Skip to main content
BoF Logo

The Business of Fashion

Agenda-setting intelligence, analysis and advice for the global fashion community.

PVH Tops 3Q Profit View

Calvin Klein Spring/Summer 2015 | Source: Calvin Klein
By
  • Associated Press

NEW YORK, United States — PVH Corp. (PVH) on Wednesday reported profit of $225.7 million in its fiscal third quarter.

The New York-based company said it had profit of $2.71 per share. Earnings, adjusted for pretax gains, came to $2.56 per share.

The results surpassed Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $2.48 per share.

The owner of the Calvin Klein and Tommy Hilfiger brands posted revenue of $2.23 billion in the period, falling short of Street forecasts. Analysts expected $2.25 billion, according to Zacks.

ADVERTISEMENT

For the current quarter ending in January, PVH expects its per-share earnings to range from $1.71 to $1.76. Analysts surveyed by Zacks had forecast adjusted earnings per share of $1.90.

The company said it expects revenue in the range of $2.1 billion for the fiscal fourth quarter. Analysts surveyed by Zacks had expected revenue of $2.19 billion.

PVH expects full-year earnings in the range of $7.25 to $7.30 per share, with revenue expected to be $8.3 billion.

PVH shares have decreased roughly 9 percent since the beginning of the year, while the Standard & Poor's 500 index has climbed 12 percent. In the final minutes of trading on Wednesday, shares hit $124.34, a decline of nearly 6 percent in the last 12 months.

© 2024 The Business of Fashion. All rights reserved. For more information read our Terms & Conditions

More from Financial Markets
A financial lens on the fast-changing fashion sector, including markets, investors and deals.

The Best of BoF 2023: Diversity’s Litmus Test

In 2020, like many companies, the $50 billion yoga apparel brand created a new department to improve internal diversity and inclusion, and to create a more equitable playing field for minorities. In interviews with BoF, 14 current and former employees said things only got worse.


The Year Ahead: The Future of Fashion Deal-Making

For fashion’s private market investors, deal-making may provide less-than-ideal returns and raise questions about the long-term value creation opportunities across parts of the fashion industry, reports The State of Fashion 2024.


The Investment Giant Behind Some of Fashion’s Biggest Deals

L Catterton, the private-equity firm with close ties to LVMH and Bernard Arnault that’s preparing to take Birkenstock public, has become an investment giant in the consumer-goods space, with stakes in companies selling everything from fashion to pet food to tacos.


view more

Subscribe to the BoF Daily Digest

The essential daily round-up of fashion news, analysis, and breaking news alerts.

The Business of Fashion

Agenda-setting intelligence, analysis and advice for the global fashion community.
CONNECT WITH US ON
BoF Professional - How to Turn Data Into Meaningful Customer Connections
© 2024 The Business of Fashion. All rights reserved. For more information read our Terms & Conditions, Privacy Policy, Cookie Policy and Accessibility Statement.
BoF Professional - How to Turn Data Into Meaningful Customer Connections