PVH (PVH) Q4 Earnings: What To Expect

Radek Strnad /
2024/03/31 3:01 am EDT

Fashion conglomerate PVH (NYSE:PVH) will be reporting results after the bell. Here's what to look for.

Last quarter PVH reported revenues of $2.36 billion, up 3.6% year on year, missing analyst expectations by 1.8%. It was a slower quarter for the company, with a miss of analysts' constant currency revenue estimates.

Is PVH buy or sell heading into the earnings? Read our full analysis here, it's free.

This quarter analysts are expecting PVH's revenue to decline 2.7% year on year to $2.42 billion, a deceleration on the 2.4% year-over-year increase in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $3.52 per share.

PVH Total Revenue

Majority of analysts covering the company have reconfirmed their estimates over the last thirty days, suggesting they are expecting the business to stay the course heading into the earnings. The company missed Wall St's revenue estimates twice over the last two years.

Looking at PVH's peers in the apparel, accessories and luxury goods segment, some of them have already reported Q4 earnings results, giving us a hint of what we can expect. Carter's's revenues decreased 5.9% year on year, missing analyst estimates by 1.3% and Stitch Fix reported revenue decline of 17.5% year on year, missing analyst estimates by 0.6%. Carter's traded up 1.8% on the results, Stitch Fix was down 9.8%.

Read our full analysis of Carter's's results here and Stitch Fix's results here.

There has been positive sentiment among investors in the apparel, accessories and luxury goods segment, with the stocks up on average 3.6% over the last month. PVH is up 2.4% during the same time, and is heading into the earnings with analyst price target of $137.6, compared to share price of $141.

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