PVH Tops Estimates but Warns of Tariff Headwinds

Font: Financial Modeling Prep  • Apr 01, 2026

PVH Corp. (NYSE: PVH) reported fourth-quarter results that exceeded analyst expectations, though the company cautioned about significant tariff-related pressures going forward. Shares rose more than 9% intraday Wednesday following the announcement.

The parent company of Calvin Klein and Tommy Hilfiger reported adjusted earnings per share of $3.82, beating the consensus estimate of $3.30. Revenue increased 6% year over year to $2.51 billion, surpassing analyst expectations of $2.43 billion, while remaining flat on a constant currency basis.

For fiscal 2026, PVH projected adjusted EPS in the range of $11.80 to $12.10, with a midpoint of $11.95 exceeding the consensus estimate of $11.88. However, the outlook incorporates an estimated gross negative impact of approximately $3.30 per share from tariffs on U.S. imports, partially offset by mitigation measures.

The company expects full-year 2026 revenue to increase slightly compared to 2025.

For the first quarter of 2026, PVH forecast adjusted EPS between $1.65 and $1.80, down from $2.30 in the prior-year period. It also projected a full-year adjusted operating margin of approximately 8.8%, unchanged from 2025, despite an anticipated 215 basis point headwind from tariffs.