Shares of PVH Corp. (NYSE: PVH) soared more than 12% in after-hours trading following the release of its fourth-quarter results, which topped Wall Street expectations and included a bullish outlook for the year ahead.
For Q4, the parent company of Calvin Klein and Tommy Hilfiger reported earnings per share (EPS) of $3.27, surpassing analyst estimates of $3.24. Revenue came in at $2.37 billion, down 5% year-over-year but ahead of the $2.34 billion consensus forecast.
The company credited the strong performance to continued momentum from its two flagship global brands and disciplined execution under its PVH+ strategic plan. For the full year 2024, PVH exceeded its non-GAAP EPS guidance, delivered better-than-expected constant currency revenue, achieved record gross margins, and reported a double-digit non-GAAP EBIT margin.
Looking ahead, PVH expects first-quarter 2026 EPS in the range of $2.10 to $2.25, compared to the consensus estimate of $2.24. Revenue for the quarter is projected to be flat to down 2% year-over-year.
For fiscal year 2025, the company anticipates EPS between $12.40 and $12.75, well above the Street estimate of $11.68. Full-year revenue is expected to be flat to slightly higher compared to 2024 levels.
PVH also highlighted shareholder returns, having repurchased $500 million in stock during 2024. The company plans to initiate an additional $500 million in share buybacks through accelerated share repurchase (ASR) agreements in 2025.
