AP NEWS

PVH: Fiscal 3Q Earnings Snapshot

November 25, 2019

NEW YORK (AP) _ PVH Corp. (PVH) on Monday reported fiscal third-quarter earnings of $209.2 million.

The New York-based company said it had net income of $2.82 per share. Earnings, adjusted for costs related to mergers and acquisitions and pretax expenses, were $3.10 per share.

The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $3 per share.

The owner of the Calvin Klein and Tommy Hilfiger brands posted revenue of $2.59 billion in the period, which also beat Street forecasts. Three analysts surveyed by Zacks expected $2.55 billion.

For the current quarter ending in January, PVH expects its per-share earnings to range from $1.77 to $1.79. Analysts surveyed by Zacks had forecast adjusted earnings per share of $1.84.

The company expects full-year earnings in the range of $9.43 to $9.45 per share.

PVH shares have increased 8% since the beginning of the year, while the Standard & Poor’s 500 index has climbed 25%. In the final minutes of trading on Monday, shares hit $100.58, a fall of nearly 9% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PVH at https://www.zacks.com/ap/PVH