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Phillips-Van Heusen Corporation (PVH)

  • Mar. 22, 2012, 11:49 AM
    Phillips-Van Heusen (PVH -1%) shares slide despite Deutsche Bank's upgrade to Buy with a $100 price target from its previous $31. The firm's client meetings suggest short-term concerns take a back-seat to long-term opportunities: "Relatively safe exposure to Europe, EPS visibility, still-reasonable valuation and further potential catalysts should drive incremental P/E expansion."
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  • Mar. 5, 2012, 10:01 AM
    Phillips-Van Heusen (PVH +0.4%) unit Calvin Klein plans to reacquire licenses from Warnaco (WRC +0.8%) in order to help it re-establish its brand in Europe. The company sees sales in Europe reaching as high as $500M within 5 to 7 years for the CK line.
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  • Feb. 28, 2012, 6:31 PM
    More on Warnaco (WRC): Q4 misses across the board on higher restructuring and pension charges as the apparel company's sales growth was driven almost exclusively by its Calvin Klein brand. The company also issues downbeat guidance for 2012, now expecting to earn between $4.20 - $4.45 per share on revenue growth of 4% - 6% over 2011 levels. Street estimates are for an EPS of $4.47 and revenue growth of around 7%.
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  • Feb. 28, 2012, 6:09 PM
    Warnaco Group (WRC): Q4 EPS of $0.97 misses by $0.02. Revenue of $615M (+3.9% Y/Y) misses by $12M. (PR)
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  • Feb. 24, 2012, 2:35 PM
    Benchmark is cutting Warnaco (WRC -0.1%) to Hold ahead of its Q4 report next week, saying it's expecting inline numbers, but for guidance to fall short for a host of reasons, including headwinds from Olympic marketing, a highly promotional environment, FX headwinds and the company's exposure to southern Europe.
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  • Feb. 7, 2012, 11:47 AM
    Street expectations are too high for Urban Outfitters (URBN -1%), Fossil (FOSL -0.1%) and Warnaco (WRC -1.1%), Brean Murray says in cutting its outlook on the three retailers. At URBN, the departure of CEO Glen Senk "almost ordain(s) that there will be no material turn until Holiday 2012, at the latest," while FOSL and WRC have overheated expectations despite strong market positions.
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  • Jan. 12, 2012, 9:24 AM
    Warnaco (WRC) -6.9% premarket after CEO Helen McCluskey says Q4 results are expected to come in "a few pennies below" earlier estimates, due to factors including shortfalls in Europe and unfavorable currency rates. She says same-store sales improved throughout the quarter, with December same-store sales up 5%.
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  • Jan. 11, 2012, 4:22 PM
    PVH falls 6.3% AH after preannouncing Q4 earnings and issuing 2012 guidance. While PVH expects Q4 EPS of $1.08-$1.10 (above a $1.07 consensus), thanks to the strong performance of its Calvin Klein and Tommy Hilfiger brands, its 2012 EPS guidance of $5.90-$6 is only in-line with a $5.97 consensus. A weak euro, rising pension costs, and gross margin pressure are expected to impact 2012 results.
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  • Jan. 9, 2012, 12:46 PM
    Against the backdrop of minimal growth and heavy competition in the retail sector, Fitch names several "best-in-class operators," including: Hanesbrands (HBI), PVH, Limited Brands (LTD), Sally Beauty (SBH), Dollar General (DG), GNC, and NBTY (NTY). Fitch IDs slippage at Sears (SHLD), Bon-Ton (BONT), RadioShack (RSH) and SUPERVALU (SVU).
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  • Jan. 4, 2012, 12:26 PM
    Warnaco (WRC +5.1%) moves higher after Morgan Stanley ups the shares to Equalweight, citing fewer Q/Q promotions compared to its peers over the holidays, which it expects will boost Q4 gross margins.
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  • Dec. 23, 2011, 1:06 PM
    Miscalculating their pricing power, apparel retailers see their inventory-to-sales ratio move to a 2-year high, bucking a falling trend amongst the rest of the industry. In the meantime, costs continue their rapid rise, suggesting the margin pinch will continue.
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  • Dec. 14, 2011, 5:44 AM
    Warnaco (WRC) announced yesterday that COO Helen McCluskey would succeed Joseph Gromek as chief executive, effective Feb. 1. McCluskey hopes to double the company's revenue (~$2.3B last fiscal year) over the next 6-7 years through acquisitions, expansion into emerging markets and the addition of more Warnaco-owned retail stores.
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  • Dec. 8, 2011, 8:47 AM
    G-III Apparel (GIII) +19% premarket after lowering full-year earnings guidance but unveiling a new deal with Calvin Klein (PVH) to open women’s sports apparel stores in the U.S. and China, building on a deal signed in 2007 for the clothing line’s wholesale wares.
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  • Dec. 2, 2011, 11:26 AM
    Apparel brand owner PVH is now up 6.6% following its FQ3 beatBrean Murray (Buy) is impressed with the strong performance of PVH's Tommy Hillfiger and Calvin Klein brands, while Citi (Buy) is pleased with management's CC comments about potential upside to FQ4 guidance, if current business trends continue. Rising in sympathy: RL +2%. PERY +4.5%. LIZ +3%.
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  • Dec. 1, 2011, 4:17 PM
    PVH (PVH): Q3 EPS of $1.89 beats by $0.08. Revenue of $1.65B (+9.1% Y/Y) in-line. Shares +3.1% AH. (PR)
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  • Dec. 1, 2011, 12:10 AM
    Notable earnings after Thursday's close: AVGO, HRB, PVH, ZUMZ
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Company Description
PVH Corp is an apparel company, which designs and markets branded dress shirts, neckwear, sportswear and, to a lesser extent, footwear and other related products.