Home / Knowledge / News / Fashion / Phillips-Van revenues go up 16% to $2,425.2 mn
Phillips-Van revenues go up 16% to $2,425.2 mn
25
Mar '08
Phillips-Van Heusen Corporation reported 2007 fourth quarter and full year results.

For the fourth quarter 2007:
• Earnings per share increased 17% to $0.55 from $0.47 in the prior year's fourth quarter.
• Net income was $30.3 million compared to $26.8 million in the prior year's fourth quarter.
• Revenue increased 5% to $584.5 million from $557.0 million in the prior year's fourth quarter. Notwithstanding this increase, revenue was negatively impacted by the retail calendar shift and the extra week of revenue (53rd week) in 2006. Excluding the impact of the shift and the extra week, revenue growth would have been 20%.

For the year 2007:
• Earnings per share was $3.21, an increase of 22% over the prior year's earnings per share of $2.64.
• Net income was $183.3 million compared to prior year net income of $155.2 million.
• Revenue increased 16% to $2,425.2 million from $2,090.6 million in the prior year.

Fourth Quarter Results:
The Calvin Klein licensing business continued to fuel both revenue and earnings growth in the fourth quarter. Total revenue growth in the Calvin Klein licensing business was 14% and operating earnings increased 37% as compared to the prior year. This performance was driven by continued strength across virtually all product categories, with fragrances, jeans and underwear performing exceptionally well.

The Calvin Klein MAN fragrance, launched in the third quarter of 2007, along with the men's and women's CKIN2U and euphoria fragrance lines, continued to perform well. In addition, jeans and underwear experienced significant international and domestic growth which, when combined with the success of other recently introduced product categories, further contributed to the revenue and earnings increase.


Must ReadView All

Courtesy: Asmara Group

Apparel/Garments | On 20th Sep 2018

Fragmented nature of Indian apparel sector major challenge

A major challenge for the Indian apparel sector is its fragmented...

Courtesy: Aditya Birla Retail

Apparel/Garments | On 20th Sep 2018

Indian Aditya Birla Retail to be acquired by Samara-Amazon

India’s Aditya Birla Group has signed a deal to sell Aditya Birla...

India's 2018-19 forward cotton export contract up by 100%

Textiles | On 20th Sep 2018

India's 2018-19 forward cotton export contract up by 100%

Rise in demand from China, lower domestic prices and depreciation of...

Interviews View All

Karel Williams, Dow Microbial Control

Karel Williams
Dow Microbial Control

'Silvadur is most rapidly adopted in areas where hygiene-conscious and...

Top executives, Retailers

Top executives
Retailers

Weak rupee breeds inflation

Sanjay Yagnik, Maa Tex Speciality

Sanjay Yagnik
Maa Tex Speciality

‘We suggest reducing dosage of sizing chemicals to reduce sludge...

Anupam Arya,

Anupam Arya

<div>Jaipur-based Fabriclore Retailing Pvt. Ltd. is attempting to revive...

Suresh P Bagrecha,

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

Sham Shah,

Sham Shah

Shamal and Shamal Pvt Ltd is into manufacturing and sales of textile...

Urs Stalder, Sanitized AG

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Mohammad Hassan, Biax Fiberfilm

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Justin Gutierrez, INDA

Justin Gutierrez
INDA

The Association of the Nonwoven Fabrics Industry (INDA) has created a new...

Bani Batra,

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Prathyusha Garimella, Prathyusha Garimella

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Anisha Chaudhari, Threads & Shirts

Anisha Chaudhari
Threads & Shirts

Threads &amp; Shirts is a freshly-tailored concept providing men/women a...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


September 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search