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