PVH Corp. (NYSE: PVH) reported Q2 EPS of $2.18, $0.08 better than the analyst estimate of $2.10. Revenue for the quarter came in at $2.33 billion versus the consensus estimate of $2.29 billion.

• Second quarter revenue increased 13% (increased 11% on a constant currency basis) compared to the prior year period and exceeded guidance
• Second quarter EPS exceeded guidance and was:
  • GAAP basis: $2.12 compared to guidance of $1.98 to $2.03
  • Non-GAAP basis: $2.18 compared to guidance of $2.05 to $2.10
• Full year 2018 EPS outlook raised despite reduced foreign currency benefit:
  • GAAP basis: Raised to $8.96 to $9.01 from $8.81 to $8.91 previously
  • Non-GAAP basis: Raised to $9.20 to $9.25 from $9.05 to $9.15 previously
  • The strengthening U.S. dollar lowered the estimated positive impact of foreign currency translation to $0.07 per share, from $0.12 previously

Commenting on these results, Emanuel Chirico, Chairman and Chief Executive Officer, noted, “Our better than expected second quarter revenue and earnings reflected continued broad-based strength across our businesses and further underscored the momentum in our global designer lifestyle brands, CALVIN KLEIN and TOMMY HILFIGER, and the power of our diversified business model.”

Mr. Chirico continued, “We are increasingly evolving our business model and investing across our brands, our people and our platforms, while finding innovative ways to engage consumers. We have made great progress in enhancing our consumer insights capabilities, increasing our efforts around online and offline consumer experiences, and driving engagement with the next generation of consumers. As we execute on our strategic priorities, we believe that we can continue to grow our global footprint, while delivering a sustainable trajectory of long-term growth and stockholder value creation.”

Mr. Chirico concluded, “We are increasing our revenue and earnings guidance for the year, while continuing to take a prudent approach to planning our business in the second half of the year, as we experience increasing macroeconomic and geopolitical volatility around the world.”

GUIDANCE:

PVH Corp. sees FY2018 EPS of $9.20-$9.25, versus the consensus of $9.18.

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