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PVH Corporation’s Strategic Execution Is Turning Digital, Brands, & Scale into a Growth Flywheel; What Lies Ahead?

PVH Corp., owner of iconic lifestyle brands Calvin Klein and Tommy Hilfiger, reported its third quarter 2025 financial performance, which exceeded previous guidance across several key metrics while maintaining alignment with its strategic PVH+ Plan. Total revenue was $2.3 billion, which was down less than 1% in constant currency, matching expectations, and demonstrating the resilience of its business model despite global economic challenges. The company’s direct-to-consumer (D2C) revenue decreased by 1% in constant currency, offset by a 1% growth in wholesale revenue. For the full fiscal year, PVH reaffirmed its constant currency revenue and operating margin outlook, narrowing its reported revenue and non-GAAP EPS outlook to the high end of its previous range, attributing confidence in its brand strength and strategic execution capabilities. However, challenges remain due to continued uneven global consumer spending and the impact of tariffs in North America.