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PVH updates FY15 earnings guidance

By Prachi Singh

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PVH Corp currently expects its earnings per share on a non-GAAP basis for the full year 2015 to be at or above seven dollars, the high end of its guidance range previously announced on December 2, 2015.

Commenting on the update, Emanuel Chirico, Chairman and Chief Executive Officer, said, “Our improved outlook for our earnings per share projection reflects the power of our designer lifestyle brands, Calvin Klein and Tommy Hilfiger, which enabled us to successfully navigate through the difficult macroeconomic environment, particularly the continued headwinds across our businesses resulting from the strengthening US dollar.”

“Specifically, during the fourth quarter, we experienced continued strength in our global Calvin Klein business and Tommy Hilfiger International business. We were able to post stronger results despite a difficult US retail environment, which was negatively impacted by unseasonably warm weather and decreased international tourist traffic and spending, particularly for our Tommy Hilfiger brand,” Chirico added.

PVH Corp