Phillips-Van Heusen Corp. on Monday said it swung to a fourth-quarter profit compared with a year-ago loss.
For the three months ended Jan. 31, the company earned $27 million, or 51 cents a diluted share, against a loss of $37.9 million, or 74 cents, in the year-ago quarter. Excluding adjustments, such as restructuring costs, the profit more than doubled to $32.5 million, or 61 cents a diluted share, from $15.7 million, or 30 cents, a year ago. On an adjusted basis, the consensus among analysts was for earnings per share of 59 cents.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"