earnings
confidence high
sentiment positive
materiality 0.80
PVH beats Q3 expectations; narrows full-year revenue and EPS outlook to high end
PVH CORP. /DE/
2025-Q3 EPS reported
$3.72
revenue$6,445,100,000
- Q3 revenue $2.294B (+2% reported, -0.6% constant currency); non-GAAP EPS $2.83 beat guidance of $2.35-$2.50 (prior year $3.03).
- GAAP EPS $0.09, includes $22M restructuring costs; gross margin fell to 56.3% from 58.4% on tariffs, promotions, product delays.
- Full-year non-GAAP EPS guidance narrowed to $10.85-$11.00 (prev $10.75-$11.00); revenue outlook narrowed to up low single-digits.
- Tariff impact: unmitigated $1.05 per share full-year (improved from ~$1.15); Q3 tariff net negative $0.37 per share.
- Repurchased 7.7M shares YTD for $561M; APAC DTC growth with China improvement; disciplined cost management.