PVH Corp. (PVH) Tops Q3 EPS by 43c, Offers Guidance
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PVH Corp. Reports Third Quarter 2022 Revenue Above Guidance, With Strong Performance Across the Business, and Updates Full Year Outlook
November 30, 2022 4:15 PM ESTThird quarter revenue decreased 2% to $2.281 billion compared to the prior year period (increased 7% on a constant currency basis) and exceeded guidance Third quarter EPS GAAP basis: $(2.88) compared to guidance of $2.10 to $2.15. Results include a $417 million pre-tax noncash goodwill impairment charge not known at time of guidance Non-GAAP basis: $2.60 and significantly exceeded guidance of $2.10 to $2.15 (there were no non-GAAP exclusions in guidance) Full year revenue outlook: In line with the top end of previous guidance range, projected to decrease approximately 3% (increase approximately 4% on a constant currency basis) Full year EPS... More
