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 9.5%”
Period
Q2 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
• Effective tax rate is projected to be in a range of 22% to 23%. 4 Second Quarter 2026 Guidance • Revenue: Projected to decrease 3% to 4% compared to the second quarter of 2025 (decrease 4% to 5% on a constant currency basis). • Operating margin: Projected to be 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 on a GAAP basis was 6.1% in the second quarter of 2025. The second quarter operating margin projection includes an estimated positive impact of approximately 470 basis points related to tariff refunds. • EPS: Projected to be in a range of $3.00 to $3.10 on a non-GAAP basis compared to $4.63 on a GAAP basis and $2.52 on a non-GAAP basis in the second quarter of 2025. The second quarter 2026 EPS projection includes an estimated positive impact of approximately $0.05 per share related to foreign currency translation. EPS on a GAAP basis for the second quarter of 2025 included the amounts described under the heading “Non-GAAP Exclusions” later in this release. EPS on a non-GAAP basis for the second quarter of 2025 excluded these amounts. • Net interest expense is projected to decrease to approximately $18 million compared to $22 million in the second quarter of 2025. • Effective tax rate is projected to be approximately 22%. The Company is unable to project full year and second quarter 2026 operating margin and EPS on a GAAP basis without unreasonable efforts as it cannot predict
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.