Company news: PVH’s (PVH) quarterly results beat analysts’ estimates

PVH (PVH) reported Q4 FY2024 earnings of $3.27 per share (versus $3.72 per share in Q4 FY2023), beating analysts’ consensus estimate of $3.21 per share.

The company’s quarterly revenues amounted to $2.372 bln (-4.8% y/y), beating analysts’ consensus estimate of $2.334 bln.

The company also said it sees Q1 FY2025 EPS of $2.10-2.25 versus analysts’ consensus estimate of $2.24 and revenues of being -2% to flat y/y, which could be computed as $1.91-1.95 bln versus analysts’ consensus estimate of $1.91 bln.

For the full FY2025, PVH sees EPS of $12.40-12.75 versus analysts’ consensus estimate of $11.43 and revenues of being flat to increase slightly from $8.65 bln in 2024 versus analysts’ consensus estimate of $8.60 bln.

The company also announced that it repurchased $500 mln in stock during 2024 and intends to enter into $500 million accelerated share repurchase agreements in 2025.

PVH rose to $74.70 (+15.56%) in pre-market trading.