
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.



