PVH shares drop 18% despite Q1 beat as apparel sector posts strong quarter

Earnings
โดย Yahoo Finance·Read original
Summary · why it matters

PVH shares fell 18.3% after its first-quarter results, even though the company beat revenue and earnings estimates. PVH reported revenues of $2.03 billion, up 2.1% year on year and 1.5% above analyst consensus, with next-quarter EPS guidance also exceeding expectations. The broader consumer discretionary apparel and accessories group, comprising 15 tracked stocks, beat revenue estimates by 1.4% on average and saw share prices rise 5.9% since reporting. Among peers, Ralph Lauren surged 17.9% on a 16.6% revenue jump, while Figs tumbled 36.1% despite a 28% revenue increase. Under Armour, the weakest performer, posted flat revenues of $1.17 billion and missed full-year EPS guidance, yet its stock rose 19.9%.

Impact on stocks 5

Consumer Discretionary± Mixed · 4 stocks
PVH Corp
PVH
▼ NegativeCapitalrelevance

PVH shares fell 18.3% after Q1 results, despite beating revenue and EPS estimates.

Under Armour Inc A
UAA
▲ PositiveCapitalrelevance

Under Armour stock rose 19.9% despite flat revenues and missed full-year EPS guidance.

Health Care · 1 stocks
Figs Inc
FIGS
▼ NegativeCapitalrelevance

Figs tumbled 36.1% despite a 28% revenue increase, indicating market disappointment with earnings.