Key facts
- PVH shares fell after its adjusted earnings-per-share guidance missed consensus estimates.
- Analysts noted sustained pressures from the Middle East conflict impacting PVH.
- Petco shares tumbled after its adjusted EBITDA forecast missed analyst estimates.
- Five Below shares declined after reporting results, with concerns about peaking growth.
- PVH expects full-year revenue to remain flat.
- PVH is factoring in $100 million in tariff refunds.
PVH shares experienced a significant decline following the announcement that its reaffirmed adjusted earnings-per-share guidance failed to meet consensus estimates. Analysts pointed to ongoing pressures stemming from the conflict in the Middle East as a contributing factor to the company's performance. PVH anticipates earnings per share between $11.80 and $12.10, with full-year revenue remaining flat, factoring in the Middle East conflict and $100 million in tariff refunds. In separate market movements, Petco's stock tumbled after its second-quarter adjusted EBITDA forecast fell short of average analyst expectations. Additionally, Five Below saw its shares decrease after reporting results, with analysts from Jefferies suggesting that while the past quarter was strong, the company's growth rate might be reaching its peak. Citi analysts also commented that Five Below's unchanged guidance for the second half of fiscal year 2026 supports a bearish outlook, anticipating a slowdown in comparable store sales over the next year.