Pvh q2 revenue drops 33% to $1.581 bln

. reports 2020 second quarter results and provides business update relating to covid-19 pandemic.q2 non-gaap earnings per share $0.13.q2 gaap loss per share $0.72.q2 revenue fell 33 percent to $1.581 billion.q2 revenue estimate $1.25 billion -- refinitiv ibes data.q2 earnings per share estimate $-2.43 -- refinitiv ibes data.anticipates its second half revenue and earnings will continue to be negatively impacted by covid-19 pandemic.expects revenue in second half to decline about 25% compared to prior year period.cannot provide more detailed guidance at this time.as we head into q3, trends in china and europe continue to be very encouraging.pvh - north america business continues to experience pressure due to resurgence of covid-19 cases, lack of international tourist traffic coming to u.s..ended quarter with cash on hand of about $1.4 billion, about $1.3 billion of available borrowings under its revolving credit facilities.as of end of fiscal 2020, co is projecting to carry about $125 million of basic inventory into spring 2021.
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