PVH Corp

NYSE:PVH   3:59:54 PM EDT
113.38
+2.90 (+2.62%)
4:00:00 PM EDT: $113.32 -0.06 (-0.05%)
Positive Earnings Pre-Announcement

Pvh Sees Q3 Adj Earnings Per Share $1.95 To $2.00

Published: 08/31/2021 20:26 GMT
PVH Corp (PVH) - .
Reports 2021 Second Quarter Results Above Guidance and Raises Full Year Outlook.
Sees Q3 Non-GAAP Earnings per Share $1.95 to $2.00.
Sees FY Non-GAAP Earnings per Share About $8.50.
Sees Q3 GAAP Earnings per Share $3.00 to $3.05.
Q2 Non-GAAP Earnings per Share $2.72.
Q2 GAAP Earnings per Share $2.51.
Q2 Revenue $2.313 Billion Versus Refinitiv Ibes Estimate of $2.14 Billion.
Q2 Earnings per Share Estimate $1.20 -- Refinitiv Ibes Data (analyst estimates).
Q3 Earnings per Share View $1.77 -- Refinitiv Ibes Data (analyst estimates).
Sees Q3 Revenue Up 11 to 13 Percent.
Sees FY GAAP Earnings per Share About $8.80.
Q3 Earnings per Share View $1.77, Revenue View $2.36 Billion -- Refinitiv Ibes Data (analyst estimates).
Expects 2021 Revenue and Earnings Will Be Impacted by Pandemic in Second Half of 2021.
FY Earnings per Share View $6.75 -- Refinitiv Ibes Data (analyst estimates).
Expects to Record a Pre-tax Net Gain of Approximately $110 Million in Its 2021 Earnings on a GAAP Basis.
Experienced Strong Performance in Its International Businesses, Primarily Driven by Europe in Quarter.
Revenue in 2021 is Projected to Increase 26% to 28% (increase 24% to 26% on a Constant Currency Basis) As Compared to 2020.
FY Earnings per Share View $6.75, Revenue View $8.95 Billion -- Refinitiv Ibes Data (analyst estimates).
Quarter Saw a 41% Increase in Tommy Hilfiger Business, a 56% Increase in Calvin Klein Business.
FY Outlook Contemplates Higher Freight and Other Logistics Costs in Second Half of Year.
Revenue is expected to be $2.4 Billion
Adjusted EPS is expected to be $2.05

Next Quarter Revenue Guidance is expected to be $2.36 Billion
Next Quarter EPS Guidance is expected to be $1.97

More details on our Analysts Page.