PVH Corp. delivered solid Q1 2025 results with revenue up 2% year-over-year and ahead of guidance. However, the company recorded a net loss driven by significant noncash impairment charges, even as adjusted EPS exceeded expectations.
Revenue grew to $1.984 billion, surpassing guidance of flat to down 2%
Adjusted EPS reached $2.30, beating the high end of the $2.25 guidance
GAAP net loss of $44.8 million was due to a $480 million noncash impairment
Calvin Klein’s launch of the Icon Cotton Stretch line saw strong response, supported by a Bad Bunny campaign
PVH reaffirmed its full-year revenue guidance but lowered EPS and margin forecasts amid macroeconomic uncertainty and tariffs.
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