Description

PVH Unlocks New Momentum Through Calvin Klein, Tommy Hilfiger & DTC !

PVH Corporation reported second quarter 2026 results that met or exceeded guidance, with revenues declining 3% both reported and on a constant currency basis, primarily reflecting macroeconomic challenges and timing shifts in wholesale shipments. The company’s two major brands, Calvin Klein and Tommy Hilfiger, delivered steady performance; Tommy Hilfiger revenues were flat year-over-year while Calvin Klein revenues declined, partially impacted by shipment timing and wholesale transitions. Direct-to-consumer (DTC) channels showed resilience and growth, driven by double-digit and high single-digit e-commerce growth in North America and Asia-Pacific (APAC), although wholesale channels, notably in Europe, faced ongoing weakness amid challenging market conditions and geopolitical pressures. Gross margin increased significantly by 530 basis points to 63%, largely supported by $107 million in tariff refunds received during the quarter.