PVH posts strong revenue growth in Europe, raises outlook

Third quarter revenue at PVH Corp. increased 3 percent or 4 percent on constant currency to 2.6 billion dollars. The company’s earnings per share on a GAAP basis were 2.82 dollars compared to 3.15 dollars in the prior year period, while earnings per share on a non-GAAP basis were 3.10 dollars compared to 3.21dollars in the prior year period. For the full year, on GAAP basis, the company has raised earnings outlook to 8.04 dollars to 8.06 dollars from 7.95 dollars to 8.05 dollars previously and non-GAAP basis, PVH expects full year earnings per share to be in the range of 9.43 dollars to 9.45 dollars from 9.30 dollars to 9.40 dollars previously.