PVH Sees FY23 Adj. EPS $10.45 Vs $10.35 Est.; Revenue To Increase ~1% YoY
Portfolio Pulse from Benzinga Newsdesk
PVH Corp. forecasts its FY23 adjusted earnings per share (EPS) to be $10.45, slightly above the estimated $10.35. The company also expects its revenue to increase by approximately 1% year-over-year.
November 29, 2023 | 9:22 pm
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PVH Corp. has raised its FY23 adjusted EPS guidance to $10.45, surpassing the consensus estimate of $10.35, and expects a revenue increase of about 1% YoY.
The upward revision of PVH's EPS guidance above analyst estimates is typically seen as a positive indicator of the company's financial health and future performance. The expected revenue growth, although modest, further supports a positive outlook. This news is likely to be taken well by investors, potentially leading to a short-term increase in stock price.
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