Home / Knowledge / News / Apparel/Garments / Fashion firm PVH Q4 revenue heaves 25%
Fashion firm PVH Q4 revenue heaves 25%
26
Mar '14
PVH Corp. reported 2013 fourth quarter and full year results. GAAP loss per share was $(0.46) as compared to the prior year’s fourth quarter earnings per share of $1.09.
 
Highlights: 
-Fourth quarter Non-GAAP EPS of $1.43 exceeded guidance of $1.40; GAAP loss per share was $(0.46)
-Full year Non-GAAP EPS of $7.03 exceeded guidance of $7.00; GAAP EPS was $1.74
-Company made $500 million of debt repayments during 2013
-2014 Non-GAAP EPS projected to increase to $7.40 to $7.50, despite ongoing investments and an uncertain macroeconomic environment
 
Overview of Fourth Quarter Results:
Earnings per share on a non-GAAP basis were $1.43, which exceeded the Company’s guidance of $1.40, as compared to $1.60 in the prior year’s fourth quarter.
 
Revenue increased 25% to $2.052 billion, as compared to $1.636 billion in the prior year’s fourth quarter. The increase over the prior year was principally driven by the addition of approximately $479 million of revenue related to the acquired Warnaco businesses, net of the reduction in licensing revenue attributable to Warnaco. 
 
Also contributing to the increase was revenue growth of $18 million, or 2%, in the Company’s Tommy Hilfiger and pre-acquisition Calvin Klein businesses. Partially offsetting these increases was a revenue decline of $81 million, or 19%, in the Company’s pre-acquisition Heritage Brands businesses, of which $75 million was lost revenue resulting from the sale of the G.H. Bass & Co. business on the first day of the quarter.
 
Click here to view full results.
 

PVH Corp


Must ReadView All

Apparel/Garments | On 3rd May 2016

Amazon unveils three more global brands in India

E-commerce major Amazon which is closing the gap with market leader...

Apparel/Garments | On 3rd May 2016

New plan to back decent work for Bangla migrant workers

An initiative launched in Dhaka on Monday will contribute to the...

Courtesy- abof

Apparel/Garments | On 3rd May 2016

Abof awarded ‘debutant e-retailer of the year 2016’

Aditya Birla's abof.com has been awarded the ‘debutant e-retailer of...

Interviews View All

Imran Lateef
Texlynx

What are the current trends noticed in textile and garment sourcing in the ...

Amit Jain
Shingora Textiles Ltd

What benchmarks in design and production need to be met in the manufacture ...

Narendra Somani
Modelama Exports Limited

What are the challenges faced by an exporter in terms of funding and...

Larry L Kinn
Suominen Corporation

<b><i>Larry L Kinn, Senior Vice President - Operations Americas of...

Mr. Tushar Patel
Sanrhea Technical Textiles Limited

Mr. Tushar Patel is the Managing Director of Sanrhea Technical Textiles...

Steve Cole
Xerium Technologies

<b><i>Steve Cole of Xerium Technologies discusses the industry. Xerium is...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
April 2016

F2F Magazine

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


<%@ language="VBScript" %>
feedback
We would love to hear from you about your experience using the new interface. A quick review of yours would help us give you a better experience.
Advanced Search