PVH Corp. (PVH) Q3 2025 Earnings Call

Investor webinar replay

Watch the replay and follow the connected company analysis, news, and investor updates for Pvh Corp..

Watch the replay

Replay transcript excerpt

WEBVTT 00:00:00.031 -- 00:00:03.816 with a higher AUR sell-through. 00:00:03.816 -- 00:00:09.244 Tommy will close the year with his Hilfiger holiday campaign, reimagining iconic 00:00:09.244 -- 00:00:15.093 Tommy style for the holidays, and we're excited for Jisoo to lead the campaign. 00:00:15.093 -- 00:00:19.940 Lastly, I'm excited for the next step in our marketing execution. 00:00:19.940 -- 00:00:22.019 For spring 2026, 00:00:22.019 -- 00:00:27.467 We're taking Tommy's aspirational world to the next level, with Tommy himself inviting 00:00:27.467 -- 00:00:33.035 a strong group of global talent into his world, all wearing Tommy's powerful 00:00:33.035 -- 00:00:38.343 style icons in seasonally relevant growth categories across both men's 00:00:38.343 -- 00:00:42.108 and women's. I can't wait for you all to see it. 00:00:42.108 -- 00:00:47.075 Now, let me turn to our regional performance, starting with Europe. 00:00:47.075 -- 00:00:52.082 Reported revenue increased 4%, but was down low single digits in 00:00:52.082 -- 00:00:57.635 constant currency. Wholesale was down less than 1% as positive 00:00:57.635 -- 00:01:02.786 fall order book growth was offset by lower in-season replenishment. 00:01:02.786 -- 00:01:08.780 And D2C was down mid single digits. A few factors drove this. 00:01:08.780 -- 00:01:14.406 After an unplanned start to the quarter and two consecutive quarters of D2C 00:01:14.406 -- 00:01:19.531 growth in Europe, in September, we observed a tougher backdrop with more 00:01:19.531 -- 00:01:23.075 muted activity from our European consumers. 00:01:23.075 -- 00:01:28.961 Secondly, the expected delays from the transitory Calvin global product challenges 00:01:28.961 -- 00:01:33.029 put extra strain on our European distribution centers. 00:01:33.029 -- 00:01:...