Why PVH Stock Pulled Back Today
PVH(PVH) The Motley Fool·2024-04-02 21:322024 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 ...