Apparel group Phillips-Van Heusen Corp has reported a jump in second-quarter earnings on good sales of men's sportswear and smart shirts.

The company said that quarterly earnings rose to $23.5 million from $13.0m in the same period last year, while net income after preferred dividends on convertible stock and costs from a stock offering dropped to $6.1m from $7.7m a year ago.

Second-quarter net revenue rose to $443.5m from $375.9m last year.
The company said it had enjoyed a 13 per cent growth in licensing revenues from the Calvin Klein business, and that it had also benefited from the rollout of Calvin Klein outlet stores.

The company has upped its forecast for 2005 to earnings per share of between $1.75 and $1.80 and revenue of $1.88 billion-$1.9bn, compared to a previous prediction of earnings per share of $1.70 to $1.75 and revenue of $1.81bn-$1.83bn.

Mark Weber, chief executive, said: "Our 2005 revenue and earnings projection continues to be based on a conservative view of the fourth quarter, and if the current trends in our business were to continue, we believe we would exceed these estimates for the year".

Phillips-Van Heusen's brands include Van Heusen, Bass, Calvin Klein, and IZOD. The company also licenses names such as DKNY, Geoffrey Beene, and Kenneth Cole.