PVH's stock rose more than 4 percent Thursday as investors cheered the company's latest quarterly results.
The clothing company reported adjusted first-quarter earnings per share of $1.50 on revenue of $1.92 billion, beating analysts' estimates, as its Calvin Klein and Tommy Hilfiger businesses led the way.
Quarterly revenues from Calvin Klein increased 13 percent year over year, while Tommy Hilfiger's rose 4 percent.
The company also raised its full-year earnings guidance to a range of $6.45-$6.55 from $6.30-$6.50.
"Looking ahead to the remainder of 2016, we are increasing our earnings guidance on a non-GAAP basis for the year, while continuing to take a prudent approach to planning our business, as foreign currency and global consumer spending remain unpredictable and the U.S. retail market is increasingly volatile and promotional," CEO Emanuel Chirico said in a statement Wednesday.