India, March 31 -- While reporting its results for the fourth quarter on Monday, PVH Corp. (PVH) issued outlook for the first quarter and full year 2025. It also announced plans to enter into accelerated share repurchase agreements with one or more dealers to repurchase $500 million of the company's common stock.
The agreements are being entered into under the company's existing $5.0 billion stock repurchase authorization, of which $1.8 billion was available for share repurchases as of February 2, 2025, the end of its most recent fiscal year. The company intends to enter into the agreements in the coming days.
This ASR equates to a repurchase of approximately 7.7 million shares of the company's common stock based on the closing stock pric...