PVH Corp., the owner of Calvin Klein and Tommy Hilfiger, reported flat fourth-quarter revenues of $2.5 billion for 2025 on a constant-currency basis, beating expectations. CEO Stefan Larsson highlighted a boost from the TV show Love Story for Calvin Klein. Full-year revenues rose less than 1% to $9 billion.
PVH Corp. announced its fiscal 2025 results on Wednesday, with fourth-quarter revenues holding steady at $2.5 billion year-on-year on a constant-currency basis, surpassing forecasts of a slight decline. Full-year revenues edged up less than 1% to $9 billion, in line with expectations. Calvin Klein saw Q4 revenues dip 1% to $1 billion, while full-year figures rose less than 1% to $4 billion. Tommy Hilfiger posted a 1% Q4 increase to $1.4 billion and similar full-year growth to $4.8 billion. Stefan Larsson, PVH's CEO, thanked teams for navigating an uneven macro environment, noting growth in key categories with new products. He attributed positive momentum for Calvin Klein to the TV show Love Story, which drove higher searches, e-commerce traffic, and direct-to-consumer sales. PVH capitalized with '90s-style assortments, social media engagement, talent dressing, and a SoHo store event that set records for daily sales and visitors, though financial impacts will appear in fiscal 2026. By region, Q4 saw EMEA revenues fall 3% to $1.2 billion, Americas rise 4% to $765 million, and Asia-Pacific drop 2% to $437 million. Full-year regional results showed EMEA down 1% to $4.3 billion, Americas up 6% to $2.7 billion, and Asia-Pacific down 4% to $1.5 billion. Looking to 2026, PVH expects flat to slightly higher revenues, factoring in a 15% US tariff rate on imports starting February 24, as stated by interim CFO Melissa Stone. Larsson cited positive spring trends and plans to boost marketing and shopping experiences amid cautious wholesalers.