By Kelly Cloonan
PVH Corp. logged higher revenue in its latest quarter due to growth in its Americas and Europe, Middle East and Africa regions.
The clothing company, which owns Tommy Hilfiger and Calvin Klein, on Wednesday posted a profit of $4.2 million, or 9 cents a share, compared with $131.9 million, or $2.34 a share, a year earlier. The recent figure includes $22 million of pre-tax restructuring costs and other tax-related effects, the company said.
Adjusted earnings per share were $2.83, ahead of estimates of $2.54 a share according to analysts polled by FactSet.
Revenue rose 2%, to $2.29 billion. Analysts expected $2.28 billion.
Revenue increased in the company's Americas and Europe, the Middle East and Africa regions, offsetting a decrease in Asia-Pacific. Chief Executive Stefan Larsson said the company's digital channels outperformed in the Americas, though the backdrop in Europe was tougher entering the fall season.
For the full year, the company now expects adjusted per-share earnings of $10.85 to $11, compared with $10.75 to $11 previously. It now expects full-year revenue to increase at a low-single-digit rate, compared with its prior forecast of up slightly to up low-single digits.
It now expects unmitigated tariff costs of $1.05 a share, compared with $1.15 a share previously.
For the fourth quarter, the company forecasts adjusted per-share earnings of $3.20 to $3.35, behind the $3.64 projected by analysts. It expects revenue to increase slightly to up low-single digits, compared with analyst estimates of about 3.7% growth.
Write to Kelly Cloonan at kelly.cloonan@wsj.com
(END) Dow Jones Newswires
December 03, 2025 17:04 ET (22:04 GMT)
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