BUZZ-Calvin Klein-parent PVH rises after upbeat annual forecasts, quarterly results

Reuters

Apr 01, 2025

** Shares of apparel maker PVH Corp PVH.N up ~12% at $72.22 in aftermarket trade

** PVH forecasts annual adjusted profit above analysts' estimates, according to data compiled by LSEG

** Also forecasts annual revenue to be flat to increase slightly YOY, compared to estimates of a sight decline

** Co beats Q4 revenue and adjusted profit estimates, according to data compiled by LSEG

** However, revenue fell 5% in the quarter, Tommy Hilfiger revenue decreased 5%, while Calvin Klein revenue decreased 2%

** PVH announces plans to repurchase $500 million of shares of its common stock in 2025

** Up to Monday's close, PVH has fallen ~39% YTD

(Reporting by Neil J Kanatt in Bengaluru)

((Neil.JKanatt@thomsonreuters.com;))

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