PVH Corp.’s second quarter revenue increased 46 percent to $2.313 billion or 40 percent on a constant-currency basis, compared to the previous year.
Commenting on the company’s performance, Stefan Larsson, the company’s chief executive officer, said: “We delivered another quarter of high-quality growth and strong performance above our guidance. This was due to the execution of our strategic priorities. It was led by Calvin Klein, Tommy Hilfiger, and our international markets. They were focused on product strength, winning in the market, and super-charged with e-commerce.
Review of PVH’s Q2 performance Non-GAAP earnings per share were 2.72 dollars, compared to 13cents in the previous year period.
Earnings before interest and taxes on a GAAP basis were 279 million dollars compared to a loss before interest and taxes of 2 million dollars in the prior year period. The non-GAAP earnings before interest and taxes increased to 294 millions dollars, compared with 49 million dollars in prior year. PVH expects full year revenues to increase by 26 to 28 percent.
