HighGravityDataPVH — Jun 3, 2026 release
Fiscal 2027 first-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0000078239-26-000034
Showing in the filing
Operating margin (non-GAAP)
“approximately 8.8%”
Period
FY2026
Measure
Company-defined measure
Source
Prose
All guidance in this release · 31
Operating margin (non-GAAP) for FY2026
“approximately 8.8%”
Revenue (constant currency basis) for FY2026
“decrease slightly on a constant currency basis compared to flat to a slight increase previously”
Stock repurchases for FY2026
“at least $300 million”
Tariff rate assumption on goods coming into … for FY2026
“approximately 15%”
Gross tariff impact to EBIT for FY2026
“approximately $195 million”
Tariff refunds related to IEEPA tariffs prev… for Q2 FY2026
“approximately $100 million”
Refunds related to IEEPA tariffs previously … for Q2 FY2027
“approximately $100 million”
Revenue (reported basis) for FY2026
“approximately flat on a reported basis compared to a slight increase previously”
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”
Operating margin - estimated gross tariff im… for FY2026
“approximately 215 basis points”
Operating margin - estimated positive impact… for FY2026
“approximately 100 basis points”
EPS (non-GAAP basis) for FY2026
“$11.80 to $12.10”
EPS - estimated net negative tariff impact (… for FY2026
“approximately $3.30 per share”
EPS - estimated positive impact of tariff re… for FY2026
“approximately $1.70 per share”
EPS - estimated positive impact of foreign c… for FY2026
“approximately $0.40 per share”
Net interest expense for FY2026
“approximately $75 million”
Effective tax rate for FY2026
“22% to 23%”
Revenue for Q2 FY2026
“decrease 3% to 4% compared to the second quarter of 2025 (decrease 4% to 5% on a constant currency basis)”
Revenue (reported basis) for Q2 FY2026
“decrease 3% to 4%”
Revenue (constant currency basis) for Q2 FY2026
“decrease 4% to 5%”
Operating margin (non-GAAP basis) for Q2 FY2026
“approximately 9.5% on a non-GAAP basis, compared to 8.2% on a non-GAAP basis in the second quarter of 2025”
Operating margin (non-GAAP) for Q2 FY2026
“approximately 9.5%”
Operating margin - estimated positive impact… for Q2 FY2026
“approximately 470 basis points”
EPS, Non-GAAP basis for Q2 FY2026
“$3.00 to $3.10”
EPS - estimated positive impact of foreign c… for Q2 FY2026
“approximately $0.05 per share”
Net interest expense for Q2 FY2026
“approximately $18 million”
Effective tax rate for Q2 FY2026
“approximately 22%”
Pre-tax gain in connection with the sale of … for Q2 FY2026
“$25 million”
GAAP revenue decrease for Q2 FY2026
“(3)% to (4)%”
Positive impact of foreign exchange for Q2 FY2026
“1%”
Non-GAAP revenue decrease on a constant curr… for Q2 FY2026
“(4)% to (5)%”
Exhibit 99.1 · the passage around this item
… earlier in the release
REPORTS 2026 FIRST QUARTER RESULTS AND UPDATES FULL YEAR OUTLOOK • Delivered first quarter revenue of $2.0 billion, exceeding guidance on a reported basis and in line with guidance in constant currency • Increased direct-to-consumer revenues by 6% (3% in constant currency) with growth in both stores and e-commerce across Calvin Klein and Tommy Hilfiger • Generated first quarter operating margin at the high end of guidance • Scaled the impact of continued product innovation, growing full hero product categories of denim and underwear for ‘Calvin Klein’ and sweaters and outerwear for ‘TOMMY HILFIGER’ across both stores and e-commerce • Delivered enhanced 360-degree Spring marketing campaigns, with a sharper focus on our power consumer segments, attracting new customers across both brands and all three regions • Elevated the consumer experience across all channels with stepped-up investments in e-commerce, and store and shop-in-shop renovations • Full year earnings outlook now includes the estimated negative prolonged effects of the Middle East conflict together with the offsetting benefit of tariff refunds; updated full year 2026 revenue now projected to be approximately flat and operating margins unchanged at approximately 8.8% on a non-GAAP basis. New York - June 3, 2026 - PVH Corp. [NYSE: PVH] today reported its 2026 first quarter results and updated its 2026 outlook. Stefan Larsson, Chief Executive Officer, commented, “We delivered on our plan and commitments in the first quarter, reflecting our disciplined PVH+ Plan execution and the consumer momentum we are building with our two iconic global brands, Calvin Klein and TOMMY HILFIGER . Importantly, we grew our direct-to-consumer business, with growth in stores and online across both brands. We also grew multiple full hero categories in DTC –– underwear and denim for Calvin and sweaters and outerwear for TOMMY –– as we scale the impact of our stronger product, cut-through campaigns and improved consumer experience. Season by season, we are delivering our long-term growth strategy and expanding our commercial impact.” Larsson continued, "As we look forward, we are balancing two opposing forces: on one side, the increasing brand and business momentum we are driving in both Calvin and TOMMY , and on the other, the prolonged effects of the Middle East conflict, which is putting pressure on the consumer in EMEA. We are adjusting to the moment, while keeping
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.