** charts before earnings **
** charts after earnings **
- One month after earnings:
PVH beats by $0.07, reports revs in-line; guides Q2 above consensus; raises FY17 above consensus :
- Reports Q1 (Apr) earnings of $1.50 per share, excluding non-recurring items, $0.07 better thanthe Capital IQ Consensus of $1.43; revenues rose 2.1% year/year to $1.92 bln vs the $1.9 bln Capital IQ Consensus.
- The Calvin Klein and Tommy Hilfiger businesses outperformed revenue expectations: Calvin Klein rev +13% ex-FX vs. +12% guidance; Tommy Hilfiger rev +4% ex-FX vs. +2% guidance.
- "Our Calvin Klein and Tommy Hilfiger businesses were the highlight, with significant strength demonstrated by our international businesses. Outperformance in Europe and China further demonstrated the power of our brands in key markets and their ability to post growth against a challenging macroeconomic environment."
- Co issues upside guidance for Q2, sees EPS of $1.25-1.30, excluding non-recurring items, vs. $1.21 Capital IQ Consensus Estimate; sees Q2 revs of +4% to ~$1.94 bln vs. $1.88 bln Capital IQ Consensus; TH rev +7% ex-FX; CK +13% ex-FX.
- Co issues upside guidance for FY17, raises EPS to $6.45-6.55 from $6.30-6.50, excluding non-recurring items, vs. $6.46 Capital IQ Consensus; raises FY17 revs to +2% (from 1%) to ~$8.18 bln vs. $8.12 bln Capital IQ Consensus Estimate; TH rev +5% ex-FX; CK rev +5% ex-FX
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