PVH Corp (PVH)

[MCArmel1]

Phillips-Van Heusen beats by $0.09, misses on revenue

Sep 3 2014, 16:06 ET | About: Phillips-Van Heusen Corpo... (PVH) | By: Jignesh Mehta, SA News Editor

Phillips-Van Heusen (NYSE:PVH): Q2 EPS of $1.51 beats by $0.09.
Revenue of $1.98B (+1.0% Y/Y) misses by $10M.
Shares +2.73% AH.
Press Release


http://seekingalpha.com/news/1965785-phillips-van-heusen-beats-by-0_09-misses-on-revenue?uprof=45#email_link


PVH Corp. Reports 2014 Second Quarter Results
Wed September 3, 2014 4:02 PM|Business Wire | About: PVH

• SECOND QUARTER NON-GAAP EPS WAS $1.51, EXCEEDING GUIDANCE OF $1.40 TO $1.45; SECOND QUARTER GAAP EPS WAS $1.52
• COMPANY REAFFIRMS FULL YEAR NON-GAAP EPS GUIDANCE OF $7.30 TO $7.40, WHICH IMPLIES SECOND HALF NON-GAAP EPS GROWTH IN EXCESS OF 15%

NEW YORK--(BUSINESS WIRE)-- PVH Corp. (NYSE:PVH) reported 2014 second quarter results.

Non-GAAP Amounts:

Non-GAAP amounts discussed in this release exclude the items that are described in this release under the heading Non-GAAP Exclusions. Reconciliations of GAAP to non-GAAP amounts are presented later in this release and identify and quantify all excluded items.

Overview of Second Quarter Results:
• Earnings per share on a non-GAAP basis was $1.51 as compared to $1.39 in the prior years second quarter.
• GAAP earnings per share was $1.52 as compared to the prior years second quarter loss per share of $(0.07).
• Revenue was $1.98 billion, an increase of 4% as compared to the prior years second quarter amount excluding $62 million of revenue related to the Bass business (which was sold during the fourth quarter of 2013). Revenue increased 1% as compared to the prior year period including the Bass revenue. Revenue increased 9% in the Companys Tommy Hilfiger business and 1% in the Companys Calvin Klein business. Revenue in the Companys Heritage Brands business was flat to the prior year excluding the $62 million of 2013 Bass revenue and decreased 13% including such revenue.

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http://seekingalpha.com/pr/10924185-pvh-corp-reports-2014-second-quarter-results