Earnings ·
PVH reports Q2 loss of $102.9 million after $439 million goodwill impairment charge
PVHPvh Corp.
PVH Corp. reported second quarter 2026 results, delivering revenue of $2.097 billion, a 3% decrease from the prior year period but in line with guidance on a reported basis and exceeding constant currency expectations. The company recorded a significant $439 million pre-tax noncash goodwill impairment charge, resulting in a GAAP net loss of $102.9 million and diluted EPS of $(2.23). On a non-GAAP basis, excluding the impairment and restructuring items, PVH reported net income of $171.9 million and diluted EPS of $3.70, exceeding guidance of $3.00 to $3.10. Non-GAAP operating margin expanded to 11.1% from 8.2% in the prior year period, aided by a $107 million benefit from tariff refunds. The company reaffirmed its full-year non-GAAP EPS outlook of $11.80 to $12.10 and announced that Alexis Rollier will join as Chief Financial Officer. PVH Corp. operates in the global apparel industry, owning and licensing iconic brands including Calvin Klein and Tommy Hilfiger.