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PVH Corp. (PVH)

  • Jun. 3, 2014, 5:35 PM
  • Mar. 25, 2014, 4:06 PM
    • Phillips-Van Heusen (PVH): Q4 EPS of $1.43 beats by $0.01.
    • Revenue of $2.05B (+25.0% Y/Y) misses by $20M.
    • Shares +0.21% AH.
    • Press Release
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  • Mar. 25, 2014, 12:10 AM
  • Mar. 24, 2014, 5:35 PM
  • Feb. 25, 2014, 9:25 AM
    • Moody's revises its outlook on PVH Corp (PVH) to Positive and affirms the company's current credit ratings.
    • The ratings agency views the company's integration of The Warnaco Group favorably.
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  • Jan. 31, 2014, 3:35 PM
    • PVH Corporation (PVH -0.4%) adds two new members to its board, naming Brent Callinicos, CFO if Uber Technologies, and Steven Madden CEO Edward Rosenfeld.
    • The board will now have 14 members.
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  • Jan. 16, 2014, 2:18 PM
    • A new survey on luxury spending by wealthy consumers in China indicates a soft demand trend may continue.
    • Spending on gifts fell 25% last year, while overall spending by the wealthy fell 15%.
    • A number of factors are in play with Chinese consumption taxes high and the government cracking down on corruption, but the underlying trend is that a surprising number of high net worth consumers are leaving China for new residences overseas.
    • The good news for the sector is that some of the lost sales could be recaptured in different markets.
    • Related stocks: Gucci (GUCG), Prada, Louis Vuitton (LVMUY), Coach (COH), Ralph Lauren (RL), Michael Kors (KORS), Swatch (SWGAY), Burberry (BURBY), Louis Vuitton (LVMHF), Tiffany (TIF), and Warnaco (WRC).
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  • Dec. 21, 2013, 10:44 PM
    • "Investors should regard it as a clear path to faster profit growth," Jack Hough says of PVH's move to reunite Calvin Klein's product lines with the $2.9B purchase of Warnaco.
    • Barron's is bullish on PVH and says the shares could gain as much as 20% next year if the Warnaco purchase is handled as well as the fist Calvin Klein deal (in 2003) and the Tommy Hilfiger buyout (in 2010).
    • They have "a knack for making ... purchases pay off for shareholders," Hough says.
    • See also: A lot to like with PVH
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  • Dec. 10, 2013, 1:56 PM
    • Brean Capital backs PVH (PVH +3.4%) following the retailer's worse-than-forecast guidance for FQ4.
    • The investment firm acknowledges some short-term pain and takes FY14 - and FY15 EPS estimates lower - but calls the business model of PVH one of the strongest in the apparel industry.
    • Solid balance sheet management by PVH and the global potential for the Tommy Hilfiger and Calvin Kein brands makes shares attractive, says Brean.
    • Shares of PVH have turned around last night's AH loss into a tidy gain.
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  • Dec. 9, 2013, 4:28 PM
    • PVH shares are down 2.7% AH following a FQ3 beat but ligher-than-expected FQ4 guidance.
    • Revenue expanded 38% Y/Y to $2.26B, principally on the back of a $503M in revenue from the acquisition of Warnaco. The Tommy Hilfiger unit generated revenue growth of 10%, or $87M and pre-acquisition Calvin Klein businesses 19%, or $55M, partially offset by a 6% decrease, or $29M, in Heritage Brands.
    • Calvin Klein comps jumped 3% Y/Y in North America but fell 1% internationally in FQ3. Tommy Hilfiger comps rose 3% in N.A. and 4% in Europe. Heritage Brands comps declined 3%.
    • Management guides for Q4 EPS of $1.40-$1.60 (vs. analyst consensus of $1.54) and revenue of $2.08B (vs. $2.14B).
    • Conference call at 9am ET tomorrow, PR
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  • Dec. 9, 2013, 4:07 PM
    • PVH (PVH): FQ3 EPS of $2.30 beats by $0.04.
    • Revenue of $2.26B (+38% Y/Y) beats by $0.04B. Shares -4.4% AH. (PR)
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  • Dec. 9, 2013, 12:10 AM
  • Dec. 8, 2013, 5:35 PM
  • Oct. 2, 2013, 6:42 PM
    • PVH is unloading footwear brand G.H. Bass & Co., owned by the company since 1987, to G-III Apparel (GIII) for $50M in cash. The deal is expected to close in Q4. (PR)
    • PVH expects the sale to hurt its 2013 EPS by $0.05, and to be dilutive by $0.15/share on a full-year basis. Nonetheless, the company is reaffirming its guidance for 2013 EPS of $7. It's also raising its Q3 EPS guidance to $2.25, above prior guidance of $2.20 and a $2.22 consensus.
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  • Sep. 9, 2013, 6:49 PM
    • PVH Corp. (PVH) Q2 beats across the board, but the shares are lower after-hours as the company lowers guidance for Q3.
    • Net earnings however swung to a loss, as acquisition costs offset a 47% rise in total sales Y/Y.
    • Tommy Hilfiger revenue rose 11% to $799M, as same- store sales were up 10% in North America and 11% in its international business.
    • Calvin Klein revenue more than doubled to $671M, mainly due to the Warnaco acquisition.
    • Total gross margin narrowed to 54.4% from 55.6%.
    • For the current quarter, the company expects its EPS to come in around $2.20 a share on revenue of $2.2B, below Street estimates of $2.28 per share on revenue of $2.23B.
    • Shares -4.3% AH.
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  • Sep. 9, 2013, 4:21 PM
    • PVH (PVH): Q2 EPS of $1.39 beats by $0.01.
    • Revenue of $1.96B (+47% Y/Y) beats by $0.07B. Shares -2.74% AH. (PR)
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Company Description
PVH Corp is an apparel company, which designs and markets branded dress shirts, neckwear, sportswear,jeanswear, intimate apparel, swim productsand, to a lesser extent, footwear and other related products.