PVH Corp. Q4 EPS $3.82 Beats Estimates, Warns $3.30 Tariff Headwind
PVH Corp. reported Q4 adjusted EPS of $3.82, beating estimates of $3.30, and revenue rose 6% year-over-year to $2.51 billion, flat on a constant currency basis. It forecast fiscal 2026 EPS of $11.80–$12.10 with a $3.30-per-share tariff headwind and Q1 EPS of $1.65–$1.80.
1. Q4 Financial Results
PVH Corp. reported adjusted EPS of $3.82 for the fourth quarter, outperforming the $3.30 consensus, and generated revenue of $2.51 billion, a 6% year-over-year increase that was flat on a constant currency basis. Shares jumped over 9% intraday following the results.
2. Tariff Headwinds and Mitigation
The company anticipates a gross tariff-related EPS headwind of approximately $3.30 per share in fiscal 2026, translating to a 215-basis-point pressure on operating margin. Leadership plans to implement mitigation measures such as sourcing adjustments, cost controls and pricing strategies to offset these additional import costs.
3. 2026 Outlook
For full-year 2026, PVH Corp. forecast adjusted EPS of $11.80 to $12.10, with a $11.95 midpoint ahead of the $11.88 consensus, and expects full-year revenue to edge above 2025 levels. The company guided first-quarter adjusted EPS of $1.65 to $1.80 versus $2.30 in the year-ago period and projected an unchanged 8.8% operating margin for the year.