PVH Corp. (PVH) Tops Q3 EPS by 16c; raises FY outlook

PVH Corp. (NYSE: PVH) reported Q3 EPS of $2.90, $0.16 better than the analyst estimate of $2.74. Revenue for the quarter came in at $2.36 billion versus the consensus estimate of $2.41 billion.

GUIDANCE:

PVH Corp. sees Q4 2024 EPS of Approximately $3.45, versus the consensus of $3.51.

Revenue is projected to decrease 3% to 4% as compared to the fourth quarter of 2022 (decrease 3% to 4% on a constant currency basis). The benefit of the 53rd week in 2023 is mostly offset by the revenue reduction related to the sale of the Heritage Brands intimate apparel business.

PVH Corp. sees FY2024 EPS of Approximately $10.45, versus the consensus of $10.35.

Revenue is projected to increase approximately 1% as compared to 2022 (increase approximately 1% on a constant currency basis), including a benefit of less than 1% from the 53rd week in 2023 and a negative impact of less than 1% related to the sale of the Heritage Brands intimate apparel business.

For earnings history and earnings-related data on PVH Corp. (PVH) click here.

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