PVH (PVH) reported earnings on Wed 27 March 19 (a/h)

** charts before earnings **

 

** charts after earnings **

PVH beats by $0.08, beats on revs; guides AprQ EPS in-line, revs above consensus; guides FY19 EPS in-line, revs above consensus; announces $750 mln increase in share buyback authorization 

• Reports Q4 (Jan) earnings of $1.84 per share, excluding non-recurring items, $0.08 better than the S&P Capital IQ Consensus of $1.76; revenues fell 0.6% year/year to $2.48 bln vs the $2.41 bln S&P Capital IQ Consensus.
• Co issues guidance for Q1 (Apr), sees EPS of $2.40-2.45, excluding non-recurring items, vs. $2.42 S&P Capital IQ Consensus; sees Q1 rev growth of +2%, which we compute as approx $2.36 bln vs. $2.31 bln S&P Capital IQ Consensus.
• Co issues guidance for FY19, sees EPS of $10.30-10.40, excluding non-recurring items, vs. $10.33 S&P Capital IQ Consensus; sees FY19 rev growth of +4%, which we compute as approx $10.04 bln vs. $9.88 bln S&P Capital IQ Consensus.
  • Guidance by segment: Revenue for the Tommy Hilfiger business is projected to increase approximately 6%; Calvin Klein +2% and Heritage Brands +3%.
• Co also authorizes a $750 mln increase and extension to June 2023 of the company's stock repurchase program.