Shares of Tommy Hilfiger parent PVH surged 9 per cent in after-hours trading after the company provided a strong outlook for 2023.
The apparel group, which also owns the Calvin Klein brand, said it expected revenue to grow between 3 per cent and 4 per cent in 2023, and adjusted earnings per share of $10, compared with $8.97 in 2022.
PVH reported $2.49bn in revenue, about 5 per cent better than expected. It earned $138.7mn in net income, beating forecasts by more than 30 per cent.
The company said it expected to report $1.90 in adjusted earnings per share in the first quarter of 2023,