Executive Summary
- PVH reported 4Q17 total revenues of $2.50 billion, up 18.6% year over year and beating the $2.35 billion consensus estimate. Adjusted EPS was $1.58, above the consensus estimate of $1.47 and up 28.5% from the year-ago quarter.
- For the quarter, comparable-store sales increased 4% for Calvin Klein International, 6% for Tommy Hilfiger and 1% for Heritage Brands.
- The company announced its full-year 2018 revenue guidance for a 7% increase, implying a target of $9.50 billion (approximately 4% on a constant-currency basis) compared to the consensus estimate of $9.25 billion and to 2017’s revenue total of $8.90 billion.
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