Should You Buy, Sell or Hold PVH Stock Post Q2 Earnings?

PVH Corp. delivered mixed Q2 fiscal 2026 results with revenues down 3% but profitability exceeding expectations, boosted by $107 million in tariff refunds. The company maintained momentum in direct-to-consumer and e-commerce channels while facing headwinds from wholesale weakness and soft international demand. PVH reaffirmed full-year EPS guidance of $11.80-$12.10 but projects a more challenging Q3 with low single-digit revenue declines.