FMP
Dec 05, 2022(Last modified: Dec 19, 2023)
PVH Corp. (NYSE:PVH) reported its Q3 results last week, with EPS of $2.60 coming in better than the Street estimate of $2.17. Revenue grew 7% to $2.28 billion, beating the Street estimate of $2.23 billion, as the company’s brands recovered from softer trends last quarter. Management also attributed a portion of the outperformance to disciplined expense management as the SG&A rate of 46.8% came in better than planned.
North America showed considerable improvement with revenues up 10% for overall Calvin Klein and Tommy Hilfiger, as management believes the region is starting to show green shoots.
The company anticipates Q4 revenue to fall approximately 4% year-over-year, and EPS to come in at around $1.65. For the full year, the company sees EPS of $8.25, better than the Street estimate of $7.89. Revenue is expected to decline by approximately 3% year-over-year.

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