PVH Corp., the parent company of Calvin Klein and Tommy Hilfiger, reported a 4.74% year-over-year decline in quarterly revenue to $2.37 billion, exceeding analyst expectations by $42 million. Earnings per share (EPS) fell 12.10% year-over-year to $3.27, narrowly beating estimates by $0.06. Full-year revenue declined 6% year-over-year to $8.65 billion, while operating profit dropped 41% to $210 million. Despite these challenges, PVH announced a $500 million share buyback plan and provided guidance suggesting flat to slightly positive sales growth for 2025. Shares jumped 14% following the announcement. The company highlighted strong profitability in North America, sequential improvements in European wholesale orders, and continued growth in Asia Pacific. CEO Stefan Larsson noted that while sales stabilized in March after a sharp decline in February, the U.S. and China remain challenging markets. PVH also addressed its inclusion on China's trade blacklist but declined to comment further.