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Shares of PVH, the parent company of Tommy Hilfiger, jumped 9% in after-hours trading after the company issued a positive outlook for 2023.
The apparel group, which also owns the Calvin Klein brand, said it expected revenue to grow between 3% and 4% in 2023 and adjusted earnings per share of $10, compared with 8. .97 dollars in 2022.
PVH reported revenue of $2.49 billion, about 5% better than expected. It earned $138.7 million in net income, more than 30% higher than forecasts.
The company said it expects to report adjusted earnings per share of $1.9 for the first quarter of 2023,
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