Fashion conglomerate PVH (NYSE:PVH)
will be reporting earnings tomorrow after market hours. Here’s what to expect.
PVH beat analysts’ revenue expectations by 1.5% last quarter, reporting revenues of $2.26 billion, down 4.6% year on year. It was a strong quarter for the company, with an impressive beat of analysts’ adjusted operating income estimates.
This quarter, analysts are expecting PVH’s revenue to decline 6.2% year on year to $2.34 billion, a deceleration from its flat revenue in the same quarter last year. Adjusted earnings are expected to come in at $3.21 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. PVH has missed Wall Street’s revenue estimates three times over the last two years.
Looking at PVH’s peers in the apparel and accessories segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Stitch Fix’s revenues decreased 5.5% year on year, beating analysts’ expectations by 4.4%, and ThredUp reported revenues up 9.5%, falling short of estimates by 2.4%. Stitch Fix traded down 5.2% following the results while ThredUp was up 6.7%.
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