PVH Corp. Up Slightly on Q4 Results
PVH Corp. (NYSE: PVH ) released its fiscal Q4 earnings results after the closing bell on Tuesday. The company reported net income of $81.2 million, or $1.11 per share, compared to $52.2 million or $0.72 per share, in the year ago period.
On an adjusted basis, earnings were $86.1 million or $1.18 per share, compared to $67.5 million or $0.93 per share, in last year's corresponding quarter. This compared to Wall Street analysts' consensus EPS estimates of $1.10.
Revenues for the quarter were $1.53 billion versus $1.40 billion in last year's fourth quarter. This came in slightly ahead of Street estimates of $1.50 billion.
Looking ahead, the company sees Q1 EPS in a range between $1.08 and $1.10 and adjusted EPS between $1.23 and $1.25. This compares to analysts' current consensus EPS estimates for Q1 of $1.32.
First quarter revenues are expected to be up 1 to 2 percent versus last year's $1.37 billion. Analysts currently have Q1 consensus revenue estimates of $1.43 billion.
For the full year, PVH sees EPS in a range between $5.80 and $5.90 and adjusted EPS between $6.10 and $6.20. This compares to analysts' consensus EPS estimates for the full year of $6.03.
Full year revenues are expected to be flat to up 2 percent versus $5.89 billion last year. This compares to Street consensus revenue estimates of $6.14 billion for the fiscal year.
In Tuesday's after hours trading session, PVH shares have added 0.14% to $89.94.
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