Calvin Klein Parent Expects 2015 Earnings At Upper End Of Guidance
Shares of retailer PVH Corp. , which owns Calvin Klein, Tommy Hilfiger and other clothing lines, rose late Monday as the company said it expects adjusted, full year 2015 earnings in the upper end of its guidance, or around $7 a share. Strength in the Calvin Klein and Tommy Hilfiger global businesses offset a "difficult" retail environment in the U.S., which included unseasonably warm weather and fewer international tourist spending, the company said in a statement. Shares of PVH rose 5% in late trading Monday after ending the regular session down 0.3%.
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