Shares of PVH Corp. (PVH) surged 11.94% in after-hours trading on Monday following the company's release of fourth-quarter results that exceeded expectations and the provision of an optimistic outlook for fiscal year 2025.
The parent company of Calvin Klein and Tommy Hilfiger reported fourth-quarter revenue of $2.372 billion, beating the analyst consensus of $2.33 billion. Earnings per share came in at $3.27 on a non-GAAP basis, surpassing the Street's estimate of $3.21. PVH's performance was driven by solid execution across its business segments, with particular strength in its international operations.
Looking ahead, PVH provided a bullish forecast for fiscal year 2025, projecting earnings per share in the range of $12.40 to $12.75, significantly above the FactSet analyst consensus of $11.43. The company also anticipates revenue to be flat to slightly higher compared to 2024. Additionally, PVH announced plans to repurchase $500 million worth of shares in 2025 through accelerated share repurchase agreements, further boosting investor confidence in the company's financial position and outlook.
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