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.
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?"