NEW YORK — Growth on both the top and bottom lines from Tommy Hilfiger allowed PVH Corp. to post second-quarter earnings 29.3 percent above year-ago levels and ahead of Wall Street’s expectations.
In the three months ended July 29, the New York-based apparel giant generated net income of $87.7 million, or $1.19 a diluted share, versus profits of $66.7 million, or 92 cents, in the 2011 quarter. Excluding special items, adjusted earnings per share was $1.25, 5 cents above both the analyst consensus estimate and the high end of PVH’s earlier guidance for EPS of $1.18 to $1.20.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)