Why PVH Stock Plunged Today
Shares of PVH Corp (NYSE: PVH) fell due to a cautious outlook and mixed Q1 results. The fashion conglomerate, parent company of Calvin Klein and Tommy Hilfiger, warned that the Middle East conflict is expected to cause a 3% to 4% revenue decline in Q2, particularly impacting its EMEA division. Despite a 2% year-over-year revenue increase in Q1, adjusted operating income and earnings per share decreased, primarily due to higher marketing costs and foreign currency fluctuations.
https://www.theglobeandmail.com/investing/markets/markets-news/motley/2316163/why-pvh-stock-plunged-today/