Actionable Stock Market Trading Newswire. Built for Traders, by Traders.
All news is property of their respective owners.

PVH Corp. Sees Q1 EPS $2.15 Vs $2.59 Est.; Revenue Is Projected To Decrease ~11% As Compared To The First Quarter Of 2023

First Quarter 2024 GuidanceRevenue is projected to decrease approximately 11% as compared to the first quarter of 2023 (decrease approximately 10% on a constant currency basis), inclusive of a reduction of 3% related to
byBenzinga Newsdesk
April 1, 2024
1 minute read
Total
0
Shares
0
0
0
0
0
0

First Quarter 2024 Guidance

  • Revenue is projected to decrease approximately 11% as compared to the first quarter of 2023 (decrease approximately 10% on a constant currency basis), inclusive of a reduction of 3% related to the sale of the Heritage Brands women’s intimates business.
  • EPS is projected to be approximately $2.15 compared to $2.14 in the first quarter of 2023. The first quarter 2024 EPS projection includes the estimated negative impact of approximately $0.05 per share related to foreign currency translation.
  • Interest expense is projected to decrease to approximately $20 million compared to $22 million in the first quarter of 2023.
  • Effective tax rate is projected to be approximately 21%.

Please see the section entitled “Full Year and Quarterly Reconciliations of GAAP to Non-GAAP Amounts” at the end of this release for further detail and reconciliations of GAAP to non-GAAP amounts discussed in this section.

 
Total
0
Shares
Share 0
Tweet 0
Share 0
Share 0
Share 0
Share 0
Related Posts
Read More

Nasdaq, S&P 500 Futures Narrowly Mixed Ahead Of Friday’s Jobs Data: Analyst Sees Fed Retaining ‘Rate-Raising Bias’ If Number Remains Strong

By Shanthi Rexaline
January 6, 7:03 AM
U.S. stocks look set for another nervous start on Friday, as the index futures traded narrowly mixed. The mood reflects the apprehensions of traders as they look forward to each piece of incoming economic evidence to draw cues on the Fed rate outlook.

COST

Read More

What’s Going On With Nvidia’s Stock?

By Erica Kollmann
April 26, 1:14 PM
Nvidia shares are trading higher Friday. Several AI-related and chip stocks are rising following better-than-expected earnings from Microsoft and Meta increased its capex outlook. Wedbush analyst Dan Ives expressed his excitement about the strong results from Microsoft and Alphabet and emphasized the need for increased AI spending, as companies shift towards the "fourth industrial revolution."

GOOG