VIDEO: PVH Reports 31% Profit Growth

PVH Corp. (NYSE: PVH), formerly the Philips-Van Heusen Corp., reported its second quarter earnings Monday after the bell. The apparel company saw a 31% increase in profits reaching $87.7 million. Excluding certain items, the PVH’s EPS was $1.25, beating analysts estimates of $1.20. Revenue for the quarter was $1.34 billion, in line with analysts’ estimates. The company attributes its strong profits to its Tommy Hilfiger brand, which saw excellent growth through tight profit margins and high revenue. PVH stock is currently up over 5% to just over $93.

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