Quarterly ResultJun 5, 2026, 11:21 AM
PVH Corp. Q1 Net Income $88M vs Loss; Revenue $2.03B
AI Summary
PVH Corp. reported a strong turnaround in its first quarter results, with revenue increasing to $2,025.1 million and net income reaching $88.0 million ($1.90 per diluted share), a significant improvement from a net loss in the prior year. The company's balance sheet shows total assets of $11,341.6 million, with long-term debt increasing to $2,269.4 million. Other comprehensive income and cash reserves saw notable changes compared to the previous year.
Key Highlights
- PVH Corp. reported revenue of $2,025.1 million for the thirteen weeks ended May 3, 2026, an increase from $1,983.6 million in the prior year period.
- Net income for the thirteen weeks ended May 3, 2026, was $88.0 million, or $1.90 per diluted share, a significant improvement from a net loss of $44.8 million, or ($0.88) per diluted share, in the prior year period.
- Total assets stood at $11,341.6 million as of May 3, 2026, compared to $10,672.4 million as of May 4, 2025.
- Long-term debt was $2,269.4 million as of May 3, 2026, an increase from $1,720.1 million as of May 4, 2025.
- The company recorded $20.8 million in other comprehensive income for the thirteen weeks ended May 3, 2026, compared to $86.4 million in the prior year period.
- Cash and cash equivalents decreased to $592.5 million as of May 3, 2026, from $701.5 million as of February 1, 2026.
Price Impact
More from PVH