Shares of PVH Corp (NYSE: PVH) soared 16.03% during Tuesday's trading session 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 revenue of $2.37 billion, surpassing analyst estimates of $2.33 billion. Adjusted earnings per share came in at $3.27, beating the Street's expectations of $3.21. While revenue declined 4.8% year-over-year, the company's performance exceeded its own guidance range.

Investors were particularly encouraged by PVH's strong outlook 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.

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.

Stefan Larsson, Chief Executive Officer, commented on the results: "Driven by the strength of our two iconic global brands, Calvin Klein and Tommy Hilfiger, and our disciplined execution of our PVH+ Plan, we finished the year strong and are well-positioned for 2025."

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. Analysts have responded positively to the company's strategic initiatives and financial discipline, with several maintaining "buy" ratings on the stock.