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NEW YORK, United States — PVH Corp. on Wednesday reported fiscal fourth-quarter net income of $100.7 million.
The New York-based company said it had profit of $1.26 per share. Earnings, adjusted for one-time gains and costs, came to $1.23 per share.
The results beat Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.21 per share.
The owner of the Calvin Klein and Tommy Hilfiger brands posted revenue of $2.11 billion in the period, also exceeding Street forecasts. Four analysts surveyed by Zacks expected $2.09 billion.
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For the year, the company reported profit of $549 million, or $6.79 per share. Revenue was reported as $8.2 billion.
For the current quarter ending in May, PVH expects its per-share earnings to range from $1.58 to $1.60. Analysts surveyed by Zacks had forecast adjusted earnings per share of $1.57.
The company expects full-year earnings in the range of $7.30 to $7.40 per share.
PVH shares have risen roughly 1 percent since the beginning of the year, while the Standard & Poor's 500 index has climbed roughly 5 percent. In the final minutes of trading on Wednesday, shares hit $90.85, a rise of 2 percent in the last 12 months.
