The Company is currently estimating that GAAP diluted net income per share for the year will be $1.78 to $1.80.
The Company's 2005 earnings per share guidance does not include the impact of expensing stock options.
The Company estimates that if stock options were expensed in 2005, the impact would be approximately $0.15 per share under the provisions of SFAS 123, which would reduce the Company's 2005 earnings per share guidance.
Phillips-Van Heusen Corporation is one of the world's largest apparel companies.
It owns and markets the Calvin Klein brand worldwide.
It is the world's largest shirt company and markets a variety of goods under its own brands, Van Heusen, Calvin Klein, IZOD, Arrow, and G H Bass & Co, and its licensed brands Geoffrey Beene, Kenneth Cole New York, Kenneth Cole Reaction, BCBG Max Azria, BCBG Attitude, Sean Jean, MICHAEL Michael Kors, Chaps, and Donald J. Trump Signature Collection.
Phillips-Van Heusen Corporation
marketing@alchempro.com
