PVH Corp, the parent company of Calvin Klein and Tommy Hilfiger, has reported third-quarter results that surpassed market expectations, supported by steady brand performance and tighter operational discipline. The company also narrowed its full-year outlook, signalling confidence as it targets the upper end of its previous guidance range.
PVH posted revenue of US $ 2.294 billion for the quarter, a 2% increase compared with the same period last year. The company maintained a gross margin of 56.3% despite pressure from tariffs, elevated freight costs and heightened promotional activity.
Chief Executive Officer Stefan Larsson said the quarter’s performance demonstrated sustained brand momentum and disciplined execution of the company’s PVH+ Plan. He noted that the strategy continued to build on the “iconic brand strength” of Calvin Klein and Tommy Hilfiger by expanding product innovation and delivering impactful marketing. He added that Calvin Klein recorded growth in key categories such as underwear and fashion denim, while Tommy Hilfiger advanced in core lifestyle segments.
Regional performance varied: EMEA revenue grew by 4% but was down 2% on a constant-currency basis; the Americas recorded a 2% increase; and APAC revenue declined by 1%, remaining flat in constant-currency terms. Direct-to-consumer sales were broadly stable year-on-year, while wholesale revenue rose 4%, led by growth in the Americas. Licensing revenue fell 11% following the internalisation of several previously licensed women’s categories.
Larsson said that despite uneven global consumer sentiment, the company delivered an “on-plan start” to the Holiday and Black Friday trading period in both Europe and North America.
Chief Financial Officer Zac Coughlin said the business continued to be managed prudently, highlighting investment in brand-building initiatives and significant cost efficiencies achieved through the company’s Growth Driver 5 actions.
Looking ahead, PVH narrowed its full-year guidance to the higher end of its earlier range and expects revenue to grow in the low single digits.
