FX.co ★ PVH Corp. Q3 Profit Decreases, But Beats Estimates

PVH Corp. (PVH) has announced its financial results for the third quarter, revealing a decline in earnings compared to the previous year, yet surpassing analysts' expectations.

For the period in question, the company registered a net income of $131.9 million or $2.34 per share. This figure contrasts with the $161.6 million, or $2.66 per share, reported in the same quarter last year. Excluding certain items, the adjusted earnings stood at $170.5 million, equating to $3.03 per share.

Analysts, as forecasted by Thomson Reuters, had on average anticipated earnings of $2.59 per share, not taking into account any special items.

The company also experienced a 4.2% drop in revenue, which fell to $2.131 billion compared to $2.225 billion in the previous year.

An overview of PVH Corp.'s GAAP earnings is as follows:

- Q3 Net Income: $131.9 million versus $161.6 million last year.

- Q3 Earnings Per Share (EPS): $2.34 against $2.66 last year.

- Q3 Revenue: $2.131 billion compared to $2.225 billion last year.

Looking ahead, PVH Corp. provides guidance as follows:

- For the next quarter, the expected EPS range is $3.05 to $3.20.

- For the full year, the EPS is projected to be between $11.55 and $11.70.