PVH Corp.: Q2 Revenue Numbers Can Overshadow Solid Profits
PVH(PVH) Seeking Alpha·2024-08-26 16:45
olaser Soon after my last article on the Tommy Hilfiger and Calvin Klein brands' owner PVH Corp. (NYSE:PVH), its stock price fell off a cliff following its final quarter (Q4 2023) and full-year 2023 (year ending January 2024) results (see chart below). The results themselves weren't bad compared with expectations. But there was a very good reason for the price decline. The outlook, as the company expected the number to contract by 6-7% in 2024 in both reported and constant currency terms. With a 10% year-on ...