PVH Corp. ( PVH ) shares are trading higher on Tuesday after the company reported fourth-quarter earnings on Monday after the market closed, which included beats on both revenue and EPS.

What To Know: The company reported sales of $2.37 billion, beating analysts’ estimate of $2.33 billion. In addition, it reported adjusted earnings per share of $3.27, beating analysts’ estimate of $3.21.

“Driven by the strength of our two iconic global brands, Calvin Klein and TOMMY HILFIGER, and our disciplined execution of our PVH+ Plan, we finished the year strong and are well-positioned for 2025. In 2024, we beat our EPS guidance on a non-GAAP basis and delivered better-than-expected revenue in constant currency, with record gross margins and double-digit non-GAAP EBIT margin,” said Stefan Larsson, CEO of PVH.

“In a challenging macro, we delivered another year of strong profitability in North America, drove sequential improvements in our wholesale order books in Europe while improving our quality of sales, and we achieved our third consecutive year of growth in Asia Pacific, on a constant currency basis.”

For the first-quarter, the company expects revenue to remain flat or decline by up to 2% year over year. It also projects adjusted earnings per share between $2.10 and $2.25.

PVH announced plans to repurchase $500 million of its shares, with $1.8 billion remaining in share repurchase authorizations.

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PVH Price Action: At the time of publication, PVH stock is trading 17.5% higher at $75.88, according to data from Benzinga Pro.

Image: This illustration was generated using artificial intelligence via Midjourney.