USA: Hilfiger Swings To Profit in Quarter
Continuing to refocus its businesses, Tommy Hilfiger Corp swung back into the black, reversing a net loss a year earlier when the fashion company had a big restructuring charge. For the fiscal fourth quarter ended March 31, Hilfiger, New York, posted net income of $33.6m (39.1m euros), or 37 cents a diluted share, compared with a net loss of $1.5m, or two cents, a year earlier. For the year-earlier period, excluding special items, Hilfiger earned $34.8m, or 37 cents a share.
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