Loading...
•
Nov 02
PVH Q3 2025 Earnings Report
PVH Corp. reported Q3 2025 results that exceeded guidance for revenue and earnings.
Key Takeaways
PVH delivered a strong Q3 2025, with revenue and non-GAAP EPS surpassing expectations. Growth was driven by Calvin Klein and Tommy Hilfiger brands, along with strong digital and DTC performance in key regions.
Q3 2025 revenue reached $2.294 billion, up 2% year-over-year.
Non-GAAP EPS came in at $2.83, above the guidance range of $2.35 to $2.50.
Net income on a GAAP basis was $4.2 million due to restructuring and tax impacts.
Strong performance in Calvin Klein underwear and fashion denim, and Tommy Hilfiger's lifestyle categories.
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
EMEA Revenue
CapyFin.comAmericas Revenue
CapyFin.comAPAC Revenue
CapyFin.com Forward Guidance
PVH narrowed full-year revenue and non-GAAP EPS guidance to the high end of previous ranges, reaffirming confidence in its brand performance and operational execution.
Positive Outlook
- Non-GAAP EPS guidance raised to $10.85–$11.00.
- Reaffirmed operating margin outlook of ~8.5% (non-GAAP).
- Strong digital and DTC performance, especially in China.
- Marketing investments and SG&A efficiencies driving performance.
- Continued strength in key product categories and brand campaigns.
Challenges Ahead
- Tariffs projected to have a $1.05 per share negative impact in FY2025.
- Currency headwinds continue to impact constant currency results.
- Macroeconomic environment remains choppy, especially in Europe.
- Q3 gross margin declined due to increased promotional activity.
- Higher interest expense due to accelerated share repurchases.
Revenue & Expenses
Visualization of income flow from segment revenue to net income