PVH Beats on Both Top and Bottom Lines
PVH (NYS: PVH) reported earnings yesterday. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Jan. 29 (Q4), PVH beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded, and GAAP earnings per share improved significantly.
Gross margins dropped, operating margins increased, and net margins expanded.
PVH logged revenue of $1.53 billion. The 10 analysts polled by S&P Capital IQ expected to see revenue of $1.50 billion on the same basis. GAAP reported sales were 9.6% higher than the prior-year quarter's $1.40 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Non-GAAP EPS came in at $1.18. The 13 earnings estimates compiled by S&P Capital IQ predicted $1.10 per share on the same basis. GAAP EPS of $1.11 for Q4 were 44% higher than the prior-year quarter's $0.77 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 50.5%, 230 basis points worse than the prior-year quarter. Operating margin was 7.1%, 340 basis points better than the prior-year quarter. Net margin was 5.3%, 130 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $1.40 billion. On the bottom line, the average EPS estimate is $1.26.
Next year's average estimate for revenue is $6.06 billion. The average EPS estimate is $6.06.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 195 members rating the stock outperform and 23 members rating it underperform. Among 92 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 89 give PVH a green thumbs-up, and three give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on PVH is outperform, with an average price target of $82.50.
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At the time this article was published Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool has a disclosure policy. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. Try any of our Foolish newsletter services free for 30 days.
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