Tag: $PVH

PVH Corp came under heavy selling pressure in premarket trading on Thursday, with shares dropping around 22% after investors focused on a more cautious full-year outlook despite a solid first-quarter performance that met or exceeded market expectations.

Shares in PVH Corp (NYSE:PVH), the parent company of Tommy Hilfiger, have seen a premarket slump of 8.4%, falling to $74 on Thursday as the company lowered its forecast for both second-quarter and full-year adjusted earnings per share (EPS).

PVH Corp. (PVH), the owner of the Calvin Klein and Tommy Hilfiger brands, is expecting sales growth to be flat or slightly positive this year, outpacing analysts’ expectations.

Shares of PVH Corp. fell nearly 8% in the extended session Tuesday after the parent company of Calvin Klein and Tommy Hilfiger reported a better-than-expected second quarter, but said that its business environment in the all-important Asia Pacific region has faced challenges.

PVH Corp., the company behind Tommy Hilfiger and Calvin Klein, raised its profit outlook for the full year on Tuesday despite weaker quarterly sales, saying it was confident in its longer-term plans to grow sales and profit in North America and abroad.

Shares of PVH were trading sharply lower after the apparel company issued a sales warning.

PVH Corp. shares rose more than 2% in the extended session Tuesday after the parent of Calvin Klein and Tommy Hilfiger brands reported second-quarter earnings and sales above Wall Street expectations, saying it saw solid growth in sales in Asia.

PVH , the parent of the Calvin Klein and Tommy Hilfiger brands, said on Tuesday it is cutting more jobs—adding to those announced last year.