Phillips-Van Heusen (PVH) announced Q3 results making much about exceeding guidance and consensus. OK boys so you blew out the quarter. No commentary about what really went really well and why you beat your own guidance. The game PVH is trying to position is that we guide low and then substantially exceed.
Just read the CEO comments from the press release. Personal public relations for the boss.
Emanuel Chirico, Chairman and Chief Executive Officer, noted, “We are extremely pleased with our strong performance in the third quarter, which enabled us to again exceed our guidance.
Disclosure: George Gutowski writes from a caveat emptor perspective. I hold no positions in stocks mentioned in this post.
- Phillips-Van Heusen earnings per share fall 29% (marketwatch.com)
- UPDATE 2-Phillips-Van Heusen ups year outlook, 4th-qtr light (reuters.com)