Phillips-Van Heusen Corp. late Mondayreported fourth-quarter net earnings of $30.3 million, or 55 cents a share,above the 53-cent mean estimate of analysts polled by Thomson Financial. Net income in the year-earlier quarter was $26.8 million, or 47 cents ashare.
Revenue for the quarter ended Feb. 3 rose to $507 million from $487.6million a year earlier, versus the mean Street view of $587.5 million. Excluding the impact of the retail calendar shift and the extra week ofrevenue, revenue growth in the quarter would have been 20%, the New York-basedapparel and accessories company said. Phillips-Van Heusen expects first-quarter earnings per share of 86 cents to88 cents on revenue of around $615 million to $625 million.
The company sees a full-year per-share profit of $3.30 to $3.40 on revenueof about $2.6 billion. The mean analyst estimate is for first-quarter earnings 89 cents on revenueof $620.7 million and fiscal 2008 earnings of $3.47 on revenue of $2.43 billion.
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