PVH(US:PVH) ZACKS·2025-12-04 19:31Core Insights - PVH Corporation reported third-quarter fiscal 2025 results with revenues and earnings exceeding Zacks Consensus Estimates, although earnings declined year over year while revenues increased [1][5][11] Financial Performance - Adjusted earnings per share were $2.83, down 6.6% from $3.03 in the prior year, but above the consensus estimate of $2.56 and the company's guidance of $2.35-$2.50 [5] - Revenues rose 2% year over year to $2.29 billion, surpassing the consensus mark of $2.26 billion, although it was down 1% on a constant-currency basis [5] - Gross profit was $1.29 billion, a decrease of 1.81% year over year, with a gross margin contraction of 210 basis points to 56.3% due to higher tariffs and increased promotional costs [8] - Adjusted selling, general and administrative expenses were $1.09 billion, up 0.8% year over year, while adjusted earnings before interest and taxes totaled $202.3 million, down 14.5% from the prior year [9] Segment Performance - EMEA revenues increased 4% year over year to $1.11 billion, but declined 2% on a constant-currency basis [12] - Americas revenues rose 2% year over year to $682.8 million, driven by wholesale growth, while direct-to-consumer business saw a decline [13] - APAC revenues decreased 1% year over year to $391.9 million, remaining flat on a constant-currency basis [14] - Calvin Klein segment revenues increased 2% year over year, while Tommy Hilfiger revenues rose 1% year over year [15] Strategic Outlook - Management reaffirmed full-year constant-currency revenue and margin outlook, narrowing projections for reported revenues and non-GAAP EPS toward the high end of prior ranges [3] - PVH is focused on accelerating innovation, expanding marketing campaigns, and enhancing marketplace execution to support long-term growth [4] - For fiscal 2025, PVH anticipates low single-digit revenue growth and adjusted EPS of $10.85-$11.00, reflecting an unfavorable impact from tariffs [21][22]