PVH (PVH) Stock

PVH (PVH) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

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NEW YORK--(BUSINESS WIRE)--PVH Corp. [NYSE: PVH] today announced the appointment of Jesper Andersen, Executive Vice President and Chief Financial Officer of the LEGO Group, to its Board of Directors, effective immediately. He has also been appointed to the Board's Audit and Risk Management Committee. Stefan Larsson, PVH Chief Executive Officer, said, “Jesper is a seasoned global leader with deep experience driving sustainable, brand-accretive growth at one of the most iconic, high-performing co.

PVH is set to drive profitability through brand strengthening, operational efficiency and targeted market expansion in international business.

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PVH gains from its brand strength and direct-to-consumer business. Its PVH+ Plan also looks encouraging.

I upgrade PVH stock from sell to buy due to improved demand outlook and visible path to margin expansion, enabling faster earnings growth than top line. Easing inflation in key markets and improved consumer sentiment have significantly boosted the demand outlook, with strong sell-through rates and improving order books. Management's cautious 3Q24 revenue decline guidance is prudent, but early signs of strong sales and record consumer engagement suggest potential outperformance.

PVH gains from its brand strength and direct-to-consumer business. Its PVH+ Plan also looks encouraging.

PVH Corp.'s 2Q24 results met expectations, with revenue declines mainly due to the sale of legacy brands, and showed sequential improvement in North America and Europe. Despite a 20% stock drop since June, fundamentals have improved, making the current 9.5x earnings valuation attractive; I maintain my Buy rating. Mixed top line performance: 2Q24 revenue down 6%, with a 3% comparable decrease; Europe showed significant improvement, while North America was flat and Asia declined.