PVH Reports Strong Q3 Results, Provides Outlook
<p><a href='https://financialmodelingprep.com/financial-summary/PVH'>PVH Corp. (NYSE:PVH)</a> 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.</p>
<p>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.</p>
<p>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.</p>

NYSE:PVH