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Recap: PVH Q3 Earnings

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Benzinga Insights
·1 min read
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Shares of PVH (NYSE:PVH) moved higher by 3.25% in after-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share decreased 57.42% over the past year to $1.32, which beat the estimate of $0.24.

Revenue of $2,118,000,000 declined by 18.16% year over year, which beat the estimate of $2,000,000,000.

Guidance

PVH Expects Q4 Revenue To Decline ~20% YoY

Technicals

Company's 52-week high was at $108.06

View more earnings on PVH

Company's 52-week low was at $28.40

Price action over last quarter: Up 33.44%

Company Description

PVH designs and markets branded apparel in more than 40 countries. Its key fashion categories include men's dress shirts, ties, sportswear, underwear, and jeans. PVH's leading designer brands, Calvin Klein and Tommy Hilfiger, generate about 85% of its revenue. PVH also owns several smaller brands, including Izod, Van Heusen, and Arrow, and licenses brands from third parties. PVH distributes its clothing wholesale to retailers and through company-owned stores. The company traces its history to 1881 and is based in New York City.

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