Piper Jaffray Estimates Euro Sensitivity On PVH, GES, VFC, WRC, ZQK

Piper Jaffray is estimating the Euro sensitivity as follows: Phillips-Van Heusen Corp. PVH: $0.01 change is $0.02 EPS impact; guidance assumes FY Euro is $1.35-1.37. Guess? Inc. GES: $0.01 change is $0.01 EPS impact; guidance assumes FY Euro weakens modestly. V.F. Corporation VFC: $0.05 change is $0.02-0.03 EPS impact; guidance assumes FY Euro falls to $1.30. Warnaco Group Inc. WRC: $0.01 change is slightly less than $0.01 EPS impact. Quiksilver Inc. ZQK: $0.05 change in Euro is about $0.01 EPS impact, Euro rate $1.34 when reported full year earnings. Quiksilver closed Thursday at $4.42; Warnaco Group closed at $57.19; V.F. Corporation closed at $98.53; Guess? Closed at $39.35; Phillips-Van Heusen closed at $65.03.