American fashion powerhouse PVH Corp. reported robust second-quarter results on Wednesday, surpassing analysts’ expectations and raising its full-year earnings forecast..
**Second-Quarter Highlights:**.
* Net sales climbed by 3.6% to $2.25 billion, exceeding market estimates of $2.21 billion..
* Diluted earnings per share (EPS) came in at $2.28, well above the consensus of $2.10..
* Tommy Hilfiger and Calvin Klein, the company’s two flagship brands, played a pivotal role in driving the growth, offsetting declining sales in the Heritage Brands division..
**Upbeat Guidance:**.
Encouraged by the positive second-quarter performance, PVH revised its full-year outlook upward. The company now anticipates:.
* Net sales between $9.44 billion and $9.54 billion, up from the previous guidance of $9.31 to $9.46 billion..
* Diluted EPS to range from $11.05 to $11.25, an increase from the earlier forecast of $10.80 to $11.10..
**Executive Commentary:**.
Stefan Larsson, PVH’s CEO, attributed the strong results to the company’s strategic initiatives, including its focus on digitalization and enhancing its product offerings. He commented:.
