Calvin Klein-Owner PVH (PVH) Surges After Smashing Q2 Profit Views and Guidance, Analysts Expect Shares to Outperform
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PVH Corp. Reports 2021 Second Quarter Results Above Guidance and Raises Full Year Outlook
August 31, 2021 4:15 PM EDTSecond quarter revenue increased 46% to $2.313 billion (increased 40% on a constant currency basis) compared to the prior year period and exceeded guidance Revenue in international businesses significantly exceeded 2019 pre-pandemic levels Revenue through digital channels grew approximately 35% compared to the prior year period Digital penetration as a percentage of total revenue continues to be approximately 25% Gross margin for the quarter exceeded 2019 pre-pandemic levels Second quarter EPS exceeded guidance and was: GAAP basis: $2.51 compared to guidance of $0.79 to $0.82 Non-GAAP basis: $2.72 compared to guidance of $1.15 to... More
