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PVH Q1 Earnings and Revenues Top Estimates

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PVH (NYSE: PVH) came out with quarterly earnings of $2.45 per share, beating the Zacks Consensus Estimate of $2.14 per share. This compares to earnings of $2.14 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of 14.49%. A quarter ago, it was expected that this owner of the Calvin Klein and Tommy Hilfiger brands would post earnings of $3.51 per share when it actually produced earnings of $3.72, delivering a surprise of 5.98%.

Over the last four quarters, the company has surpassed consensus EPS estimates four times.

PVH, which belongs to the Zacks Textile – Apparel industry, posted revenues of $1.95 billion for the quarter ended April 2024, surpassing the Zacks Consensus Estimate by 1.23%. This compares to year-ago revenues of $2.16 billion. The company has topped consensus revenue estimates three times over the last four quarters.

The sustainability of the stock’s immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management’s commentary on the earnings call.

PVH …

Full story available on Benzinga.com

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