Shares of PVH Corp, the parent company of Tommy Hilfiger and Calvin Klein, surged 5.19% in after-hours trading on Tuesday following the release of its second-quarter financial results that exceeded expectations and an improved full-year outlook.
The apparel giant reported Q2 revenue of $2.167 billion, a 4% increase from the previous year and above the company's own guidance. Non-GAAP earnings per share came in at $2.52, significantly beating both the company's guidance of $1.85 to $2.00 and analysts' expectations of $2.01 per share. This strong performance was driven by the success of its Calvin Klein and Tommy Hilfiger brands, which saw growth through strategic marketing initiatives and product innovation.
Adding to investor enthusiasm, PVH raised its full-year revenue outlook, now projecting a slight increase to low single-digit growth, an improvement from its previous forecast of "flat to increase slightly." The company also reaffirmed its full-year non-GAAP EPS guidance of $10.75 to $11.00, despite facing an estimated $1.15 per share negative impact from U.S. tariffs in 2025. PVH's ability to maintain its earnings guidance while raising revenue expectations showcases its operational efficiency and brand strength in a challenging retail environment.
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