While sales for the U.S. group—which has refocused on its iconic Tommy Hilfiger and Calvin Klein brands—increased during the last fiscal year, which ended in early February, its profit, primarily weighed down by asset impairments, plunged by 95%.
Stefan Larsson appears fairly satisfied. The CEO of PVH Corp, owner of the Calvin Klein and Tommy Hilfiger brands, wrapped up the 2025-2026 fiscal year, which ended on February 1, with respectable results despite the challenging environment.
“We delivered a strong fourth quarter and year-end, thanks to the strength of our two iconic global brands, Calvin Klein and Tommy Hilfiger, and the rigorous and ongoing implementation of our PVH+ plan (i.e., the strategic roadmap for 2022–2025, focused on global brand growth, digital transformation, consumer engagement, and a more efficient organization to drive profitable growth, ed.),” the CEO emphasized, adding that “for the full year, in a challenging global macroeconomic environment,” his group “returned to moderate revenue growth, in line with forecasts, and recorded non-GAAP operating margins above expectations.”
Revenue Up, but Profit Plummets
PVH’s revenue indeed increased by 3% on a reported basis (+1% at constant exchange rates) to $8.95 billion during the last fiscal year. Its net income, however, collapsed, plummeting by more than 95% to $25.3 million (compared to $598.5 million in 2024). Diluted earnings per share from continuing operations thus fell to $0.52, compared to $10.56 a year earlier.
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Read more > PVH Corp: 2022 saved by the fourth quarter
Featured photo: © Calvin Klein
