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PVH +4% after earnings top beaten-down expectations

Sep. 02, 2020 4:23 PM ETPVH Corp. (PVH) StockBy: Clark Schultz, SA News Editor1 Comment
  • PVH (NYSE:PVH) reports revenue fell 33% in FQ2 to improve on the rate of decline seen in FQ1.
  • Revenue through digital channels was up over 50%, with sales through its directly operated digital commerce businesses up 87% compared
  • Looking ahead, PVH expects H2 revenue and earnings will continue to be negatively impacted by the COVID-19 pandemic, with an estimate for a revenue drop of around 25%. The China and Europe businesses are said to be encouraging, but the resurgence of COVID-19 cases in the U.S. and lack of international traffic continues to be a drag.
  • Shares of PVH are up 4.05% AH to $62.90.
  • Previously: PVH EPS beats by $2.56, beats on revenue (Sept. 2)

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