PVH Corp. reported a revenue of $8.95 billion for the fiscal year ending February 1, 2026, marking a 3% increase from $8.65 billion in the previous year. The company's net income, however, significantly declined to $25.3 million, down from $598.5 million in 2024, primarily due to a $480 million noncash impairment charge related to goodwill and other intangible assets. The gross profit for the year was $5.15 billion, representing a gross margin of 57.5%, a decrease from 59.4% in 2024, attributed to increased tariffs and a shift in revenue mix as previously licensed product categories transitioned to direct management.
In terms of strategic developments, PVH Corp. has been focusing on its PVH+ Plan, a multi-year initiative aimed at enhancing the Calvin Klein and Tommy Hilfiger brands. The company has also undergone significant organizational changes, including a restructuring of its reportable segments to align with regional operations, now categorized as EMEA, Americas, APAC, and Licensing. This restructuring is part of a broader strategy to simplify operations and improve efficiency, which has already yielded annualized cost savings exceeding $200 million.
Operationally, PVH Corp. employed approximately 26,000 associates as of February 1, 2026, with a significant portion working in retail. The company operates around 1,350 retail locations globally and has seen a notable increase in its digital commerce channels, which accounted for approximately 20% of total revenue. The company also reported a positive impact from foreign currency translation, contributing approximately $251 million to revenue growth in 2025.
Looking ahead, PVH Corp. anticipates slight revenue growth in 2026, with expectations of a stable gross margin despite ongoing challenges from tariffs and macroeconomic pressures. The company is actively working to mitigate the impact of these tariffs, which are projected to negatively affect gross profit by approximately $195 million in 2026. Additionally, the company is navigating uncertainties related to geopolitical tensions and their potential impact on consumer spending and inventory availability.
About PVH CORP. /DE/
PVH Corp. is a leading global apparel company designing, marketing, and licensing iconic brands like Tommy Hilfiger and Calvin Klein. It offers a broad range of apparel, footwear, accessories, and lifestyle products across multiple channels and regions. The company emphasizes brand relevance, consumer engagement, and supply chain efficiency, operating through wholesale, retail, and licensing segments to serve diverse markets worldwide.
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