Calvin Klein Parent PVH Sinks Over 16% In 5 Days After Slashing Revenue Guidance: CEO Says Brand Is Balancing 'Opposing Forces' And 'Momentum'
PVH Corp., parent company of Calvin Klein and Tommy Hilfiger, saw its shares drop over 16% in five days after reducing its full-year revenue guidance. The company attributes the downturn to the "prolonged effects of the Middle East conflict" impacting wholesale demand and consumer traffic in the EMEA region. Despite the revenue cut, PVH reaffirmed its profitability targets, buoyed by a $100 million benefit from U.S. tariff refunds.
https://www.benzinga.com/markets/equities/26/06/53055100/calvin-klein-parent-pvh-sinks-over-16-in-5-days-after-slashing-revenue-guidance-ceo-says-brand-is-balancing-opposing-forces-and-momentum