Growth for Calvin Klein and the company's wholesale and retail business drove up third-quarter revenues at Phillips-Van Heusen Corporation, raising full-year expectations.

Net income for the period was US$60.9m, ahead of expectations and well up on 2006's figure of $50.8m. Revenues were up 23% to $696.4m.

Phillips-Van Heusen said the improvement had been driven by a 29% rise in operating earnings at the Calvin Klein licensing business, while the company's combined wholesale and retail businesses saw earnings rise 16%.

Fragrances, jeans and underwear were key drivers for Calvin Klein, while the wholesale/retail performance was boosted by the new PVH Neckwear Group and Izod women's sportswear businesses.

The results lifted net income for the first nine months of the year to $153m, up 23%, while revenues hit $1.84bn, compared to $1.53bn in 2006.

"Our revenue and earnings were also positively impacted by strong performances in our dress shirt and newly-acquired neckwear business, which continues to exceed our expectations," said chairman and CEO Emanuel Chirico.

"Just as important, we were aggressive in driving promotional selling in our heritage brand sportswear and outlet retail businesses in order to keep inventories clean heading into the fourth quarter and next year."

Phillips-Van Heusen raised its 2007 earnings per share estimate from $3.15-3.17 to $3.16-3.18.