PVH stock jumped almost 5 percent in after-hours trading to $117 after the apparel-maker reported that its second-quarter earnings came in at $1.37 a share, better than its guided range of $1.25 to $1.30 and beating the FactSet estimate of $1.29.

Like other retailers, PVH was impacted by shipments that got pushed into the second quarter and a reduction of tourist shopping in North America. Currency issued due to the strong U.S. dollar also hurt the company.

PVH raised its full-year guidance to $6.90 to $7.00, up from the previously forecasted range of $6.85 to $6.95. Third-quarter earnings are now projected to be in a range of $2.45 to $2.50, which reflects a 40 cent negative hit due to currency issues.

Sales for the second quarter were $1.86 billion, better than the FactSet estimate of $1.82 billion. However, it was less than last year’s $1.9 billion for the same period. Revenues in the Tommy Hilfiger business increased 5 percent and Calvin Klein increased 3 percent, while Heritage Brands dropped 6 percent.

Chief executive officer Emanuel Chirico said, “We are very pleased with our second-quarter results, which exceeded our top and bottom line guidance. Our second-quarter performance highlighted continued strength in our Calvin Klein business, as consumers responded well to our recent product initiatives, particularly in underwear.”

Chirico also stated he believes the dollar will remain strong and will continue to affect consumer spending patterns for international tourists in the U.S. The company did see an increase in spending in Europe, which offset the weakness of tourist spending in the U.S. PVH expects the strong dollar will negatively impact full year earnings by $1.20. It also forecast that its Russia businesses will be hurt by 10 cents per share due to political and economic instability in the region.

PVH’s earnings conference call is scheduled for Thursday morning.

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