Data-driven insights that help companies navigate the changing retail and technology landscape. LEARN MORE
Company Earnings Update

PVH (NYSE: PVH) 1Q19 Results: Revenue Misses, US Comps Decline as Tariffs and International Tourism Impact Demand

#
Coresight Research

Key Points

  • 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.

Please Log In to read the full report. Not a member? Register for a free user account.

Other research you may be interested in:

×