Filing Flows › PVH (PVH) › Q1 FY26
PVH (PVH) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Jun 4, 2025
PVH (PVH) reported revenue of $2.0B for the first quarter fiscal 2026 (Q1 FY26), +2% from a year earlier and -16% from the quarter before. Operating margin was -16.7%, net loss $44.8M (2.3% of revenue).
PVH, Q1 FY26: revenue $2.0B (+2% year over year), operating margin -16.7%, net loss $44.8M, operating cash flow −$71.4M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.0B | -16% | +2% |
| Operating profit | −$332M | -258% | — |
| Net earnings | −$44.8M | -128% | — |
| Operating cash flow | −$71.4M | -115% | — |
What changed
Revenue was $2.0B in Q1 FY26, up 2% year over year and down 16% from the previous quarter. Tommy Hilfiger was the largest line at 53% of revenue. Tommy Hilfiger added $0.03B year over year (up 3%), 110% of the total change. Heritage Brands declined 5%.
Gross margin was 58.6%, down 2.8 points from a year earlier. Operating costs exceeded revenue by $0.33B, an operating margin of -16.7%. Operating expenses grew 50% against revenue growth of 2%. The quarter ended with a net loss of $0.04B, after a profit of $0.16B the previous quarter.
Operating cash flow was −$0.07B. Non-cash charges added back $0.07B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.11B. Capital expenditures of $0.03B exceeded it, leaving free cash flow of −$0.10B.
Questions
What was PVH's revenue in the first quarter fiscal 2026?
PVH (PVH) reported revenue of $2.0B for the first quarter fiscal 2026 (Q1 FY26), +2% from a year earlier and -16% from the quarter before.
Was PVH profitable in the first quarter fiscal 2026?
Operating loss was $332M (-16.7% of revenue) and net loss $44.8M.
Source: PVH 10-Q on SEC EDGAR.