PVH Corp. (PVH) Tops Q1 EPS by 5c, FY Guidance Tops Views

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PVH Corp. Reports 2017 First Quarter Revenue and EPS above Guidance and Raises Full Year Guidance

May 24, 2017 4:15 PM EDT

First quarter revenue increased 4% (increased 5% on a constant currency basis) compared to the prior year period, which exceeded guidance. First quarter EPS exceeded guidance: GAAP basis: $0.89 compared to guidance of $0.73 to $0.75 Non-GAAP basis: $1.65 compared to guidance of $1.58 to $1.60 EPS included a negative impact of $0.11 per share related to foreign currency exchange rates compared to guidance of $0.10 Full year 2017 EPS guidance: GAAP basis: Raised to $6.24 to $6.34 from $6.20 to $6.30 previously Non-GAAP basis: Raised to $7.40 to $7.50 from $7.30 to $7.40 previously... More