Calvin Klein Parent PVH Stock Slides After Q3 Earnings

Core Insights - PVH Corp. reported third-quarter earnings that exceeded analyst expectations for adjusted earnings per share (EPS) and revenue, but provided fourth-quarter EPS guidance below analyst estimates [2][3][4] Financial Performance - Adjusted EPS for the third quarter was $2.83, surpassing the analyst estimate of $2.56 [2] - Quarterly revenue reached $2.29 billion, slightly above the analyst consensus estimate of $2.28 billion [2] Management Commentary - CEO Stefan Larsson highlighted that the company exceeded guidance in revenue, operating margin, and EPS, attributing success to the execution of the PVH+ Plan and the strength of its brands, Calvin Klein and Tommy Hilfiger [3] - Growth was driven by Calvin Klein in categories like underwear and fashion denim, while Tommy Hilfiger saw growth in core lifestyle categories through campaigns like the Hilfiger Racing Club [4] Future Outlook - For the fourth quarter, PVH expects adjusted EPS to be in the range of $3.20 to $3.35, which is below the analyst estimate of $3.61 [4] - Following the earnings report, PVH stock fell by 2.06% to $85.75 in extended trading [4]