Calvin Klein-parent PVH rises after upbeat annual forecasts, quarterly results
ReutersMar 31, 2025 8:42 PM
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
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