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By
Reuters
Published
Jul 1, 2010
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Phillips-Van Heusen says may beat profit forecast

By
Reuters
Published
Jul 1, 2010

NEW YORK, June 30 (Reuters) - Apparel maker Phillips-Van Heusen Corp (PVH.N) reaffirmed its profit outlook for the second quarter and year but said it could beat that forecast if current business trends continue, and its shares rose 2 percent.

phillips van heusen
www.pvh.com


Last month, the company, which owns and markets brands such as Calvin Klein and Tommy Hilfiger, said it expected second-quarter earnings of 50 cents to 52 cents per share, excluding some items, and full-year earnings of $3.55 to $3.65 per share on revenues of $4.35 billion to $4.4 billion.

Phillips-Van Heusen said it was assuming that comparable-store sales in its U.S. outlet business will continue to rise by 12 percent.

The company's shares were up 90 cents, or 2 percent, to $46.65 in morning trading on the New York Stock Exchange. (Reporting by Phil Wahba; editing by John Wallace)

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