NEW YORK, April 20 (Reuters) - Phillips-Van Heusen (PVH.N), owner of the Calvin Klein clothing label, raised its profit outlook for the quarter and fiscal year, citing a much better-than-expected performance at all its divisions.

Photo: www.pvh.com

The clothing maker said the outlook excluded any possible benefits from its deal to buy fashion brand Tommy Hilfiger.

For the first quarter of 2010, the company sees earnings of 80 cents a share, excluding items, up from its prior outlook of 73 to 75 cents a share.

Phillips-Van Heusen also will offer 4.5 million common shares and $525 million worth of senior unsecured notes due 2020, to fund the Hilfiger deal. (Reporting by Dhanya Skariachan. Editing by Robert MacMillan)