PVH Corp (PVH)

[MCArmel1]

Phillips-Van Heusen beats by $0.03, misses on revenue

Mar 25 2015, 16:13 ET | By: Jignesh Mehta, SA News Editor

Phillips-Van Heusen (NYSE:PVH): Q4 EPS of $1.76 beats by $0.03.
Revenue of $2.07B (+1.0% Y/Y) misses by $30M.
Press Release

http://seekingalpha.com/news/2391826-phillips-van-heusen-beats-by-0_03-misses-on-revenue?auth_param=ano5b:1ah65o4:f887f6e1bcac4769127ed7699be497dd&uprof=45#email_link


PVH Corp. Reports 2014 Fourth Quarter and Full Year Results and Announces 2015 Outlook
Wed March 25, 2015 4:01 PM|Business Wire | About: PVH

• Fourth Quarter EPS on a Non-GAAP Basis Matched Top End of Guidance at $1.76, Including a $0.10 Negative Impact Related to Foreign Currency Exchange Rates; GAAP EPS Was $0.62
• Company Provides Preliminary 2015 Non-GAAP EPS Guidance of $6.75 - $6.90, Which Reflects an Expected Negative Impact of Approximately $1.30 Per Share Primarily Related to Foreign Currency Exchange Rates

NEW YORK--(BUSINESS WIRE)-- PVH Corp. (PVH) reported 2014 fourth quarter and full year results and announced 2015 guidance.

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 and constant currency amounts are presented later in this release and identify and quantify all excluded items.

Overview of Fourth Quarter Results:
• Earnings per share on a non-GAAP basis increased 23% to $1.76, including a $0.10 negative impact related to foreign currency exchange rates. Earnings per share on a non-GAAP basis was $1.43 in the prior years fourth quarter.
• GAAP earnings per share was $0.62 compared to prior years fourth quarter loss per share of $(0.46).
• Revenue increased 5% on a constant currency basis (increased 1% on a GAAP basis) over the prior years fourth quarter revenue of $2.05 billion. Revenue changes by business from the prior year period included (i) a 6% increase in the Calvin Klein business on a constant currency basis (2% increase on a GAAP basis); (ii) a 9% increase in the Tommy Hilfiger business on a constant currency basis (2% increase on a GAAP basis); and (iii) a 3% decrease in the Heritage Brands business.

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http://seekingalpha.com/pr/12939516-pvh-corp-reports-2014-fourth-quarter-and-full-year-results-and-announces-2015-outlook