PVH Corp. (PVH) Tops Q3 EPS by 43c, Offers Guidance

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Go back to PVH Corp. (PVH) Tops Q3 EPS by 43c, Offers Guidance

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 EST

Third 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