Filing Flows › PVH (PVH) › Q2 FY27 › vs Q2 FY26
PVH (PVH) Q2 FY27 vs Q2 FY26 (year over year)
PVH's revenue fell $70.2M (-3%) from $2.2B in Q2 FY26 to $2.1B in Q2 FY27. The biggest changes: EMEA Segment −$62.2M (-6%); Licensing Segment −$12.6M (-13%); APAC Segment +$8.5M (+3%).
PVH, Q2 FY27: revenue $2.1B (-3% year over year), operating margin -9.1%, net loss $103M, operating cash flow $383M. The chart draws each line against Q2 FY26, the increases inside each band.
Margins
| Q2 FY27 | Q2 FY26 | Change | |
|---|---|---|---|
| Free cash flow margin | 16.5% | 8.4% | +8.1 pts |
Every line
| Line | Q2 FY27 | Q2 FY26 | Change | % |
|---|---|---|---|---|
| EMEA Segment | $986M | $1.0B | −$62.2M | -6% |
| Americas Segment | $680M | $684M | −$3.9M | -0.6% |
| APAC Segment | $344M | $335M | $8.5M | +3% |
| Licensing Segment | $86.9M | $99.5M | −$12.6M | -13% |
| Revenue | $2.1B | $2.2B | −$70.2M | -3% |
| Income tax benefit | $99.7M | $113M | −$13.3M | -12% |
| Net loss | $103M | −$224M | $327M | — |
| Costs & expenses | $2.3B | $2.3B | $19.4M | +0.9% |
| Operating costs | $2.3B | $2.0B | $254M | +12% |
| Interest & other, net | $11.7M | $22.0M | −$10.3M | -47% |
| Cost of revenue | $775M | $916M | −$141M | -15% |
| Operating cash sources | $486M | −$11.1M | $497M | — |
| Depreciation & amortization | $57.3M | $68.7M | −$11.4M | -17% |
| Share-based compensation | $13.1M | $13.9M | −$800K | -6% |
| Working capital & other | $415M | −$93.7M | $509M | — |
| Net loss absorbed | $103M | −$224M | $327M | — |
| Operating cash flow | $383M | $213M | $170M | +80% |
| Free cash flow (OCF − capex) | $346M | $182M | $164M | +90% |
| Capital expenditures | $36.5M | $31.2M | $5.3M | +17% |
Questions
How much did PVH's revenue grow year over year in Q2 FY27?
PVH's revenue fell $70.2M (-3%) from $2.2B in Q2 FY26 to $2.1B in Q2 FY27.
What drove PVH's revenue change in Q2 FY27?
EMEA Segment −$62.2M (-6%); Licensing Segment −$12.6M (-13%); APAC Segment +$8.5M (+3%).