PVH Corp, the parent company of iconic fashion brands Tommy Hilfiger and Calvin Klein, reported its Q4 earnings with an EPS of $3.72, surpassing the estimated $3.53, and sales reaching $2.49 billion against the expected $2.42 billion. Despite these strong results, the company issued a warning about its future performance, projecting a revenue decrease of 6% to 7% (also on a constant currency basis) compared to 2023, attributing this downturn to a 'tougher macroeconomic backdrop' and a decline in sales of its major brands. This guidance led to a significant drop in PVH's stock price, with shares plunging 20 percent in late trading and nearly 23% before the bell on Tuesday, as the company forecasted worse-than-feared annual revenue and profit. The company also announced a $2 billion increase to its stock repurchase program.