PVH Q3 non-GAAP EPS $2.60 beats guidance; goodwill impairment drives GAAP loss; extends G-III licenses to 2025-27

PVH CORP. /DE/

2022-Q3 EPS reported $0.92 revenue$6,535,500,000

Q3 revenue $2.281B, down 2% YoY but up 7% constant currency, above guidance.
GAAP EPS $(2.88) includes $417M pre-tax noncash goodwill impairment charge; non-GAAP EPS $2.60 vs guidance $2.10-$2.15.
Full-year non-GAAP EPS guidance raised to ~$8.25 from ~$8.00; revenue at top end of prior range.
Extended Calvin Klein & Tommy Hilfiger license agreements with G-III (NAS: GIII) to staggered 2025-2027 expirations.
Core product categories representing ~1/3 of global licensing revenue and <10% of 2021 EBIT to be brought in-house after terms.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

PVH CORP. /DE/ reported third quarter 2022 results: revenue $2.281 billion, EPS GAAP basis: $(2.88). Guidance raised.

Period: third quarter 2022
Revenue: $2.281 billion
EPS: GAAP basis: $(2.88)
Guidance: raised
Result: reported results

Exact text from the filing

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.

View on SEC.gov

Browse all earnings releases →

PVH CORP. /DE/ filing history →

Source: SEC EDGAR

accession 0000078239-22-000132

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.