By Kelly Cloonan

PVH expects flat to higher sales this year following a decline in revenue last year from its Tommy Hilfiger and Calvin Klein brands.

The company posted a 6% decline in revenue fiscal 2024 of $8.65 billion.

PVH expects 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.

For the first quarter, the New York City-based company guided for flat to a decline in sales of 2%, and for adjusted per-share earnings of $2.10 to $2.25. Analysts are expecting $2.24, according to FactSet.

"Looking ahead, we are positioning the Company for long-term, sustainable growth and remain relentlessly focused on fueling our brand-building consumer flywheel to unlock our full potential around the world," Chief Executive Officer Stefan Larsson said.

For the fourth-quarter ended Feb. 2, the company posted a profit of $157.2 million, or $2.83 a share, compared with $271.8 million, or $4.55 a share, in the same period a year earlier. Adjusted earnings per share were $3.27, ahead of the $3.21 expected by analysts polled by FactSet.

Revenue fell 5% to $2.37 billion compared with $2.49 billion a year ago. Analysts expected $2.33 billion.

Declining international sales in the company's Tommy Hilfiger and Calvin Klein brands, down 7% and 4%, respectively, offset flat and growing sales in North America. Overall, Tommy Hilfiger revenue fell 5% year-over-year, while Calvin Klein sales were down 2%.

Write to Kelly Cloonan at kelly.cloonan@wsj.com

(END) Dow Jones Newswires

March 31, 2025 17:25 ET (21:25 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.