PVH Corp. Exceeds Fourth Quarter Guidance; 2023 Outlook Signals Robust EPS Growth

PVH Corp., a diversified apparel company that owns brands such as Calvin Klein and Tommy Hilfiger, recently reported its fourth-quarter earnings. The company exceeded its previously provided guidance and issued a 2023 outlook that signals robust earnings-per-share (EPS) growth.

Fourth Quarter Performance

PVH Corp. reported net income of $105.9 million, or $1.41 per share, for the fourth quarter ended February 2, 2020. These figures were higher than the company’s prior guidance of $1.28 to $1.30 per share. Total revenues for the quarter were $2.6 billion, an increase of 8% compared to the prior year period.

2023 Outlook

In addition to its strong fourth-quarter performance, PVH Corp. also issued a 2023 outlook that signals robust EPS growth. The company expects EPS to grow at a 10% compound annual growth rate (CAGR) from 2019 to 2023, which is higher than its previous guidance of a 7% to 8% CAGR. This outlook is driven primarily by the company’s continuing focus on digital strategy, global expansion, and supply chain enhancements.

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#PVHCorp #Q4Earnings #EPSgrowth #CalvinKlein #TommyHilfiger #growthstrategy #apparelindustry

Summary:

PVH Corp., the owner of brands such as Calvin Klein and Tommy Hilfiger, exceeded its fourth-quarter guidance and issued a 2023 outlook that signals robust EPS growth driven by digital strategy, global expansion, and supply chain enhancements. The company reported net income of $105.9 million, or $1.41 per share, and total revenues of $2.6 billion for the fourth quarter ended February 2, 2020. PVH Corp.’s 2023 outlook expects EPS to grow at a 10% compound annual growth rate (CAGR) from 2019 to 2023, which is higher than its previous guidance of a 7% to 8% CAGR. #NEWS