PVH will report its second-quarter earnings after the market closes on Wednesday, with analysts expecting revenue to decline 3.4% year on year, a reversal from the 4.5% increase recorded in the same quarter last year. The fashion conglomerate beat revenue expectations last quarter, reporting $2.03 billion, up 2.1% year on year, and also exceeded EPS estimates. Analysts have generally reconfirmed their estimates over the past 30 days, and PVH has a history of beating Wall Street's expectations. In the consumer discretionary apparel and accessories segment, peers Figs and Movado have already reported strong results, with Figs revenue up 28.8% and Movado up 4.9%. PVH shares are down 16.4% over the last month, trading at $74.23, with an average analyst price target of $91.83.
PVH CorpPVH is expected to report a revenue decline, and its shares have fallen 16.4% over the last month.
Movado Group Inc
Figs Inc