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PVH lowers sales forecast

Aug. 29, 2019 8:07 AM ETPVH Corp. (PVH) StockPVHBy: Clark Schultz, SA News Editor
  • PVH (NYSE:PVH) lowers its full-year revenue forecast significantly (+1% vs. +3% prior) as it cites pressure from the Hong Kong protests and the U.S.-China trade war.
  • PVH management says the two factors led to a more promotional environment in China.
  • PVH is managing a 0.65% gain in premarket trading with some analysts calling the company's guidance conservative. They note the upside potential if a trade deal between the U.S. and China is hammered out.

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