×
143
Fashion Jobs
SAROJ JALAN
Marketing Strategist
Permanent · KOLKATA
ADD UR CO LLP
Production Manager
Permanent · Chennai
THE GLOBAL ZONE HR SERVICES
Production Manager/ Supervisor/ Incharge
Permanent · Pune
PUMA
Manager - Digital Marketing
Permanent · Bengaluru
THE BANYAN HR CONSULTS
Brand Manager For Leading Women's Wear Garments CO at Coimbatore
Permanent · Coimbatore
LEVI'S
Manager, Retail Merchandising (Ebo)
Permanent · Bengaluru
GLAN MANAGEMENT CONSULTANCY
Senior Buyer Lingerie (Knits Western Wear) - Retail Brand
Permanent · GURUGRAM
JOB INDIA
Asst. Manager E-Com Operations (Garments Retail) Gurgaon
Permanent · Faridabad
VASTRAKALA EXPORTS
Quality Manager
Permanent · CHENNAI
PEOPLE ALLIANCE WORKFORCE PRIVATE LIMITED
Manager / in Charge - Production/Quality/Cutting - Garments Industry
Permanent · Bhiwandi
MINT AND MILK COMMUNICATIONS
Senior Account Executive
Permanent · MUMBAI
PUMA
Manager- Buying (Apparel)
Permanent · Bengaluru
PUMA
Manager- Business Intelligence
Permanent · Bengaluru
PUMA
Manager- Trade Compliance
Permanent · Bengaluru
PUMA
Manager- Supply Planning
Permanent · Bengaluru
PUMA
Senior Manager - Performance Marketing- Marketplac…
Permanent · Bengaluru
PUMA
Regional Sales Manager- Mbo (South)
Permanent · Bengaluru
PUMA
Manager- Returns And Spf Operations
Permanent · Bengaluru
PUMA
Manager Merchandising
Permanent · Bengaluru
PUMA
Project Manager- Operations
Permanent · Bengaluru
PUMA
Manager- Logistics Operations
Permanent · Bengaluru
PUMA
Warehouse Manager-D2C
Permanent · Bengaluru
Published
Sep 4, 2014
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

PVH: 85% increase in earnings before interest and taxes

Published
Sep 4, 2014

PVH is continuing to grow. Despite a difficult global economic environment, the American parent company of Calvin Klein and Tommy Hilfiger saw its turnover reach 1.518 billion euros (1.977 billion dollars) in its second quarter ending on August 3. Revenues increased by 4% compared to the same period last year.

Tommy Hilfiger supported PVH’s growth. Image Tommy Hilfiger.


Calvin Klein saw a 1% increase in its turnover to 518 million euros, with international sales down 4%, sales up 1% in North America (with an increase of 2% comparable basis) and a 6% rise in its licensing business.

Tommy Hilfiger’s turnover reached 668 million, up 9%. In North America, sales increase by 8%, driven by its wholesale sales (by 2% on a comparable basis).

Its international business grew by 9%, with sales rising by 3% on a comparable basis in Europe. The figures for the quarter also benefited from favorable exchange rates.

Finally, group’s Heritage division remained stable at 331 million euros. Its wholesale business was up 1% while stores sales were down 4% on a comparable basis.

Ultimately, the group posted a net profit before interest and tax (Ebit) of more than 122 million euros, up 85% from last year. According to the group, its improved profitability was due to a reduction in acquisition, integration and restructuring costs. These were particularly high last year following the acquisition of Warnaco.

PVH, which saw a net loss of 4 million euros last year in its second quarter, has posted a 97 million euro profit in 2014.

For the entire year, the group aims for an overall turnover of 6.45 billion euros, with a 3% gain for Calvin Klein, 7% for Tommy Hilfiger and 2% for its Heritage division.

Copyright © 2022 FashionNetwork.com All rights reserved.