PVH Expects Q2 Revenue To Decrease 6% - 7% Y/Y, EPS Of Approximately $2.25, Est $2.20
Portfolio Pulse from Benzinga Newsdesk
PVH Corp. expects its Q2 2024 revenue to decrease by 6% to 7% year-over-year, with an EPS of approximately $2.25, slightly above the estimated $2.20. The EPS projection includes a negative impact of $0.05 per share due to foreign currency translation.
June 04, 2024 | 8:23 pm
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PVH Corp. expects a 6%-7% decline in Q2 2024 revenue and an EPS of $2.25, slightly above the estimated $2.20. The EPS includes a $0.05 negative impact from foreign currency translation.
The expected revenue decline and the slight EPS beat suggest mixed signals for PVH Corp. The negative impact of foreign currency translation on EPS is a concern, but the overall EPS projection is slightly above estimates, leading to a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100