<div id="readability-page-1">Revenue forecast cut: PVH now expects flat fiscal 2026 revenue, down from prior growth guidance, due to weaker EMEA demand from the Middle East conflict. Stock market reaction: Shares plunged over 22%, marking the steepest one-day drop in more than two years and triggering an analyst downgrade. Earnings beat muted: Q1 adjusted EPS of $2.01 topped forecasts, but the guidance cut overshadowed the results and raised concerns about future quarters.</div>

<p>PVH shares plummeted over 22% after the company cut its fiscal 2026 revenue forecast to flat growth, citing weakened demand in the EMEA region due to the Middle East conflict. Although Q1 adjusted EPS of $2.01 beat expectations, the downward guidance revision overshadowed the results, triggering an analyst downgrade and raising concerns about future performance.</p>

PVH shares sink 22% as Middle East conflict hits outlook