PVH Corp, the owner of brands such as Calvin Klein and Tommy Hilfiger, reported better-than-expected second-quarter sales on Wednesday and raised its full-year earnings forecast, citing strong demand for its products, particularly in North America.
The company said its net sales rose 10% to $2.31 billion in the quarter ended July 2, from $2.1 billion a year earlier. Analysts on average had expected sales of $2.23 billion, according to Refinitiv IBES data.
PVH’s net income fell to $169.3 million, or $2.39 per share, from $181.9 million, or $2.53 per share, a year earlier. Excluding items, it earned $2.75 per share, surpassing estimates of $2.59.
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