PVH Corp. reports Q3 EPS $2.83, consensus $2.54

Reports Q3 revenue $2.29B, consensus $2.28B. Stefan Larsson, CEO, commented, “In the third quarter, we exceeded our guidance across reported revenue, operating margin and EPS, and delivered constant-currency revenue in line with expectations. Through disciplined PVH+ Plan execution, we continued to lean into the iconic brand strength of Calvin Klein and TOMMY HILFIGER, expanding innovation across product and delivering cut-through marketing. Calvin drove growth in key categories like underwear and fashion denim, while Tommy Hilfiger delivered growth in core lifestyle categories, elevating style icons through the Hilfiger Racing Club campaign. In Europe, we saw a tougher backdrop entering the fall, while in the Americas, our digital channels continued to outperform, and in APAC we again exceeded expectations, driven by strong DTC performance with a notable improvement in China. Despite the continued uneven global consumer environment, we delivered an on-plan start to the Holiday season and Black Friday week in both Europe and North America. At the same time, we continue to strengthen our data- and demand-driven supply chain, reflected in healthy inventory levels. We are also investing in key growth initiatives, especially marketing, and freed up over 200 basis points in SG&A efficiencies over the past 18 months. Looking ahead, we are reaffirming our full-year constant currency revenue and operating margin outlook and narrowing our reported revenue and non-GAAP EPS outlook to the high end of our previous ranges, reflecting our confidence in our brands.”