PVH Corp., the owner of Tommy Hilfiger and Calvin Klein, saw its shares plummet after giving a sales guidance for the year that fell short of expectations. The company expects revenue to decrease by 6% to 7% this year, citing a difficult macroeconomic backdrop, particularly in Europe. PVH has been working on a transformation plan to strengthen its brands, but revenue growth has not held up in some regions. Analysts suggest that Calvin Klein may have reached a revenue peak and could benefit from a greater focus on profits. [Extracted from the article]

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