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Guidance history, every release

PVH (PVH) · 8 releases, Dec 4, 2024 to Sep 2, 2026 · rows are metrics, columns are releases

Raised · a change from the previous releaseSame · restated unchanged— · not stated in that releaseEvery value links to its sentence in the filing

Metric	Dec 4, 2024 FY25 Q3	Mar 31, 2025 FY25 Q4	Jun 4, 2025 FY26 Q1	Aug 26, 2025 FY26 Q2	Dec 3, 2025 FY26 Q3	Mar 31, 2026 FY26 Q4	Jun 3, 2026 FY27 Q1	Sep 2, 2026 FY27 Q2
For FY2027
Refunds related to IEEPA tariffs previously paid	—	—	—	—	—	—	New“approximately $100 million”	—
For FY2026
GAAP revenue decrease	—	—	—	—	—	—	New“(3)% to (4)%”	—
Non-GAAP revenue decrease on a constant currency basis	—	—	—	—	—	—	New“(4)% to (5)%”	—
Revenue	—	—	—	—	—	—	New“decrease 3% to 4% compared to the second quarter of 2025 (decrease 4% to 5% on a constant currency basis)”	—
Revenue	—	—	—	—	—	New“increase slightly (flat to increase slightly on a constant currency basis) compared to 2025”	—	—
Revenue	—	—	—	—	—	New“increase slightly compared to the first quarter of 2025 (decrease low single-digits on a constant currency basis)”	—	—
Revenue (constant currency basis)	—	—	—	—	—	—	New“decrease slightly on a constant currency basis compared to flat to a slight increase previously”	—
Revenue (constant currency basis)	—	—	—	—	—	—	New“decrease 4% to 5%”	—
Revenue (reported basis)	—	—	—	—	—	—	New“approximately flat on a reported basis compared to a slight increase previously”	—
Revenue (reported basis)	—	—	—	—	—	—	New“decrease 3% to 4%”	—
Revenue growth (constant currency basis)	—	—	—	—	—	—	—	New“decrease slightly on a constant currency basis”
EPS - estimated net negative tariff impact (gross)	—	—	—	—	—	—	New“approximately $3.30 per share”	—
EPS - estimated positive impact of foreign currency translation	—	—	—	—	—	—	New“approximately $0.40 per share”	—
EPS - estimated positive impact of foreign currency translation	—	—	—	—	—	—	New“approximately $0.05 per share”	—
EPS - estimated positive impact of tariff refunds	—	—	—	—	—	—	New“approximately $1.70 per share”	—
EPS (non-GAAP basis)	—	—	—	—	—	New“$11.80 to $12.10”	Reiterated“$11.80 to $12.10”	Changed“$11.80 to $12.10 on a non-GAAP basis compared to $11.40 on a non-GAAP basis in the prior year”
EPS (non-GAAP basis)	—	—	—	—	—	—	—	New“$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)	—	—	—	—	—	—	—	New“$11.80 to $12.10 on a non-GAAP basis”
EPS (non-GAAP)	—	—	—	—	—	—	—	New“$2.50 to $2.65 on a non-GAAP basis”
EPS foreign currency translation impact	—	—	—	—	—	New“the estimated positive impact of approximately $0.30 per share related to foreign currency translation”	—	Raised“approximately $0.40 per share”
EPS foreign currency translation impact	—	—	—	—	—	—	—	New“approximately $0.05 per share”
EPS foreign currency translation impact	—	—	—	—	—	New“the estimated positive impact of approximately $0.20 per share related to foreign currency translation”	—	—
EPS tariff impact	—	—	—	—	—	New“an estimated net negative impact related to the tariffs for goods coming into the U.S., including a gross impact of approximately $3.30 per share and a partially offsetting impact of planned mitigation actions”	—	—
EPS tariff impact	—	—	—	—	—	New“an estimated net negative impact related to tariffs for goods coming into the U.S., including a gross impact of approximately $0.80 per share and a partially offsetting impact of planned mitigation actions”	—	—
EPS, Non-GAAP basis	—	—	—	—	—	—	New“$3.00 to $3.10”	—
EPS, Non-GAAP basis	—	—	—	—	—	New“$1.65 to $1.80”	—	—
Operating margin	—	—	—	—	—	New“Projected to be approximately 8.8% on a non-GAAP basis, flat compared to 8.8% on a non-GAAP basis in 2025.”	—	—
Operating margin	—	—	—	—	—	New“Projected to be in a range of 6.0% to 6.5% on a non-GAAP basis”	—	—
Operating margin - estimated gross tariff impact	—	—	—	—	—	—	New“approximately 215 basis points”	—
Operating margin - estimated positive impact of tariff refunds	—	—	—	—	—	—	New“approximately 100 basis points”	—
Operating margin - estimated positive impact of tariff refunds	—	—	—	—	—	—	New“approximately 470 basis points”	—
Operating margin (non-GAAP basis)	—	—	—	—	—	New“approximately 8.8% on a non-GAAP basis, flat compared to 8.8% on a non-GAAP basis in 2025”	Reiterated“approximately 8.8% on a non-GAAP basis, flat compared to 8.8% on a non-GAAP basis in 2025”	Changed“approximately 8.8% on a non-GAAP basis, flat compared to 8.8% in the prior year”
Operating margin (non-GAAP basis)	—	—	—	—	—	—	—	New“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 basis)	—	—	—	—	—	—	New“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)	—	—	—	—	—	—	New“approximately 8.8%”	Reiterated“approximately 8.8% on a non-GAAP basis”
Operating margin (non-GAAP)	—	—	—	—	—	—	—	New“approximately 7.5% on a non-GAAP basis”
Operating margin (non-GAAP)	—	—	—	—	—	—	New“approximately 9.5%”	—
Operating margin tariff impact	—	—	—	—	—	New“an estimated net negative impact related to tariffs on goods coming into the U.S., including a gross impact of approximately 230 basis points and a partially offsetting impact of planned mitigation actions”	—	—
Operating margin, Non-GAAP basis	—	—	—	—	—	New“in a range of 6.0% to 6.5%”	—	—
DTC growth	—	—	—	—	—	New“Expecting DTC growth for both brands and across all regions for 2026”	—	—
Effective tax rate	—	—	—	—	—	New“22% to 23%”	Reiterated“22% to 23%”	—
Effective tax rate	—	—	—	—	—	—	New“approximately 22%”	—
Effective tax rate	—	—	—	—	—	New“approximately 22%”	—	—
Effective tax rate (non-GAAP basis)	—	—	—	—	—	—	—	New“22% to 23% on a non-GAAP basis compared to 22.2% on a non-GAAP basis in the prior year period”
Effective tax rate (non-GAAP basis)	—	—	—	—	—	—	—	New“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)	—	—	—	—	—	—	—	New“in a range of 22% to 23% on a non-GAAP basis”
Effective tax rate (non-GAAP)	—	—	—	—	—	—	—	New“approximately 22.0% on a non-GAAP basis”
Gross tariff impact to EBIT	—	—	—	—	—	—	New“approximately $195 million”	—
Net interest expense	—	—	—	—	—	New“approximately flat compared to $79 million in 2025”	Changed“approximately $75 million”	Widened“approximately $70 million compared to $79 million in the prior year period”
Net interest expense	—	—	—	—	—	—	—	New“approximately $18 million compared to $21 million in the prior year period”
Net interest expense	—	—	—	—	—	—	New“approximately $18 million”	—
Net interest expense	—	—	—	—	—	New“approximately $20 million compared to $17 million in the first quarter of 2025”	—	—
Positive impact of foreign exchange	—	—	—	—	—	—	New“1%”	—
Pre-tax gain in connection with the sale of its owned warehouse and distribution center	—	—	—	—	—	—	New“$25 million”	—
Stock repurchases	—	—	—	—	—	New“at least $300 million”	Reiterated“at least $300 million”	Reiterated“at least $300 million”
Tariff rate assumption on goods coming into the U.S.	—	—	—	—	—	—	New“approximately 15%”	—
Tariff refunds related to IEEPA tariffs previously paid	—	—	—	—	—	—	New“approximately $100 million”	—
For FY2025
GAAP revenue change	—	New“Flat to (2)%”	—	—	—	—	—	—
Non-GAAP revenue change on a constant currency basis	—	New“Flat to (1)%”	—	—	—	—	—	—
Revenue	—	—	—	—	New“increase slightly to up low single-digits compared to the fourth quarter of 2024 (decrease slightly on a constant currency basis)”	—	—	—
Revenue	—	—	—	New“flat to increase slightly compared to the third quarter of 2024 (decrease slightly on a constant currency basis)”	—	—	—	—
Revenue	—	—	New“increase low single digits compared to the second quarter of 2024 (flat to increase slightly on a constant currency basis)”	—	—	—	—	—
Revenue	—	New“flat to increase slightly compared to 2024 (flat to increase slightly on a constant currency basis)”	—	—	—	—	—	—
Revenue	—	New“flat to decrease 2% compared to the first quarter of 2024 (flat to decrease 1% on a constant currency basis)”	—	—	—	—	—	—
Revenue (constant currency basis)	—	—	—	—	New“flat to increase slightly”	—	—	—
Revenue (constant currency basis)	—	—	—	—	New“decrease slightly”	—	—	—
Revenue (constant currency)	—	—	—	New“Reaffirming outlook of flat to increase slightly on a constant currency basis”	—	—	—	—
Revenue (constant currency)	—	—	—	New“decrease slightly on a constant currency basis”	—	—	—	—
EPS	—	New“$12.40 to $12.75 on a non-GAAP basis”	Lowered“a range of $10.75 to $11.00 on a non-GAAP basis”	Reiterated“a range of $10.75 to $11.00 on a non-GAAP basis”	—	—	—	—
EPS	—	—	—	New“Projected to be in a range of $2.35 to $2.50 on a non-GAAP basis”	—	—	—	—
EPS	—	—	New“a range of $1.85 to $2.00 on a non-GAAP basis”	—	—	—	—	—
EPS	—	New“$2.10 to $2.25 on a non-GAAP basis”	—	—	—	—	—	—
EPS - foreign currency translation impact	—	—	—	New“the estimated positive impact of approximately $0.10 per share related to foreign currency translation”	—	—	—	—
EPS - tariff impact	—	—	—	New“an unmitigated impact of approximately $1.15 per share compared to approximately $1.05 previously”	—	—	—	—
EPS - tariff impact	—	—	—	New“an unmitigated impact of approximately $0.25 per share”	—	—	—	—
EPS foreign currency translation impact	—	—	—	New“the estimated positive impact of approximately $0.45 per share related to foreign currency translation compared to approximately $0.10 previously”	Raised“approximately $0.45 per share”	—	—	—
EPS foreign currency translation impact	—	—	—	—	New“approximately $0.20 per share”	—	—	—
EPS tariff impact (unmitigated)	—	—	—	—	New“approximately $1.05 per share”	—	—	—
EPS tariff impact (unmitigated)	—	—	—	—	New“approximately $0.60 per share”	—	—	—
EPS, Non-GAAP basis	—	New“$12.40 to $12.75”	Lowered“$10.75 to $11.00”	Reiterated“$10.75 to $11.00”	Narrowed“$10.85 to $11.00”	—	—	—
EPS, Non-GAAP basis	—	—	—	—	New“$3.20 to $3.35”	—	—	—
EPS, Non-GAAP basis	—	—	—	New“$2.35 to $2.50”	—	—	—	—
EPS, Non-GAAP basis	—	—	New“$1.85 to $2.00”	—	—	—	—	—
EPS, Non-GAAP basis	—	New“$2.10 to $2.25”	—	—	—	—	—	—
Operating margin	—	New“flat to increase slightly on a non-GAAP basis compared to 10.0% on a non-GAAP basis in 2024”	Changed“approximately 8.5% on a non-GAAP basis”	Reiterated“approximately 8.5% on a non-GAAP basis”	—	—	—	—
Operating margin (non-GAAP basis)	—	New“flat to increase slightly on a non-GAAP basis compared to 10.0% on a non-GAAP basis in 2024”	Changed“approximately 8.5%”	Reiterated“approximately 8.5%”	Reiterated“approximately 8.5%”	—	—	—
Effective tax rate	—	New“approximately 22%”	—	—	—	—	—	—
Effective tax rate	—	New“approximately 18%”	—	—	—	—	—	—
Effective tax rate (non-GAAP basis)	—	—	—	—	New“approximately 22%”	—	—	—
Effective tax rate (non-GAAP basis)	—	—	New“approximately 22%”	Reiterated“approximately 22%”	—	—	—	—
Effective tax rate (non-GAAP basis)	—	—	—	New“approximately 25%”	—	—	—	—
Effective tax rate (non-GAAP basis)	—	—	New“approximately 20%”	—	—	—	—	—
Impact of foreign exchange	—	New“Flat to (1)%”	—	—	—	—	—	—
Interest expense	—	New“approximately $85 million”	Reiterated“approximately $85 million”	Changed“approximately $80 million compared to $67 million in 2024”	—	—	—	—
Interest expense	—	—	—	New“approximately $22 million compared to $16 million in the third quarter of 2024”	—	—	—	—
Interest expense	—	—	New“approximately $25 million”	—	—	—	—	—
Interest expense	—	New“approximately $20 million”	—	—	—	—	—	—
Net interest expense	—	—	—	—	New“approximately $80 million”	—	—	—
Net interest expense	—	—	—	—	New“approximately $20 million”	—	—	—
Share repurchases	—	New“$500 million”	—	—	—	—	—	—
Share repurchases pursuant to accelerated share repurchase ("ASR") agreements	—	New“$500 million”	—	—	—	—	—	—
Stock repurchases	—	—	New“currently does not expect to make any additional payments to repurchase its common stock in 2025”	Reiterated“currently does not expect to make during the remainder of 2025, any payments to repurchase its common stock”	—	—	—	—
For FY2024
GAAP revenue decrease	New“(6)% to (7)%”	—	—	—	—	—	—	—
Non-GAAP revenue decrease on a constant currency basis	New“(6)% to (7)%”	—	—	—	—	—	—	—
Non-GAAP revenue decrease on a constant currency basis	New“(4)% to (5)%”	—	—	—	—	—	—	—
Revenue	New“decrease of 6% to 7% compared to 2023 (decrease 6% to 7% on a constant currency basis)”	—	—	—	—	—	—	—
Revenue	New“decrease 6% to 7% compared to the fourth quarter of 2023 (decrease 4% to 5% on a constant currency basis)”	—	—	—	—	—	—	—
EPS, GAAP basis	New“$10.55 to $10.70”	—	—	—	—	—	—	—
EPS, GAAP basis	New“$2.83 to $2.98”	—	—	—	—	—	—	—
EPS, Non-GAAP basis	New“$11.55 to $11.70”	—	—	—	—	—	—	—
EPS, Non-GAAP basis	New“$3.05 to $3.20”	—	—	—	—	—	—	—
GAAP net income per common share	New“$10.55 to $10.70”	—	—	—	—	—	—	—
GAAP net income per common share	New“$2.83 to $2.98”	—	—	—	—	—	—	—
Net income per common share on a non-GAAP basis	New“$11.55 to $11.70”	—	—	—	—	—	—	—
Net income per common share on a non-GAAP basis	New“$3.05 to $3.20”	—	—	—	—	—	—	—
Operating margin (Non-GAAP basis)	New“approximately flat compared to 10.1% in 2023”	—	—	—	—	—	—	—
Operating margin on a Non-GAAP basis	New“Approximately 10.1%”	—	—	—	—	—	—	—
Operating margin, GAAP basis	New“approximately 9.2%”	—	—	—	—	—	—	—
Common stock repurchases under the stock repurchase program	New“approximately $400 million”	—	—	—	—	—	—	—
Effective tax rate	New“approximately 20%”	—	—	—	—	—	—	—
Effective tax rate (GAAP basis)	New“approximately 15%”	—	—	—	—	—	—	—
Effective tax rate (Non-GAAP basis)	New“approximately 16%”	—	—	—	—	—	—	—
Interest expense	New“approximately $68 million”	—	—	—	—	—	—	—
Interest expense	New“approximately $15 million”	—	—	—	—	—	—	—
Stock repurchases	New“approximately $400 million”	—	—	—	—	—	—	—
No period stated
North America EBIT margin	—	New“double-digit EBIT margin”	—	—	—	—	—	—

Values in quotation marks are the company’s words. Change labels compare each statement with the same metric and target year in the previous release. HighGravityData does not judge whether guidance was met.