PVH Corp. (PVH) Tops Q1 EPS by $1.09; Raises Outlook
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PVH Corp. Reports 2021 First Quarter Results Above Guidance and Raises Full Year Outlook
June 2, 2021 4:15 PM EDTFirst quarter revenue increased 55% to $2.079 billion (increased 46% on a constant currency basis) compared to the prior year period and exceeded guidance Revenue in the Companys international businesses exceeded 2019 pre-pandemic levels Revenue through digital channels grew approximately 95%, with sales through its directly operated digital commerce businesses up 66% as compared to the prior year period Digital penetration as a percentage of total revenue was approximately 25% Gross margin expansion experienced across all regions and brand businesses, with overall gross margin for the quarter exceeding 2019 pre-pandemic levels First quarter EPS exceeded... More
