USA: Phillips-Van Heusen Reaffirms Earnings Outlook
Phillips-Van Heusen Corp (NYSE:PVH), an apparel manufacturer best known for men's dress shirts, on Monday reaffirmed its earnings outlook for fiscal 2001. In a presentation to investors, chief financial officer Manny Chirico said the New York-based company, which makes dress shirts under brands including its namesake Van Heusen, DKNY, Geoffrey Beene, and Regis, said it expects 2001 earnings per share in the range of $1.24 to $1.28, which would represent growth of 14 to 17 per cent. Sales growth for fiscal 2001, which ends around the end of January 2002, is expected to be in a range of 4 to 6 per cent.
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