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NEW YORK, United States — PVH Corp., owner of the Calvin Klein and Van Heusen clothing brands, rose in late trading after posting second-quarter profit that topped analysts' estimates, helped by rising sales of Tommy Hilfiger apparel.
The shares climbed 8 percent to $126.49 yesterday in extended trading. The stock had slid 14 percent this year through yesterday’s regular close in New York.
Profit excluding some items was $1.51 a share in the quarter through Aug. 3, the New York-based company said yesterday in a statement. Analysts estimated $1.43, on average.
Sales at the Tommy Hilfiger unit rose 8.9 percent to $870.4 million in the quarter, PVH said. Total revenue climbed 0.5 percent to $1.98 billion, almost matching analysts’ $1.99 billion average projection.
By Kevin Orland; editors: Nick Turner, James Callan, Stephen West.
