COMPANY EARNINGS HIGHLIGHTS
CEO Emanuel Chirico, PVH Corp. - Chairman & CEO
I'm pleased to report that PVH posted strong second quarter results despite a challenging and volatile global backdrop. We reported earnings per share of $2.10, which exceeded the high end of our previous guidance by $0.20. The outperformance was principally driven by our European businesses. While we are pleased that our first half results exceeded our expectations, we are taking a conservative approach to how we are planning our second half of the year and are lowering our fiscal year earnings per share guidance to $9.30 to $9.40 per share. Our revised guidance reflects a significantly more conservative outlook based on several headwinds that we believe are working against us, including the volatility in the macro environment; the weakening global retail landscape; and increased escalation of U.S.-China trade tensions, including a $0.20 cumulative impact from the proposed tariffs. Given the uncertainties surrounding the global retail apparel sector, we felt it was prudent to provide earnings guidance that we are confident we will be able to deliver.
INSIDER TRADING
Chairman & CEO Emanuel Chirico bought 133,155 shares of PVH stock on 09/03/2019 at the average price of $74.99. The price of the stock has decreased by 0.92% since.
CEO Emanuel Chirico, PVH Corp. - Chairman & CEO
I'm pleased to report that PVH posted strong second quarter results despite a challenging and volatile global backdrop. We reported earnings per share of $2.10, which exceeded the high end of our previous guidance by $0.20. The outperformance was principally driven by our European businesses. While we are pleased that our first half results exceeded our expectations, we are taking a conservative approach to how we are planning our second half of the year and are lowering our fiscal year earnings per share guidance to $9.30 to $9.40 per share. Our revised guidance reflects a significantly more conservative outlook based on several headwinds that we believe are working against us, including the volatility in the macro environment; the weakening global retail landscape; and increased escalation of U.S.-China trade tensions, including a $0.20 cumulative impact from the proposed tariffs. Given the uncertainties surrounding the global retail apparel sector, we felt it was prudent to provide earnings guidance that we are confident we will be able to deliver.
INSIDER TRADING
Chairman & CEO Emanuel Chirico bought 133,155 shares of PVH stock on 09/03/2019 at the average price of $74.99. The price of the stock has decreased by 0.92% since.