World's largest apparel companies Phillips-Van Heusen Corporation reported 2005 third quarter GAAP net income of $40.3 million, or $0.73 per share, which compares with the prior year's third quarter GAAP net income of $26.7 million, or $0.52 per share.
The current quarter's net income per share was $0.03 ahead of the First Call consensus estimate and was an improvement of 40 percent over last year. Third quarter 2004 net income, exclusive of restructuring and other items, was $30.6 million, or $0.59 per share.
New York based Phillips-Van Heusen Corporation owns and markets the Calvin Klein brand worldwide. It is the world's largest shirt company and markets a variety of goods under its own brands, Van Heusen, Calvin Klein, IZOD, Arrow, Bassand G.H. Bass & Co, and its licensed brands Geoffrey Beene, Kenneth Cole New York, Kenneth Cole Reaction, BCBG Max Azria, BCBG Attitude, MICHAEL Michael Kors, Sean Jean, Donald J. Trump Signature Collection and Chaps.