UPDATE 1-Calvin Klein owner PVH cuts full-year profit, revenue forecast [Reuters]
PVH Corp. (PVH)
Last pvh corp. earnings: 4/1 04:15 pm
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Source: Reuters
Calvin Klein owner PVH cuts full-year profit, revenue forecast - Reuters 2 Min Read (Reuters) - PVH Corp ( PVH.N ) cut its full-year profit and revenue forecast on Wednesday, as the Calvin Klein owner sees pressure from the escalating trade tensions between the U.S. and China and the ongoing protests in Hong Kong. The company now expects full-year adjusted profit between $9.30 and $9.40 per share compared to prior estimate of $10.20 to $10.30 per share. PVH said the U.S. tariffs on Chinese goods would hit its earnings by about 20 cents in 2019. The company also expects full-year revenue to grow about 1%, down from its prior outlook of about 3% rise. Chief Executive Officer Emanuel Chirico said the volatility in the macro environment, the global retail landscape and the continuing escalation of trade tensions between the U.S. and China will cause its business to remain under pressure, as will the ongoing impact of protests in Hong Kong. Despite the dull outlook, PVH reported better-t
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PVH
Earnings
- 4/1/24 - Beat
PVH
Sec Filings
- 4/16/24 - Form 4
- 4/16/24 - Form 4
- 4/16/24 - Form 4
- PVH's page on the SEC website