PVH Corp. (PVH) Tops Q4 EPS by 72c, FY EPS Guidance Tops Views

(Updated - March 27, 2023 4:20 PM EDT)

(Updated - March 27, 2023 4:17 PM EDT)

PVH Corp. (NYSE: PVH) reported Q4 EPS of $2.38, $0.72 better than the analyst estimate of $1.66. Revenue for the quarter came in at $2.49 billion versus the consensus estimate of $2.36 billion.

GUIDANCE:

PVH Corp. sees FY2023 EPS of $10.00, versus the consensus of $8.92.

• Revenue: Projected to increase 3% to 4% (2% to 3% on a constant currency basis) as compared to 2022
• Operating margin: Approximately 10%
• EPS: Approximately $10.00

First Quarter 2023 Guidance

PVH Corp. sees Q1 EPS of $1.90 vs consensus of $1.88

• Revenue is projected to be relatively flat as compared to the first quarter of 2022 (increase approximately 3% on a constant currency basis).
  EPS is projected to be approximately $1.90 compared to $1.94 in the first quarter of 2022. The first quarter 2023 EPS projection includes the estimated negative impact of approximately $0.10 per share related to foreign currency translation.
  Interest expense is projected to increase to approximately $23 million compared to $22 million in the first quarter of 2022.
  Effective tax rate is projected to be approximately 24%.

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

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