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
GAAP revenue decrease
“(3)% to (4)%”
Period
Q2 FY2026
Measure
GAAP-tied
Source
Guidance table
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
GAAP Revenue % Change Quarter Ended GAAP Positive Impact of Foreign Exchange Constant Currency 5/3/26 5/4/25 Total Revenue $ 2,025.1 $ 1,983.6 2.1 % 4.4 % (2.3) % EMEA $ 946.1 $ 927.7 2.0 % 7.3 % (5.3) % Americas 602.9 608.4 (0.9) % 0.8 % (1.7) % APAC 387.0 351.7 10.0 % 4.2 % 5.8 % Tommy Hilfiger $ 1,077.3 $ 1,048.1 2.8 % 4.8 % (2.0) % Calvin Klein 895.2 886.1 1.0 % 3.9 % (2.9) % Owned and Operated Stores $ 698.9 $ 663.0 5.4 % 3.7 % 1.7 % Owned and Operated Digital Commerce 170.1 153.5 10.8 % 4.4 % 6.4 % Total Direct-to-Consumer $ 869.0 $ 816.5 6.4 % 3.9 % 2.5 % Wholesale $ 1,067.0 $ 1,071.3 (0.4) % 5.1 % (5.5) % 16 PVH CORP. Full Year and Quarterly Reconciliations of GAAP to Non-GAAP Amounts Reconciliation of Constant Currency Revenue Guidance Second Quarter 2026 (Estimated) GAAP revenue decrease (3)% to (4)% Positive impact of foreign exchange 1% Non-GAAP revenue decrease on a constant currency basis (4)% to (5)% Please refer to the section entitled "Reconciliations of Constant Currency Revenue on page 16 of this release for a description of the presentation of constant currency amounts. Reconciliations of GAAP Diluted Net Income Per Common Share to Diluted Net Income Per Common Share on a Non-GAAP Basis Full Year 2025 Second Quarter 2025 (Actual) (Actual) (In millions, except per share data) Results Under GAAP Adjustments (1) Non-GAAP Results Results Under GAAP Adjustments (2) Non-GAAP Results Net income $ 25.3 $ 527.9 $ 553.2 $ 224.2 $ 102.0 $ 122.2 Total weighted average shares 48.5 48.5 48.5 48.5 Diluted net income per common share $ 0.52 $ 11.40 $ 4.63 $ 2.52 (1) Represents the impact on net income in the year ended February 1, 2026 from the elimination of (i) the $13 million recognized actuarial gain on retirement plans; (ii) the $93 million restructuring costs related to the Growth Driver 5 Actions; (iii) the $480 million noncash goodwill and other intangible asset impairment charges; and (iv) a $32 million tax benefit associated with the foregoing pre-tax items.
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.