Shares of Clothing company PVH Corp. (PVH) are rallying more than 18% Tuesday morning after reporting better-than-expected fourth-quarter earnings. The company's first-quarter as well as full-year guidance also came in above analysts' view.
Net profit in the fourth quarter declined to $138.7 million or $2.18 per share from $390.8 million or $5.53 per share in the same quarter a year ago.
However, excluding one-time items, earnings were $2.38 per share, that beat the average estimate of analysts polled by Thomson-Reuters of $1.67 per share.
Quarterly revenue increased 2% year-on-year to $2.489 billion
Looking forward to the first quarter, the company expects revenue to be relatively flat compared to last year. EPS is projected to be approximately $1.90. Analysts expect the company to report earnings of $1.88 per share on revenue of $2.09 billion for the quarter.
For the full year, the company sees revenue increasing 3%-4% year-on-year. EPS is expected to be about $10. Analysts expect revenue to increase 2.1% and earnings to be $9.05 per share .
PVH is at $87.51 currently. It has traded in the range of $43.49-$94.51 in the last 1 year.
For comments and feedback contact: editorial@rttnews.com
Business News
April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.