Citi on PVH Corp (PVH) Earnings: '4Q Fine, but Weak F24 Guidance; Europe More Challenging'
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PVH Corp. Reports 2023 Fourth Quarter Revenue and Earnings Above Guidance and Provides 2024 Outlook
April 1, 2024 4:15 PM EDTBOARD AUTHORIZES $2 BILLION INCREASE TO STOCK REPURCHASE PROGRAM
2023 fourth quarter and full year revenue: Fourth quarter revenue of $2.490 billion was flat as compared to the prior year period (decreased 1% on a constant currency basis) and exceeded guidance of a decrease of 3% to 4% Full year revenue increased 2% to $9.218 billion compared to the prior year period (increased 1% on a constant currency basis); guidance was an increase of approximately 1% 2023 fourth quarter and full year EPS exceeded guidance: GAAP basis: $4.55 (fourth quarter) compared to guidance of approximately $3.48 and... More