Apparel brands owner PVH's Q3 revenue rises

PVH

03/12/2025 21:24

Overview

PVH Q3 revenue rises 2% to $2.294 bln, slightly beating company's guidance

Adjusted EPS of $2.83 for Q3 beats analysts' expectations

Company narrows full-year revenue and EPS outlook to high end of ranges

Outlook

PVH narrows full-year revenue outlook to up low single-digits

Company expects full-year non-GAAP EPS of $10.85 to $11.00

Fourth-quarter EPS projected at $3.20 to $3.35 on a non-GAAP basis

Result Drivers

BRAND STRENGTH - Calvin Klein and Tommy Hilfiger brands drove growth in key categories, per CEO Stefan Larsson

REGIONAL PERFORMANCE - Strong digital channels in Americas and APAC, particularly China, offset challenges in Europe

COST EFFICIENCIES - SG&A efficiencies freed up over 200 basis points, contributing to EPS guidance beat

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Slight Beat*
$2.29 bln
$2.28 bln (11 Analysts)
Q3 Adjusted EPS
Beat
$2.83
$2.56 (12 Analysts)
Q3 EPS
$0.09
Q3 Net Income
$4.20 mln
Q3 EBIT
$180.80 mln
Q3 Gross Profit
$1.29 bln
Q3 Pretax Profit
$160.30 mln


*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy", 6 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the apparel & accessories peer group is "buy"

Wall Street's median 12-month price target for PVH Corp is $94.00, about 10.9% above its December 2 closing price of $84.74

The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 7 three months ago

Press Release: ID:nBwb1kBY3a

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)