Tommy Hilfiger parent beats expectations and lifts outlook

PVH Corp lifted its full-year outlook after both Calvin Klein and Tommy Hilfiger beat second-quarter growth expectations. Both wholesale and direct-to-consumer channels advanced.

“Geared up”

Revenue at PVH Corp rose 4% to 2.17 billion American dollar (some 1.99 billion euro) in the quarter that ended July 28, as Tommy Hilfiger revenue increased by 4% and Calvin Klein by 5%. Direct-to-consumer sales grew 4% across stores and e-commerce, whereas wholesale revenue even climbed 6%, underscoring broad-based demand.