PVH Corp (NYSE: PVH) topped estimates in its second-quarter results and raised its full-year outlook.

PVH in the second quarter of FY 18 has reported the adjusted earnings per share of $2.18, while adjusted revenue growth of 13 percent to $2.33 billion in the second quarter of FY 18. Further, Earnings before interest and taxes on a GAAP basis for the quarter increased to $231 million from $181 million in the prior year period. Included in earnings before interest and taxes for the current quarter were costs of $7 million related to the TH China acquisition. Included in earnings before interest and taxes for the prior year period were $19 million of costs consisting of (i) $7 million related to the TH China acquisition, (ii) $7 million in connection with the relocation of the Tommy Hilfiger office in New York, including noncash depreciation expense, and (iii) $6 million in connection with the consolidation within the Company’s warehouse and distribution network in North America

Meanwhile, PVH will expand its footprint globally with the launch of heritage brand IZOD in Europe. The launch will be supported by a focused regional marketing, PR and social influencer campaign, along with a shop in shop system in Spain with additional distribution within Europe, Russia and the Middle East region planned for Spring 2019. Beginning fall 2018, the customers in Spain, Germany, the Netherlands and Scandinavia will be able to shop the classic American Izod products including, shirts, polos, T-shirts, sweaters, heavy-weight knits, pants, denim and outerwear. The company has added that Izod collection will be available through a network of partners across the continent in store and online, including El Corte Inglés (Spain), Hudson’s Bay (Netherlands), Galeria Kaufhof (Germany) and online through Zalando and Boozt. The shop in shop system that launches in Spain will be later distributed within Europe, Russia and the Middle East region in spring 2019.

During the first six months of 2018, the Company repurchased approximately 900,000 shares of its common stock for $137 million (7.7 million shares for $829 million since inception) under the $1.250 billion stock repurchase program authorized by the Board of Directors through June 3, 2020.

For FY 19, its earnings guidance was raised to US$9.20 to US$9.25 from its prior guidance of US$9.05 to US$9.15.