PVH Lowers Sales Outlook Due to Impact of War in Iran
PVH Corp., parent company of Calvin Klein and Tommy Hilfiger, has lowered its full-year sales outlook citing the impact of war-related disruptions from the conflict with Iran. Despite beating first-quarter earnings estimates, PVH expects revenues for the year to be slightly down on a constant currency basis instead of flat or up as previously forecasted.
Topics: PVH revenue guidance sales outlook war in Iran