Calvin Klein-Owner PVH (PVH) Surges After Smashing Q2 Profit Views and Guidance, Analysts Expect Shares to Outperform

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Go back to Calvin Klein-Owner PVH (PVH) Surges After Smashing Q2 Profit Views and Guidance, Analysts Expect Shares to Outperform

PVH Corp. Reports 2021 Second Quarter Results Above Guidance and Raises Full Year Outlook

August 31, 2021 4:15 PM EDT

Second quarter revenue increased 46% to $2.313 billion (increased 40% on a constant currency basis) compared to the prior year period and exceeded guidance Revenue in international businesses significantly exceeded 2019 pre-pandemic levels Revenue through digital channels grew approximately 35% compared to the prior year period Digital penetration as a percentage of total revenue continues to be approximately 25% Gross margin for the quarter exceeded 2019 pre-pandemic levels Second quarter EPS exceeded guidance and was: GAAP basis: $2.51 compared to guidance of $0.79 to $0.82 Non-GAAP basis: $2.72 compared to guidance of $1.15 to... More