PVH Corp. (PVH) Q4 Revenue Misses Consensus, Offers Guidance
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PVH Corp. Reports 2020 Fourth Quarter and Full Year Results and Provides 2021 Outlook
March 30, 2021 4:15 PM EDTFourth quarter revenue was in line with the Companys guidance despite more extensive lockdowns throughout Europe than previously anticipated: Revenue decreased 20% to $2.090 billion (fourth quarter) and decreased 28% to $7.133 billion (full year) compared to the prior year periods Revenue through digital channels grew 57% (fourth quarter) and 43% (full year), with sales through its directly operated digital commerce businesses up 68% (fourth quarter) and 69% (full year) compared to the prior year periods Digital penetration as a percentage of total revenue doubled in 2020 compared to 2019 EPS on a GAAP basis was $(0.81) (fourth quarter)... More
