• PVH Corporation's stock surged 18% following the release of its fiscal fourth-quarter earnings report, which exceeded market expectations. The company reported adjusted earnings per share of $3.27 on revenue of $2.37 billion, surpassing Wall Street estimates of $3.19 per share on $2.33 billion in sales. Despite a year-over-year revenue decline of 5%, the results were positively impacted by better-than-expected margins and strong performance from its Calvin Klein and Tommy Hilfiger brands. The announcement of a $500 million accelerated stock buyback plan further boosted investor confidence.

• For the upcoming fiscal year, PVH is guiding for sales to remain stable or slightly increase, with projected adjusted earnings per share between $12.40 and $12.75, up from $11.74 last year. This optimistic outlook, combined with the stock buyback initiative, is expected to enhance shareholder value by reducing the number of shares outstanding. Investors reacted positively to the earnings report and the updated guidance, indicating strong market sentiment towards PVH's recovery and growth strategy.