earnings
confidence high
sentiment positive
materiality 0.75
PVH beats Q3: revenue $2.255B, GAAP EPS $2.34, non-GAAP $3.03; cuts FY GAAP EPS view
PVH CORP. /DE/
2024-Q3 EPS reported
$7.74
revenue$6,281,300,000
- Q3 revenue $2.255B (-5% YoY) exceeded guidance of -6% to -7%.
- GAAP EPS $2.34 (guided ~$2.30); non-GAAP EPS $3.03 (guided ~$2.50).
- Full-year GAAP EPS guidance lowered to $10.55-$10.70 from $11.20-$11.45.
- Gross margin +170 bps to 58.4%; inventory +9% YoY.
- Repurchased $29M in shares in Q3; expects $400M buyback for full year.