PVH Corp (PVH) Reports Q4 Earnings Beat and Raise

PVH Corp. (NYSE: PVH) reported its fourth-quarter results Tuesday, with earnings per share of $2.84 coming in better than the consensus estimate of $2.00.

Revenue grew 16% year-over-year to $2.43 billion, compared to the consensus estimate of $2.37 billion, despite ongoing supply chain and logistics challenges and the impacts of the Omicron variant, and reflected strong performance in the company’s international businesses, mainly driven by Europe.

The company expects Q1/22 EPS to be in the range of $1.55-$1.60, and revenue to be relatively flat (or up approximately 4% on a constant currency basis) compared to Q1/21.

For the full 2022-year, the company expects EPS of $10.15, compared to the consensus estimate of $9.92, and revenue growth of 2%-3% (or up 6%-7% on a constant currency basis) compared to 2021.

By Davit Kirakosyan

You May Also Be Interested In

• Meta AI agent ‘Muse’ triggers massive tech rally as chips and Wall Street soar
• Super Micro Computer rises on AI server market optimism
• BMO Capital Reiterates Market Perform Rating on Axalta Coating Systems (AXTA)