The parent company of Calvin Klein and Tommy Hilfiger nudged up its full-year revenue forecast as it plans to break the internet again with more blockbuster campaigns after the success of its Bad Bunny ad.
PVH Corp. now expects fiscal 2025 revenue to increase slightly by low single digits compared to flat to increase slightly previously, while adjusted profits per share for this year are still expected to come in at $10.75 to $11, the fashion company said Tuesday.
Its stock price rose more than 4 percent in after-hours trading following the release of second-quarter earnings, having closed up 1.09 percent at $82.49. The stock is down 22 percent in the year to date.
“In terms of the outlook, it’s continuing this momentum that we created in Calvin and Tommy around the innovation of i