Insight Report 3 minutes PremiumPVH (PVH) 2Q16 Results: Mixed Picture as International Division Continues to Outpace US Division Coresight Research August 25, 2016 Executive Summary PVH Corp. reported 2Q16 adjusted EPS of $1.47 versus the consensus estimate of $1.28. Revenues increased by 4%, to $1.93 billion, from $1.86 billion in the second quarter last year, and missed the consensus estimate of $1.94 billion. Calvin Klein revenue was up 12% and Tommy Hilfiger revenue was up 6%, but these increases were offset by a 14% decrease in revenues for the company’s Heritage Brands. For FY16, the company increased its EPS guidance to $6.55–$6.65, which includes an impact of $1.60 per share related to foreign currency exchange. This is up from previous EPS guidance of $6.45–$6.55, which included a negative impact of $1.55 from foreign currency. This report is for paying subscribers only. Already a paying subscriber? Please log in to see the entire report.If you wish to learn more about our subscription plans and become a paying subscriber, click here. This document was generated for Other research you may be interested in: US Store Tracker Extra, October 2023: Retailers To Open 86 Million Square Feet of Retail Space This YearMetaverse Pioneers: Learnings for Fashion Brands from the Web 3.0 Strategies of Adidas and NIKEEarnings Insights 4Q23, Week 4: Gildan Activewear, Sprouts Farmers Market and Walmart See Strong Sales Growth; The Home Depot Sees a DeclineShoptalk 2024 “Shark Reef” Startup Pitch Competition: Preview—12 Innovators, Four Areas of Retail Disruption
