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Shares of PVH (PVH) sank in premarket trading Wednesday, a day after the parent of Calvin Klein and Tommy Hilfiger reported a 6% year-over-year second-quarter sales drop amid a "challenging consumer environment."
While the top- and bottom-line numbers for PVH (PVH) give a sense of how the business performed in the quarter ended July 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
PVH (PVH) came out with quarterly earnings of $3.01 per share, beating the Zacks Consensus Estimate of $2.27 per share. This compares to earnings of $1.98 per share a year ago.
NEW YORK--(BUSINESS WIRE)--PVH Corp. [NYSE: PVH] today reported its 2024 second quarter results and updated its full year EPS outlook. Stefan Larsson, Chief Executive Officer, commented, “We delivered on our top- and bottom-line commitments and beat our earnings guidance for the second quarter, led by our disciplined execution of the PVH+ Plan. For both Calvin Klein and Tommy Hilfiger, we drove strong consumer engagement and continued to increase product strength and improve newness in our asso.
PVH Corp. PVH, the clothing company that owns brands such as Tommy Hilfiger and Calvin Klein, will release earnings results for its second quarter, after the closing bell on Tuesday, Aug. 27.
PVH Corp.'s stock price has been overshadowed in recent months by its poor revenue performance and outlook. This can continue into Q2, 2024. But the stock isn't without its redeeming factors. Earnings have seen a robust rise recently, and the earnings outlook has been upgraded as well. With recent price weakness, a strong earnings outlook, as expected in Q2 2024, results in attractive market multiples.
PVH Corp. PVH, the clothing company that owns brands such as Tommy Hilfiger and Calvin Klein, will release earnings results for its second quarter, after the closing bell on Tuesday, Aug. 27.
Besides Wall Street's top -and-bottom-line estimates for PVH (PVH), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended July 2024.
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PVH Corp (PVH) gains from its brand strength and direct-to-consumer business. Its PVH+ Plan also looks encouraging.