PVH Corp. (PVH) Tops Q1 EPS by 29c, Offers Guidance

PVH Corp. (NYSE: PVH) reported Q1 EPS of $2.45, $0.29 better than the analyst estimate of $2.16. Revenue for the quarter came in at $1.93 billion versus the consensus estimate of $1.93 billion.

GUIDANCE:

PVH Corp. sees FY2024 EPS of $11.00-$11.25, versus the consensus of $10.99.

• Revenue: Reaffirms projected decrease of 6% to 7% (decrease 6% to 7% on a constant currency basis)
• Operating margin: Reaffirms outlook of approximately flat compared to 10.1% in 2023
• EPS:
• GAAP basis: Raising to $11.15 to $11.40 compared to $10.75 to $11.00 previously
• Non-GAAP basis: Raising to $11.00 to $11.25 compared to $10.75 to $11.00 previously (there were no non-GAAP exclusions in the guidance)

For earnings history and earnings-related data on PVH Corp. (PVH) click here.

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