PVH Corp. (PVH) Tops Q1 EPS by 32c, Reiterates FY22 EPS Guidance
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PVH Corp. Reports 2022 First Quarter Results Above Guidance
June 1, 2022 4:15 PM EDTFirst quarter revenue increased 2% to $2.123 billion compared to the prior year period (increased 7% on a constant currency basis) and exceeded guidance First quarter EPS of $1.94 exceeded guidance of $1.55 to $1.60 2022 full year outlook Revenue: Projected to increase 1% to 2% compared to an increase of 2% to 3% previously. Reaffirms projected increase on a constant currency basis of 6% to 7% Operating margin: Reaffirms outlook of approximately 10% EPS: Approximately $9.20 on a GAAP basis and reaffirms outlook of approximately $9.00 on a non-GAAP basis. Outlook includes an increased negative impact of approximately $0.85 per share related to foreign currency translation,... More
