CK CEO, The Parent Company, Opposed The US Trade War.

Better after Wednesday.

Expected fourth quarter financial stimulus, the United States

Giant PVH Corp. (NYSE:PVH) shares rose 5.15% to $151.43 on Thursday. So far this year, the company has estimated that it has risen by more than 10%, and has risen nearly 50% in the past year.

According to the world clothing and shoe net, as of the four quarter of February 4th, PVH Corp. recorded a net profit of $108 million 500 thousand or earnings per share of $1.39, a year earlier of 100 million 700 thousand dollars or earnings per share of $1.26, an increase of 10.3% over the previous year. After adjusting for the four quarter, EPS 1.58 US dollars, more than 1.23 dollars in the 2016 fiscal year, exceeding the market expected US dollar.

The US group expects the current EPS 2.20-2.25 US dollars to be adjusted for the first quarter, which is 9.00-9.10 US dollars for the whole year, far exceeding the market expectations of US $1.95 and US $8.90.

Group CEO Emanuel Chirico said that it benefited from the two core of Tommy Hilfiger and Calvin Klein.

With the strong performance of the business and the group's expected quarterly results, the group will continue to invest in areas such as digital, supply chain and user experience, which will have a far-reaching impact on the retail industry, so as to enhance the brand position and competitiveness of the group.

At the same time, Emanuel Chirico praised the group for its outstanding performance in product and cost performance as well as marketing, while the company's large and long-term partners Macy 's Inc. (NYSE:M) Messi department store is still recovering, and the combination of online channels and Amazon.com Inc. (NASDAQ:AMZN) Amazon is constantly strengthening.

In addition, 2015-2016 years of strong dollar style began to pform, which helped the group's real profits.

When asked about the current focus of Sino US trade war at the financial conference, the group chief operating officer and first show finance officer Michael A. Shaffer said that if there was a trade war, the company would be affected to a certain extent, but the impact of the US market would be smaller than that of the Chinese market, because China accounted for nearly 1/3 of China's business (import and export), while the United States had only 20-25%.

However, he said that in terms of retailing and wholesale, the price of China's supply chain is the lowest.

Michael Shaffer's remarks imply that even if China and the United States start a trade war and involve clothing, the negative impact of the real cost increase will have limited impact on the gross profit margin of the group.

Michael Shaffer's response followed by Emanuel Chirico interruption. PVH Corp. steers suggested that Sino US trade war is not necessarily going to fight, and even if we fight, we should focus on science and technology and communications. "This is like a pair of parents, sons have made mistakes, but punish their daughters."

Emanuel Chirico said that at present, the United States has imposed 20-25% tariffs on clothing products imported from China. If it is added on this basis, adding 25% is illogical.

He said that at present, China does have unfair competition in trade, but it opposes the US's solution to trade disputes.

PVH Corp. recorded a nearly $2 billion 500 million income in the fourth quarter, a 18.6% rise year by year and a fixed exchange rate of 13.3%, with a market forecast of $2 billion 350 million.

During the period, the core brands Tommy Hilfiger and Calvin Klein also rose two digits, respectively, by 22.9% and 22.4% respectively, and the fixed exchange rate increased by 17.7% and 14.9% respectively.

At present, PVH Corp. accounts for more than 50% of the international market revenue, while EBIT is more than 60%, of which Europe, China and Japan are still the most robust market.

Fourth quarter Calvin Klein business EBIT recorded $79 million 100 thousand, of which international business accounted for 51 million 100 thousand US dollars, accounting for 64.6%; Tommy Hilfiger international business EBIT 37 million 100 thousand US dollars, accounting for 78.7% of brand quarter 47 million 100 thousand US dollars EBIT.

In 2017, PVH Corp. recorded a total revenue of US $8 billion 914 million 800 thousand, an annual increase of 8.7%, a fixed exchange rate of 7.2%, of which Calvin Klein increased by 3 billion 461 million 600 thousand US dollars, an increase of 10.4%, a fixed exchange rate of 8.8%, Tommy Hilfiger of US $3 billion 893 million 200 thousand, an increase of 10.9%, and a fixed exchange rate increase of 8.8%.

EBIT decreased from $789 million 200 thousand in fiscal 2016 to US $632 million 400 thousand in the year, adjusted 863 million 600 thousand US dollars, a 8.8% increase over the 794 million 100 thousand US $2016.

PVH Corp. recorded a net profit of $537 million 800 thousand or earnings per share of $6.84 in fiscal year 2017, which was $549 million in 2016 or $6.79 in earnings per share. After adjustment, the annual EPS 7.94 US dollars, up 16.8% from the 2016 6.80 US dollar.

The US group expects the current fiscal year EPS 8.76-8.86 dollar, the expected growth rate of revenue is 7% (fixed exchange rate increased by 4%), of which Calvin Klein revenue is expected to grow by 9% (fixed exchange rate increased by 7%); Tommy Hilfiger revenue is expected to grow 8% (fixed exchange rate increased by 4%).

As for the current quarter, the Group expects EPS 2.13-2.18 dollars, with an expected growth of 15% (fixed exchange rate of 9%), of which Calvin Klein revenue is expected to grow by 17% (fixed exchange rate by 12%), and Tommy Hilfiger's revenue is expected to grow 19% (fixed exchange rate by 10%).

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