PVH Q4 Earnings Report: Beat Estimates but Misses 2024 Guidance
Tuesday, 2 April 2024, 21:32
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.