PVH Q2 2024 Adj EPS $3.01 Beats $2.29 Estimate, Sales $2.074B Beat $2.067B Estimate
Portfolio Pulse from Benzinga Newsdesk
PVH reported Q2 2024 earnings of $3.01 per share, surpassing the $2.29 estimate and marking a 52.02% increase from last year. Sales were $2.074 billion, slightly above the $2.067 billion estimate but down 6.03% from last year.
August 27, 2024 | 8:17 pm
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PVH's Q2 2024 earnings significantly exceeded expectations with an EPS of $3.01, a 52.02% increase from last year, despite a 6.03% decline in sales compared to the previous year.
PVH's earnings per share significantly exceeded analyst expectations, which is likely to positively impact the stock price in the short term. The substantial year-over-year increase in EPS indicates strong profitability, despite a decline in sales. The market often reacts positively to earnings beats, especially when the EPS growth is substantial.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100