PVH at Goldman Sachs conference: growth plan gains traction

PVH Corp. presented its updated turnaround plan at the Goldman Sachs Global Consumer and Retail Conference, highlighting the growth momentum of its Calvin Klein and Tommy Hilfiger brands. Despite facing tariff pressure, cautious wholesale ordering, and a mixed consumer backdrop, the company's brands are showing clearer signs of sustainable growth.

PVH's PVH+ Plan is moving from rebuilding the brands to improving growth and margins, with both Calvin Klein and Tommy Hilfiger posting stronger e-commerce traffic and better product pricing in key categories. The company maintained its 2026 guidance, including an 8.8% EBIT margin, which includes a 100 basis point benefit from tariff refunds.

PVH identified $45 million in annualized cost savings, with the rest of the benefit expected to flow into 2027. The company's second-quarter performance showed that its brand and product work is beginning to translate into better economics.

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