PVH Corp. updated earnings guidance for the first quarter and re-affirmed earnings guidance for the full year of fiscal 2013. For the quarter, the company management will state that it expects non-GAAP earnings per share to be above its previous preliminary guidance for the first quarter 2013, due to higher than expected wholesale shipments and certain discrete tax benefits. Management will also state that they believe the first quarter outperformance will be primarily driven by timing and as such the company will hold its full year 2013 non-GAAP earnings per share guidance previously announced. The company has come with the $7 of earnings per share for the fiscal 2013.

PVH Corp. Presents at Barclays Retail and Consumer Discretionary Conference, Apr-30-2013 09:40 AM. Venue: Barclays Office, 745 Seventh Avenue, New York, New York, United States. Speakers: Emanuel Chirico, Chairman and Chief Executive Officer.

PVH Corp. reported consolidated earnings results for the fourth quarter and full year ended February 3, 2013. For the quarter, the company reported net sales of $1,506.910 million compared to $1,407.818 million a year ago. Total revenue was $1,636.200 million compared to $1,532.836 million a year ago. Earnings before interest and taxes were $109.888 million compared to $34.664 million a year ago. Pre-tax income was $78.521 million compared to $2.634 million a year ago. Net income was $80.748 million or $1.09 per diluted share compared to $35.524 million or $0.48 per diluted share a year ago. On non-GAAP basis, the company reported earnings before interest and taxes of $180.304 million compared to $130.323 million a year ago. Net income was $118.534 million or $1.60 per diluted share compared to $87.311 million or $1.19 per diluted share a year ago. Operating earnings in the quarter more than doubled to approximately $27 million, driven by the strong performance in wholesale dress and sportswear businesses. For the year, the company reported net sales of $5,540.821 million compared to $5,410.028 million a year ago. Total revenue was $6,042.999 million compared to $5,890.624 million a year ago. Earnings before interest and taxes were $660.362 million compared to $491.173 million a year ago. Pre-tax income was $543.112 million compared to $363.085 million a year ago. Net income was $433.840 million or $5.87 per diluted share compared to $275.697 million or $3.78 per diluted share a year ago. On non-GAAP basis, the company reported earnings before interest and taxes of $751.608 million compared to $681.875 million a year ago. Net income was $486.360 million or $6.58 per diluted share compared to $396.923 million or $5.44 per diluted share a year ago. The company provided earnings guidance for the first quarter of 2013. Revenue in the first quarter of 2013 is expected to be approximately $1.9 billion. On a non-GAAP basis, an earning per share for the first quarter is currently projected to be relatively flat as compared to $1.33 in the prior year's first quarter. The company's first quarter 2013 earnings per share estimate exclude approximately $50 million of pre-tax costs associated with the acquisition and integration of Warnaco. The company expects GAAP net income per common share of $0.88. The company provided earnings guidance for the full year of 2013. Revenue in 2013 is currently projected to be approximately $8.2 billion. The standalone revenues are slightly over $6 billion, with standalone Warnaco revenues comprising about $2.15 billion year-over-year comparisons on revenue impacted by the elimination of about $200 million of intercompany sales in 2013. This amount reflects the elimination of approximately $200 million of revenue generated, in the aggregate, by the company and Warnaco in 2012 through transactions between each other and approximately $100 million of additional lost revenue from the absence of the 53rd week in 2013 and the revenue generated by Warnaco for the first ten days of the company's 2013 fiscal year, since the acquisition did not close until February 13, 2013. The company's expectation for revenue from the acquired Warnaco businesses is approximately $2.15 billion, which is relatively flat as compared to Warnaco's 2012 revenue (excluding approximately $230 million of revenue related to the Chaps men's sportswear business, which Ralph Lauren Corporation is reacquiring). Non-GAAP earning per share is currently projected to be approximately $7.00, as compared to the $6.58 in 2012, reflecting approximately $0.25 per share of dilution as a result of the Warnaco acquisition. The company currently projects that 2013 interest expense will be approximately $200 million and that the 2013 full year tax rate will be approximately 25.5% to 26.5%. The company expects GAAP net income per common share of $5.88.