Home / Knowledge / News / Fashion / PVH represents 12.8% increase over Q4 2006
PVH represents 12.8% increase over Q4 2006
16
Jan '08
Phillips-Van Heusen Corporation, in conjunction with its presentation by Company management at the Cowen & Co. 6th Annual Consumer Conference, stated that it expects to meet or exceed the high end of the Company's earnings per share guidance provided on December 3, 2007 for the fourth quarter and full year 2007 ending February 3, 2008.

In addition, it reaffirmed fiscal year 2008 guidance provided on the same date. The webcast of the conference can be accessed by logging onto company's website and going to the "News Releases" page under the "Investor Relations" tab.

For the fourth quarter 2007, the Company is estimating that earnings per share will be at least $0.53, which is at the high end of the guidance previously announced and represents a 12.8% increase over fourth quarter 2006.

Similarly, the earnings per share guidance for the full year 2007 is estimated to be at least $3.18, which is also at the high end of the prior guidance. The Company is currently estimating revenues for the fourth quarter in the range of $585 million to $590 million, or an increase of 5% to 6% compared to the prior year.

For fiscal 2008, the Company is reaffirming its earnings per share guidance of $3.55 to $3.65. The Company recognizes the difficult economic environment and ongoing concerns for continued weakness in the retail sector and consumer spending. Offsetting this concern is the anticipated completion, by the end of fiscal year 2007, of the Company'spreviously announced share buyback program.

As a result, the Company currently estimates that the impact of the stock buyback will be a reduction in the weighted average shares outstanding in 2008 of approximately 5 million shares. The Company is adjusting its revenue guidance for 2008, with revenues currently estimated to be 7% higher than 2007 revenues.

Phillips-Van Heusen Corporation


Must ReadView All

Courtesy: ITMA 2015

Textiles | On 21st Jun 2018

Italy to host textile machinery fair ITMA in 2023

ITMA, the trendsetting textile and garment technology platform, will...

Courtesy: Connor Group

Textiles | On 21st Jun 2018

Protectionism top threat to textile sourcing: William Connor

Protectionism is the biggest political factor and threat affecting...

NRF urges US Congress to step in, stop trade war

Apparel/Garments | On 21st Jun 2018

NRF urges US Congress to step in, stop trade war

The National Retail Federation (NRF) recently urged the US Congress...

Interviews View All

Viral Desai
Zenitex Mill Pvt Ltd

Full of green energy

Frank Gossmann
Rotorcraft AG

‘RT3 motto is: Do not check millimetres, check colours.’

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Tom Adeyoola

Describing itself as the best body shape and garment fit company in the...

Ravindra Jain, Ashish Baid

Oswal Prints Private Limited has been manufacturing and exporting ethnic...

Mala Alwani

<div>Delhi-based fast fashion womenswear brand, Besiva, aims to bridge the ...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

Robert Brunner
Devereux

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

Jay Ramrakhiani
Occasions Elegance Wear

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

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

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