PVH Posts $2.23 Q2 Loss Per Share, Deepening Apparel Slump
PVH sits 20% above its 52-week low of $59.6.
Summary
PVH reported a Q2 loss of $2.23 per share, a sharp deterioration from the prior quarter's adjusted EPS of $2.01. The loss follows a 20-22% share plunge in June after weak Q1 results and guidance. The company has been restructuring, including a new CFO appointment and a $1.5B credit facility, but this loss signals continued demand weakness. PVH also backed its 2026 revenue outlook of approximately flat, reaffirmed 2026 adjusted EPS guidance of $11.80-$12.10, and reaffirmed its 2026 operating margin outlook of approximately 8.8% on a non-GAAP basis. Q2 revenue fell on wholesale weakness.
At the time of this announcement, PVH was trading at $71.25 on NYSE in the Trade & Services sector, with a market capitalization of approximately $3.3B. The 52-week trading range was $59.60 to $100.75. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.