PVH (NYSE:PVH) saw its shares rise more than 1% intra-day today as the parent company of fashion brands Tommy Hilfiger and Calvin Klein surpassed Q2 expectations.
The company revealed adjusted earnings per share of $1.98, accompanied by revenue of $2.21 billion. Analysts had predicted adjusted earnings of $1.76 per share on revenue of $2.19 billion.
PVH projected that its third-quarter earnings per share would be around $2.70, with revenue expected to grow in the middle-single digits compared to the same period last year.
For the full year, the company forecasts adjusted earnings per share of $10.35, with revenue expected to rise between 3% and 4%.