UBS Reiterates Buy Rating on PVH Corp (PVH)
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June 4, 2024 4:17 PM EDT
NEW YORK--(BUSINESS WIRE)--
PVH Corp. (NYSE: PVH) today announced that Martijn Hagman, CEO of Tommy Hilfiger Global and PVH Europe, will be leaving the Company. He will serve in an advisory capacity to facilitate a smooth transition.
Lea Rytz Goldman, Tommy Hilfiger Global President, leads the global brand, reporting directly to PVH CEO Stefan Larsson. David Savman, PVHs Chief Supply Chain Officer, will serve as... More
June 4, 2024 4:15 PM EDT
First quarter
Revenue: Decreased 10% to $1.952 billion compared to the prior year period (decreased 9% on a constant currency basis) and exceeded guidance of a decrease of approximately 11% (decrease of approximately 10% on a constant currency basis)
EPS:
GAAP basis: $2.59 exceeded guidance of approximately $2.15
Non-GAAP basis: $2.45 exceeded guidance of approximately $2.15 (there were no non-GAAP exclusions in the guidance)
Full year outlook
Revenue: Reaffirms projected decrease of 6% to 7% (decrease 6% to 7% on a constant currency basis)
Operating margin: Reaffirms outlook of approximately flat compared to 10.1% in... More
