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Tue, Feb. 2, 10:21 AM
- Strength shown by Michael Kors (KORS +16.1%) in digital channels, Japan, and across much of Europe isn't going unnoticed in the apparel sector.
- G-III Apparel (GIII 1.4%), PVH Corp (PVH +3.2%), Vera Bradley (VRA +5%), Fossil (FOSL +1.8%), Lululemon (LULU +2.5%), Kate Spade (KATE +1.1%), and Movado (MOV +0.5%) are all higher on a day broad market averages are wilting.
- Previously: Michael Kors Holdings beats by $0.13, beats on revenue (Feb. 2)
- Previously: Michael Kors soars after earnings shine (Feb. 2)
Mon, Feb. 1, 5:37 PM
Dec. 2, 2015, 4:23 PM
Nov. 23, 2015, 12:29 PM
- High-end global retail stocks are on the move as some analysts see the sector as oversold.
- A positive step forward for trade talks between China and the U.S. may also be contributing to the mini-rally.
- Gainers: Ralph Lauren (RL +1.8%), Guess (GES +3.3%), Coach (COH +2%), Michael Kors (KORS +1.8%), Vera Bradley (VRA +1.6%), Kate Spade (KATE +2.6%), PVH Corp (PVH +1.6%).
Oct. 8, 2015, 10:20 AM
- The apparel sector is out-gaining market averages as sentiment swings positive. There's been some analysis suggesting that apparel sellers will benefit from the Trans-Pacific Partnership on the cost side. Lower cotton and oil prices are also working in the favor of apparel companies, although hedging against the strong U.S. dollar is an ongoing risk.
- On the manufacturing side: G-III Apparel (NASDAQ:GIII) +2.6%, Columbia Sportswear (NASDAQ:COLM) +2.1%, Michael Kors (NYSE:KORS) +1.8%, PVH Corp. (NYSE:PVH) +1.6%, Ralph Lauren (NYSE:RL) +1.4%.
- On the chain store side: Cato (NYSE:CATO) +5.1%, Ascena Retail (NASDAQ:ASNA) +3.4%, American Eagle Outfitters (NYSE:AEO) +3.4%, Abercrombie & Fitch (NYSE:ANF) +3.1%, Francesca's Holdings (NASDAQ:FRAN) +2.6%, L Brands (NYSE:LB) +2.1%.
Jun. 1, 2015, 4:17 PM
- PVH Corp. (NYSE:PVH) reports revenue was up 5% for the Calvin Klein business and 1% for Tommy Hilfiger in Q1 on a constant currency basis.
- The North America retail store comp was -1% for Calvin Klein and -3% for Tommy Hilfiger as a strong U.S. dollar held back international tourist spending.
- The company says it authorized a new $500M buyback program.
- Guidance: PVH expects full-years EPS of $6.85-$6.95 vs. $6.86 consensus.
- Previously: Phillips-Van Heusen beats by $0.12, beats on revenue (June 1)
- PVH +2.41% after hours.
Jun. 1, 2015, 4:02 PM
- Phillips-Van Heusen (NYSE:PVH): Q1 EPS of $1.50 beats by $0.12.
- Revenue of $1.88B (-4.1% Y/Y) beats by $20M.
- Shares +2%.
Apr. 7, 2015, 2:47 PM
- Global clothing stocks are outperforming broad market averages on the day.
- There was some positive commentary out early from Credit Agricole which may have set up the sector for some bids.
- Demand has been improved of late in some Asian markets, while F/X challenges continue to be a large drag for some sellers.
- On the expense side, cotton prices are 28% below the level of a year ago.
- Gainers: Lululemon (LULU +4.2%), Sequential Brands Group (SQBG +6.8%), PVH Corp. (PVH +1.6%), Iconix Brand Group (ICON +1.2%), Ralph Lauren (RL +1.3%), G-III Apparel (GIII +2.1%), Michael Kors (KORS +2%).
Mar. 10, 2015, 12:01 PM
- PVH Corp (PVH -2.8%), G-III Apparel (GIII -2%), Ralph Lauren (RL -1.8%), Luxottica (LUX -2.1%), and Sequential Brands Group (SQBG -3.3%) are all under-performing broad market averages.
- Sentiment in global apparel stocks has eroded on concerns over foreign currency translation and some slipping demand in key Asian markets.
Feb. 9, 2015, 10:14 AM
- PVH Corp. (PVH -5.3%) trades lower on heavy volume to hit a 52-week low.
- Concerns on the impact of the strong U.S. dollar have been voiced on PVH.
- PVH saw F/X translation clip revenue by a full percentage point in Q3.
Sep. 4, 2014, 9:10 AM
Sep. 3, 2014, 5:35 PM
Sep. 3, 2014, 4:06 PM
- 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.
Jun. 5, 2014, 9:12 AM
Jun. 4, 2014, 5:33 PM
Jun. 4, 2014, 5:33 PM
- In addition to missing FQ1 estimates, PVH has cut its full-year EPS guidance by $0.10 to $7.30-$7.40 (below a $7.51 consensus). Revenue is expected to total $8.5B (in-line with consensus).
- The apparel brand owner says it's seeing "heightened promotional activity across the North American retail landscape," and that this trend will also pressure FQ2 margins. Its fiscal 2H outlook is unchanged.
- Tommy Hilfiger sales +6% Y/Y to $862M, Calvin Klein +4% to $665M, Heritage Brands -2% to $436M.
- Retail store comps: +2% Y/Y for Tommy Hilfiger in North America and +6% in Europe; flat for Calvin Klein in North America and -5% international; -11% for Heritage Brands.
- FQ1 results, PR
PVH Corp is an apparel company, which designs and markets branded dress shirts, neckwear, sportswear, jeanswear, intimate apparel, swim products and, to a lesser extent, footwear and other related products.
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