NYSE$PVH
PVH Corp · Q3 2025 earnings
Q3 2025 earnings · · After market close · Investor relations
Briefing
PVH Corp. reported Q3 2025 results that exceeded guidance for revenue and earnings.
PVH delivered a strong Q3 2025, with revenue and non-GAAP EPS surpassing expectations. Growth was driven by Calvin Klein and Tommy Hilfiger brands, along with strong digital and DTC performance in key regions.
- Q3 2025 revenue reached $2.294 billion, up 2% year-over-year.
- Non-GAAP EPS came in at $2.83, above the guidance range of $2.35 to $2.50.
- Net income on a GAAP basis was $4.2 million due to restructuring and tax impacts.
- Strong performance in Calvin Klein underwear and fashion denim, and Tommy Hilfiger's lifestyle categories.
Headline financials
Revenue & EPS history
PVH · Revenue · Quarterly
$2.29B
Revenue by segment
PVH · $33M total across 1 segment · Q4 2024
- Heritage Brands$33M—100.0%
Forward guidance
PVH narrowed full-year revenue and non-GAAP EPS guidance to the high end of previous ranges, reaffirming confidence in its brand performance and operational execution.
Tailwinds
- Non-GAAP EPS guidance raised to $10.85–$11.00.
- Reaffirmed operating margin outlook of ~8.5% (non-GAAP).
- Strong digital and DTC performance, especially in China.
- Marketing investments and SG&A efficiencies driving performance.
- Continued strength in key product categories and brand campaigns.
Headwinds
- Tariffs projected to have a $1.05 per share negative impact in FY2025.
- Currency headwinds continue to impact constant currency results.
- Macroeconomic environment remains choppy, especially in Europe.
- Q3 gross margin declined due to increased promotional activity.
- Higher interest expense due to accelerated share repurchases.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2025
+0.4%
Avg return
Earnings day
-0.2%
Avg return
5 days after
-0.5%
Avg return
30 days after
59%
38 / 64 earnings
Positive
+21.4%
Q4 2022
Best reaction
-22.7%
Q4 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q4 2025 | +4.6% | +15.9% | +31.4% | |
| Q3 2025 | -11.8% | -13.1% | -22.5% | |
| Q2 2025 | -0.8% | +2.2% | +5.2% | |
| Q1 2025 | -18.1% | -19.4% | -10.4% | |
| Q3 2024 | -2.4% | -3.2% | -5.5% | |
| Q2 2024 | -5.7% | -4.8% | -6.0% | |
| Q1 2024 | +1.0% | -2.1% | -14.5% | |
| Q4 2023 | -22.7% | -22.7% | -22.0% | |
| Q4 2024 | -0.6% | -22.7% | -22.0% | |
| Q3 2023 | +8.6% | +15.8% | +35.6% | |
| Q2 2023 | +5.1% | +6.5% | -4.1% | |
| Q1 2023 | -12.6% | -13.5% | -4.5% | |
| Q4 2022 | +21.4% | +22.5% | +14.2% | |
| Q3 2022 | +13.3% | +9.7% | +8.8% | |
| Q2 2022 | -10.9% | -13.6% | -26.5% | |
| Q1 2022 | +2.3% | +0.3% | -19.9% | |
| Q4 2021 | -1.9% | -8.4% | -11.3% | |
| Q3 2021 | -5.6% | -2.6% | -0.1% | |
| Q2 2021 | +13.0% | +7.9% | -3.7% | |
| Q1 2021 | -3.1% | -3.0% | -4.2% | |
| Q4 2020 | +7.9% | +3.1% | +16.4% | |
| Q3 2020 | +7.8% | +12.8% | +14.8% | |
| Q2 2020 | +6.6% | +10.0% | +7.8% | |
| Q1 2020 | -16.8% | -11.8% | -25.6% | |
| Q4 2019 | -15.3% | +5.5% | +18.7% | |
| Q3 2019 | +0.2% | -2.9% | +4.9% | |
| Q2 2019 | +8.9% | +8.6% | +25.7% | |
| Q1 2019 | -20.2% | -17.2% | -10.6% | |
| Q4 2018 | +15.6% | +13.6% | +19.0% | |
| Q3 2018 | -0.4% | -3.3% | -16.7% | |
| Q2 2018 | -9.2% | -8.2% | -7.4% | |
| Q1 2018 | +3.2% | +3.0% | -3.5% | |
| Q4 2017 | +5.8% | +5.4% | +12.1% | |
| Q3 2017 | -2.2% | -2.4% | -0.3% | |
| Q2 2017 | +5.5% | +4.9% | +4.8% | |
| Q1 2017 | +4.5% | +2.8% | +7.9% | |
| Q4 2016 | +6.3% | +9.5% | +6.0% | |
| Q3 2016 | +1.8% | +0.9% | -14.9% | |
| Q2 2016 | -2.0% | -0.7% | -0.9% | |
| Q1 2016 | +5.3% | +6.2% | +5.1% | |
| Q4 2015 | +6.0% | — | — | |
| Q3 2015 | -10.0% | — | — | |
| Q2 2015 | +8.2% | — | — | |
| Q1 2015 | +7.1% | — | — | |
| Q4 2014 | +0.9% | — | — | |
| Q3 2014 | +0.7% | — | — | |
| Q2 2014 | +10.4% | — | — | |
| Q1 2014 | -7.9% | — | — | |
| Q4 2013 | +1.8% | — | — | |
| Q3 2013 | +1.4% | — | — | |
| Q2 2013 | -4.1% | — | — | |
| Q1 2013 | +10.3% | — | — | |
| Q4 2012 | -6.3% | — | — | |
| Q3 2012 | +5.2% | — | — | |
| Q2 2012 | +5.5% | — | — | |
| Q1 2012 | +6.2% | — | — | |
| Q1 2011 | -0.6% | — | — | |
| Q4 2009 | -0.3% | — | — | |
| Q4 2011 | -0.3% | — | — | |
| Q3 2010 | +0.9% | — | — | |
| Q3 2011 | +0.9% | — | — | |
| Q2 2011 | +0.6% | — | — | |
| Q2 2010 | +0.6% | — | — | |
| Q4 2010 | +0.6% | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro