By Kelly Cloonan
Shares of PVH climbed after the company guided for flat to higher sales this year after logging a decline in revenue in fiscal 2024.
The stock rose 16% to $75.10 in after-hours trading on Monday. Shares had fallen 54% in the past 12 months through the close of market trading.
The house of brands fashion company said it expects flat to higher revenue in fiscal 2025 after sales declined 6% last year to $8.65 billion.
The company guided for adjusted earnings per share of $12.40 to $12.75 for this year, up from $11.74 in 2024. That tops the $11.43 analysts expect, according to a survey by FactSet.
Write to Kelly Cloonan at kelly.cloonan@wsj.com
(END) Dow Jones Newswires
March 31, 2025 18:02 ET (22:02 GMT)
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