
PVH Corp. reported its second quarter earnings for 2024, revealing a diluted earnings per share (EPS) of $2.80, which exceeded guidance by 31.44%. The company's revenue totaled $2.074 billion, reflecting a 6% year-over-year decline, consistent with its guidance of a decrease of 6% to 7%. Adjusted diluted EPS was reported at $3.01. Despite beating earnings expectations, PVH's stock experienced a decline in pre-market trading, dropping 8.3% following the earnings announcement. Looking ahead, PVH projected third quarter EPS to be approximately $2.50, down from $2.90 in the prior year, primarily due to anticipated revenue declines. The company also estimated a tax rate of around 23% and an interest expense of approximately $17 million for the upcoming quarter. In contrast, Nordstrom also reported earnings that exceeded expectations, but only its stock saw a positive reaction in the market.




$GES (-6.4% pre) Guess (NYSE:GES) Posts Q2 Sales In Line With Estimates But Stock Drops - StockStory https://t.co/zslHNRgKSE
$AEO (-7.6% pre) American Eagle (NYSE:AEO) Misses Q2 Sales Targets, Stock Drops - StockStory https://t.co/W2fctRlOOc
$AEO Earnings: - Record second quarter revenue of $1.3 billion, rose 8% to last year - Diluted earnings per share was $0.39 - Operating profit of $101 million, up 55% to last year - Updates full-year operating income outlook to $455 to $465 million, the high-end of prior… https://t.co/vWEOcYhVUZ