Double-digit revenue and profit growth at its two designer divisions allowed PVH Corp. to overcome weakness in the Heritage Brands unit and post second-quarter profits comfortably ahead of Wall Street’s and its own expectations.
For the three months ended July 31, the company reported net income of $66.7 million, or 92 cents a share, versus a loss of $70.6 million, or $1.07 a share, in the second quarter of 2010, when it concluded its purchase of Tommy Hilfiger. Stripping out extraordinary items, including those related to the acquisition, earnings per share for the quarter were $1.07, 12 cents better than the guidance provided in June and subsequently adopted by analysts.
"I think that all anyone really wants in life is to have people understand us for who we actually are, despite everything," says Ruth Negga. The actress talks "Preachers" season 2 and more on WWD.com. #wwdeye (📷: Dan Doperalski)
"That's something that resonates with me too because I'm so locked into a number. If I go over that number it completely ruins my day so it's nice to get detached from the number on the scale." - Chelsea Handler on Kelly LeVeque's book "Body Love." #wwdeye (📷: John Salangsang)