PVH Corp (NYSE:PVH) shares soared 15.3% in premarket trading on Tuesday after the apparel company reported better-than-expected fourth quarter results and provided an upbeat outlook for fiscal 2025.

The owner of Tommy Hilfiger and Calvin Klein brands posted adjusted earnings per share of $3.27 for the fourth quarter, beating analyst estimates of $3.24. Revenue came in at $2.37 billion, surpassing expectations of $2.34 billion despite declining 5% YoY (2% in constant currency).

PVH’s fourth quarter revenue was impacted by a 3% decline from the extra week in 2023 and a 1% drop from the sale of its Heritage Brands women’s intimates business. International revenue fell 6% (3% in constant currency), while North American Tommy Hilfiger and Calvin Klein revenue rose 1%.

For fiscal 2025, PVH projects earnings per share of $12.40 to $12.75 on a non-GAAP basis, well above the consensus estimate of $11.68. The company expects revenue to be flat to slightly higher compared to 2024 on both a reported and constant currency basis.

"We finished the year strong and are well-positioned for 2025," said CEO Stefan Larsson. "In 2024, we beat our EPS guidance on a non-GAAP basis and delivered better-than-expected revenue in constant currency, with record gross margins and double-digit non-GAAP EBIT margin."

PVH also announced plans to repurchase $500 million of its shares in 2025 through accelerated share repurchase agreements, reflecting confidence in its long-term growth potential.

The company’s strong results and optimistic outlook drove the significant after-hours stock price jump as investors reacted positively to PVH’s ability to navigate a challenging macro environment.