PVH jumps after beating expectations on top and bottom line

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PVH jumps after beating expectations on top and bottom line
Credit: © Reuters.

Investing.com -- PVH Corp (NYSE: PVH ) shares were rising after the parent of fashion brands Tommy Hilfiger and Calvin Klein beat expectations for the second quarter.

The company reported adjusted earnings per share of $1.98 on revenue of $2.21 billion. Analysts expected adjusted earnings of $1.76 a share on revenue of $2.19B.

Shares were up 1.1% in after hours trading. They are up 14% so far this year.

CEO Stefan Larsson said, “As we lean into the five key growth drivers of the PVH+ Plan, we’re continuing to gain traction by connecting our consumer-facing execution with an increasingly demand-driven operating engine to fuel long-term profitable growth.”

PVH said third quarter earnings per share are expected to be around $2.70 and revenue is expected to rise in the middle-single digits from the same time last year.

For the full year, the company sees adjusted earnings per share of $10.35 and revenue rising 3% to 4%.

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