Tommy Hilfiger parent posts mixed Q1 results
Phillips-Van Heusen Corporation (PVH) reported a 1.6% YoY increase in revenue for the first quarter of fiscal 2025, reaching $1.98 billion, though the company posted a net loss of $44.8 million. By brand, Tommy Hilfiger saw revenue grow 3.4% to $1.05 billion, while Calvin Klein held steady at $886 million. Revenue from other brands declined 4.6% to $49.4 million. Regionally, EMEA revenue rose 5% to $928 million, and the Americas grew 7% to $608 million. However, revenue from the Asia-Pacific region dropped 13% to $352 million, highlighting challenges in key luxury markets including China.