1544 ET - PVH's 3Q adjusted earnings beat was largely driven by timing, meaning it won't flow through to its full-year outlook, JPMorgan analysts say in a note, citing commentary from their followup call with management. Marketing spend will now be smoothed out over the entirety of the second half of the fiscal year, compared to initial plans for an outsized headwind in 3Q, the analysts say. As a result, the company's narrowed guidance for the year -- which accounts for a lower unmitigated tariff headwind -- translates to 4Q adjusted earnings per share below Wall Street's estimates, they say. Shares fall 12%, to $77.30. (kelly.cloonan@wsj.com)

(END) Dow Jones Newswires

December 04, 2025 15:44 ET (20:44 GMT)

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