PVH Corp. (PVH) reported upbeat second-quarter results and raised its full-year outlook on Wednesday, as strong demand for its Calvin Klein and Tommy Hilfiger brands helped offset macroeconomic headwinds.
**Key Financial Highlights**
* Net sales increased by 3% to $2.24 billion, surpassing analysts’ estimates of $2.21 billion.
* Diluted EPS reached $1.81, exceeding market expectations of $1.72.
* Adjusted EPS was $2.03, beating the consensus estimate of $1.98.
**Brand Performance**
* Calvin Klein’s net sales grew by 7% to $985 million, driven by strength in North America and Europe.
* Tommy Hilfiger’s net sales rose by 2% to $1.04 billion, supported by growth in the Americas and Asia.
* Heritage Brands (including Van Heusen, Izod, and Speedo) experienced a 6% decline in net sales to $209 million.
**Regional Performance**
* North America remained the largest market, accounting for 60% of total sales.
* Europe contributed 24% of sales, with growth driven by the United Kingdom and Germany.
* Asia-Pacific accounted for 16% of sales, with strong performance in China and Japan.
**Outlook**
PVH raised its full-year earnings guidance, now expecting adjusted EPS in the range of $9.90 to $10.10. The previous guidance was $9.60 to $9.90.
Stefan Larsson, PVH’s CEO, said: .
