PVH Corp
PVH: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| v@Q | LOCK|%% | LOCK|vQp?%? |
PVH Earnings: PVH+ Progress Obscured by Marketing and Soft Consumer Spending; Shares Attractive
PVH's second-quarter sales fell 3% on flat Tommy Hilfiger sales (54% of total) and a 7% Calvin Klein sales decline (44%). Including a 510-basis-point tariff refund benefit that was partially offset by increased marketing spending, PVH's adjusted operating margin rose 290 basis points to 11.1%.
