PVH Corp. Earnings Recaps
Q3 2025
Dec 5, 2025
PVH Corp reported a resilient Q3 2025, surpassing guidance with total revenues of $2.3 billion, led by strong growth in wholesale and consistent brand performance despite a challenging consumer environment.
Key takeaways
- Total revenue decreased less than 1% in constant currency, aligning with management's expectations.
- Direct-to-consumer revenue fell 1%, offset by a 1% increase in wholesale revenue, indicating stable brand health.
- Operating profit performance exceeded forecasted levels, reaffirming a positive full-year outlook and cost-saving initiatives.
- Significant brand innovation and marketing efforts, including high-profile collaborations, drove double-digit growth in Calvin Klein's underwear category.
- Strong performance in the APAC region, particularly in China, underscoring effective demand-driven strategies and healthy inventory management.