PVH Corp. announced that Chief Financial Officer Zac Coughlin will step down at the end of 2025, remaining in the role through December 31 and joining the third‑quarter earnings call. Melissa Stone, who has spent more than two decades in senior finance roles—including SVP Accounting and Assistant Corporate Controller—will serve as interim CFO until a permanent successor is named.
Coughlin’s tenure has been defined by his stewardship of the PVH+ Plan, a multi‑year strategy launched in 2022 that targets $12.5 billion in revenue by 2025 through brand strength, digital expansion, and cost discipline. Under his leadership, the company achieved high‑single‑digit revenue growth and significant cost‑saving initiatives that helped maintain profitability amid macro‑economic headwinds such as tariffs and inflation.
Stone brings deep knowledge of PVH’s global operations and has overseen the company’s financial reporting and capital allocation for years. Her appointment is intended to preserve continuity as PVH continues to execute the PVH+ Plan and to reassure investors that the financial stewardship remains in experienced hands during the transition.
PVH reaffirmed its third‑quarter 2025 non‑GAAP EPS guidance at $2.35 to $2.50, slightly below the $2.53 consensus estimate from FactSet analysts. For the full year, the company reiterated a non‑GAAP EPS outlook of $10.75 to $11.00, compared with a $11.74 adjusted EPS in 2024. The guidance reflects confidence in the company’s cost‑control framework and the momentum of its core brands, while acknowledging the need to navigate ongoing supply‑chain and tariff pressures.
In Q2 2025, PVH reported non‑GAAP EPS of $2.52—$0.55 above the $1.97 consensus—on revenue of $2.17 billion, beating the $2.11 billion estimate. The earnings beat was driven by strong demand for Calvin Klein and Tommy Hilfiger, particularly in the U.S. market, and by disciplined cost management that offset higher raw‑material costs. The CFO transition occurs against this backdrop of solid performance, underscoring the company’s focus on sustaining growth while maintaining financial discipline.
The transition is expected to provide stability as PVH continues to advance the PVH+ Plan and to reassure stakeholders that the company’s financial strategy remains robust. Stone’s interim leadership will keep the financial operations on track while the board searches for a permanent CFO, ensuring that the company’s strategic priorities and guidance commitments are upheld.
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