**PVH Reports Solid Second-Quarter Sales, Raises Full-Year Earnings Forecast**.
PVH Corp., the parent company of such brands as Calvin Klein, Tommy Hilfiger, and Van Heusen, reported better-than-expected second-quarter sales on Wednesday, driven by strong demand for its products in both North America and international markets..
**Key Highlights:**.
* Net sales increased by 6% to $2.3 billion, surpassing analyst estimates of $2.28 billion..
* Diluted earnings per share (EPS) came in at $2.46, exceeding the consensus estimate of $2.38..
* Comparable sales increased by 4% globally..
* The company raised its full-year earnings forecast, now expecting adjusted EPS in the range of $10.15 to $10.35, compared to its previous guidance of $9.90 to $10.10..
**Segment Performance:**.
* **Calvin Klein:** Sales rose by 7% to $884 million, boosted by growth in both its sportswear and denim categories..
* **Tommy Hilfiger:** Sales increased by 3% to $1.05 billion, driven by strong demand for its apparel and accessories in both North America and international markets..
* **Heritage Brands:** Sales grew by 5% to $398 million, led by Van Heusen dress shirts and IZOD golf apparel..
**Regional Performance:**.
* **North America:** Sales increased by 6% to $1.5 billion, driven by strength in all three brand segments..
* **Europe:** Sales grew by 5% to $542 million, despite the impact of currency headwinds..
* **Asia:** Sales rose by 9% to $249 million, with strong growth in China and other key markets..
**Outlook:**.
PVH raised its full-year earnings forecast based on the strong second-quarter results and continued momentum in its business. The company expects ongoing consumer demand for its brands, particularly in North America and international markets..
**Management Commentary:**.
