Phillips-Van Heusen Corp, the parent of GH Bass, reaffirmed its profit outlook for the second quarter and year but said it could beat that forecast if current business trends continue.
Last month, the company, which owns and markets brands such as Calvin Klein and Tommy Hilfiger, said it expected second-quarter earnings of 50 cents to 52 cents per share, excluding some items, and full-year earnings of $3.55 to $3.65 per share on revenues of $4.35 billion to $4.4 billion.
Phillips-Van Heusen said it was assuming that comparable-store sales in its U.S. outlet business will continue to rise by 12%.
Other PVH brands include Izod, Calvin Klein, Arrow and Van Heusen.
