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04.06.26 - 17:57
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"Disappointing Update": Calvin Klein Owner PVH Crashes Most Since 1987 After Dismal Outlook (ZeroHedge)
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"Disappointing Update": Calvin Klein Owner PVH Crashes Most Since 1987 After Dismal Outlook
The apparel company behind Calvin Klein and Tommy Hilfiger was hammered in early U.S. cash trading, falling as much as 30%, its steepest intraday crash since 1987. Analysts were spooked by sustained pressure across the Europe, Middle East, and Africa region, where the prolonged U.S.-Iran conflict and softer consumer demand are now weighing on its revenue outlook.
PVH reaffirmed its full-year adjusted EPS guidance, which fell short of the Bloomberg Consensus estimate, and cut its revenue outlook amid a deteriorating macroeconomic environment in EMEA.
*CALVIN KLEIN OWNER PVH SINKS 28%, MOST INTRADAY SINCE OCT. 1987
— zerohedge (@zerohedge) June 4, 2026
"Upon first glance, this is a disappointing update from PVH. On one hand, we were encouraged by the healthy sales delivery, particularly in APAC. That said, investor expectations were elevated into the print. This is a surprising update to ...
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04.06.26 - 17:12
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Petco Drops on Adjusted Ebitda; Five Below Slides on Growth Concerns | Stock Movers (Bloomberg)
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On this episode of Stock Movers with Alexis Christoforous:
- Petco (WOOF) shares tumble after the pet health and wellness company's adjusted Ebitda forecast for the second quarter came in below the average analyst estimate.
- Five Below (FIVE) shares are down after the retailer reported results, and while the quarter was a “standout,” the growth rate might be peaking, according to Jefferies. Citi said the unchanged 2H26 guidance feeds into the bear case that comps will slow over next year.
- PVH (PVH) shares tumble after reaffirmed adjusted earnings-per-share guidance from the owner of the Calvin Klein and Tommy Hilfiger brands missed consensus estimates. Analysts note sustained pressures from the Middle East conflict. (Source: Bloomberg)...
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