PVH reports drop in Q3 revenue and earnings

Third quarter revenues at PVH Corp. decreased 18 percent or 21 percent on constant currency to 2.118 billion dollars compared to the prior year period. The company said, this revenue decrease was due to a 12 percent or 16 percent decrease on a constant currency basis in the Tommy Hilfiger business with Tommy Hilfiger North America revenue down 37 percent and Tommy Hilfiger International revenue flat or down 6 percent on a constant currency basis, an 18 percent or 21 percent decrease on a constant currency basis in the Calvin Klein business, with Calvin Klein North America revenue down 39 percent and Calvin Klein International revenue flat or down 4 percent on a constant currency basis and a 36 percent decrease in the Heritage Brands business compared to the prior year period.