By  on November 27, 2012

NEW YORK — PVH Corp. late Tuesday delivered better-than-expected third-quarter earnings as Calvin Klein, Heritage Brands and especially Tommy Hilfiger generated increases in profitability.

In the three months ended Oct. 28, the New York-based apparel giant produced net income of $165.4 million, or $2.24 a diluted share, 47.4 percent above the $112.2 million, or $1.54, reported in the third quarter of 2011. On an adjusted basis, eliminating items such as $6.4 million spent on its pending acquisition of Warnaco Group Inc. for $2.9 billion. Earnings per share were $2.34, 4 cents above the consensus estimate of analysts.

To continue reading this article...

To Read the Full Article

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus