Tommy Hilfiger B.V. reported earnings results for the fourth quarter and full year ended February 3, 2013. For the quarter, the company reported that revenue increased 9% to $891.1 million from $815.8 million in the prior year's fourth quarter, including a negative impact of approximately $10 million, or 1%, related to foreign currency translation. On a non-GAAP basis, earnings before interest and taxes increased 45% to $101.8 million from $70.2 million in the prior year's fourth quarter, driven by the net revenue increase discussed above and a 290 basis point improvement in gross margin, driven by an increase in average unit retail selling prices and a decrease in product costs. On a GAAP basis, earnings before interest and taxes increased 73% to $96.1 million, as compared to $55.6 million in the prior year's fourth quarter. This increase was due principally to the net impact of the overall revenue and gross margin increases noted above, combined with a decrease in integration and restructuring costs. For the year, the company reported revenue of $3,216.990 million compared to $3,050.801 million a year ago. On GAAP basis, earnings before interest and taxes were $420.933 million compared to $281.839 million a year ago. On non-GAAP basis, earnings before interest and taxes were $436.753 million compared to $352.671 million a year ago.

Tommy Hilfiger B.V. reported earnings results for the third quarter and nine months ended October 28, 2012. For the quarter, the company’s revenue increased 1% to $833.6 million from $826.6 million in the prior year's third quarter, including a negative impact of approximately $40 million, or 5%, related to foreign currency translation. On a non-GAAP basis, earnings before interest and taxes for the business increased 16% to $135.1 million from $116.2 million in the prior year's third quarter, due to the net revenue increase discussed above and a significant improvement in gross margin driven by an increase in average unit retail selling prices and a decrease in product costs. On a GAAP basis, earnings before interest and taxes for the business increased 42% to $128.8 million, as compared to $90.6 million in the prior year's third quarter. This increase was due principally to the net impact of the overall revenue and gross margin increases noted above, combined with the absence of expenses incurred in connection with the company's buyout of the perpetual license for Tommy Hilfiger in India and a decrease in integration and restructuring costs. A 4%, or $90.9 million, increase in the business, including a negative impact of approximately $100 million, or 4%, related to foreign currency translation. For the nine months, the company’s total revenue was $2,325,885,000 compared to $2,234,958,000 a year ago. Earnings before interest and taxes were $324,977,000 compared to $226,442,000 a year ago. Non-GAAP basis, earnings before interest and taxes were $335,154,000 compared to $282,662,000 a year ago. The company provided revenue guidance for the fourth quarter and full year of 2012. For the quarter, the company’s revenue is expected to increase approximately 5% as compared to the fourth quarter of 2011, which includes a negative impact of approximately 2% related to foreign currency translation. For the full year, the company’s revenue is expected to increase approximately 4% as compared to $3.051 billion in 2011, including a negative foreign currency translation impact of approximately 4%.

Tommy Hilfiger has signed a lease for 25,000 sq ft of offices for its European store, which occupies 8,288 sq ft at 63-65 Brompton Road in London's Knightsbridge.