earnings
confidence high
sentiment positive
materiality 0.70
PVH beats Q2 EPS guidance on tax benefit; raises full-year EPS outlook
PVH CORP. /DE/
2024-Q2 EPS reported
$5.39
revenue$4,026,200,000
- Revenue $2.074B, down 6% YoY (in line with guidance); GAAP EPS $2.80 vs. ~$2.25 guided.
- Non-GAAP EPS $3.01 vs. ~$2.25 guided; tax benefit of ~$0.55 from audit settlement.
- Gross margin +250 bps to 60.1%; inventory down 12% YoY.
- Full-year GAAP EPS guidance raised to $11.20-$11.45; non-GAAP to $11.55-$11.80.
- Repurchased 200K shares for $25M in Q2; expects ~$400M buybacks in FY2024.