PVH stock reports a Q2 earnings beat as full year guidance holds
Published on 10/05/2026 at 12:03 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
PVH stock (ISIN US6936561009) was last at USD 75.53 on the NYSE on October 2, 2026, while the apparel company reported adjusted Q2 2026 EPS of USD 3.70 against consensus of USD 3.08. Zacks reported on September 4, 2026, that profitability exceeded guidance even as revenue declined.
Q2 EPS beat came with support
PVH generated Q2 revenue of USD 2.097 billion, down 3 percent from the prior-year period. The adjusted operating margin reached 11.1 percent, while the company said USD 107 million of tariff refunds contributed USD 1.80 to adjusted EPS and 510 basis points to the margin, according to The Globe and Mail on September 9, 2026.
The result was mixed beneath the headline beat. EMEA revenue fell 6 percent, while global e-commerce revenue increased 4 percent, according to Zacks. The contrast leaves digital demand as a support for the Calvin Klein and Tommy Hilfiger brands while European wholesale remains a pressure point.
Guidance holds against Q3 pressure
PVH reaffirmed fiscal 2026 adjusted EPS guidance of USD 11.80 to USD 12.10 and a non-GAAP operating margin of 8.8 percent. For Q3 2026, management expects adjusted EPS of USD 2.50 to USD 2.65 and revenue to decline in the low single digits, according to Zacks.
That guidance frames the Q2 beat as a combination of operating execution and a one-time tariff benefit rather than a broad acceleration in sales. The company also reported that inventory declined 3 percent year over year in Q2, a concrete sign of tighter stock management during a softer wholesale cycle.
Analysts see upside to USD 86.55
MarketBeat reported on September 25, 2026, that 14 analysts held a consensus rating of Hold, with six Buy, five Hold and three Sell ratings. The average 12-month price target was USD 86.55, which lies 14.59 percent above the USD 75.53 reference price.
For investors, the key distinction is between the USD 3.70 adjusted EPS result and the weaker forward sales signal. The Q3 EPS range of USD 2.50 to USD 2.65 is below the Q2 result, while the full year range remains intact.
PVH stock remains below its yearly high
PVH stock was last at USD 75.53 on the NYSE on October 2, 2026, down 0.42 percent from the prior close. The session range was USD 75.00 to USD 76.99, volume was 710,925 shares, the 52-week range was USD 59.60 to USD 100.75, and market capitalization was USD 3.5 billion.
PVH stock facts
- Company: PVH Corp.
- ISIN: US6936561009
- Ticker: PVH
- Trading venue: NYSE
- Price (as of October 2, 2026, 4:00 p.m. ET): USD 75.53
- Market capitalization: USD 3.5 billion (as of October 2, 2026)
- 52-week range: USD 59.60-100.75 (as of October 2, 2026)
- Sector / Industry: Consumer Discretionary / Apparel Manufacturing
