PVH Corp. (NYSE:PVH) shares are trading lower after reporting its second-quarter financial results, guided a third-quarter revenue decline and issued earnings guidance below estimates after Tuesday's closing bell. Here's a look at the key figures from the report.
The Details: PVH reported quarterly earnings of $3.01 per share, which beat the analyst consensus estimate of $2.29 by 31.44%. Quarterly sales came in at $2.074 billion which beat the analyst consensus estimate and is a 6.03% decrease from the same period last year.
Revenue in the company’s international businesses decreased by 4% compared to the prior year period, primarily due to the challenging consumer environment in Asia Pacific, particularly in China and Australia, and the continuation of planned strategic reduction in sales in Europe to drive ...
