PVH Corp. reported second-quarter fiscal 2026 adjusted earnings of $3.70 per share, up 46.8% from $2.52 a year earlier and above the Zacks Consensus Estimate of $3.08, a result that included an approximately $1.80-per-share benefit from tariff refunds. Revenues fell 3.2% year over year to $2.097 billion and were in line with the consensus mark, while gross margin increased 530 basis points to 63% from 57.7%, including about 510 basis points from $107 million of tariff refunds. By region, Europe, the Middle East and Africa revenues declined 6% to $986.3 million, Americas revenues slipped 1% to $680.1 million, Asia-Pacific revenues rose 3% to $343.7 million, and licensing revenues fell 13% to $86.9 million. For fiscal 2026, PVH continues to expect revenues to be approximately flat on a reported basis and down slightly at constant currency, with adjusted operating margin of approximately 8.8% and adjusted earnings of $11.80-$12.10 per share, including an estimated 40-cent favorable foreign-currency impact. For the fiscal third quarter, the company projects revenues to decline in the low single digits, an adjusted operating margin of about 7.5%, and adjusted earnings of $2.50-$2.65 per share, down from $2.83 a year earlier.
PVH CorpQ2 adjusted EPS of $3.70 beat estimates, boosted by ~$1.80/share of tariff refunds, with gross margin up 530bps.
