Free Research Report as PVH’s Quarterly Earnings Advanced 43.03%

Stock Monitor: Crown Crafts Post Earnings Reporting

LONDON, UK / ACCESSWIRE / June 27, 2018 / If you want access to our free earnings report on PVH Corp. (NYSE: PVH), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=PVH. The Company reported its financial results on May 30, 2018, for the first quarter of the fiscal year 2018, ended May 06, 2018. The Company surpassed analysts’ estimates for earnings and revenues in Q1 FY18. Register today and get access to over 1,000 Free Research Reports by joining our site below:

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Active-Investors.com is currently working on the research report for Crown Crafts, Inc. (NASDAQ: CRWS), which also belongs to the Consumer Goods sector as the Company PVH Corp. Do not miss out and become a member today for free to access this upcoming report at:

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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, PVH most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

www.active-investors.com/registration-sg/?symbol=PVH

Earnings Highlights and Summary

For Q1 FY18, PVH’s total revenues reached $2.31 billion, reflecting an increase of 16.37% from $1.99 billion in Q1 FY17, led by the Company’s diversified business model and the continued momentum in its global designer lifestyle brands. The Company’s revenue numbers exceeded analysts’ consensus estimates of $2.28 billion. On a constant currency basis, the Company’s revenues increased 10% on a y-o-y basis in the reported quarter.

For the quarter under review, the Company’s net sales increased 16.99% to $2.19 billion on a y-o-y basis; its royalty revenues jumped 2.41% to $89.40 million on a y-o-y basis; and its advertising and other revenues advanced 18.73% to $31.70 million on a y-o-y basis.

For the quarter ended May 05, 2018, PVH’s total gross profit was $1.29 billion, 19.45% higher than $1.08 billion in the same period of last year. The Company’s gross profit on net sales advanced 21.01% to $1.17 billion on a y-o-y basis, while its gross profit on royalty, advertising, and other revenues advanced 6.23% to $121.10 million on a y-o-y basis in Q1 FY18.

PVH incurred selling, general, and administrative expenses of $1.05 billion in Q1 FY18, 9.58% higher than $960.90 million in Q1 FY17. The Company had earnings before interest and taxes of $244.30 million in the reported quarter, an increase of 115.81% from $113.20 million in the previous year’s comparable quarter.

For the quarter ended May 05, 2018, PVH’s net income attributable to common shareholders was $179.40 million, an increase of 154.83% from $70.40 million in Q1 FY17. The Company’s diluted earnings per share (EPS) also rose 157.30% to $2.29 in the reported quarter from $0.89 in the year ago corresponding quarter. The Company’s earnings for Q1 FY18 included selling, general, and administrative expenses (SG&A) associated with the TH China acquisition. PVH’s adjusted diluted EPS, excluding non-recurring items, was $2.36 in Q1 FY18, up 43.03% from $1.65 in Q1 FY17. This was higher than analysts’ consensus estimates of $2.25 per share. It should also be noted that PVH’s EPS on both GAAP and non-GAAP basis included the $0.20 positive impact related to foreign currency translations in Q1 FY18.

Segment Details

During Q1 FY18, PVH’s Calvin Klein segment’s total revenues were $890 million, 17.76% higher than in the prior year’s comparable quarter. For the reported quarter, the Calvin Klein North America sub-segment had total revenues of $414.50 million, up 10.42% on a y-o-y basis; and the Calvin Klein International sub-segment had total revenues of $475.50 million, up 25% on a y-o-y basis.

PVH’s Tommy Hilfiger segment’s total revenues were $1.02 billion, an increment of 20.64% from $842 million in Q1 FY17. For the quarter under review, the Tommy Hilfiger North America sub-segment’s total revenues increased 13.41% to $361.20 million on a y-o-y basis; and the Tommy Hilfiger International sub-segment’s total revenues jumped 25.04% to $654.60 million on a y-o-y basis.

For Q1 FY18, PVH’s Heritage Brands generated revenues of $408.80 million, 4.50% higher than $391.20 million in Q1 FY17. The Heritage Brands Wholesale sub-segment’s total revenues advanced 4.33% to $347.10 million on a y-o-y basis; while the Heritage Brand Retail sub-segment’s total revenues jumped 5.47% to $61.70 million on a y-o-y basis in the reported quarter.

Cash Matters

PVH had cash and cash equivalents of $434.50 million as on May 06, 2018, a decrease of 11.49% from $490.90 million as on April 30, 2017. The Company’s long-term debt declined 4.56% to $3.01 billion as on May 06, 2018, from $3.16 billion as on April 30, 2018.

During Q1 FY18, PVH repurchased 400,000 shares of its common stock for $54 million, under the $1.250 billion stock repurchase program authorized by the Board of Directors through June 03, 2020.

Outlook

For the full fiscal year 2018, PVH raised its EPS outlook despite reduced foreign currency benefit. The Company now expects GAAP EPS to be in the range of $8.81 to $8.91, and non-GAAP EPS to be in the band of $9.05 to $9.15. PVH expects revenues to increase by approximately 6% on a y-o-y basis in FY18.

For the second quarter of the fiscal year 2018, PVH expects GAAP EPS to be in the range of $1.98 to $2.03, and non-GAAP EPS to be in the band of $2.05 to $2.10. Both GAAP and non-GAAP projections include the expected positive impact of approximately $0.03 per share related to foreign currency translation. PVH expects revenues to increase by approximately 10% on a y-o-y basis in Q2 FY18.

Stock Performance Snapshot

June 26, 2018 – At Tuesday’s closing bell, PVH’s stock climbed 2.72%, ending the trading session at $153.83.

Volume traded for the day: 1.29 million shares, which was above the 3-month average volume of 1.04 million shares.

Stock performance in the last three-month – up 7.45%; previous six-month period – up 13.44%; past twelve-month period – up 36.94%; and year-to-date – up 12.11%

After yesterday’s close, PVH’s market cap was at $12.27 billion.

Price to Earnings (P/E) ratio was at 25.57.

The stock has a dividend yield of 0.10%.

The stock is part of the Consumer Goods sector, categorized under the Textile – Apparel Clothing industry. This sector was up 0.2% at the end of the session.

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