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Turn's into Profitability, Modest Revenue Increase

Pvh Corp announced first quarter 2014 operating income of $174.1 millions, company lowers it's earnings outlook.

 
PRLog - Jun. 15, 2014 - Pvh Corp announced earnings per share of $0.42 and Sales of $2.05 billions in the first quarter 2014, Company's turn a round per share, versus $-0.25 eps, earned in the same quarter a year ago, although Pvh Corp saw it's Sales rise by 2.8 % in the same period.

In comparison to previous quarter EPS turn positive from $-0.20 per share and Sales decreased by -4.31 % from $2.05 billions.

Pvh Corp told that it's good performance came from several different businesses, Calvin Klein North America +3.1%, Calvin Klein International +16.87%, Calvin Klein Total +9.45%, Tommy Hilfiger North America +4.55%, Tommy Hilfiger International +7.58%, Tommy Hilfiger Total +6.29%, Heritage Brands Wholesale +0.04%, while following sections logged decrease in revenues Heritage Brands Retail -41.79%, Heritage Brands Total -11.19%.

Heritage Brands Retail segment cut it's deficit to $-3.2 million. All of this helped company to achieve profit of $35 millions in the first quarter 2014, from net loss of $-20 millions in first quarter 2014 a year before. Pvh Corp also emphasized it's improving profit margins, where net margin rose to 1.8% in first quarter 2014, and operating margin edged up to 8.87%. Company has decreased it's eps guidance, by $-0.10 to the new range between $7.30 and $ 7.40, while company see it's Sales estimates at $8,432 millions.

http://csimarket.com/stocks/at_glance.php?code=PVH

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Tags:earnings, stock, retail
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