By  on May 13, 2008

Despite first-quarter earnings cut in half by restructuring costs and exits from the swim business, Warnaco Group Inc. raised its guidance for the year, based on substantial international growth in its Calvin Klein business.

Warnaco revised its 2008 guidance, expecting revenues to grow 10 percent to 12 percent and diluted earnings per share growth of $2.65 to $2.75.

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