PVH Corp. (PVH) Tops Q2 EPS by 2c; Issues Light Q3 Outlook
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Price: $77.97 +1.17%
EPS Growth %: +18.7%
Financial Fact:
Royalty revenue: 93.9M
Today's EPS Names:
OCCI, MAYS, CRMT, More
EPS Growth %: +18.7%
Financial Fact:
Royalty revenue: 93.9M
Today's EPS Names:
OCCI, MAYS, CRMT, More
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PVH Corp. (NYSE: PVH) reported Q2 EPS of $1.39, $0.02 better than the analyst estimate of $1.37. Revenue for the quarter came in at $1.97 billion versus the consensus estimate of $1.89 billion.
The increase was principally driven by the addition of approximately $507 million of revenue related to the newly acquired Warnaco businesses, net of a reduction in licensing revenue attributable to Warnaco for the prior year. Also contributing to the increase was incremental revenue of $77 million in the Tommy Hilfiger business, $43 million in the pre-acquisition Calvin Klein businesses and $22 million in the pre-acquisition Heritage Brands wholesale businesses, partially offset by a reduction of $13 million in the Heritage Brands Retail business and $8 million attributable to the Izod women’s and Timberland wholesale sportswear businesses that the Company exited in 2012.
PVH Corp. reaffirmed FY2013 guidance.
The company sees Q3 revenue of about $2.2 billion and adjusted EPS of $2.20. The Street sees revenue of $2.23 billion and EPS of $2.30.
For earnings history and earnings-related data on PVH Corp. (PVH) click here.
The increase was principally driven by the addition of approximately $507 million of revenue related to the newly acquired Warnaco businesses, net of a reduction in licensing revenue attributable to Warnaco for the prior year. Also contributing to the increase was incremental revenue of $77 million in the Tommy Hilfiger business, $43 million in the pre-acquisition Calvin Klein businesses and $22 million in the pre-acquisition Heritage Brands wholesale businesses, partially offset by a reduction of $13 million in the Heritage Brands Retail business and $8 million attributable to the Izod women’s and Timberland wholesale sportswear businesses that the Company exited in 2012.
PVH Corp. reaffirmed FY2013 guidance.
The company sees Q3 revenue of about $2.2 billion and adjusted EPS of $2.20. The Street sees revenue of $2.23 billion and EPS of $2.30.
For earnings history and earnings-related data on PVH Corp. (PVH) click here.
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