August 23, 2017 / 8:48 PM / 3 months ago

BRIEF-PVH reports Q2 non-GAAP earnings per share $1.69

Aug 23 (Reuters) - PVH Corp:

* PVH Corp. Reports 2017 second quarter revenue and eps above guidance and raises full year guidance

* Sees Q3 2017 non-gaap earnings per share $2.88 to $2.92

* Sees FY 2017 non-gaap earnings per share $7.60 to $7.70

* Sees Q3 2017 gaap earnings per share $2.74 to $2.78

* Sees FY 2017 gaap earnings per share $6.44 to $6.54

* Q2 non-gaap earnings per share $1.69

* Q2 gaap earnings per share $1.52

* Q2 revenue $2.1 billion versus I/B/E/S view $2.03 billion

* Q2 earnings per share view $1.64 -- Thomson Reuters I/B/E/S

* PVH Corp says raises full year guidance

* PVH Corp says revenue in Tommy Hilfiger business for quarter increased 4% to $892 million compared to prior year period

* PVH Corp- revenue in Calvin Klein business for quarter increased 8% to $786 million

* PVH Corp - qtrly tommy hilfiger North America revenue decreased 2% to $400 million compared to prior year period

* PVH Corp - qtrly Tommy Hilfiger international comparable store sales increased 6%

* PVH Corp - ‍expects FY 2017 eps results will be negatively impacted compared to 2016 by $0.20 per share attributable to foreign currency exchange rates​

* Says ‍currently projects FY 2017 earnings per share on a gaap basis will be in a range of $6.44 to $6.54 compared to $6.79 in 2016​

* PVH Corp says ‍currently projects FY 2017 earnings per share on a non-gaap basis will be in a range of $7.60 to $7.70

* PVH Corp says revenue in Q3 of 2017 is projected to increase approximately 4% compared to prior year period

* PVH Corp- Calvin Klein North America revenue decreased 1% to $392 million

* PVH Corp - FY 2017 ‍projections also reflect an additional $10 million of marketing in second half of 2017 as compared to previous guidance​

* PVH Corp says revenue for Tommy Hilfiger business in Q3 is projected to increase approximately 8%

* PVH Corp says revenue for Calvin Klein business in Q3 is projected to increase approximately 5%

* PVH Corp - FY 2017 ‍revenue for Calvin Klein business projected to increase about 8% (increase approximately 7% on a constant currency basis)

* Q3 earnings per share view $2.81, revenue view $2.30 billion -- Thomson Reuters I/B/E/S

* PVH Corp - FY 2017 ‍revenue for Tommy Hilfiger business projected to increase about 6% (increase approximately 5% on a constant currency basis)​

* PVH Corp - FY 2017 ‍revenue for heritage brands business is projected to be flat compared to prior year​

* PVH Corp- North America comparable store sales for Calvin Klein fell 2% in the quarter

* PVH Corp - expects FY 2017 EPS results will be negatively impacted compared to 2016 by $0.20 per share attributable to foreign currency exchange rates

* PVH Corp - expects Q3 2017 EPS results will be negatively impacted compared to q3 of 2016 by about $0.06 per share related to foreign currency exchange rates

* FY earnings per share view $7.53, revenue view $8.52 billion -- Thomson Reuters I/B/E/S Source text for Eikon: Further company coverage:

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