PVH Corp.'s Chief People Officer, Subrahmanyam Amba, had 273 shares of common stock withheld at $83.26 per share to cover tax obligations. This withholding was tied to the vesting of 493 restricted stock units. After the transaction, he directly holds 27,005 shares of PVH common stock, including 15,026 shares subject to unvested restricted stock unit awards. The event reflects routine tax withholding rather than an open-market sale.
PVH CORP. executive Erik W. Graf, EVP and Controller, reported a small disposition of stock tied to tax withholding rather than a market sale. On the vesting of 198 restricted stock units, 63 shares of common stock were withheld at $83.26 per share to satisfy his tax obligations. Following this withholding, he directly holds 12,547 shares of PVH common stock, including 10,466 shares subject to unvested restricted stock unit awards.
PVH Corp. reported a strong turnaround for the thirteen weeks ended May 3, 2026. Revenue edged up to $2,025.1 million from $1,983.6 million, while net income improved to $88.0 million from a net loss of $44.8 million a year earlier, when large noncash goodwill and intangible impairments weighed on results.
Basic earnings per share rose to $1.92 and diluted earnings per share to $1.90, compared with a basic and diluted loss of $0.88. Gross profit increased to $1,186.2 million, supported by steady revenue across TOMMY HILFIGER, Calvin Klein and Heritage Brands and higher total marketing investment.
Operating cash flow was negative $46.5 million, an improvement versus negative $71.4 million, as working capital swings and lower tax benefits offset better profitability. Cash and cash equivalents were $592.5 million and total assets $11,341.6 million, against long-term debt of $2,269.4 million.
The filing highlights ongoing macro pressures, including inflation, new and shifting U.S. tariff regimes, conflict in the Middle East, and foreign exchange volatility. It also discloses China’s Ministry of Commerce placing PVH on the List of Unreliable Entities, which could lead to future restrictions but none have been imposed to date.
PVH Corp. reported first quarter 2026 revenue of $2.025 billion, up 2% year over year and slightly above guidance, with direct-to-consumer sales up 6% as both Calvin Klein and Tommy Hilfiger grew in stores and online.
On a non-GAAP basis, operating margin was 6.5% and EPS was $2.01, above guidance of $1.65 to $1.80, though below last year’s $2.30 as the company increased marketing and brand investments. Inventory fell 5% to $1.51 billion and net income on a GAAP basis improved to $88 million from a loss a year ago.
For full year 2026, PVH now expects revenue to be approximately flat, reflecting macro pressure in EMEA tied to the Middle East conflict, but reaffirms a non-GAAP operating margin of about 8.8% and non-GAAP EPS of $11.80 to $12.10, supported in part by tariff refunds of about $100 million and an expected $300 million share repurchase program.
PVH Corp. is asking stockholders to approve four proposals at its 2026 annual meeting, including electing ten directors, an advisory vote on executive compensation, amendments to the Stock Incentive Plan, and ratifying Ernst & Young as auditor.
Management highlights 2025 revenue of $9.0B, up 3% from 2024, a non-GAAP operating margin of 8.8%, and over 200 basis points of annualized cost savings. PVH repurchased 7.7 million shares for $561M, emphasizing capital returns, while Tommy Hilfiger and Calvin Klein each grew revenue and the Americas and EMEA segments delivered mid-single-digit growth.
The proxy details a pay-for-performance program using EBIT and revenue for annual bonuses and ROIC and relative TSR for PSUs, with over 96% support for 2025 say-on-pay. Governance topics include an independent Chair, strong board refreshment, proxy access, and a reduced 25% threshold for stockholders to call special meetings.
FMR LLC filed Amendment No. 16 to a Schedule 13G/A reporting beneficial ownership of 6,717,443.40 shares of PVH Corp common stock, representing 14.7% of the class as of 04/30/2026. The cover shows Abigail P. Johnson with sole dispositive power over the same 6,717,443.40 shares. The amendment cites a power of attorney (effective April 13, 2026) and references Exhibit 99 and a 13d-1(k)(1) agreement.
FMR LLC amended a Schedule 13G to report beneficial ownership of 4,562,216.75 shares of PVH Corp common stock, representing 10.0% of the class. The filing lists Abigail P. Johnson as having dispositive power for the same number of shares and references an attached Exhibit 99 and a power of attorney.
PVH Corp reports 03/31/2026 beneficial ownership by Vanguard Capital Management of 2,416,452 shares, representing 5.27% of common stock. The filing states Vanguard has sole voting power for 350,349 shares and sole dispositive power for 2,416,452 shares. The statement is signed on 04/30/2026.
PVH Corp. announced that the Executive Committee of its Board of Directors declared a quarterly cash dividend of $0.0375 per share on its common stock. The dividend will be paid on June 24, 2026 to stockholders who are on record as of June 3, 2026. A related press release is provided as an exhibit.