"Disappointing Update": Calvin Klein Owner PVH Crashes Most Since 1987 After Dismal Outlook

"Disappointing Update": Calvin Klein Owner PVH Crashes Most Since 1987 After Dismal Outlook The apparel company behind Calvin Klein and Tommy Hilfiger was hammered in early U.S. cash trading, falling as much as 30%, its steepest intraday crash since 1987. Analysts were spooked by sustained pressure across the Europe, Middle East, and Africa region, where the prolonged U.S.-Iran conflict and softer consumer demand are now weighing on its revenue outlook. PVH reaffirmed its full-y...

By Tyler Durden