PVH Announces Fine 4Q and Calvin Klein Restructuring; No Expected Change to FVE
PVH issued two press releases in the afternoon of Jan. 10. In one, narrow-moat PVH announced a restructuring of its Calvin Klein brand and, in the other, it raised its outlook for the fourth quarter and full-year 2018. PVH increased its revenue expectations for fourth quarter to at least $2.40 billion and increased its full-year revenue guidance to at least $9.57 billion. This guidance is slightly above our revenue forecasts of $2.39 billion and $9.56 billion for the fourth quarter and the full ...PVH is a branded apparel company. The company designs and markets branded dress shirts, neckwear, sportswear, jeanswear, performance apparel, intimate apparel, underwear, swimwear, swim products, handbags, accessories, footwear and other related products. The company also licenses the use of its trademarks to third parties and joint ventures. The company's businesses include: Tommy Hilfiger, which consists of the Tommy Hilfiger North America and Tommy Hilfiger International segments; Calvin Klein, which consists of the Calvin Klein North America and Calvin Klein International segments; and Heritage Brands, which consists of the Heritage Brands Wholesale and Heritage Brands Retail segments.
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