PVH Corp. (NYSE: PVH) reported Q4 EPS of $1.76, $0.03 better than the analyst estimate of $1.73. Revenue for the quarter came in at $2.07 billion versus the consensus estimate of $2.1 billion.

PVH Corp. sees FY2015 EPS of $6.75-$6.90, versus the consensus of $7.37. The guidance reflects an expected negative impact of approximately $1.30 per share primarily related to FX.

Commenting on these results, Emanuel Chirico, Chairman and Chief Executive Officer, noted, “Overall, we are pleased with our fourth quarter results, which matched the top end of our earnings guidance, despite the highly challenging market environment and foreign currency headwinds. The Calvin Klein and Tommy Hilfiger businesses delivered improved year over year results, driven by the strength of their global consumer appeal. 2014 was a year of action for PVH, as we followed through with the investments initiated in 2013, which centered on our people, products, infrastructure, supply chain and distribution. We also announced the exit of our Izod retail business by the end of 2015 to focus on our higher margin businesses.”

Mr. Chirico continued, “Looking ahead to 2015, we are taking a prudent approach to planning our business. The strength of the U.S. dollar relative to other major currencies in which we conduct business and the volatile global macroeconomic environment is expected to have a significant negative impact on our 2015 results. Nonetheless, we expect that our global lifestyle brands, Calvin Klein and Tommy Hilfiger, will continue to demonstrate strong underlying performance globally.”

Mr. Chirico concluded, “We remain committed to maximizing the potential of our businesses and believe the strength of our brands, together with the strategic investments made during 2013 and 2014, along with our strong balance sheet and continued debt repayment, will position us to deliver long term global growth and stockholder value.”

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