Executive Summary
- PVH reported 4Q15 revenues of $2.1 billion, up 2.1% year over year and slightly exceeding the consensus estimate. On a constant currency basis, revenues were up 7%.
- Adjusted EPS was $1.52, above the consensus estimate of $1.46 but down from EPS of $1.76 in the same period last year.
- For 2016, the company expects an increase of 2% in net sales on a constant currency basis, or 1% on a GAAP basis, and EPS of $6.30–$6.50.
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