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Apparel Company PVH Set to Post Third Quarter Results Wednesday

June 17, 2023
in Trade Tube
Reading Time: 1 min read
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TheStreet’s Jim Cramer is keeping an eye on PVH (PVH) on Wednesday when the apparel company releases third quarter fiscal 2015 results after the market closes. Analysts polled by Thomson Reuters are expecting PVH to post earnings of $2.47 a share on $2.16 billion in revenue for the quarter. Cramer says, ‘We have been just possessed about the idea that the department stores have not been doing well. Well, the guy that supplies so much of the apparel to department stores is PVH, they have a hammerlock on ties and shirts so we’ve got to find out about that. We also want to find out whether the jean season is good, that’s Calvin Klein. So I’m watching PVH. The stock is way down, yet the last quarter was good. Can it repeat? We’ve got to listen.’ Shares of PVH are down 28 percent year-to-date. PHV owns brands such as Calvin Klein, Tommy Hilfiger and IZOD.

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