PVH Corp, the parent company of Calvin Klein and Tommy Hilfiger, reported its third-quarter financial results for the period ending November 2. Group revenue reached $2.29 billion, a 1.7% YoY increase, slightly surpassing market expectations. However, the company’s GAAP net profit saw a significant decline to $4.2 million, down from $131.9 million in the same period last year. This sharp drop was primarily attributed to a $480 million goodwill impairment charge and an additional $121 million tax expense. By brand, Tommy Hilfiger revenue grew 1% to $1.2 billion, while Calvin Klein revenue increased 2% to $1.0 billion.