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PVH Quarterly Sales Beat Estimates on Tommy Hilfiger Boost

Shares of the company were up 7 percent after the bell.

Gigi Hadid's fourth collection for Tommy Hilfiger | Source: Tommy Hilfiger

Reuters

27 March 2019

NEW YORK, United States — Apparel maker PVH Corp on Wednesday reported better-than-expected quarterly sales boosted by an increased demand for its Tommy Hilfiger brand, sending its shares up about 7 percent after the bell.

Net income attributable to the company rose to $158.7 million (£120 million), or $2.09 per share, in the fourth quarter ended February 3, from $108.5 million, or $1.39 per share, a year earlier.

Net revenue fell 0.6 percent to $2.48 billion. Analysts on average had expected sales of $2.41 billion, according to IBES data from Refinitiv.

By Soundarya J. in Bengaluru; editor: Shailesh Kuber

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