04:44 PM EDT, 04/01/2024 (MT Newswires) -- PVH Corp. ( PVH ) reported Monday non-GAAP Q4 net income of $3.72 per diluted share compared with $2.38 a year earlier.

Analysts polled by Capital IQ expected $3.52.

Total revenue for the quarter ended Feb. 4 was $2.49 billion, unchanged from a year earlier.

Analysts expected $2.42 billion.

For Q1, the apparel company projects revenue to decline 11% from a year earlier. For 2024, it sees revenue slipping 6% to 7% from 2023.

Analysts are looking for revenue of $2.08 billion and $9.15 billion, respectively, for Q1 and 2024.

PVH shares were sinking 18% in after-hours trading.

Price: 114.38, Change: -25.35, Percent Change: -18.14