BUZZ-PVH shares fall after downbeat quarterly forecasts
PVH shares fell ~2% to $85.75 after downbeat quarterly forecasts due to macroeconomic and global trade uncertainties. Q4 adj. EPS forecasted at $3.20-$3.35, below $3.61 estimates. Revenue expected to increase slightly to low single-digits vs. 3.7% growth estimates. Annual revenue forecast narrowed to low single-digits; EPS expected between $10.85-$11. PVH shares, which beat Q3 revenue and profit estimates, have fallen 17.2% YTD.
Shares Tommy Hilfiger and Calvin Klein parent PVH (PVH.N) down ~2% at $85.75 after the bell on downbeat quarterly forecasts amid macroeconomic and global trade uncertainties
Co sees Q4 adj. EPS in a range of $3.20 to $3.35, below estimates of $3.61, forecasts revenue to “increase slightly to up low single-digits” vs. estimates of a 3.7% growth — data compiled by LSEG
However, co narrows annual revenue forecast to “up low single-digits” compared to an “increase slightly to up low single-digits” previously; EPS expected between $10.85 and $11 vs. previous $10.75 to $11 expectation
Shares of PVH, which also beat Q3 revenue and profit estimates, have fallen 17.2% YTD
