HighGravityDataPVH — Sep 2, 2026 release
Fiscal 2027 second-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0000078239-26-000055
Showing in the filing
Net interest expense
“approximately $18 million compared to $21 million in the prior year period”
Period
Q3 FY2026
Measure
GAAP-tied
Source
Prose
All guidance in this release · 18
Operating margin (non-GAAP) for FY2026
“approximately 8.8% on a non-GAAP basis”
EPS (non-GAAP) for FY2026
“$11.80 to $12.10 on a non-GAAP basis”
Stock repurchases for FY2026
“at least $300 million”
Revenue growth (constant currency basis) for FY2026
“decrease slightly on a constant currency basis”
Operating margin (non-GAAP basis) for FY2026
“approximately 8.8% on a non-GAAP basis, flat compared to 8.8% in the prior year”
EPS (non-GAAP basis) for FY2026
“$11.80 to $12.10 on a non-GAAP basis compared to $11.40 on a non-GAAP basis in the prior year”
EPS foreign currency translation impact for FY2026
“approximately $0.40 per share”
Net interest expense for FY2026
“approximately $70 million compared to $79 million in the prior year period”
Effective tax rate (non-GAAP) for FY2026
“in a range of 22% to 23% on a non-GAAP basis”
Effective tax rate (non-GAAP basis) for FY2026
“22% to 23% on a non-GAAP basis compared to 22.2% on a non-GAAP basis in the prior year period”
Operating margin (non-GAAP basis) for Q3 FY2026
“approximately 7.5% on a non-GAAP basis, compared to 8.8% on a non-GAAP basis in the prior year period”
Operating margin (non-GAAP) for Q3 FY2026
“approximately 7.5% on a non-GAAP basis”
EPS (non-GAAP basis) for Q3 FY2026
“$2.50 to $2.65 on a non-GAAP basis compared to $2.83 on a non-GAAP basis in the prior year period”
EPS (non-GAAP) for Q3 FY2026
“$2.50 to $2.65 on a non-GAAP basis”
EPS foreign currency translation impact for Q3 FY2026
“approximately $0.05 per share”
Net interest expense for Q3 FY2026
“approximately $18 million compared to $21 million in the prior year period”
Effective tax rate (non-GAAP basis) for Q3 FY2026
“approximately 22.0% on a non-GAAP basis compared to 25.5% on a non-GAAP basis in the prior year period”
Effective tax rate (non-GAAP) for Q3 FY2026
“approximately 22.0% on a non-GAAP basis”
Exhibit 99.1 · the passage around this item
… earlier in the release
The third 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 includes the applicable amounts described under “Non-GAAP Exclusions” later in this release, which are excluded from non-GAAP EPS. • Net interest expense is projected to decrease to approximately $18 million compared to $21 million in the prior year period. • Effective tax rate is projected to be approximately 22.0% on a non-GAAP basis compared to 25.5% on a non-GAAP basis in the prior year period. Effective tax rate on a GAAP basis was 97.4% in the prior year period. The Company is unable to project full year and third quarter 2026 operating margin, EPS, and effective tax rate on a GAAP basis without unreasonable efforts as it cannot predict or estimate with reasonable certainty whether or when certain items affecting a reconciliation will occur or the amounts of such items . As such, the Company is unable to provide a full reconciliation of its full year and third quarter 2026 operating margin, EPS, and effective tax rate guidance on a non-GAAP basis to the corresponding measures on a GAAP basis. Please see the section entitled “Full Year and Quarterly Reconciliations of GAAP to Non-GAAP Amounts” at the end of this release for further detail and reconciliations of GAAP to non-GAAP amounts discussed in this section. Non-GAAP Exclusions: The discussions in this release that refer to non-GAAP amounts exclude the following: • Pre-tax noncash goodwill impairment charge of $439 million recorded in the second quarter of 2026, which was p
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.