secwatch.observer — SEC 8-K summary
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Issuer:     PVH CORP. /DE/ (PVH)
CIK:        0000078239
Form:       8-K
Filed at:   2023-11-29T23:59:59+00:00
Accession:  0000078239-23-000129
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/78239/000007823923000129/0000078239-23-000129-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/78239/000007823923000129/pvh-20231129.htm
  HTML page:      https://secwatch.observer/filing/0000078239-23-000129

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