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

Pic: Shutterstock

Apparel/Garments | On 26th Oct 2020

25% Bangla garment manufacturing to be automated by 2023

A quarter of garment manufacturing activities in Bangladesh will be...

Pic: Shutterstock

Textiles | On 26th Oct 2020

BCI to cease all field-level activities in China's XUAR

Sustained allegations of forced labour and other human rights abuses...

Pic: Burberry

Information Technology | On 26th Oct 2020

Burberry launches gaming technology for fashion design

Burberry, and digital production agency, Koffeecup have joined hands...

Interviews View All

Nuno Venda, ROQ

Nuno Venda
ROQ

‘There has been an increase in demand for water based inks, rather than...

Amit Jain, Shingora Textiles Ltd

Amit Jain
Shingora Textiles Ltd

‘In terms of fabric, the fastest growing category for us is a blend of...

Sachin Sharma, Gem Enviro Management Pvt Ltd

Sachin Sharma
Gem Enviro Management Pvt Ltd

There are no significant differences between virgin yarn and PET recycled...

Abhishek Ralli,

Abhishek Ralli

Founded in 1962 in Agra, Guide Footwear manufactures men’s footwear for...

Ramez Basmaji,

Ramez Basmaji

Fabusse is a Lebanon-based fashion agency that offers a variety of...

Lucilla Booyzen,

Lucilla Booyzen

South African Fashion Week (SAFW) is a B2B marketing platform for fashion, ...

Michael Jaenecke, Messe Frankfurt

Michael Jaenecke
Messe Frankfurt

From May 14 to 17, international exhibitors will present the entire...

Larry L Kinn, Suominen Corporation

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Andreas Lukas, Andritz Nonwoven

Andreas Lukas
Andritz Nonwoven

With forces in engineering and process development, Andritz Nonwoven...

Yash P. Kotak, Bombay Hemp Company

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Anjali Bhaskar, Samatvam

Anjali Bhaskar
Samatvam

Anjali Bhaskar has an experience of 12 years in the fashion industry. She...

Sandeep and Sarah Shaikh Gonsalves, SS Homme

Sandeep and Sarah Shaikh Gonsalves
SS Homme

SS Homme celebrates the craft of traditional tailoring through the bespoke ...

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


October 2020

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


Advanced Search