Published on 31 May 2024 on Zacks via Yahoo Finance

Here's How PVH Corp (PVH) Is Placed Ahead of Q1 Earnings

PVH Corporation PVH will report first-quarter fiscal 2024 results on Jun 5 after the market close. The consensus mark for quarterly revenues is pegged at $1.9 billion, indicating a decline of 10.7% from the prior-year reported number.The Zacks Consensus Estimate for the company’s earnings is pegged at $2.14 per share, which remains flat year over year. The consensus mark has moved up by a penny in the past 30 days.In the last reported quarter, the company delivered an earnings surprise of 6%. It has a trailing four-quarter earnings surprise of 9.2%, on average.

Factors to Note

PVH Corp has been focused on fueling digital growth by developing a holistic distribution strategy for Calvin Klein and Tommy Hilfiger, driven by digital and direct-to-consumer channels and wholesale partnerships. It has also been focusing on boosting efficiencies to be cost-competitive and, in turn, reinvest in strategic plans. Gains from these efforts are likely to have been reflected in the company’s top and bottom-line performance.