The third quarter revenues of PVH Corp, a US-based global apparel companies have declined by 18 per cent to $2.11 billion compared to the revenue of $2.43 billion in the same period last fiscal. The company’s net income for the quarter rose to $69.5 million compared to net loss of $1.07 billion in Q3 FY19.
Total gross profit during Q3 was $1.10 billion while selling, general and administrative expenses were $ 987.2 million.
Sales for Tommy Hilfiger decreased by 12 per cent to $1.08 billion; Calvin Klein sales dropped by 18 per cent to $790.0 million while Heritage Brands by slipped 36 per cent to $238.3 million during the three-month period.
The company aims to focus improving its e-commerce and product offerings, and driving cost efficiencies across the company.
