Overseas sales strengthen Tommy

Hogsett, Don
June 2004
Home Textiles Today;6/14/2004, Vol. 25 Issue 40, p28
Trade Publication
Helped by stronger sales in Europe, which offset declines in the U.S., and getting a further lift from currency conversion, first quarter earnings before onetime items at Tommy Hilfiger Corp. jumped 29.7 percent, to $36.7 from $28.3 million. Nicked by $14.6 million in pre-tax costs tied to store closings and other cost-cutting moves, net income totaled $26.9 million, recovering from a year-before loss of $113.8 million, including a non-cash charge of $150.6 million for goodwill impairment.


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