Jefferies reiterates Buy rating on PVH stock, cites growth opportunity

PVH Corp. (PVH) reported Q2 revenue of $2.097B, down 3% YoY, matching guidance. Adjusted operating margins rose to 11.1%, beating estimates, partly due to $107M in tariff refunds. EPS was $3.70, exceeding the $3.00-$3.10 range. EMEA revenue fell 6% due to weak consumer spending, while Americas saw a 1% decline. Management reaffirmed full-year guidance, citing confidence in the PVH+ Plan and DTC growth.

PVH reported Q2 2026 earnings, meeting revenue guidance and exceeding profitability expectations. The company saw growth in D2C and e-commerce, with strong performance in APAC and the Americas. Gross margins improved, and inventory levels were down 3% year-over-year. PVH welcomed a new CFO, Alexei Rossignol, and remains on track with its PVH plus plan. Licensing revenue was over $350 million annually, with expected growth. The company highlighted strong consumer engagement and product performanc

PVH Corp. (NYSE:PVH) reported Q2 revenue of $2.097B, down 3% YoY, with gross margin up 530 bps to 63.0%, largely due to $107M in tariff refunds. The company recorded a $439M goodwill impairment, and GAAP operating margin fell to -9.1%. PVH reaffirmed its full-year outlook, expecting flat revenue and non-GAAP EPS of $11.80-$12.10. Wholesale revenue declined 6%, and Calvin Klein revenue fell 7%, while direct-to-consumer revenue was flat.

Morningstar upgraded five US-listed stocks to 5-star ratings, indicating undervaluation. The stocks are PG&E (PCG), Edison International (EIX), Aurora Innovation (AUR), Pentair (PNR), and PVH (PVH). PG&E and Edison saw significant weekly declines, while Aurora rose. All trade below their fair value estimates, with discounts ranging from 30% to 47%.

PVH Corp reported Q2 revenue declines in Asia-Pacific (3%) and EMEA (6%), with mixed performance across brands. Calvin Klein and Tommy Hilfiger revenues fell, but direct-to-consumer sales showed growth. Gross margin improved to 63%, and inventory decreased 3%. PVH reaffirmed its full-year outlook, expecting flat revenue and EPS of $11.80-$12.10. The company plans $300M in share buybacks and $250M in capex for 2026. According to the CEO, European wholesalers remain cautious, and the spring 2027 o

PVH Corp. reported Q2 revenue of $2.1 billion, down 3% YoY, but adjusted EPS of $2.30 beat estimates by 15%. The company attributed the profit beat to tariff refunds, though it also reported a GAAP net loss of $107.8 million due to goodwill impairment. PVH is the parent company of Calvin Klein and Tommy Hilfiger.