PVH (PVH) reported fiscal Q1 non-GAAP net income late Wednesday of $2.01 per diluted share, down from $2.30 a year earlier.

Analysts polled by FactSet expected $1.82.

Revenue in the three months ended May 3 rose to $2.03 billion from $1.98 billion a year earlier.

Analysts expected $2 billion.

The company affirmed full-year non-GAAP EPS guidance of $11.80 to $12.10 and expects flat revenue compared with the prior forecast of a slight increase. Analysts expect EPS of $12.10 on revenue of $9.02 billion.

PVH shares slumped 13% in after-hours trading.