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On Monday, September 14, 2026, PVH Corp. presented an updated growth plan at the Goldman Sachs Global Consumer and Retail Conference. The company's Calvin Klein and Tommy Hilfiger brands were cited as gaining traction despite facing tariff pressures, cautious wholesale ordering, and a mixed consumer backdrop. PVH's management expressed cautious optimism for the near-term outlook but highlighted signs of sustainable growth.

The PVH+ Plan is transitioning from rebuilding the brands to improving growth and margins. Both brands showed stronger e-commerce traffic and improved product pricing in key categories. In 2026, PVH maintained an EBIT margin guidance of 8.8%, including a 100 basis point benefit from tariff refunds. The company identified $45 million in annualized cost savings, with the full benefit expected to flow into 2027.

PVH's second-quarter performance demonstrated that brand and product work is translating into better economics, with e-commerce traffic for Calvin Klein rising double digits and Tommy Hilfiger increasing in the high single digits. Denim sales were up 10%, with average unit revenue also up 10%. Overall, gross margin improved despite tariff headwinds, with Europe showing stronger direct-to-consumer trends.

The company emphasized its focus on building margins through pricing, sourcing, and cost discipline, without relying on outside help. Successful brand repositioning, product capability, and operational simplification were cited as key factors in PVH's progress.