From Financial Modeling Prep: 2024-12-05 10:26:00

PVH reported better-than-expected Q3 results but lowered full-year earnings guidance due to a stronger dollar. Shares fell over 8% in pre-market. Q3 adjusted earnings were $3.03 per share, beating estimates of $2.58. Revenue was $2.26 billion, exceeding the forecast of $2.22 billion. Gross margin improved to 58.4%.

The company provided cautious Q4 guidance, expecting a revenue decline of 6-7% and EPS between $3.05 and $3.20, falling short of prior guidance and consensus estimates. Full-year adjusted EPS guidance was revised to $11.55 to $11.70, down slightly from the previous range. Full-year revenue is expected to decline by 6-7%.



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