The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
NEW YORK, United States — PVH Corp., owner of the Calvin Klein and Van Heusen clothing brands, rose in late trading after posting second-quarter profit that topped analysts' estimates, helped by rising sales of Tommy Hilfiger apparel.
The shares climbed 8 percent to $126.49 yesterday in extended trading. The stock had slid 14 percent this year through yesterday’s regular close in New York.
Profit excluding some items was $1.51 a share in the quarter through Aug. 3, the New York-based company said yesterday in a statement. Analysts estimated $1.43, on average.
Sales at the Tommy Hilfiger unit rose 8.9 percent to $870.4 million in the quarter, PVH said. Total revenue climbed 0.5 percent to $1.98 billion, almost matching analysts’ $1.99 billion average projection.
By Kevin Orland; editors: Nick Turner, James Callan, Stephen West.
From analysis of the global fashion and beauty industries to career and personal advice, BoF’s founder and CEO, Imran Amed, will be answering your questions on Sunday, February 18, 2024 during London Fashion Week.
The State of Fashion 2024 breaks down the 10 themes that will define the industry in the year ahead.
Imran Amed reviews the most important fashion stories of the year and shares his predictions on what this means for the industry in 2024.
After three days of inspiring talks, guests closed out BoF’s gathering for big thinkers with a black tie gala followed by an intimate performance from Rita Ora — guest starring Billy Porter.