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Free Post Earnings Research Report: PVH's Quarterly Revenues Jumped 19%; Adjusted EPS Surged 28%

Stock Monitor: UniFirst Post Earnings Reporting

LONDON, UK / ACCESSWIRE / April 26, 2018 / Active-Investors.com has just released a free earnings report on PVH Corp. (NYSE: PVH). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=PVH. The Company reported its fourth quarter fiscal 2017 and full fiscal year 2017 operating and financial results on March 28, 2018. The global apparel Company exceeded revenue and earnings estimates. Register today and get access to over 1000 Free Research Reports by joining our site below:

www.active-investors.com/registration-sg

Active-Investors.com is currently working on the research report for UniFirst Corporation (NYSE: UNF), which also belongs to the Consumer Goods sector as the Company PVH Corp. Do not miss out and become a member today for free to access this upcoming report at:

www.active-investors.com/registration-sg/?symbol=UNF

Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, PVH most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

www.active-investors.com/registration-sg/?symbol=PVH

Earnings Highlights and Summary

For Q4 2017, PVH's revenues advanced 19% to $2.50 billion compared to $2.11 billion in Q4 2016. The Company's revenue numbers beat analysts' estimates of $2.34 billion.

For FY17, PVH's total revenues grew 9% to $8.91 billion compared to $8.20 billion in FY16. The revenues improved due to PVH's continued commerce strength in Europe and Asia.

During Q4 2017, PVH's gross profit increased 20% to $1.37 billion compared to $1.14 billion in Q4 2016.

For Q4 2017, PVH's GAAP earnings before interest and taxes (EBIT) fell to $58 million from $154 million in Q4 2016. The Company's reported quarter EBIT comprised of $119 million of net costs, consisting of $83 million incurred in connection with Mr. Tommy Hilfiger's employment agreement; $28 million incurred in connection with the Company's redemption and issuance of senior notes; $7 million incurred related to the TOMMY HILFIGER (TH) acquisition in China; a $3 million actuarial loss recognized on retirement plans; and a $2 million net gain recorded in connection with the consolidation within the Company's warehouse and distribution network in North America.

PVH's non-GAAP EBIT was $177 million in Q4 2017 compared to $147 million in Q4 2016. The improvement in earnings was driven by a growth in the Tommy Hilfiger and Calvin Klein businesses.

PVH reported a net income of $108.5 million, or $1.39 per diluted share, in Q4 2017 compared to $100.7 million, or $1.26 per diluted share, in Q4 2016. On a non-GAAP basis, the Company's earnings per share (EPS) were $1.58 in Q4 2017, up 28% compared to $1.23 in Q4 2016. PVH's EPS surpassed Wall Street's estimates of $1.48.

For FY17, PVH posted a net income of $537.8 million, or $6.84 per diluted share, compared to $549.0 million, or $6.79 per diluted share, in FY16. The Company's adjusted EPS were $7.94 in FY17 compared to $6.80 in FY16.

Segment Analysis

During Q4 2017, Calvin Klein's revenues jumped 23% to $977 million on a y-o-y basis, driven by a continued significant growth in Europe, China, and North America wholesale business. Calvin Klein North America revenues increased 13% to $464 million in the reported quarter. The segment's GAAP EBIT was $79 million in the reported quarter compared to $69 million in the prior year's same period.

During Q4 2017, Tommy Hilfiger's revenues jumped 22% to $1.1 billion. The segment's International revenues surged 37% to $702 million on a y-o-y basis, driven by an exceptional performance across all regions and channels, as well as the benefit of a 53rd week in 2017. Tommy Hilfiger North America revenues increased 5% to $439 million. Tommy Hilfiger's GAAP EBIT fell to $47 million in Q4 2017 from $66 million in the prior year's comparable period.

Outlook

For the full fiscal year 2018, PVH is forecasting GAAP EPS to be in the range of $8.76 to $8.86 compared to $6.84 in FY17. The Company is estimating non-GAAP EPS to be in the band of $9.00 to $9.10 for FY18 compared to $7.94 in FY17.

For FY18, PVH is anticipating revenues to grow approximately 7% on a y-o-y basis. The Company's revenues for the Calvin Klein segment are projected to increase approximately 9%, while revenues for the Tommy Hilfiger segment are projected to grow approximately 8%.

For the first quarter of the fiscal year 2018, PVH is projecting GAAP EPS to be in the range of $2.13 to $2.18 compared to $0.89 in the prior year's corresponding period. The Company projects non-GAAP EPS to be in the band of $2.20 to $2.25 for the upcoming quarter compared to $1.65 in Q1 2017.

PVH's revenues are projected to increase by approximately 15% on a y-o-y basis for Q1 2018. The Company's revenues for the Calvin Klein segment are expected to grow approximately 17%, while revenues for the Tommy Hilfiger segment are estimated to gain 19% on a y-o-y basis.

Stock Performance Snapshot

April 25, 2018 - At Wednesday's closing bell, PVH's stock marginally fell 0.66%, ending the trading session at $158.77.

Volume traded for the day: 611.57 thousand shares.

Stock performance in the last month - up 9.31%; previous three-month period - up 4.91%; past twelve-month period - up 54.34%; and year-to-date - up 15.71%.

After yesterday's close, PVH's market cap was at $12.45 billion.

Price to Earnings (P/E) ratio was at 34.43.

The stock has a dividend yield of 0.09%.

The stock is part of the Consumer Goods sector, categorized under the Textile - Apparel Clothing industry. This sector was up 0.2% at the end of the session.

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