PVH Q4 loss

What happened: On April 2, 2026, PVH Corp., owner of Calvin Klein and Tommy Hilfiger, reported a Q4 net loss of $158.3 million, compared to a net income of $157.2 million in the same period last year. Despite this, the company's adjusted net income exceeded guidance, driven by gross margin improvements and expense management. Goldman Sachs raised its price target on PVH to $93 from $83, citing progress on the PVH+ plan, while shares fell as much as 30% in early trading, the steepest drop since 1987.

Market impact: The apparel sector was rattled by PVH's disappointing outlook, with investors spooked by sustainability concerns and a potential slowdown in demand. The sharp decline in PVH's stock price could lead to a revaluation of other apparel companies, particularly those with exposure to volatile macroeconomic conditions.

What to watch next: PVH's Q1 2026 earnings on May 15, 2026, will provide clarity on the company's outlook and the progress of its PVH+ plan. Additionally, the release of the U.S. consumer confidence index on April 25, 2026, will offer insights into consumer spending trends, which could impact demand for apparel products.