actions ◦ EPS: Projected to be in a range of $11.80 to $12.10 on a non-GAAP basis. Outlook includes: ▪ an estimated net negative impact related to the tariffs for goods coming into the U.S., including a gross impact of approximately $3.30 per share and a partially offsetting impact of planned mitigation actions ▪ an estimated positive impact of approximately $0.30 per share related to foreign currency translation • Completed over $560 million stock repurchases during 2025, principally through accelerated share repurchase agreements, and planning at least $300 million stock repurchases in 2026. Non-GAAP Amounts: Amounts stated to be on a non-GAAP basis exclude the items that are defined or described in greater detail near the end of this release under the heading “Non-GAAP Exclusions”. Amounts stated on a constant currency basis also are deemed to be on a non-GAAP basis. Reconciliations of amounts on a GAAP basis to amounts on a non-GAAP basis are presented after the Non-GAAP Exclusions section and identify and quantify all excluded items. 2 Fourth Quarter Review: • Revenue of $2.505 billion increased 6% compared to $2.372 billion in the prior year period (flat on a constant currency basis). Revenue performance for the Company's reportable segments in the fourth quarter compared to the prior year period was as follows: ◦ EMEA revenue increased 8% compared to the prior year period (decreased 3% on a constant currency basis). The decrease in revenue on a constant currency basis was driven b
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.