PVH Corp. (PVH) Tops Q2 EPS by 8c; Guides FY EPS Below the Street
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PVH Corp. Reports 2022 Second Quarter Results and Updates Full Year Outlook
August 30, 2022 4:15 PM EDTSecond quarter revenue decreased 8% to $2.132 billion compared to the prior year period (flat on a constant currency basis) Second quarter EPS GAAP basis: $1.72 compared to guidance of approximately $2.20. Results included a $50 million pre-tax charge related to the Companys decision to exit from its Russia business, not previously included in guidance Non-GAAP basis: $2.08 compared to guidance of approximately $2.00 Included an increased negative impact of $0.35 per share related to foreign currency translation compared to guidance of approximately $0.25 Full year revenue outlook: Projected to decrease 4% to 3%... More
