Indian retailer Arvind's Q4 profit rises on stable textile demand [Reuters]
PVH Corp. (PVH)
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Source: Reuters
The company, which sells international brands like Tommy Hilfiger, Arrow and Calvin Klein, said its consolidated net profit rose to 990.3 million rupees ($11.9 million) from 970 million rupees a year earlier. Indian retailers are overcoming sluggish demand and restrained consumer spending by rapidly offering products at discounts to sway consumers. Report this ad However, they continue to see amid increasing competition. Arvind posted a 10.3% rise in revenue from operations, while revenue from its core textile segment, which accounts for nearly 72% of total sales, grew 5%. The company said it saw a recovery in denim sales during the quarter, while garments and woven products sales grew. The advanced materials segment, through which Arvind makes fabrics and protective gear for construction work, grew about 21%. "With inventory correction behind and fresh order booking and onboarding of new customers, demand outlook is positive for the financial year 2025," the company sa
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PVH
Earnings
- 4/1/24 - Beat
PVH
Sec Filings
- 5/15/24 - Form SD
- 5/10/24 - Form ARS
- 5/10/24 - Form DEFA14A
- PVH's page on the SEC website