PVH sales drop by 33 percent, expects 25 percent decline in H2 revenues

For the second quarter, PVH Corp said that the results exceeded the company’s expectations despite continued disruption from the Covid-19 pandemic with revenue decrease of 33 percent to 1.581 billion dollars compared to the prior year period. The company’s revenue through its digital channels grew over 50 percent, with sales through its directly operated digital commerce businesses up 87 percent compared to the prior year period. The company anticipates its second half revenue to decline approximately 25 percent.