PVH Corp., the parent company behind Calvin Klein and Tommy Hilfiger, cleared Q4 estimates late Monday and provided strong full-year guidance. Shares rallied Tuesday morning.
PVH reported Q4 earnings of $3.27 per share adjusted, compared to views for $3.21 per share. Revenue decreased 5% to $2.372 billion, but still topped expectations for $2.33 billion.
Calvin Klein sales eased 2% for the quarter, partially offset by 3% revenue growth in North America. Tommy Hilfiger revenue declined 5% from last year, driven by a 7% drop in international sales for the brand. North America sales for Tommy Hilfiger were flat. Heritage Brands revenue tumbled 41%, including a 28% drop from the sale of the women's intimates business.
Direct-to-consumer revenue declined 5%. Wholesale revenue also fell 5%. Inventory increased 6% from last year.
For the first quarter, PVH expects earnings to range from $2.10 to $2.25 per share adjusted, while FactSet expects $2.24 per share. The retailer predicts revenue will be flat or decline 2%.
PVH sees full-year adjusted earnings between $12.40 and $12.75 per share, ahead of analyst forecasts for $11.68 per share. The company expects flat revenue growth to a slight increase for the year.
PVH also announced plans to accelerate its share repurchase agreements to buy back $500 million of its common stock. The buybacks are part of its current $5 billion repurchase authorization, which had $1.8 billion still available as of Feb. 2 — the end of its fiscal year. PVH plans to use a combination of $350 million in cash on hand and up to $150 million in short-term debt to fund the buybacks.
PVH Stock Jumps Early
Shares of the Calvin Klein parent jumped 18.3% Tuesday. PVH is eyeing its best day since March 28, 2023 when the stock gained 20%.
The stock is in a deep consolidation after tumbling almost 28% in 2025.
You can follow Harrison Miller for more stock news and updates on X/Twitter @IBD_Harrison
