Phillips-Van Heusen Corporation has increased its earnings and revenue guidance following better than expected trading in the fourth quarter.

The US apparel group now expects fourth quarter underlying earnings per share of US$0.52-0.54, up from its previous guidance of $0.38-0.42.

Fourth quarter revenue is now projected at $603-608m, up 7-8% on last year, and reflective of the company's "strong performance" during the holiday season.

PVH's outlet retail divisions are trading significantly better than expected, with estimated fourth quarter comparable store sales up 8%, versus a previously projected rise of 2-3%.

In addition, the global growth momentum of the Calvin Klein brand had continued, with royalty revenue expected to be up at least 10% in the fourth quarter.

PVH estimated full-year underlying earnings per share at $2.73-2.75, compared to prior projections of $2.59-2.63. Full-year sales are expected to reach $2.39bn.