PVH (PVH) will report Q1 earnings after the market closes today (4:30 ET last quarter) with a conference call at 9 ET tomorrow.
Current Cap IQ consensus estimates Q1 adj. EPS of $2.45 (vs $2.36 last year) on revs of $2.37 bln (+2.4% Y/Y).
Current Q1 guidance calls for adj. EPS of $2.40-2.45 on revs growth of 2%
PVH will provide Q2 guidance in the press release
Current Cap IQ consensus estimates Q2 adj. EPS of $2.42 (vs $2.18 last year) on revs growth of 3.3% to $2.41 bln
PVH will also update FY 19 guidance which currently calls for adj. EPS of $10.30-10.40 on revs growth of +4%
Current Cap IQ Consensus estimates FY 19 EPS of $10.43 (vs $9.60 in FY 18) on revs of $10.03 bln (+4%).
Last quarter, PVH beat Q4 estimates and provided upside revenue guidance. PVH also announced a $750 mln share repurchase increase. Other Q4 notables:
Europe continues to be an ‘exceptional market' for both Tommy Hilfiger and Calvin Klein despite the soft macro environment
PVH continues to believe is Calvin Klein's single largest growth opportunity in the near term
Calvin Klein revs flat
China CK retail comps -1%
Tommy sales +5%
International revs +7% w/ retail comps +16%
NA retail comps +5%
Heritage revs -5% w/ flat comps
PVH has an $8 bln market cap and trades at a forward PE of 12x vs peers GIII (12x) and RL (16.6x)
PVH shares have been under heavy pressure in the last month as shares have fallen ~20% on no real news other than the broader market struggling.
TRADE: JUN21 90P