Hilfiger’s Quarterly Profit Tumbles 25%

Tommy Hilfiger Corp., the designer known for its red, white and blue logo, said profit fell 25% to $34.8 million, or 37 cents a share, in the latest quarter as depressed growth of its men’s and women’s apparel offset gains at its children’s division and retail and licensing components. The company warned last month that its fiscal fourth-quarter earnings would fall below analysts’ forecasts. The results beat analysts’ revised estimates of 35 cents. Sales rose 13% to $475.3 million. Tommy Hilfiger shares, which have fallen 83% from a high of $41 in the last nine months, closed up 63 cents at $7.56 on the New York Stock Exchange.

*

Guide to Our Staff: Need to reach Business section reporters or editors? A guide to the section’s staff can be found at: https://www.latimes.com/bizstaff.