PVH Expects Q3 Revenue To Decrease 6% To 7% (Decrease 7% To 8% On Constant Currency Basis); Adj EPS Of Approximately $2.50, Est $3.12
Portfolio Pulse from Benzinga Newsdesk
PVH Corp anticipates a 6% to 7% decrease in Q3 revenue, or 7% to 8% on a constant currency basis, with an adjusted EPS of approximately $2.50, below the estimated $3.12.
August 27, 2024 | 8:22 pm
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PVH Corp expects a significant decline in Q3 revenue and adjusted EPS, missing analyst estimates, which could negatively impact the stock price.
The anticipated decline in revenue and adjusted EPS below estimates suggests potential challenges in PVH's business operations, likely leading to a negative market reaction.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100