Calvin Klein Parent PVH Stock Sinks as International Sales Struggle

Key Takeaways Shares of 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 revenue decline amid a "challenging consumer environment." PVH's sales were in line with estimates and it posted better-than-expected profit. Struggling international sales in China and Australia led the company to affirm its full-year projections of a revenue drop between 6% and 7%. Shares of PVH (PVH) sank in premarket trading Wednesday, a d ...