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Calvin Klein Underwear Sales Strong In Q3


(Filed Under Financial and General Interest News). “As we look out, internationally, the biggest growth that we’ve seen with Calvin Klein brand has been in our women’s intimates business and our women’s jeans business,” declared PVH chairman and CEO Manny Chirico, describing one of the many factors that led to strong growth in sales and profits for the company in the third quarter.

Overall, the giant firm, representing a host of brands and apparel categories, reported net income of $238.7 million on sales of $ 2.220 billion for the three months ended October 29, 2017, compared to a profit of $126.1 million on sales of $ 2.123 billion in the same period last year.

Discussing the quarter during the conference call with stock analysts, Chirico added, “We’ve seen our Calvin Klein underwear business in all channels of business really accelerate through the month of November, and in particular that the Black Friday week through Cyber Monday, of course department store channel and distribution, we’ve had one of our strongest weeks on record with Calvin Klein underwear business.” ­— NM

The complete conference call can be found here: https://seekingalpha.com/article/4128782-pvhs-pvh-ceo-manny-chirico-q3-2017-results-earnings-call-transcript?page=1


more Financial and General Interest News >>

Published 12-29-2017 by Nick Monjo

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