PVH Beats on Both Top and Bottom Lines
PVH (NYS: PVH) reported earnings on May 23. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended April 29 (Q1), PVH beat expectations on revenues and earnings per share.
Compared to the prior-year quarter, revenue expanded and GAAP earnings per share increased significantly.
Gross margins dropped, operating margins shrank, and net margins increased.
PVH reported revenue of $1.43 billion. The 12 analysts polled by S&P Capital IQ wanted to see a top line of $1.39 billion on the same basis. GAAP reported sales were 4.3% higher than the prior-year quarter's $1.37 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $1.30. The 16 earnings estimates compiled by S&P Capital IQ forecast $1.26 per share. GAAP EPS of $1.27 for Q1 were 61% higher than the prior-year quarter's $0.79 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 53.0%, 20 basis points worse than the prior-year quarter. Operating margin was 10.5%, 170 basis points worse than the prior-year quarter. Net margin was 6.5%, 230 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $1.34 billion. On the bottom line, the average EPS estimate is $1.19.
Next year's average estimate for revenue is $6.00 billion. The average EPS estimate is $6.20.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 199 members out of 220 rating the stock outperform, and 21 members rating it underperform. Among 82 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 79 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 $102.14.
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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. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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