Shares of PVH Corp (NYSE: PVH) soared 16.03% in after-hours trading on Tuesday following the company's release of better-than-expected fourth-quarter results and an optimistic outlook for fiscal year 2025. The parent company of Calvin Klein and Tommy Hilfiger reported fourth-quarter earnings per share of $3.27, beating analyst estimates of $3.21, despite a 4.8% year-over-year decline in revenue to $2.37 billion.

Investors were particularly encouraged by PVH's strong guidance for fiscal 2025. The company projected full-year earnings per share between $12.40 and $12.75, significantly higher than the analyst consensus of $11.43. PVH also anticipates revenue to be flat to slightly higher compared to 2024, surpassing market expectations. CEO Stefan Larsson attributed the positive outlook to the strength of the company's iconic brands and disciplined execution of its PVH+ Plan.

Adding to the positive sentiment, PVH announced plans to repurchase $500 million worth of shares in 2025 through accelerated share repurchase agreements. This move demonstrates the company's confidence in its future prospects and commitment to returning value to shareholders. The strong performance and optimistic outlook suggest that PVH is successfully navigating challenges in the retail sector and capitalizing on the strength of its global brands.