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.
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?"