Bad Bunny & Calvin Klein: Tariffs Impact Profits
News Context
At a glance
- PVH Corp., the parent company of fashion brands Calvin Klein and Tommy Hilfiger, saw its shares decline in after-hours trading Wednesday.
- The company will continue to monitor the effects of tariffs on its supply chain and adjust its strategies accordingly to mitigate further financial impact.
PVH Corp. Cuts profit Outlook Amid Tariff Concerns
PVH Corp., the parent company of fashion brands Calvin Klein and Tommy Hilfiger, saw its shares decline in after-hours trading Wednesday. This followed the company’s proclamation that it was lowering its full-year profit outlook. The revision is primarily due to the impact of tariffs on shipments entering the United States.
What’s next
The company will continue to monitor the effects of tariffs on its supply chain and adjust its strategies accordingly to mitigate further financial impact. Investors will be watching closely to see how PVH Corp. navigates these challenges in the coming quarters.