PVH's Q3 Earnings Beat Estimates, Stock Dips on Weak Q4 Guidance [Yahoo! Finance]
PVH Corp. (PVH)
Last pvh corp. earnings: 4/1 04:15 pm
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Source: Yahoo! Finance
The bottom line improved while the top line fell year over year. Results gained from the strong execution of the PVH+ Plan, which led to robust gross margin expansion and growth in adjusted earnings per share (EPS). However, shares of this apparel designer lost more than 6% in after-hours trading yesterday. This is likely to have been due to a decline in revenues in the fiscal third quarter and soft guidance for the fiscal fourth quarter. Also, management cut the upper-end view for EPS for fiscal 2024. PVH reported adjusted earnings of $3.03 per share, up 4.5% from the year-ago quarter's $2.90. The bottom line also beat the Zacks Consensus Estimate of earnings of $2.61 per share and the company's guidance of $2.50. The figure included the positive impacts of foreign currency translations of 5 cents a share. Revenues fell 5% year over year (down 6% at constant currency) to $2,255 million but beat the consensus mark of $2,228 million. Management had guided a revenue decline of 6-7
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PVH
News
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- PVH Dips 4.2% Post Q3 Earnings: Buy, Hold or Avoid the Stock? [Yahoo! Finance]Yahoo! Finance
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PVH
Earnings
- 12/4/24 - Beat
PVH
Sec Filings
- 12/20/24 - Form 8-K
- 12/20/24 - Form 4
- 12/9/24 - Form 10-Q
- PVH's page on the SEC website