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Aug 03
PVH Q2 2025 Earnings Report
PVH reported better-than-expected Q2 2025 results with strong revenue and EPS performance exceeding guidance.
Key Takeaways
PVH outperformed expectations in Q2 2025, with revenue and earnings per share beating guidance. Strong brand momentum at Calvin Klein and Tommy Hilfiger, supported by effective marketing, helped drive growth.
Revenue grew 4% YoY to $2.167 billion, surpassing guidance.
GAAP EPS reached $4.63, while non-GAAP EPS was $2.52, beating guidance.
Net income rose to $224.2 million, up from $158 million YoY.
Americas segment saw an 11% revenue increase, driven by wholesale.
PVH
PVH
PVH Revenue by Segment
PVH Revenue by Geographic Location
Revenue by Segment
Tommy Hilfiger Revenue
CapyFin.comCalvin Klein Revenue
CapyFin.comHeritage Brands Revenue
CapyFin.comRevenue by Geographic Location
Europe, Middle East, Africa Revenue
CapyFin.comAmericas Revenue
CapyFin.comAsia-Pacific Revenue
CapyFin.com Forward Guidance
PVH reaffirmed its non-GAAP EPS outlook and slightly raised its revenue guidance for FY 2025, maintaining cautious optimism despite macroeconomic headwinds.
Positive Outlook
- Full-year revenue guidance raised to slight-to-low single-digit increase.
- Non-GAAP EPS guidance reaffirmed at $10.75 to $11.00.
- Continued investment in brand building for Calvin Klein and Tommy Hilfiger.
- Mitigation strategies to offset increased tariffs underway.
- Positive impact from foreign currency expected to be $0.45 per share.
Challenges Ahead
- Tariffs expected to have a $1.15 per share negative impact.
- Ongoing macroeconomic uncertainty affecting global demand.
- Challenging retail environment in APAC, particularly China.
- Increased promotional activity affecting margins.
- Inventory levels still elevated, though improved from Q1.
Revenue & Expenses
Visualization of income flow from segment revenue to net income