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Stock impact report

PVH cuts profit and revenue forecast as tariffs, Hong Kong protests bite [Reuters]

PVH Corp (PVH)  More Company Research Source: Reuters
Last pvh corp earnings: 4/1 04:15 pm Check Earnings Report
US:NYSE Investor Relations: pvh.com/investor-relations
PDF PVH cuts profit and revenue forecast as tariffs, Hong Kong protests bite (Reuters) - PVH Corp ( PVH.N U.S. retailers have been worried about the cost of the bitter trade war with President Donald Trump’s latest plans to further hike tariffs on Chinese goods imported to the U.S. The Trump administration on Wednesday made official its extra 5% tariff on $300 billion in Chinese imports and set collection dates of Sept. 1 and Dec. 15. PVH, which imported about $400 million of inventory from the Asian country last year, said the tariff is expected to hit its earnings by about 20 cents per share in 2019. Adding to the company’s worries are the increasing promotions by retailers and department store operators in the domestic U.S. market as they grapple with sluggish sales due to a fall in tourist spending as well as the months of political turmoil in Hong Kong. PVH now expects full-year adjusted profit between $9.30 per share and $9.40 per share compared to prior estimate of $10.20 per share [Read more]
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