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US Apparel Giant PVH Increases Profit Forecasts For The Third Quarter And Full Year
The world's largest
clothing
Manufacture
PVH Corp (NYSE:PVH) raised its full year earnings forecast on Tuesday, mainly based on the strong performance of its Tommy Hilfiger brand and the Calvin Klein clothing series.
The company raised its earnings per share forecast from the previous US $6.25-6.32 to US $6.32-6.37, which is higher than the average expected $6.30 of analysts surveyed by Thomson Reuters, excluding the expenditure related to the integration of Tommy Hilfiger brand.
For the third quarter ended October, PVH expects earnings per share of 2.28-2.30 dollars, higher than analysts' average expected $2.25.
PVH's brand includes IZOD,
Van Heusen
, Bass, Jimlar, Calvin Klein and Tommy Hilfiger.
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