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-0.00201033888569788 -0.00150775416427346 0.000717978173463486 0.00179494543365882 0.00358989086731763 0.00416427340608854 -0.000430786904078132 0.000143595634692779
Stock impact report

Calvin Klein owner sees higher inventory costs due to tariffs [Yahoo! Finance]

PVH Corp. (PVH) 
Last pvh corp. earnings: 4/1 04:15 pm Check Earnings Report
US:NYSE Investor Relations: pvh.com/investor-relations
Company Research Source: Yahoo! Finance
PVH Corp. reported higher inventory costs in the last quarter, lowering the company's gross margin for the period — and an even greater impact is expected this quarter, CFO Zac Coughlin said on a Dec. 5 earnings call The parent company of apparel brands Calvin Klein and Tommy Hilfiger saw inventory costs rise 3% year over year in the quarter ended Nov. 2 , 2% of which was due to tariffs, Coughlin said. "As we discussed last quarter, the impact of tariffs will be felt much more heavily in the fourth quarter than the third quarter as more inventory sells through at the new higher rate," the CFO said. Several retailers reported a spike in inventory costs due to shifting tariff policies implemented by the Trump administration this year. Gap, for instance, said tariffs largely accounted for a 5% increase in inventory for the quarter ended Nov. 1 . To offset the levies, the company planned to make sourcing adjustments and targeted price hikes. PVH expects to face a $65 million unmi Show less Read more
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