PVH Q4 Earnings Report: Beat Estimates but Misses 2024 Guidance

Tuesday, 2 April 2024, 21:32

PVH, parent company of Calvin Klein and Tommy Hilfiger, exceeded expectations in Q4 but fell short in its 2024 revenue forecast, leading to a 22.2% stock decline. Despite strong Q4 results, lower revenue and EPS projections for 2024 indicate hurdles for its PVH+ Plan. The company aims to boost brand desirability but faces challenges from declining revenue and stopped sales on digital platforms.
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PVH Q4 Earnings Report: Beat Estimates but Misses 2024 Guidance

PVH Stock Performance: Q4 Beat Estimates but 2024 Guidance Disappoints

Shares of PVH (NYSE: PVH) closed down 22.2% after the company's Q4 earnings report revealed a strong quarter but weak guidance for 2024.

Key Points:

  • PVH beat Q4 revenue estimates with $2.49 billion, thanks to a calendar advantage.
  • Wholesale revenue dropped 10%, but direct-to-consumer revenue rose 9% as part of the PVH+ plan.
  • Despite an EPS jump to $3.72, the 2024 revenue forecast was below consensus at $8.57 billion to $8.66 billion.

Conclusion: PVH has shown progress in Q4, but its future outlook raises concerns for investors, as revenue declines, and the PVH+ Plan faces delays.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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