trending Market Intelligence /marketintelligence/en/news-insights/trending/ibniddo_zg31_jslhebzyg2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

PVH gives Q1, 2018 outlook after beating 2017 estimates

Blog

Whats on the Horizon for the Cruise Hotel Resorts Sector

Blog

Message in a (Word)Cloud

Six trends shaping the industries and sectors we cover in 2021

Six trends shaping the industries and sectors we cover in 2021


PVH gives Q1, 2018 outlook after beating 2017 estimates

Calvin Klein and Tommy Hilfiger parent PVH Corp. on March 28 gave its adjusted EPS outlook for 2018, placing it between $9 and $9.10, above the EPS of $7.94 the company reported in 2017.

PVH predicts that its revenue will increase approximately 4% on a constant currency basis in 2018 and that the 2018 effective tax rate will range from 14.5% to 15.5%, inclusive of the impact of U.S. tax reform legislation.

The company also gave its guidance for the first quarter of 2018. It expects its adjusted EPS to fall in the range of $2.20 to $2.25.

Furthermore, the apparel retailer reported that its 2017 adjusted EPS increased to $7.94 from $6.80 in the previous year, also beating the S&P Capital IQ consensus normalized EPS estimate of $7.82 for full year 2017.

Meanwhile, PVH's adjusted EPS for the fourth quarter 2017 was $1.58, versus $1.23 in the prior year period. It also beat the S&P Capital IQ consensus normalized EPS estimate of $1.47 for the quarter.

Chairman and CEO Emanuel Chirico said the fourth quarter and full year 2017 results exceeded company expectations. He attributed the results to the strong momentum of its Tommy Hilfiger and Calvin Klein units.