PVH Cuts Sales Forecast Amid Iran Conflict

PVH Corp. has lowered its sales outlook for the current year, citing the impact of the ongoing conflict in Iran. The apparel company, known for brands such as Calvin Klein and Tommy Hilfiger, announced the revision during a press briefing in New York. PVH said the war has disrupted supply chains and reduced consumer demand in the region.

The company’s revised forecast reflects a decline in revenue projections, though it did not disclose specific figures. PVH’s statement highlighted that the instability in Iran has led to higher logistics costs and limited access to key markets.

PVH’s decision comes as the company continues to navigate challenges posed by geopolitical tensions in the Middle East, which have affected many multinational firms operating in the area.