PVH’s Calvin Klein and Tommy Hilfiger report good performance despite Europe weakness
American apparel group PVH Corp, owner of Calvin Klein and Tommy Hilfiger reported fiscal first-quarter profit to 29 April has increase 61 percent to $1.43 billion from $1.37 billion on stronger sales and royalty revenue. Analysts expected revenue of $1.39 billion. Revenue from the Calvin Klein business increased 7 percent to $262.1 million, despite weakness in Europe. Revenue from Tommy Hilfiger rose 8 percent to $770.4 million on higher prices and stronger sales in U.S. and European stores.