PVH Corp Q3 Earnings Report

Investing.com — PVH Corp posted third-quarter results Wednesday that topped Wall Street estimates, but the apparel retailer lowered the high end of its full-year earnings guidance range amid a hit from a stronger dollar.

PVH Corp (NYSE:PVH) fell 6% in after-hours trading Wednesday.

For the quarter ended Nov. 3, the company reported adjusted Q3 earnings of $3.03 a share on revenue of $2.26 billion, beating estimates of $2.58 on revenue of $2.22B.

Gross margin rose to 58.4% from 56.7% in the prior year period.

Looking ahead to the full year, the company said it now expects adjusted EPS in a range of $11.55 to $11.70, compared to $11.55 to $11.80 previously, owing to a $0.15 per share hit from foreign currency translation, up from approximately $0.05 previously.

The company reaffirmed full-year revenue guidance to decrease between 6% and 7%.