PVH

Q2 FY2027 EarningsQ2 FY2026 Non-GAAP EPS of $3.70 beat the $3.08 consensus by 20.1%, driven by a significant $107 million ($1.80/share) tariff refund benefit. Revenue of $2.097B was in line with expectations (-3% YoY), as DTC growth in Americas and APAC was offset by wholesale declines and macro headwinds in EMEA. Management reaffirmed its full-year non-GAAP outlook, including revenue flat YoY and EPS of $11.80 - $12.10, indicating confidence despite a $439M GAAP-only goodwill impairment charge.