Pvh corp qtrly gaap loss per share $15.37

Pvh corp reports 2020 first quarter results and provides business update relating to covid-19 pandemic.q1 non-gaap loss per share $3.03.q1 gaap loss per share $15.37.q1 revenue $1.344 billion versus refinitiv ibes estimate of $1.36 billion.q1 earnings per share estimate $-1.60 -- refinitiv ibes data.quarter included $962 million of pre-tax noncash impairment charges, primarily related to goodwill.pandemic will continue to have a significant impact on q2 and 2020 results.expects that its revenue decline in q2 will be more pronounced than in q1.qtrly digital commerce businesses increased 47% globally.q1 results impacted significantly by the pandemic.have been able to reopen majority of our stores in all regions over the last month.by mid-june, over 85% of company's stores globally are expected to be reopened.sales for reopened stores for q2-to-date are running down approximately 25% globally.ended quarter with cash of about $800 million, about $1 billion of available borrowings.39% decrease in tommy hilfiger business revenue in quarter.46% decrease in calvin klein business revenue in quarter.pandemic has impacted some of the company’s suppliers.continues to monitor for any potential delays or disruptions of its supply chain.
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