This post was originally published on this sitehttps://i-invdn-com.akamaized.net/news/LYNXMPEA7H0NX_M.jpg
(Reuters) – PVH Corp (N:) said on Wednesday it had temporarily closed majority of its Calvin Klein and Tommy Hilfiger stores in China due to the coronavirus outbreak.
The company said it would have exceeded its fourth-quarter adjusted earnings forecast of at least $1.79 per share, if not for the epidemic, which has killed over 1,100 people.
About 7% of PVH’s revenue comes from Greater China, while the country accounts for about 20% of the company’ global sourcing.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.