PVH Corp. Posts Higher Q2 EPS; Beats Estimates (PVH)

PVH Corp. (PVH) announced its Q2 earnings after the bell on Monday, posting non-GAAP figures that showed an increase from last year’s Q2 EPS and revenues.

The New York, NY-based clothing company announced non-GAAP EPS of $1.39, which was up from last year’s Q2 EPS figure of $1.28, and above the analysts’ estimate of $1.37. GAAP results came in at a 20 cent loss per share due to acquisition, integration and restructuring costs associated with the company’s acquisition of Warnaco Group.

On the revenues front, PVH posted quarterly results of $1.965 billion, a 47% increase from last year’s Q2 figure, and above the analysts’ estimate of $1.89 billion. The uptick in revenues was primarily due to the revenues from the newly acquired Warnaco.

PVH shares were up $2.14, or 1.62%, at the end of trading on Monday. The company’s stock is up 16.25% YTD.