PVH Q1 Adj EPS $2.45 Beats $2.16 Estimate, Sales $1.95B Beat $1.93B Estimate
Portfolio Pulse from Benzinga Newsdesk
PVH Corp. (NYSE: PVH) reported better-than-expected Q1 adjusted earnings per share (EPS) of $2.45, surpassing the analyst estimate of $2.16. The company also reported quarterly sales of $1.95 billion, beating the estimate of $1.93 billion. Despite the positive earnings surprise, sales were down 9.55% compared to the same period last year.
June 04, 2024 | 8:16 pm
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PVH Corp. reported Q1 adjusted EPS of $2.45, beating the analyst estimate of $2.16. Quarterly sales of $1.95 billion also surpassed the estimate of $1.93 billion. However, sales decreased by 9.55% compared to the same period last year.
PVH's better-than-expected earnings and sales figures are likely to have a positive short-term impact on the stock price. However, the year-over-year decline in sales may temper some of the enthusiasm.
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