PVH Corp. says sees EPS growth of 15%+ in 2015 and beyond Says continues to see challenging retail environment in North America due to unseasonably cold weather, later Easter holiday. Sees Q1 comps flat at Tommy, Calvin; sees mid single digit negative comp at Heritage. Sees 1H14 pressured by strategic initiatives, sees benefits from improved C.K. Jeans business in 2H. Says 2014 comps will be toughest in 1H. Says "more and more concerned" about retail environment. Says "on track" with Warnaco acquisition. Sees a "strong" April. Comments made on the Q4 earnings conference call.
PVH Corp. volatility elevated into Q1 and outlook PVH Corp. June call option implied volatility is at 37, July is at 30; compared to its 52-week range of 18 to 39, suggesting large near term price movement into the expected release of Q1 results on June 2.