What changed
PVH printed Q2 FY26 adjusted EPS of $3.70, beating consensus of $3.08 by $0.62 (+20.1%). Revenue was $2.097B, down 3.2% YoY. FY26 adjusted EPS guidance reaffirmed at $11.80-$12.10; Q3 FY26 guided to $2.50-$2.65. Beat driven by stronger gross margin, higher AURs in Americas/APAC, cost discipline, and a ~$1.80 EPS tariff refund benefit.
Why it matters
PVH printed Q2 FY26 adjusted EPS of $3.70, beating consensus of $3.08 by $0.62 (+20.1%). Revenue was $2.097B, down 3.2% YoY. FY26 adjusted EPS guidance reaffirmed at $11.80-$12.10; Q3 FY26 guided to $2.50-$2.65. Beat driven by stronger gross margin, higher AURs in Americas/APAC, cost discipline, and a ~$1.80 EPS tariff refund benefit.