Key facts
- PVH Corp. has issued a sales warning.
- The company cited the ongoing Iran war as a potential factor.
- Weaker retail demand in Europe was also mentioned.
- PVH reduced its full-year revenue projection.
PVH Corp., the parent company behind brands like Tommy Hilfiger and Calvin Klein, has issued a warning regarding its future sales performance. The company indicated that the ongoing conflict in Iran, alongside broader challenges and a softening retail market in Europe, could lead to a reduction in its full-year revenue. Consequently, PVH has revised its revenue projection downwards, reflecting these concerns about the economic climate and geopolitical instability.