PVH Corp. (PVH) Tops Q3 EPS by 6c; Issues Light Q4 Outlook
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Price: $110.79 -1.84%
EPS Growth %: +0.9%
Financial Fact:
Diluted net income per common share (in dollars per share): 1.56
Today's EPS Names:
FRSB, DGICA, UXIN, More
EPS Growth %: +0.9%
Financial Fact:
Diluted net income per common share (in dollars per share): 1.56
Today's EPS Names:
FRSB, DGICA, UXIN, More
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(Updated - December 9, 2013 4:44 PM EST)
PVH Corp. (NYSE: PVH) reported Q3 EPS of $2.30, $0.06 better than the analyst estimate of $2.24. Revenue for the quarter came in at $2.26 billion versus the consensus estimate of $2.22 billion.
Revenue in the Calvin Klein business increased $480 million to $800 million from $320 million in the prior year’s third quarter. $425 million of the increase was attributable to the Warnaco businesses acquired, net of the reduction in licensing revenue attributable to Warnaco. Earnings before interest and taxes for the Calvin Klein business increased to $144 million on a non-GAAP basis as compared to $92 million in the prior year’s third quarter.
The Tommy Hilfiger business posted revenue of $921 million, a 10% increase as compared to $834 million in the prior year’s third quarter. Revenue in the Tommy Hilfiger North America business increased 10%, principally driven by 3% retail comparable store sales growth, retail square footage expansion and double-digit growth in the wholesale sportswear business. GAAP earnings before interest and taxes for the Tommy Hilfiger business increased 30% to $168 million from $129 million in the prior year’s third quarter due to the non-GAAP earnings increase discussed above, combined with $24 million of income recorded in the third quarter of 2013 due to the amendment of an unfavorable contract, which resulted in the reduction of a liability recorded at the time of the Tommy Hilfiger acquisition, and the absence in 2013 of costs incurred in connection with the Tommy Hilfiger integration and the related restructuring.
Total revenue for the Heritage Brands businesses increased 10% to $539 million, as compared to $490 million in the prior year’s third quarter. On a GAAP basis, earnings before interest and taxes for the Heritage Brands business was $14 million as compared to $47 million in the prior year’s third quarter.
PVH Corp. reaffirmed FY2013 guidance.
Sees Q4 2013 EPS of $1.40, versus the consensus of $1.53. Sees Q4 2013 revenue of $2.08 billion, versus the consensus of $2.14 billion.
For earnings history and earnings-related data on PVH Corp. (PVH) click here.
PVH Corp. (NYSE: PVH) reported Q3 EPS of $2.30, $0.06 better than the analyst estimate of $2.24. Revenue for the quarter came in at $2.26 billion versus the consensus estimate of $2.22 billion.
Revenue in the Calvin Klein business increased $480 million to $800 million from $320 million in the prior year’s third quarter. $425 million of the increase was attributable to the Warnaco businesses acquired, net of the reduction in licensing revenue attributable to Warnaco. Earnings before interest and taxes for the Calvin Klein business increased to $144 million on a non-GAAP basis as compared to $92 million in the prior year’s third quarter.
The Tommy Hilfiger business posted revenue of $921 million, a 10% increase as compared to $834 million in the prior year’s third quarter. Revenue in the Tommy Hilfiger North America business increased 10%, principally driven by 3% retail comparable store sales growth, retail square footage expansion and double-digit growth in the wholesale sportswear business. GAAP earnings before interest and taxes for the Tommy Hilfiger business increased 30% to $168 million from $129 million in the prior year’s third quarter due to the non-GAAP earnings increase discussed above, combined with $24 million of income recorded in the third quarter of 2013 due to the amendment of an unfavorable contract, which resulted in the reduction of a liability recorded at the time of the Tommy Hilfiger acquisition, and the absence in 2013 of costs incurred in connection with the Tommy Hilfiger integration and the related restructuring.
Total revenue for the Heritage Brands businesses increased 10% to $539 million, as compared to $490 million in the prior year’s third quarter. On a GAAP basis, earnings before interest and taxes for the Heritage Brands business was $14 million as compared to $47 million in the prior year’s third quarter.
PVH Corp. reaffirmed FY2013 guidance.
Sees Q4 2013 EPS of $1.40, versus the consensus of $1.53. Sees Q4 2013 revenue of $2.08 billion, versus the consensus of $2.14 billion.
For earnings history and earnings-related data on PVH Corp. (PVH) click here.
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