PVH Corp. rode strong results at the Tommy Hilfiger brand to a second-quarter earnings “beat,” sending shares up more than 5 percent in after-hours trading.
The strength at Hilfiger included an 8.9 percent increase in revenues, to $870.4 million, driven by robust growth at wholesale, expansion of its retail footprint and increases in comparable-store sales in North America and abroad, resulting in an 18 percent increase in adjusted operating income. It helped offset declines in profits at the Calvin Klein unit, which continues to work through the integration of the jeans business previously operated by Warnaco, and at the Heritage Brands division, where comps declined 4 percent.
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)