PVH Posts Q2 Beat, But Analysts Expect Softer Trends In US And China To Continue
Portfolio Pulse from Priya Nigam
PVH Corp reported better-than-expected Q2 earnings, but its shares fell due to concerns over continued softness in the US and China markets. Despite raising full-year earnings guidance, the company expects revenue declines and a challenging macroeconomic environment.
August 28, 2024 | 4:12 pm
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PVH Corp's Q2 earnings beat expectations, but shares fell due to concerns over continued softness in key markets like the US and China. Despite raising full-year guidance, revenue is expected to decline, and the macroeconomic environment remains challenging.
PVH's Q2 earnings exceeded expectations due to a tax benefit, but the market reacted negatively to the company's guidance, which anticipates continued softness in key markets and a challenging macroeconomic environment. Analysts maintain positive ratings, but the short-term outlook remains cautious.
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