PVH Corp. beats Q4 earnings guidance, revenue up 7% for full-year 2012

By Lisa Kerner

Charlotte, N.C., March 28 - PVH Corp. chairman and chief executive officer Emanuel "Manny" Chirico said he was "very pleased" with the company's fourth-quarter earnings results.

"We beat the top end of our fourth-quarter earnings guidance by five cents a share," he said during a conference call on Thursday to discuss the numbers.

In addition, the Bridgewater, N.J.-based apparel company came out of 2012 "very clean from an inventory and receivables point of view," said Chirico, positioning the company well for the first part of 2013.

PVH reported fourth-quarter non-GAAP earnings per share of $1.60 and full-year non-GAAP EPS of $6.58 per share.

The company's revenue was up 7% for the quarter at $1.6 billion and up 3% for 2012 at $6 billion.

On Feb. 13, PVH completed its acquisition of Warnaco, a New York-based apparel company.

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