PVH Corp. reported third quarter (Q3) revenue of USD 2.3 billion, representing a 2 percent increase compared to the prior year period. Q3 earnings per share $(EPS)$ on a GAAP basis were USD 0.09, which includes USD 22 million in pre-tax restructuring costs and other tax-related impacts. On a non-GAAP basis, Q3 EPS was USD 2.83, exceeding previous guidance. For the full year, PVH Corp. narrowed its revenue outlook to an increase in the low single-digits and reaffirmed its outlook for flat to a slight increase. The company also updated its non-GAAP EPS guidance to a range of USD 10.85 to USD 11.00. Full year operating margin on a non-GAAP basis is expected to be approximately 8.5 percent.
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