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
Stock repurchases
“at least $300 million”
Period
FY2026
Measure
Declared action
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
The effective tax rate on a non-GAAP basis for the first quarter of 2025 excluded this impact. Stock Repurchase Program: The Company did not make any common stock repurchases under the stock repurchase program during the first quarter of 2026. The Company currently expects to repurchase at least $300 million of shares of its common stock for the full year 2026. 2026 Outlook: The Company is updating its full year 2026 outlook. The Company’s operating margin outlook is unchanged at approximately 8.8%, but now includes offsetting impacts from the benefit of tariff refunds and the estimated negative prolonged effects from the conflict in the Middle East and its broader macroeconomic pressures. The Company is also updating its revenue outlook to reflect the impact of the challenging macro environment on its EMEA business. The Company continues to expect growth in its Americas and APAC businesses. The Company’s tariff outlook continues to assume a negative impact related to a full year blended rate of approximately 15% tariffs on goods coming into the U.S., including an approximately $195 million gross impact to full year 2026 EBIT, or approximately $3.30 per share, and a partially offsetting impact of planned mitigation actions, which is unchanged. The Company’s outlook has been updated to reflect approximately $100 million of refunds related to IEEPA tariffs previously paid, which is currently expected to be recognized in the second quarter. Full Year 2026 Guidance • Revenue: Projected to
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.