Calvin Klein owner PVH beats Q2 revenue forecasts
PVH Corp, owner of Calvin Klein and Tommy Hilfiger, posted Q2 revenue of $2.17 billion, forecasting modest growth for fiscal 2025. PVH shares rose 4% after-hours and closed up 1.09% at $82.49. Revenue increased 3% in EMEA, 11% in Americas, while falling 1% in Asia-Pacific due to China challenges. Calvin Klein sales jumped 5%, driven by denim and underwear demand. The Cotton Stretch line, supported by a Bad Bunny campaign, recorded 14% global sales increase. Tommy Hilfiger revenue rose 4%, aided by its F1 film collaboration with Brad Pitt and Damson Idris.