PVH Corp. PVH, -3.58% said late Thursday it expects fourth-quarter revenue of “at least” $2.4 billion and full-year 2018 revenue of $9.6 billion, above its prior expectations. The company said it can’t project GAAP fourth quarter and full-year 2018 earnings per share at this time, but projected adjusted EPS of at least $1.75 for the quarter, 15 cents above the high end of its guidance range announced in November. Adjusted EPS for the year is seen around $9.50, the company said. In the same statement, PVH, which earlier Thursday detailed changes for its Calvin Klein brand, said the Calvin Klein restructuring would cost about $120 million over the next 12 months to cover severance, inventory markdowns, and other expenses, including lease-termination expenses related to closing down its flagship store on Madison Avenue in New York City. Shares of PVH were flat in the extended session and ended 3.6% lower in the regular trading day.
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