Fashion conglomerate PVH (NYSE:PVH) reported results in line with analysts’ expectations in Q2 CY2024, with revenue down 6% year on year to $2.07 billion. It made a non-GAAP profit of $3.01 per share, improving from its profit of $1.98 per share in the same quarter last year.
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PVH (PVH) Q2 CY2024 Highlights:
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Revenue: $2.07 billion vs analyst estimates of $2.07 billion (small beat)
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EPS (non-GAAP): $3.01 vs analyst estimates of $2.28 (32.3% beat)
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EPS (non-GAAP) guidance for the full year is $11.68 at the midpoint, beating analyst estimates by 2.8%
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Gross Margin (GAAP): 60.1%, up from 57.6% in the same quarter last year
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Constant Currency Revenue fell 4.9% year on year(compared to 2% in the same quarter last year)
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Market Capitalization: $5.79 billion
Stefan Larsson, Chief Executive Officer,…
