PVH, A Leading Producer Of Garments Industry, Has Gained 30.4% Year-Round Earnings.

　　 Ready-made clothes CalvinKlein and TommyHilfiger, the PVH company's leading company, gained 30.4% year-round profits.

Up to the end of January (2016), in the 12 months to the end of the year, even faced with the difficult overall economic environment and the extremely competitive us. retail market The net profit of PVH still surged from $439 million in the same period (2015) to $572 million this year.

The group's bright spot is its subsidiary CalvinKlein, whose investment in the past few years has continued to produce sound results, increasing sales from $2 billion 860 million a year ago to $2 billion 920 million this year. TommyHilfiger's sales grew by 5.8% to $3 billion 370 million, while HeritageBrands's sales fell by 3.9% to $1 billion 730 million. In terms of total revenue, it declined by 2.7% to $8 billion 20 million.

EmanuelChirico, executive director of PVH, said that although annual revenue has declined, profits and sales in various regions are higher than expected.

He added: "because of the weakness of the main currencies relative to the US dollar and the unpredictable and volatile global consumer market, the global retail industry is still in uncertainty. In our 2016 plan, we have adopted a prudent approach to this situation. Therefore, we believe that we can successfully break through this environmental dilemma and continue to play our strong platform and business model through the best team in the long term.

The company now estimates that under the basis of non GAAP (GAAP, generally accepted accounting plateau), earnings per share in 2016 will be between 6.3~6.5 US dollars, while expected revenue will increase by about 2% under the same monetary base.