PVH - Tommy Hilfiger & Calvin Klein Parent PVH Corp. Stock Tumbles On Tuesday - Here's Why | Benzinga
PVH Corp. (NYSE:PVH) shares are trading lower after the company issued weak first-quarter guidance.
The company reported adjusted fourth-quarter earnings per share of $3.72, beating the Wall Street view of $3.53.
Quarterly revenues of $2.49 billion outpaced the analyst consensus of $2.42 billion. Sales were flat as compared to the prior year period and exceeded guidance of a 3% to 4% decline.
In the quarter under review, Tommy Hilfiger revenue increased by 1%, Calvin Klein revenue increased by 4%, and Heritage Brands revenue decreased by 41%.
Overall revenue in the company's international businesses increased 4% on growth ...