PVH Corp

NYSE:PVH   3:59:54 PM EDT
46.76
+1.96 (+4.38%)
Other Pre-Announcement

PVH Corp. Reports 2022 Second Quarter Results And Updates Full Year Outlook

Published: 08/30/2022 21:02 GMT
PVH Corp (PVH) - .
Reports 2022 Second Quarter Results and Updates Full Year Outlook.
Q2 Revenue Fell 8 Percent to $2.132 Billion.
Q2 GAAP Earnings per Share $1.72.
Q2 Non-GAAP Earnings per Share $2.08.
Sees FY GAAP Earnings per Share About $7.64.
Sees FY 2022 Revenue to Decrease 4% to 3%.company Plans to Reduce People Costs in Its Global Offices by Approximately 10%.
Sees Q3 2022 Revenue to Decrease 5% to 4%.
Plans to Reduce People Costs in Its Global Offices by Approximately 10% by End of 2023.
Sees Q3 2022 EPS to Be in a Range of $2.10 to $2.15.
Inventory Increased 19% As of End of Quarter Compared to Prior Year Period.
Q3 2022 EPS Projection Includes Estimated Negative Impacts of $0.18 per Share Related to Co's Businesses in Russia, Belarus and Ukraine.
Q2 Earnings per Share View $2.02, Revenue View $2.21 Billion -- Refinitiv Ibes Data (analyst estimates).
Q3 Earnings per Share View $2.78, Revenue View $2.39 Billion -- Refinitiv Ibes Data (analyst estimates).
FY Earnings per Share View $8.65, Revenue View $9.23 Billion -- Refinitiv Ibes Data (analyst estimates).