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Shares of Tommy Hilfiger and Calvin Klein parent PVH Corp. tumbled on Tuesday - here's why

Shares of PVH Corp. (NYSE:PVH) are trading lower after the company issued weak first-quarter guidance. The company reported fourth-quarter adjusted earnings of $3.72 per share, beating Wall Street estimates of $3.53. Quarterly revenue was $2.49 billion, beating the analyst consensus estimate of $2.42 billion. Sales were flat year-over-year, exceeding expectations of a decline of 3% to 4%. For the quarter, Tommy Hilfiger revenue grew 1% and Calvin Klein revenue grew 4%.

How to Earn $500 a Month from Acuity Brands Stock Before Q2 Earnings Release

Acuity Brands Inc (NYSE: AYI) will release its second quarter financial results on April 3, 2024 before the opening bell. Analysts expect the company to report second-quarter earnings of $3.25 per share, up from $3.06 in the same period last year. The company is expected to report revenue of $908.75 million for the quarter, according to Benzinga Pro. On Jan. 25, Acuity Brands Inc. raised its quarterly dividend from 13 cents to 15 cents per share, and its board of directors raised the quarterly dividend from 10 cents to 15 cents per share.
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