2024 guidance was well below expectationsShares of PVH (PVH -22.22%), the parent of apparel brands like Calvin Klein and Tommy Hilfiger, posted disappointing results in its fourth-quarter earnings report.As a result, the stock closed down 22.2%. PVH delivers a solid quarter...PVH actually beat estimates in the Q4 report but came up short on guidance as it expects revenue to fall in 2024.In Q4, revenue was flat or down 1% to $2.49 billion, but that beat expectations at $2.42 billion. The company also benefit ...

Key TakeawaysA warning from PVH sent ripples throughout the high-end retailing industry, driving down shares of others in the sector as well.PVH gave much lower-than-expected guidance as sales were affected by a weak European market and a slowdown in wholesalers making purchases.Ralph Lauren and V.F. Corporation have also reported lower wholesale demand.Shares of Ralph Lauren, V.F. and Tapestry all fell sharply on Tuesday. Shares of upscale retailers sank after PVH Corp. (PVH) warned that slowing demand in ...

PVH Corp. (NYSE:PVH) Q4 2023 Earnings Conference Call April 2, 2024 9:00 AM ET Company Participants Sheryl Freeman - SVP, IR Stefan Larsson - CEO Zac Coughlin - CFO Conference Call Participants Matthew Boss - JPMorgan Jay Sole - UBS Michael Binetti - Evercore ISI Bob Drbul - Guggenheim Ike Boruchow - Wells Fargo Dana Telsey - Telsey Advisory Group Chris Nardone - Bank of America Operator Good morning, everyone, and welcome to today's PVH Fourth Quarter 2023 Earnings Conference Call. At this time, all partic ...

or issued its audit report. ☒ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). Yes ☐ No x The aggregate market value of the registrant's voting and non-voting common equity held by non-affiliates of the registrant (assuming, for purposes of this calculation only, that the registrant's directors and corporate officers are affiliates of the registrant) based upon the closing sale price of the registrant's common stock on July 30, 2023 (the last business d ...

Key PointsPVH Corp. had a solid quarter but guided weak; analysts think it's cautious and easily beaten. Margin strength helped to sustain earnings growth and capital returns. The share repurchase plan was increased by $2 billion or about 1/3 of the new market cap. 5 stocks we like better than PVHPVH’s NYSE: PVH quality operations, cash flow, and capital returns make the 25% discount on share prices an opportune time to buy the stock. The cause of the price implosion is the guidance, which came in below the ...

Key TakeawaysPVH shares were more than 20% lower in premarket trading Tuesday after the company issued soft current-quarter and full-year outlooks, citing cautious wholesale customers and challenging macroeconomic conditions in its European business.North American sales were weighed down by a cumulative 2% decline in the company’s Tommy Hilfiger and Calvin Klein businesses in the fourth quarter.Monitor if the PVH share price can hold above a multi-month uptrend line, currently sitting around $104. PVH (PVH) ...

PVH (NYSE: PVH) stock price tumbled hard on Tuesday after the company issued a major warning on its European business. It crashed by over 23% in the pre-market session, erasing all gains it made in the first quarter. It has retreated to its lowest level since December 8 last year.Weak guidance Copy link to section PVH is one of the biggest luxury goods companies in the United States. It owns some of the best-known brands in the industry like Calvin Klein and Tommy Hilfiger. It has a market cap of over $8 bi ...

For the quarter ended January 2024, PVH (PVH) reported revenue of $2.49 billion, up 0.1% over the same period last year. EPS came in at $3.72, compared to $2.38 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $2.41 billion, representing a surprise of +3.20%. The company delivered an EPS surprise of +5.98%, with the consensus EPS estimate being $3.51.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compar ...

Monday, April 1st, 2024Market indices couldn’t hold onto their gains established in early morning trading to start the new week, after a three-day Easter holiday weekend that maybe gave some market participants time to re-think the broadening out of this rally we’ve seen since late October of last year. Sometimes a pause refreshes, but sometimes a pause gives us time to reason out current valuations across a wide spectrum of industries in a rally that has seen the Nasdaq and S&P 500 go up by double digits f ...

Investors are always looking for stocks that are poised to beat at earnings season and PVH Corp. (PVH) may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.That is because PVH Corp is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — is a pretty good indicator o ...