10:04 AM EDT, 04/01/2025 (MT Newswires) -- (Updates stock move in the headline and first paragraph.)
PVH (PVH) shares were rising past 17% in recent Tuesday trading after it reported Monday Q4 non-GAAP diluted earnings and revenue that came in above analysts' estimates.
The company reported fiscal Q4 non-GAAP diluted earnings of $3.27 per share, down from $3.72 a year earlier. Analysts polled by FactSet expected $3.21.
Revenue for the quarter ended Feb. 2 was $2.37 billion, down from $2.49 billion. Analysts surveyed by FactSet expected $2.33 billion.
The company said it expects non-GAAP EPS of $2.10 to $2.25 for Q1 and $12.40 to $12.75 for full-year 2025. Analysts expected $2.24 for the quarter and $11.43 for the year.
PVH also said it plans to enter into an accelerated share purchase agreements with one or more dealers in April to repurchase $500 million of its shares during the year.
The agreements will be included under its current $5 billion stock repurchase authorization, which had $1.8 billion available for repurchases as of Feb. 2, PVH said.
Price: 76.37, Change: +11.73, Percent Change: +18.15