PVH Stock Falls After Latest Earnings Report, but Analysts Bet on Long-term Outlook

  • 📰 wwd
  • ⏱ Reading Time:
  • 47 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 68%

France Nouvelles Nouvelles

France Dernières Nouvelles,France Actualités

The owner of Calvin Klein and Tommy Hilfiger saw sales drop 6 percent in its second quarter.

The company revealed net revenues fell 6 percent to $2.07 billion in its second quarter as demand weakened across the globe, particularly in China. Within that,underwear and denim campaigns), cutting back on inventory, building a “demand-driven supply chain,” and driving “hero” products with high-wattage marketing.growth over the long term.

Ashley Helgans, an analyst at Jefferies, added: “PVH has made meaningful progress in transitioning to a more focused, efficient, and strategic company. With a compelling roadmap and high-caliber management in place, it should see improved long-term results. However, we see 2024 as an investment year with the company making quality of sales decisions that are delaying growth and margin expansion.”“We’re in the business of building Calvin and Tommy into their full potential,” he said.

Willow Smith Takes on ‘70s Rocker Chic Style With Earthy Tones and Layered Jewelry to Open for Childish Gambino in DetroitJFK and Jackie Kennedy's Grandson Jack Schlossberg Suits Up to Honor…. We use vendors that may also process your information to help provide our services. // This site is protected by reCAPTCHA Enterprise and the Google. We use vendors that may also process your information to help provide our services.

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 24. in FR
 

Merci pour votre commentaire. Votre commentaire sera publié après examen.

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Trump Media stock falls below $20 per share, a first since company went publicTrump Media, the company majority-owned by ex-President Donald Trump, fell below $20 per share for the first time since it started publicly trading as DJT.
La source: nbcchicago - 🏆 545. / 51 Lire la suite »

Stock Market Report: No. 10 FSU Football Falls To Georgia Tech In DublinWhose stock is up, and who is down after Florida State falls flat in the opening game?
La source: SInow - 🏆 273. / 63 Lire la suite »