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PVH Corp. Message Board

  • lnkd_150 lnkd_150 Mar 28, 2012 5:49 AM Flag

    PVH profit beats on strong Tommy Hilfiger sales

    Tue Mar 27, 2012 5:37pm EDT

    * Q4 EPS adj $1.18 vs est $1.10

    * Q4 rev rises 10 pct to $1.53 bln

    Revenue rose 10 percent to $1.53 billion, topping Wall Street estimates of $1.5 billion.

    The company saw a 16 percent increase in revenue at Tommy Hilfiger and a 12 percent rise at Calvin Klein in the fourth quarter.

    The company raised its full-year adjusted earnings forecast to $6.10-$6.20 a share from its previous outlook of $5.90-$6.00 a share, saying it expects gross margins to improve in the second half of the year.

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