PVH Corp, the owner of Calvin Klein and Tommy Hilfiger brands, reported earnings of $2.18 per share on revenue of $2.33 billion compared with $1.69 on revenue of $2.07 billion in the previous year’s first quarter. The New York-based company surpassed Wall Street estimates of $2.10 EPS on revenue of $2.29billion. Revenue for its Calvin Klein brand increased by 18 per cent to $ 925 million while Tommy Hilfiger revenue increased by 15 per cent to US$1billion.
The fashion retailer’s brand portfolio also includes Van Heusen, IZOD, ARROW and Warner’s as well as licensed brands such as Michael Kors, Kenneth Cole New York and DKNY. The IZOD brand of the company will expand to Europe this fall and be made available to customers in Spain, Germany, the Netherlands and Scandinavia.