How Investors Reacted to PVH’s Q1 Results
Investors were pleased with PVH’s (PVH) first-quarter results, reported after the market closed on May 30. Its stock price surged ~3% on May 31. Guess (GES) and Michael Kors (KORS), which also reported their quarterly earnings on May 30, saw their stock fall 11% and 19%, respectively. Interestingly, both companies beat top- and bottom-line expectations.