Home / Knowledge / News / Apparel/Garments / Q4 EPS surges 23% at apparel marketer PVH Corp
Q4 EPS surges 23% at apparel marketer PVH Corp
Mar '15
Earnings per share on a non-GAAP basis surged 23 per cent at apparel marketer PVH Corp which has brands like Calvin Klein and Tommy Hilfiger in its portfolio for the fourth quarter ended December 31, 2014.

PVH said its fourth quarter earnings per share on a non-GAAP basis rose 23 per cent to $1.76, including a $0.10 negative impact related to foreign currency exchange rates.

“Earnings per share on a non-GAAP basis were $1.43 in the prior year’s fourth quarter,” the US based apparel marketer said in a press release.

PVH was able to book a turnaround in GAAP earnings per share at $0.62 compared to prior year’s fourth quarter loss per share of $0.46.

However, revenue increased slower at 5 per cent on a constant currency basis over the previous year’s fourth quarter revenue of $2.05 billion.

Revenue changes by business from the prior year period included a 6 per cent year over year hike at Calvin Klein on a constant currency basis and 2 per cent increase on a GAAP basis.

The Tommy Hilfiger business on a constant currency basis grew faster at 9 per cent from a year ago quarter, while on a GAAP basis it ascended by just 2 per cent.

In the fourth quarter of 2014, the Heritage brands business however posted a decline of 3 per cent over the fourth quarter of 2013.

Earnings before interest and taxes on a non-GAAP basis increased 4 per cent on a constant currency basis, but fell 2 per cent when including foreign currency exchange rate impacts.

PVH attributed the same to continued strong performance in Tommy Hilfiger and an earnings increase in Calvin Klein, partially offset by poor performance within the Heritage Brands dress shirt business.

Earnings before interest and taxes on a GAAP basis were $6 million as compared to $160 million in the prior year’s fourth quarter.

The decrease was primarily due to a retirement plan actuarial loss of $139 million incurred in the fourth quarter of 2014 as compared to an actuarial gain of $53 million in the fourth quarter of 2013.

Net interest expense decreased to $32 million from $45 million in the prior year’s fourth quarter due to lower average debt balances and interest rates.

In 2015, PVH expects its full year earnings per share results to be negatively impacted versus 2014 by approximately $1.20 per share from foreign currency exchange rates.

It also said that volatility in the global macroeconomic environment, particularly with respect to its businesses in Russia, would impact earnings.

The Company expects a negative impact of approximately $0.10 per share from its Russia businesses due to political and economic instability in the region. (AR)

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: Stone Island

Apparel/Garments | On 25th Jun 2018

Stone Island has mastered ingredient branding: Braind

Italian high-end men's apparel brand Stone Island tops the list of...

Courtesy: Tecnorama

Textiles | On 25th Jun 2018

'Tecnorama automatic dyeing system offers efficiency'

Italy based Tecnorama’s fully-automatic machinery for dispensing...

Courtesy: Pantone

Textiles | On 25th Jun 2018

Pantone unveils polyester standards

Pantone, provider of professional colour standards for the design...

Interviews View All

Top executives
Textile & apparel bodies

The decision to reduce GST on MMF yarn to 12% is transformational

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

Anavila Misra
Anavila Collection

Fashion shows are also encouraging and highlighting sustainable fashion

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

John Kelley

Textile Events is one of the largest textile fair in the United Kingdom,...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Igor Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Cigdem Akin
Cigdem Akin

She has carved a niche for herself as the national brand of Turkey. Her...

Robert Brunner

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

June 2018

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

news category

Related Categories:

Advanced Search