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Calvin Klein Pushed PVH Corp. to Beat Q2 Estimate

PVH Corp. reported better-than-expected second-quarter earnings of $102.2 million on Wednesday as consumers responded favorably to Calvin Klein’s #mycalvins underwear campaign as well as its relaunched selection of men’s basics, despite a drop-off in tourist traffic at the brand’s U.S. stores.

The New York-based company, which also owns the Van Heusen and Izod brands, said that while overall sales for the quarter ended Aug. 2 were $1.86 billion—down from $1.9 billion for the same period a year ago—revenues climbed 3 percent in the Calvin Klein business and 5 percent at Tommy Hilfiger.

Read more at Sourcing Journal.