| Metric | Value ($ M) | Q2 FY26 | Q3 FY25 |
|---|---|---|---|
| Revenue | 2.2K | 9.3% | 4.5% |
| Total Income | 2.2K | 9.3% | 4.5% |
| Expenditure | 2.0K | 12.2% | 7.0% |
| PBT | 111.20 | 131.8% | 28.2% |
| Net Profit | 224.20 | 600.5% | 41.9% |
| OPM | 6.15% | 22.89pp | 2.24pp |
| NPM | 10.35% | 12.60pp | 2.73pp |
| EPS | 4.66 | 629.5% | 64.7% |
PVH Corp. Reports Q3 2025 Revenue Above Guidance
04 May 2026 · 4 May, 6:59 am
Summary
PVH Corp. reported its third quarter 2025 results, with revenue increasing by 2% to $2.294 billion. Non-GAAP EPS exceeded guidance at $2.83. The company is narrowing its full year reported revenue and non-GAAP EPS outlook to the high end of previous ranges. Despite an uneven global consumer environment, the company delivered an on-plan start to the Holiday season and Black Friday week in both Europe and North America.
Key Highlights
- 1
PVH Corp.'s third quarter revenue increased by 2% to $2.294 billion compared to the prior year period.
- 2
The company's non-GAAP EPS for the third quarter was $2.83, exceeding guidance of $2.35 to $2.50.
- 3
The company is narrowing its full year reported revenue outlook to up low single-digits.
- 4
PVH Corp. reaffirms its full-year outlook of approximately 8.5% operating margin on a non-GAAP basis.
- 5
The company repurchased 7.7 million shares of its common stock for the first nine months of 2025.
- 6
Tommy Hilfiger revenue increased 1% compared to the prior year period.
- 7
Calvin Klein revenue increased 2% compared to the prior year period.
Management Comments
Stefan Larsson
In the third quarter, we exceeded our guidance across reported revenue, operating margin and EPS, and delivered constant-currency revenue in line with expectations. Through disciplined PVH+ Plan execution, we continued to lean into the iconic brand strength of Calvin Klein and TOMMY HILFIGER, expanding innovation across product and delivering cut-through marketing. Calvin drove growth in key categories like underwear and fashion denim, while Tommy Hilfiger delivered growth in core lifestyle categories, elevating style icons through the Hilfiger Racing Club campaign. In Europe, we saw a tougher backdrop entering the fall, while in the Americas, our digital channels continued to outperform, and in APAC we again exceeded expectations, driven by strong DTC performance with a notable improvement in China. Despite the continued uneven global consumer environment, we delivered an on-plan start to the Holiday season and Black Friday week in both Europe and North America. At the same time, we continue to strengthen our data- and demand-driven supply chain, reflected in healthy inventory levels. We are also investing in key growth initiatives, especially marketing, and freed up over 200 basis points in SG&A efficiencies over the past 18 months. Looking ahead, we are reaffirming our full-year constant currency revenue and operating margin outlook and narrowing our reported revenue and non-GAAP EPS outlook to the high end of our previous ranges, reflecting our confidence in our brands.”
Zac Coughlin
For the third quarter, we delivered on our overall revenue plan and exceeded our EPS guidance despite an ongoing choppy macroeconomic backdrop, and we are narrowing our full year reported revenue and non-GAAP EPS guidance towards the high-end of our prior ranges. We continue to manage our business prudently, investing in key brand accretive investments, and have unlocked significant cost efficiencies through our Growth Driver 5 actions.”
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