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PVH Corp. Q2 Boosted by Denim Brands

PVH Corporation, owner of Tommy Hilfiger and Calvin Klein, announced strong second quarter findings on Wednesday and consequently raised their yearly projection.

Second quarter sales increased 4 percent to $1.93 billion compared to last year.

Calvin Klein and Tommy Hilfiger led the charge. In a statement, PVH Chairman and CEO Emanuel Chirico said the company experienced “strong momentum” in Calvin Klein’s and Tommy Hilfiger’s international businesses, and saw improvement across the brands’ North America wholesale businesses.

Calvin Klein’s revenue increase 12 percent to $726 million compared to the period one year ago. As for North America’s role in the growth, the region’s revenue increased 11 percent to $398 million, mostly driven by good performance across North America wholesale businesses.

Revenue for Tommy Hilfiger increased 6 percent to $860 million compared to Q2 2015. Tommy Hilfiger North America revenue increased 3 percent to $407 million­.

Chirico noted that both brands continue to be “pressured by weakness in traffic and consumer spending” at Tommy Hilfiger and Calvin Klein U.S. stores located in international tourist spots. However, the company’s remains hopeful for the rest of 2016 as it launches a promising campaign for the Tommy Hilfiger collaboration with supermodel Gigi Hadid, and sees the results of recent changes to the Calvin Klein creative team.