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3w ago

PVH Corp. Beats Q4 Expectations, Projects Growth for 2025

The parent company of Calvin Klein and Tommy Hilfiger reports strong Q4 earnings, announces $500 million in share buybacks, and navigates regulatory challenges in China.

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Overview

  • PVH Corp. reported adjusted Q4 2024 earnings per share of $3.27 and revenue of $2.37 billion, surpassing analyst expectations despite a 5% year-over-year revenue decline.
  • The company provided an optimistic fiscal 2025 outlook, projecting flat to slightly increased revenue and adjusted EPS growth to $12.40-$12.75.
  • Shares surged over 12% in after-hours trading, reflecting investor confidence in PVH's PVH+ Plan and brand-building initiatives, including a high-profile Calvin Klein campaign with Bad Bunny.
  • PVH announced plans for $500 million in share repurchases in 2025, signaling a commitment to returning value to shareholders.
  • The company continues to face regulatory scrutiny in China over Xinjiang-related practices, a developing issue with potential implications for its global operations.