Shares of PVH Corporation (PVH) have surged 27.4% in the past year, outperforming the Zacks Textile - Apparel industry's 1.1% decline and the broader Consumer Discretionary sector's 16.4% rise. This upside can be attributed to the company's smooth execution of its PVH+ Plan, which aims to deliver sustainable growth. Strength in brands, particularly Calvin Klein and TOMMY HILFIGER, is an added positive. Currently priced at $97.13, PVH stock is trading at 31.2% to its 52-week high of $141.15, reached on April ...

Core Insights - PVH Corp. reported strong adjusted earnings of $3.01 per share for Q2 fiscal 2024, a 52% increase from $1.98 in the same quarter last year, surpassing both the Zacks Consensus Estimate of $2.27 and the company's guidance of $2.25 [2][11] - Revenues decreased by 6% year over year to $2,074 million, but still exceeded the consensus estimate of $2,068 million [2][3] Financial Performance - The company's gross profit was $1.2 billion, down 2.1% year over year, while gross margin expanded by 250 basis points to 60.1% due to lower product costs and a favorable shift in channel mix [6] - Selling, general and administrative expenses decreased by 4.8% year over year to $1.08 billion [6] - Adjusted earnings before interest and taxes rose by 21.4% to $173.9 million compared to the prior-year quarter [6] Segment Analysis - Revenues for the Calvin Klein segment fell by 1% year over year, while Tommy Hilfiger brand revenues dropped by 4% [7] - The Heritage Brands segment experienced a significant decline, with revenues plummeting by 60% year over year, including a 56% drop in women's intimates [8] Revenue Breakdown - International revenues decreased by 4%, primarily due to challenges in the Asia Pacific region, particularly in China and Australia [3] - Direct-to-consumer revenues declined by 5%, with physical store revenues down 4% and digital commerce down 6% year over year [4] - Wholesale revenues fell by 9%, largely due to a 7% reduction in the Heritage Brands women's intimates business [5] Guidance - For Q3, revenues are projected to decline by 6-7%, with adjusted EPS expected to be $2.50 compared to $2.90 in the prior year [11] - For fiscal 2024, the company anticipates a revenue decline of 6-7%, including a 2% reduction due to the divestiture of the Heritage Brands women's intimates business [12] - Management expects non-GAAP EPS in the range of $11.55-$11.80, up from the previous guidance of $11-$11.25 [13] Shareholder Returns - The company repurchased 2 million shares for $25 million and plans to repurchase a total of $400 million in shares for fiscal 2024 [10]

Core Viewpoint - PVH Corp reported disappointing second-quarter earnings, leading to a significant decline in its stock price, despite some analysts maintaining positive ratings and price targets. Financial Performance - PVH reported adjusted earnings of $3.01 per share, surpassing the consensus estimate of $2.29 per share, primarily due to a $0.55 per share benefit from an unplanned favorable tax settlement [2] - Revenues decreased by 6% year-on-year, but this was better than the market expectations of a 6.3% contraction [2] Guidance and Outlook - The company raised its full-year earnings guidance, reflecting the tax benefit, but still anticipates a revenue decline of 6% to 7% [3] - Management indicated that the softer trends observed at the end of the second quarter, particularly in the U.S. and China, are expected to persist in the latter half of the year [5] - The guidance for adjusted earnings suggests an operating margin contraction of approximately 150 basis points year-on-year at the midpoint [5] Analyst Ratings - Goldman Sachs analyst Brooke Roach maintained a Buy rating with a price target of $144 [1] - JPMorgan analyst Matthew Boss reiterated an Overweight rating with a price target of $154, noting that the full-year guidance reflects the flow-through of the second quarter's tax benefit [1][3] Stock Performance - PVH shares declined by 6.24% to $97.94 at the time of publication [6]

Group 1 - PVH Corp reported strong second-quarter earnings of $3.01 per share, exceeding analyst estimates of $2.28, with revenue of $2.07 billion slightly beating expectations, but disappointing guidance for the third quarter and full year due to declining international sales [1] - Analysts have lowered their price targets for PVH, with Wells Fargo reducing it to $130 and Evercore ISI to $125, both down from $145, while the 12-month consensus price target remains at $133.64, indicating a premium over current levels [2] - Following the earnings report, PVH stock experienced a decline of 6.9% to $97.29, marking its largest daily percentage drop since April, and is down 20.6% year to date [3] Group 2 - The options market for PVH has seen double the average daily options volume, with the September 100 call being the most popular contract, followed by the 100 put, both of which are top open interest positions [3]

PVH (PVH) reported $2.07 billion in revenue for the quarter ended July 2024, representing a year-over-year decline of 6%. EPS of $3.01 for the same period compares to $1.98 a year ago. The reported revenue compares to the Zacks Consensus Estimate of $2.07 billion, representing a surprise of +0.29%. The company delivered an EPS surprise of +32.60%, with the consensus EPS estimate being $2.27. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectat ...

PVH (PVH) came out with quarterly earnings of $3.01 per share, beating the Zacks Consensus Estimate of $2.27 per share. This compares to earnings of $1.98 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 32.60%. A quarter ago, it was expected that this owner of the Calvin Klein and Tommy Hilfiger brands would post earnings of $2.14 per share when it actually produced earnings of $2.45, delivering a surprise of 14.49%. Over the ...

Company Overview - PVH Corporation, headquartered in New York, specializes in designing and marketing branded apparel including dress shirts, neckwear, sportswear, jeanswear, intimate apparel, and footwear [11] - The company operates globally, selling products through various distribution channels including department stores and direct-to-consumer retail [11] Investment Ratings - PVH is currently rated 3 (Hold) on the Zacks Rank, indicating a neutral outlook [12] - The company has a VGM Score of A, suggesting strong overall performance across value, growth, and momentum metrics [12] Performance Metrics - PVH has a Momentum Style Score of B, with shares increasing by 3.5% over the past four weeks [12] - The Zacks Consensus Estimate for PVH's earnings has been revised upwards by $0.01 to $11.25 per share for fiscal 2025, reflecting positive analyst sentiment [12] - The company has an average earnings surprise of 10.1%, indicating a history of exceeding earnings expectations [12] Investment Considerations - With a solid Zacks Rank and strong Momentum and VGM Style Scores, PVH is recommended for investors looking for potential opportunities in the Consumer Discretionary sector [13]

PVH Corp. PVH, the clothing company that owns brands such as Tommy Hilfiger and Calvin Klein, will release earnings results for its second quarter, after the closing bell on Tuesday, Aug. 27. Analysts expect the New York-based company, which also owns Warner's, Olga and True & Co., to report quarterly earnings at $2.29 per share. That's up from $1.98 per share in the year-ago period. PVH is projected to post revenue of $2.07 billion, according to data from Benzinga Pro. On Aug. 7, PVH declared a quarterly c ...

olaser Soon after my last article on the Tommy Hilfiger and Calvin Klein brands' owner PVH Corp. (NYSE:PVH), its stock price fell off a cliff following its final quarter (Q4 2023) and full-year 2023 (year ending January 2024) results (see chart below). The results themselves weren't bad compared with expectations. But there was a very good reason for the price decline. The outlook, as the company expected the number to contract by 6-7% in 2024 in both reported and constant currency terms. With a 10% year-on ...

PVH Corp. PVH, the clothing company that owns brands such as Tommy Hilfiger and Calvin Klein, will release earnings results for its second quarter, after the closing bell on Tuesday, Aug. 27. Analysts expect the New York-based company, which also owns Warner's, Olga and True & Co., to report quarterly earnings at $2.29 per share. That's up from $1.98 per share in the year-ago period. PVH is projected to post revenue of $2.07 billion, according to data from Benzinga Pro. With the recent buzz around PVH, some ...