PVH Corp

NYSE:PVH   10:21:45 AM EDT
112.35
+2.00 (+1.81%)
Restructuring / Reorganization, Other Pre-Announcement

PVH Corp. Reports Q4 GAAP Loss Per Share Of $0.81

Published: 03/30/2021 22:25 GMT
PVH Corp (PVH) - .
Reports 2020 Fourth Quarter and Full Year Results and Provides 2021 Outlook.
Q4 Non-GAAP Loss per Share $0.38.
Q4 GAAP Loss per Share $0.81.
Q4 Earnings per Share Estimate $-0.31 -- Refinitiv Ibes Data (analyst estimates).
Sees Q1 Non-GAAP Earnings per Share $0.80 to $0.83.
Sees Q1 GAAP Earnings per Share $0.28 to $0.31.
Q4 Revenue $2.09 Billion Versus Refinitiv Ibes Estimate of $2.12 Billion.
Q1 Earnings per Share View $0.84 -- Refinitiv Ibes Data (analyst estimates).
Expects 2021 Revenue and Earnings Will Continue to Be Impacted Negatively by Pandemic, Particularly in Q1.
Expects Its International Businesses to Exceed 2019 Pre-pandemic Revenue Levels in First Half of Year.
North America Businesses Are Expected to Remain Challenged Throughout 2021.
Continues to Tightly Manage Its Inventory and Expects Gross Margin to Improve in 2021 Compared to 2020.
In 2021, Company Will Reduce Its Workforce in Certain International Markets and Reduce Its Real Estate Footprint.
Currently Projects That 2021 Earnings per Share on a GAAP Basis Will Be Approximately $5.00.
Currently Projects That 2021 Earnings per Share on a Non-GAAP Basis Will Be Approximately $6.00.
Revenue in 2021 is Projected to Increase 22% to 24% (increase 19% to 21% on a Constant Currency Basis).
Q4 Revenue Decrease Was Due to 16% Fall in Tommy Hilfiger Business Compared to Prior Year Period.