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 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 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 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 guidance that we are confident we will be able to deliver.
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.
1) Sign Up for our Free Email Newsletter @
2) Sign Up for our Free Text Message Notifications
by Texting 'GAINS' to 67076.
(*It's FREE, however Msg&Data rates may apply