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Thursday, May 2, 2024

Phillips-Van Heusen Beats, Guides Higher

Courtesy of Benzinga

Shares of Phillips-Van Heusen (NYSE: PVH) are rising in the after-hours trade following the release of its Q1 earnings results. Currently, shares are higher by 0.86%, trading at $66.54; they closed the regular session lower by 0.92%, at $65.97.

Phillips-Van Heusen reported Q1 EPS of $1.23 on revenues of $1.37 billion; the Street was looking for $1.16 per share on revenues of $1.34 billion.

The company also issued upside guidance for Q2; it now sees Q2 EPS of $0.93-0.95 on revenues of $1.27-1.29 billion. The Street was looking for $0.91 per share on revenues of $1.19 billion.

Phillips-Van Heusen Corporation is an apparel company. The Company’s portfolio of brands includes its owned brands, Calvin Klein Collection, ck Calvin Klein, Calvin Klein, Van Heusen, IZOD, ARROW, G.H. Bass & Co., Bass and Eagle, and its licensed brands

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