PVH beats Q3 EPS estimates, raises full-year guidance, boosts share repurchases to $550M

PVH CORP. /DE/

2023-Q3 EPS reported $6.29 revenue$6,727,800,000

Q3 revenue $2.363B (+4% YoY); GAAP EPS $2.66 vs guidance $2.43; non-GAAP EPS $2.90 vs $2.70.
Full-year GAAP EPS guidance raised to ~$9.75 (from ~$9.60), non-GAAP to ~$10.45 (from ~$10.35).
Closed sale of Heritage Brands intimate apparel for $160M cash; net proceeds ~$150M for buybacks.
Planned 2023 share repurchases increased to ~$550M from up to $400M; $68M repurchased in Q3.
Q4 guidance: revenue down 3-4%, GAAP EPS ~$3.48, non-GAAP ~$3.45.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

PVH CORP. /DE/ reported third quarter 2023 results: revenue $2.363 billion, EPS $2.66. Guidance raised.

Period: third quarter 2023
Revenue: $2.363 billion
EPS: $2.66
Guidance: raised
Result: reported results

Exact text from the filing

filing. --- EX-99.1 (EX-99.1) --- PVH CORP. REPORTS 2023 THIRD QUARTER EARNINGS ABOVE GUIDANCE AND RAISES FULL YEAR EPS OUTLOOK • Third quarter ◦ Revenue: Increased 4% to $2.363 billion compared to the prior year period (increased 1% on a constant currency basis); in line with guidance of an increase of mid single-digits (increase low single-digits on a constant

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Source: SEC EDGAR

accession 0000078239-23-000129

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