- PVH 1Q19 revenues grew 2.2% to $2.36 billion, missing the consensus estimate of $2.37 billion. Adjusted 1Q19 EPS rose 4.2% to $2.46 versus $2.36 in the same period last year and the $2.45 consensus estimate.
- Comps in North America declined 4% for Tommy Hilfiger, Calvin Klein fell 5% and Heritage Brands slid 6%.
- The company adjusted its outlook for 2019, lowering revenue growth from 4% to 3% and non-GAAP EPS to the range of $10.20-10.30 from previous $10.30-10.40 on expected currency volatility.
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