PVH, which also owns clothing brands such as Tommy Hilfiger, Van Heusen and Arrow, posted better-than-feared results in the quarter ending August 2.
The company’s revenues reached $1.5 billion, a decline of 33 per cent from a year ago, and the company recorded a loss of 13 cents per share on an adjusted basis, down from $2.10 earnings per share last year.
The company reported seeing encouraging trends in the China and Europe markets, but ongoing headwinds continue to plague the North American market as coronavirus continues to spread across the US. The company is not concerned about the status of stimulus discussions than about getting a grip on the virus outbreak in the US
Shares of PVH dropped by 3 per cent in the aftermarket after the company posted fiscal second-quarter 2020 results. Its stocks declined by 43 per cent year to date.
