PVH Corp

NYSE:PVH   3:59:58 PM EDT
-1.78 (-1.70%)
Positive Earnings Pre-Announcement

PVH Sees Q4 Non-GAAP Earnings Per Share About $1.94

Published: 12/01/2021 21:26 GMT
PVH Corp (PVH) - .
Reports 2021 Third Quarter Earnings Above Guidance and Raises Full Year EPS Outlook.
Q3 Revenue Rose 10 Percent to $2.333 Billion.
Sees Q4 Non-GAAP Earnings per Share About $1.94.
Sees FY Non-GAAP Earnings per Share About $9.25.
Sees Q4 GAAP Earnings per Share About $3.00.
Q3 Non-GAAP Earnings per Share $2.67.
Q3 GAAP Earnings per Share $3.89.
Revenue in 2021 is Projected to Increase 27% to 28% (increase 25% to 26% on a Constant Currency Basis).
Q3 Earnings per Share View $2.08, Revenue View $2.41 Billion -- Refinitiv Ibes Data (analyst estimates).
Qtrly Overall Inventory Levels Decreased 7% Compared to Prior Year Period.
2021 Earnings per Share on a GAAP Basis Will Be About $10.75.
In-transit Inventory Levels in Q3 Increased Over 50% Versus Prior Year, Due to Extended Lead Times From Supply Chain, Logistics Disruptions.
Providing Its Updated 2021 Outlook Despite Continued Uncertainty Due to Covid-19 Pandemic, Including Omicron Variant.
U.S. Port Delays Resulted in 4% Negative Impact to Qtrly Revenue From Unplanned Shift in Timing of U.S. Wholesale Shipments From Q3 Into Q4.
Supply Chain and Logistics Disruptions Have Impacted and Continue to Impact Company.
FY Earnings per Share View $8.71 -- Refinitiv Ibes Data (analyst estimates).
Revenue is expected to be $2.37 Billion
Adjusted EPS is expected to be $2.00

Next Quarter Revenue Guidance is expected to be $2.16 Billion
Next Quarter EPS Guidance is expected to be $2.36

More details on our Analysts Page.