PVH Corp, the parent of Calvin Klein and Tommy Hilfiger, said it expects 2025 to mark its return to growth and raised its full-year reported revenue guidance after delivering a stronger-than-expected second quarter.
For the quarter ending 3rd August 2025, revenue rose 4% to US $ 2.167 billion from US $ 2.074 billion in the prior-year period. EBIT on a GAAP basis came in at US $ 133 million, which included an US $ 8 million positive impact from foreign currency translation, compared with US $ 174 million last year. Net income was US $ 224.2 million, up from US $ 158 million in the same quarter a year ago.
By brand, Tommy Hilfiger’s revenue grew 4% (flat on a constant currency basis) and Calvin Klein advanced 5% (3% on a constant currency basis). CEO Stefan Larsson said the quarter reflected disciplined execution of the PVH+ Plan, noting that both brands gained traction from product, marketing, and marketplace initiatives. He highlighted Calvin Klein’s growth in underwear and fashion denim, supported by new product innovations amplified by celebrity partnerships such as Bad Bunny.
Regionally, the Americas led with an 11% increase, while EMEA rose 3% but declined 3% on a constant currency basis due to timing shifts in wholesale shipments. APAC revenue fell 1% year on year (down 3% on a constant currency basis) amid weakness in China.
PVH raised its full-year outlook to low single-digit growth, from a previous guidance of flat to slight growth, and reaffirmed a non-GAAP operating margin forecast of about 8.5%.
Looking to 2025, PVH said tariffs on goods entering the US are expected to reduce EBIT by US $ 70 million, even after planned mitigation efforts in the second half of the year. The company also cautioned that trade policy uncertainty could materially alter its outlook.
