From Yahoo Finance: 2025-04-01 09:50:00

PVH, owner of Tommy Hilfiger and Calvin Klein, surpassed profit and sales expectations with a long-term strategy. A $500 million stock repurchase plan was announced, propelling shares up 19%. Q4 earnings per share of $3.27 and revenue of $2.37 billion exceeded forecasts. Full-year adjusted EPS projected at $12.40 to $12.75.

Despite a 45% decline in shares over the past year, PVH saw a 19% surge after beating forecasts, issuing a positive outlook, and unveiling a stock buyback plan. Q4 revenue for Tommy Hilfiger and Calvin Klein fell, but CEO Stefan Larsson credited strong demand and disciplined execution for the success. PVH launched the PVH+ Plan three years ago.

Read more: Calvin Klein Parent PVH Stock Soars on Strong Results, Outlook, Buyback