US’ PVH projects modest 2026 growth amid rising tariff headwinds

PVH is expecting pressure on core profitability from tariff headwinds despite modest 2025 growth.
For 2026, it guides slight revenue growth and stable margins, though tariffs may cut EBIT by $195 million.
Q4 was strong, with revenue up 6 per cent and margins improving.
2025 revenue rose 3 per cent, while non-GAAP EPS beat guidance but lagged earlier projections.