06:34 AM EDT, 04/01/2025 (MT Newswires) -- PVH (PVH) shares jumped early Tuesday after the clothing company offered a full-year earnings outlook above market expectations on the back of better-than-expected fiscal fourth quarters.

The owner of brands including Tommy Hilfiger and Calvin Klein anticipates per-share adjusted earnings to be in a range of $12.40 to $12.75 for fiscal 2025, including a foreign-exchange headwind of $0.20, it said late Monday. The current consensus on FactSet is for non-GAAP EPS of $11.68. In the previous fiscal year, adjusted EPS advanced to $11.74 from $10.68.

Revenue is projected to be flat to increase "slightly" versus the $8.65 billion recorded in fiscal 2024. The Street is looking for sales of $8.64 billion. The stock climbed 17% in recent premarket activity.

"We are positioning the company for long-term, sustainable growth and remain relentlessly focused on fueling our brand-building consumer flywheel," Chief Executive Stefan Larsson said in a statement. "In North America, we will continue to drive a double-digit (earnings before interest and taxes) margin, in Europe our fall 2025 order books are back to growth, and in Asia Pacific we will continue to focus on driving strong consumer engagement."

For the quarter ended Feb. 2, PVH's adjusted EPS declined to $3.27 from $3.72 the year before, but topped the average analyst estimate of $3.21. Overall revenue decreased 5% year over year to $2.37 billion, but came in ahead of the Street's view for $2.33 billion.

The company saw "another year of strong profitability" in North America while wholesale order books improved sequentially in Europe, according to Larsson.

In North America, Calvin Klein's quarterly revenue gained 3% year over year buoyed by a shift in timing of wholesale shipments into the fourth quarter from the previous three-month period. Tommy Hilfiger sales were flat. Their combined North American revenue ticked up 1%.

Revenue from international operations slipped 6% amid declines in the Tommy Hilfiger and Calvin Klein brands. The Heritage Brands segment saw sales drop 41% on a yearly basis, including a 28% fall due to the sale of the Heritage Brands women's intimate business.

"For the full year 2024, we delivered on the commitments we set out at the beginning of the year, despite a tougher than expected macroeconomic backdrop," Chief Financial Officer Zac Coughlin said.

For the ongoing quarter, PVH expects adjusted EPS to come in between $2.10 and $2.25 and revenue to be flat to down 2%. The Street's current forecast is for non-GAAP EPS of $2.24 and sales of $1.92 billion.