PVH Corp. (PVH) Earnings Call Transcripts
PVH Corp.'s Latest Earnings Call - Q1 FY2027
In the first quarter of fiscal year 2026, PVH Corp. reported total revenue of $2 billion, reflecting a 2% increase on a reported basis but a 2% decline in constant currency, aligning with management's expectations. Earnings per share (EPS) came in at $2.01, exceeding guidance primarily due to lower tax and interest expenses. However, management has revised its full-year revenue outlook to flat year-over-year, down from previous expectations of slight growth, largely due to the ongoing impacts of the Middle East conflict on the EMEA region.
Reported metrics
| Metric | Value |
|---|---|
| Total Revenue | $2B (inline) |
| EPS | $2.01 (beat) |
| Operating Margin | 6.5% (positive) |
| Gross Margin | 58.6% (positive) |
| Direct-to-Consumer Growth | 3% (positive) |
| Inventory Levels | down 5% (positive) |
Guidance from management
Management expects full-year revenue to be approximately flat year-over-year, down from previous guidance of slight growth. EPS guidance remains unchanged at $11.80 to $12.10, reflecting ongoing operational improvements and tariff refunds.
What management said
Yes. Yes. And I think Stefan mentioned it, but we're thinking of the overall impact of the 3 reasons that he mentioned is about half directly in the Middle East as well as the overhang in Turkey and then about half the impact to the broader European region. And I would just add, from a total top line perspective for PVH we are maintaining our expectation for growth in Americas and APAC. We really see the momentum con...
What analysts pressed on
Analysts expressed concerns regarding the prolonged impact of the Middle East conflict on EMEA performance and the potential for inventory markdowns due to lower demand in the region. There were also questions about the effectiveness of marketing investments amidst these challenges.
Main topics on the call
- Revenue Performance — PVH reported total revenue of $2 billion, which was 'up 2% on a reported basis and down 2% in constant currency, in line with our expectations.' The growth was driven by a 3% increase in direct-to-consumer sales, particu...
- Impact of Middle East Conflict — Management highlighted the 'prolonged effects of the Middle East conflict' as a significant challenge, particularly impacting the EMEA region's wholesale demand and consumer sentiment. This led to a revision of the EMEA ...
- Earnings Guidance Update — Management updated its full-year revenue guidance to approximately flat year-over-year, down from previous expectations of slight growth. EPS guidance remains unchanged at $11.80 to $12.10, reflecting ongoing operational...
- Direct-to-Consumer Growth — The direct-to-consumer segment grew by 3% in constant currency, with notable strength in e-commerce. Management stated, 'We grew our direct-to-consumer business 3% in constant currency across both Calvin Klein and Tommy ...
Read the full PVH Corp. transcript (Q1 FY2027) → Summary generated from the call transcript; every figure above is stated by management on the record.
About PVH Corp.
PVH Corp. (PVH) is a publicly listed company in the Textiles, Apparel and Luxury Goods industry, within the Consumer Discretionary sector. It trades on NYSE and is based in US. EarningsCalls.dev maintains a free, full-text archive of its earnings call transcripts — 31 calls on record spanning April 2, 2020 to June 4, 2026. Every transcript is split into speaker-by-speaker segments with headline metrics, free to read or available through our REST API.
Earnings Call History
EarningsCalls.dev has 31 PVH Corp. earnings call transcripts on record, spanning April 2, 2020 to June 4, 2026. Based on this history, PVH Corp. reports quarterly. The most recent call on file is dated June 4, 2026. The full list is below — each row opens the complete, free-to-read transcript.
- Ticker
- PVH
- Exchange
- NYSE
- Country
- US
- Sector
- Consumer Discretionary
- Calls on record
- 31
- First call
- April 2, 2020
- Most recent
- June 4, 2026
- Reporting cadence
- quarterly