Sales for PVHBA, the licensing and distribution company for Calvin Klein and Tommy Hilfiger, increased by 22% to $144.7 million according to financial reports from Gazal.
The report also announced an after tax profit increase by 47% up to $13.9 million based on a sales mix improvement from accelerated retail growth and overall costs being contained.
The report attributes the sales and profit growth to the continuing development of new product categories across Calvin Klein and Tommy Hilfiger.
The group stated that retail sales would be likely to increase as it offered a continued expansion of categories, new store openings and the expansion of existing stores.
“In line with the trends seen in the last seven months, the sales momentum of PVHBA has been maintained in February and March.
“Subject to no adverse developments, the directors consider that it is likely to continue for the period.
“The directors are anticipating only modest like-for-like growth in the wholesale channel.”
The licensing and distribution agreements owned by PVH cover Calvin Klein for 20 years and Tommy Hilfiger for 12 years.