PVH Corp
PVH: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|Jl | LOCK|@H | LOCK|!Ms?xPx |
PVH Earnings: Near-Term Issues Overshadow Results and Progress; Shares Very Undervalued
PVH's sales rose 2% in the first quarter, with a 3% increase from Tommy Hilfiger (53% of total) and a 1% increase from Calvin Klein (44%). Gross margin was flat at 58.6%, but non-GAAP operating margin fell to 6.5% from 8.1% on planned marketing investments. Non-GAAP EPS fell to $2.01 from $2.30.
