PVH Q2 GAAP EPS $1.50, non-GAAP $1.98; revenue +4% to $2.207B; raises FY non-GAAP EPS outlook

PVH CORP. /DE/

2023-Q2 EPS reported $3.65 revenue$4,364,900,000

GAAP EPS $1.50 vs guidance ~$1.70; includes $0.48/share from $39M restructuring costs. Non-GAAP EPS $1.98 beat guidance ~$1.70.
Revenue $2.207B, +4% YoY (+2% constant currency). DTC +11%, wholesale -3%. Inventory +6%.
Full-year GAAP EPS outlook lowered to ~$9.60 from ~$10.00; non-GAAP raised to ~$10.35 from ~$10.00.
Repurchased $200M of stock in Q2; increased planned FY repurchases to up to $400M.
Tommy Hilfiger revenue +6%, Calvin Klein +3%; Heritage Brands -11%. International and DTC strength.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

PVH CORP. /DE/ reported second quarter 2023 results: revenue $2.207 billion, EPS $1.50. Guidance raised.

Period: second quarter 2023
Revenue: $2.207 billion
EPS: $1.50
Guidance: raised
Result: reported results

Exact text from the filing

COMPLETED $200 MILLION STOCK REPURCHASES DURING THE SECOND QUARTER, INCREASES FULL YEAR PLANNED REPURCHASES TO UP TO $400 MILLION • Second quarter revenue increased 4% to $2.207 billion compared to the prior year period (increased 2% on a constant currency basis); guidance was an increase of low single-digits • Second quarter EPS ◦ GAAP basis: $1.50 compared to

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accession 0000078239-23-000111

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