PVH Corp. posted revenue that beat Wall Street expectations in the second quarter. The owner of brands including Tommy Hilfiger and Calvin Klein raised its full-year earnings forecast, citing strong consumer demand amid rising inflation and supply chain challenges..
PVH, which also owns the Van Heusen, IZOD, Arrow, Speedo, Warner’s and Olga brands, reported net income of $228.6 million, or $2.66 per share, in the three months ended July 30. Earnings per share beat the average analyst estimate of $2.56, according to Refinitiv..
Net revenue for the quarter increased 11 percent year over year to $2.37 billion, exceeding the Refinitiv consensus of $2.35 billion. On a constant currency basis, revenue increased 10 percent..
Total company comparable sales increased 12 percent year-over-year and 16 percent on a two-year basis. DTC revenue increased by 24 percent compared to the prior year and represents 20 percent of total revenue. The company’s digital business continues to grow with e-commerce sales increasing 17 percent year-over-year and representing 11 percent of total revenue..
Tommy Hilfiger revenue increased 12 percent to $1.18 billion, with strength across all regions and channels. Calvin Klein revenue increased 10 percent to $866 million, driven by growth in both North America and the Asia-Pacific region. Heritage Brands revenue grew 12 percent to $328.6 million, led by strength in dress shirts and accessories..
By region, Americas revenue increased 10 percent to $1.27 billion, driven by strength in both Tommy Hilfiger and Calvin Klein. Europe revenue increased 11 percent to $756.8 million, with growth across all major markets. Asia-Pacific revenue increased 21 percent to $343.2 million, benefiting from the relaxation of COVID-19 restrictions in key markets..
毛利额为 11.2 亿美元，同比增长 6%。毛利率为 47.3%，与去年同期持平。营业收入增长 26% 至 2.22 亿美元，营业收入率为 9.4%，高于去年的 8.2%。.
展望未来，PVH提高了其全年收益预测。该公司现在预计每股收益在 10.60 美元至 10.90 美元之间，而此前的预期为 10.15 美元至 10.55 美元。该公司还预计全年收入将以 10% 至 11% 的速度按固定汇率增长，而此前的预期为 9% 至 11%。.
PVH Corp. 董事长兼首席执行官 Stefan Larsson 表示：“我们对第二季度业绩非常满意，业绩好于我们的预期。我们所有三大业务部门和所有地理区域都实现了强劲增长。我们的团队继续专注于执行我们的战略和提高运营效率。我们对下半年业务的增长机会充满信心，并提高了我们对全年的收益和收入预测。”.
报告发布后，PVH Corp. 股价盘前上涨 4.5% 至每股 92.85 美元。.
