PVH Group'S Two Quarter Performance Is Expected To Reduce Annual Revenue Target

　　 Calvin Klein and Tommy Hilfiger parent PVH Corp. (NYSE:PVH) recently announced that the two quarter net profit surpassed market expectations under the impetus of Tommy Hilfiger sales, stimulating stock prices to rise 7.79% to 126.25 US dollars in after hours trading.

In the two quarter ended August 3rd, PVH Corp. (NYSE:PVH) progresses from a net loss of -540 million a year or a loss of $0.70 per share to net profit of $126 million 500 thousand or earnings of $1.52 per share. Excluding special items, earnings per share were $1.51, surpassing market The expected $1.43 was $1.39 in the same period last year.

Revenue rose by 4% to $1 billion 980 million a year, less than $1 billion 990 million in the market forecast. Among them, Tommy Hilfiger business recorded a 8.9% sales growth, increased to $870 million, Calvin Klein business sales of $675 million, compared with the same period last year, 671 million U.S. dollars is basically the same.

Gross margin was 53.4%, 120 basis points higher than the same period last year, but the group warned that high intensity sales would reduce the gross profit margin of the current three quarter.

PVH Corp. (NYSE:PVH) CEO Emanuel Chirico said in its earnings report that "the global macroeconomic environment will continue to be under pressure, so we are cautiously optimistic about the second half of the year". The Group expects earnings per share adjusted for the three quarter to be between us $2.45-2.50 and revenue of about $2 billion 250 million. market Projections for the above two data were $2.48 and $2 billion 330 million respectively. The group also lowered its annual revenue forecast to $8 billion 400 million, which was expected to be US $8 billion 500 million, but the target of maintaining US $7.30-7.40 per share is expected to reach US $8 billion 470 million in the whole year.