PVH Corp. (PVH) , which boasts internationally acclaimed brands including Calvin Klein, Tommy Hilfiger, and Van Heusen, has seen a substantial decrease in its stock value recently, leading investors to ponder whether it’s the right moment to buy.Shares of PVH Corp. have underperformed the Zacks Textile – Apparel industry in the past month. The stock has declined 9.6% in this period, while the broader industry has dipped 7.1%. This decline is steeper compared to the broader Zacks Consumer Staples sector's de ...

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PVH Corporation (PVH) seems to be well-poised, thanks to its robust initiatives and strong fundamentals. The company’s multi-year strategy PVH+ Plan to drive sustainable growth is working smoothly while expansion efforts in the international business continue. Its brand strength, particularly in Calvin Klein and TOMMY HILFIGER, is an added positive. Also, it sees strength in its direct-to-consumer (DTC) channel. Buoyed by such endeavors, the clothing designer’s shares have gained 37.8% in the past year agai ...

For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both. The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor. Zacks Premium also includes the Zacks Style Scores. What are the Zacks Style Scores? The ...

For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both. Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor. Zacks Premium includes access to the Zacks Style Scores as well. What are the Zacks Style Scores? T ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, The ...

PVH Corporation (PVH) reported first-quarter fiscal 2024 results, wherein both earnings and revenues topped estimates. The bottom line improved while the top line fell year over year. Results gained from the strong execution of the PVH+ Plan, which led to a strong gross margin expansion and double-digit adjusted earnings per share (EPS) growth. We note that shares of this Zacks Rank #3 (Hold) company have gained 14.3% in the past six months against the industry's 11.4% decline. Q1 Highlights PVH Corp. repor ...

财务数据和关键指标变化 - 第一季度收入下降10%,其中1%受汇率负面影响,3%受到出售遗产品牌内衣业务的影响 [44] - 毛利率创历史新高,达61.4%,同比增长350个基点,其中约三分之二来自渠道和客户组合改善,三分之一来自原材料成本下降 [52] - 营业利润率达10%,同比增长80个基点,主要得益于毛利率的大幅提升 [39][54] - 每股收益增长14%至2.45美元,超出预期0.30美元,其中0.20美元来自收入和费用的时间性影响,0.05美元来自利息和税率的改善 [54] 各条业务线数据和关键指标变化 - 北美市场Calvin Klein和Tommy Hilfiger业务合计收入增长3%,直营业务中单位销售额和转化率提升,促销力度下降 [26][27] - 欧洲市场收入下降12%,主要受到聚焦高质量销售的影响,但毛利率提升约200个基点 [28][46] - 亚太市场收入增长3%,中国、日本和韩国业务均实现高单位数当地货币增长 [33] 各个市场数据和关键指标变化 - 北美市场Calvin Klein和Tommy Hilfiger业务合计实现10.5%的营业利润率,连续第三个季度实现超过500个基点的利润率改善 [26][27] - 欧洲市场收入下降,但通过聚焦高质量销售,公司正在进一步提升品牌定位和定价能力 [28][29][30][31] - 亚太市场收入增长,其中中国、日本和韩国业务表现强劲 [33][34] 公司战略和发展方向及行业竞争 - 公司正在执行PVH Plus计划,聚焦于五大增长动力:产品、消费者参与、销售渠道、数据驱动的供应链、以及精简运营模式 [11][14][19] - 公司正在将Calvin Klein和Tommy Hilfiger打造成最具吸引力的生活方式品牌,并将PVH打造成行业内领先的品牌运营商 [11][132] - 公司正在通过提升产品创新、营销互动、销售渠道体验等方式,持续提升两大核心品牌的市场影响力和消费者吸引力 [14][15][16][22][24] 管理层对经营环境和未来前景的评论 - 尽管面临宏观经济挑战,但公司有信心继续执行计划,并提高全年每股收益指引 [13][42][64] - 在欧洲市场,公司将短期内聚焦提升销售质量,为长期可持续增长和利润率扩张奠定基础 [28][29][30][31] - 公司在北美和亚洲市场保持强劲增长势头,并有信心进一步提升这些市场的盈利能力 [26][27][33][34] 其他重要信息 - 公司在本季度完成了5.25亿美元欧元债券的再融资,发行了首笔绿色债券,进一步增强了财务灵活性 [41] - 公司在本季度回购了180万股普通股,总计返还股东2亿美元,全年计划回购4亿美元 [41] - 公司正在全球范围内推广RFID技术,以进一步优化库存管理,提升销售效率 [19] 问答环节重要的提问和回答 问题1 **Matthew Boss 提问** 询问欧洲市场批发渠道的销售趋势以及产品创新和新品上市的机会 [68] **Stefan Larsson 回答** 欧洲批发渠道的销售趋势正在改善,秋季2024订单有积极信号,春季2025主订单将于下周启动,产品创新和新品将为两大品牌带来动力 [70][71] 问题2 **Zac Coughlin 回答** 北美市场利润率大幅提升得益于收入增长、毛利率改善和费用管控,公司有信心在未来实现中个位数的营业利润率目标 [74][75][76][77] 问题3 **Ike Boruchow 提问** 询问欧洲批发订单的具体情况以及数字业务的表现 [124][125] **Stefan Larsson 和 Zac Coughlin 回答** 欧洲批发订单的前期数据显示趋势有所改善,但需等待主订单的具体情况;数字业务在北美和亚洲保持增长,在欧洲有所下降主要是由于聚焦提升销售质量的影响 [126][127][128][129]

财报预测 - PVH公司2024年全年预计营收将下降6%至7%（在恒定汇率基础上下降6%至7%）[1] - PVH公司2024年全年预计每股收益在GAAP基础上提高至11.15至11.40美元[1] - PVH Corp. 2024年预计每股净收入在非GAAP基础上为11.00至11.25美元[55] - PVH Corp. 2024年预计GAAP收入下降6%至7%[56] 财务表现 - PVH公司2024年第一季度营收为19.52亿美元，同比下降10%（在恒定汇率基础上下降9%）[1] - PVH公司2024年第一季度每股收益为2.59美元，超出预期[1] - PVH公司2024年第一季度毛利率提高至61.4%[1] - PVH公司2024年第一季度库存同比下降22%[1] - PVH公司2024年第一季度直接消费者营收同比增长1%（在恒定汇率基础上增长3%）[1] - PVH公司2024年第一季度批发营收同比下降17%（在恒定汇率基础上下降17%）[1] - PVH公司2024年第一季度Tommy Hilfiger营收同比下降10%（在恒定汇率基础上下降9%）[1] - PVH公司2024年第一季度Calvin Klein营收持平（在恒定汇率基础上增长1%）[1] - PVH公司2024年第一季度净销售额为18.5亿美元，较去年同期下降[38] - PVH公司2024年第一季度净利润为1.51亿美元，较去年同期增长[38] - PVH公司2024年第一季度每股稀释净收益为2.59美元，较去年同期增长[38] - PVH公司在非GAAP基础上排除了与Heritage Brands女士内衣业务出售相关的税前收益[40] - PVH公司非GAAP基础上的税前收益为19.51亿美元[42] - PVH公司非GAAP基础上的净利润为14.29亿美元[42] - PVH公司非GAAP基础上的每股稀释净收益为2.45美元[42] - PVH公司排除了与Heritage Brands女士内衣业务出售相关的税前收益[43] - PVH公司非GAAP基础上的所得税费用为3.45亿美元[45] - PVH公司2024年第一季度销售额较去年同期下降，但净利润和每股收益均有所增长[38] - PVH Corp. 2024年第一季度总资产为10788.7百万美元，较上年同期11491.2百万美元下降[47] - Tommy Hilfiger国际部门2024年第一季度净销售额为716.6百万美元，较上年同期832.8百万美元下降14.0%[48] - Calvin Klein国际部门2024年第一季度净销售额为601.5百万美元，较上年同期613.4百万美元下降1.9%[48] - PVH Corp. 2024年第一季度总收入为1951.9百万美元，较上年同期2157.9百万美元下降9.5%[52] - PVH Corp. 2023年全年每股稀释净收入为10.68美元[57] - PVH Corp. 2023年第二季度每股稀释净收入为1.98美元[57]

Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering PVH (PVH) , which belongs to the Zacks Textile - Apparel industry. This owner of the Calvin Klein and Tommy Hilfiger brands has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for the past two quarters of 6.30%. For the last reported quarter, PVH came out with ear ...