Brean Capital Raises Price Target on PVH Corp. (PVH) to $124 Following 2Q Report

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Go back to Brean Capital Raises Price Target on PVH Corp. (PVH) to $124 Following 2Q Report

PVH Corp. Reports 2016 Second Quarter EPS above Guidance and Raises Full Year EPS Guidance

August 24, 2016 4:15 PM EDT

Second quarter revenue increased 4% on a GAAP basis to $1.93 billion (increased 5% on a constant currency basis) compared to the prior year period. Second quarter EPS on a GAAP basis was $1.11 compared to $1.22 in the prior year period. Second quarter EPS on a non-GAAP basis was $1.47, which exceeded previous guidance of $1.25 to $1.30 and included a $0.46 per share negative impact compared to the prior year period related to foreign currency exchange rates. Full year 2016 EPS guidance on a GAAP basis is projected to be in a... More