PVH Corp (NYSE: PVH) stock rose over 3.4% on December 3rd, 2018 (Source: Google finance). Net income attributable to the New York-based company rose to $243.1 million in the quarter ended Nov. 4, from $239.2 million a year earlier.
PVH in the third quarter of FY 18 has reported the adjusted earnings per share of $3.21, beating the analysts’ estimates for the adjusted earnings per share of $3.14. The company had reported the adjusted revenue growth of 7 percent to $2.52 billion in the third quarter of FY 18. Due to the 53rd week in 2017, third quarter 2018 comparable store sales are more appropriately compared with the thirteen week period ended November 5, 2017, instead of the thirteen week period ended October 29, 2017.

Revenue in the Tommy Hilfiger business for the quarter increased 11% to $1.1 billion (increased 13% on a constant currency basis) compared to the prior year period. Tommy Hilfiger International revenue increased 16% to $708 million (increased 19% on a constant currency basis) compared to the prior year period, driven by continued strong performance across all regions and channels, including a 13% increase in comparable store sales. Tommy Hilfiger North America revenue increased 3% to $424 million (increased 4% on a constant currency basis) compared to the prior year period, primarily attributable to strength in the wholesale business, as comparable store sales were relatively flat. Revenue in the Calvin Klein business for the quarter increased 2% to $963 million (increased 4% on a constant currency basis) compared to the prior year period. Calvin Klein International revenue increased 3% to $482 million (increased 7% on a constant currency basis) compared to the prior year period, driven by growth in Europe. International comparable store sales increased 1%. Calvin Klein North America revenue increased 1% to $481 million (increased 2% on a constant currency basis) compared to the prior year period, as growth in the wholesale business was partially offset by a 2% comparable store sales decline. Revenue in the Heritage Brands business for the quarter increased 8% to $429 million compared to the prior year period, as solid growth in the wholesale business was partially offset by a 1% comparable store sales decline

