PVH Corp cut its full-year profit forecast for the second time this year on Wedn...
) cut its full-year profit forecast for the second time this year on Wednesday, as the Calvin Klein owner sees pressure from the protracted U.S-China trade tensions and the ongoing protests in Hong Kong.
The Trump administration on Wednesday made official its extra 5% tariff on $300 billion in Chinese imports and set collection dates of Sept. 1 and Dec. 15. PVH now expects full-year adjusted profit between $9.30 per share and $9.40 per share compared to prior estimate of $10.20 per share to $10.30 per share.
Despite the dull outlook, PVH reported better-than-expected quarterly sales boosted by higher demand for its Tommy Hilfiger apparels. Sales in the brand, its biggest revenue generator, rose 8% to $1.11 billion.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Chinese military runs intimidating simulation drills across from Hong KongAmid continued protests, the paramilitary wing of the Chinese military has been running daily simulation drills inside the sports stadium just across the Shenzhen Bay from Hong Kong.
Lire la suite »
Hong Kong leader meets with moderate protestersGovernment officials stuck to its plan to meet first with moderate young protesters before reaching out to more vocal and radical activists.
Lire la suite »
Chinese military runs intimidating simulation drills in Shenzhen, across from Hong KongIt was like any other Saturday evening on the promenade outside the large stadium in Shenzhen, a large Chinese city on the bay that forms the northwestern border of Hong Kong. 'Attention civilians, it is our responsibility to ensure social stability and to protect people's lives and property
Lire la suite »
Cathay Pacific’s fate rattles multinationals in Hong KongHong Kong remains a gateway to China’s gargantuan market. Few know this better than Cathay
Lire la suite »
Hong Kong leader says escalation of violence is becoming more seriousHong Kong leader Carrie Lam said on Tuesday the escalation of violence in anti-g...
Lire la suite »