|         |                                                                                                  |
|---------|--------------------------------------------------------------------------------------------------|
| • | FOURTH QUARTER NON-GAAP EPS OF $1.43 EXCEEDED GUIDANCE OF $1.40; GAAP LOSS PER SHARE WAS $(0.46) |

|         |                                                                                |
|---------|--------------------------------------------------------------------------------|
| • | FULL YEAR NON-GAAP EPS OF $7.03 EXCEEDED GUIDANCE OF $7.00; GAAP EPS WAS $1.74 |

|         |                                                          |
|---------|----------------------------------------------------------|
| • | COMPANY MADE $500 MILLION OF DEBT REPAYMENTS DURING 2013 |

|         |                                                                                                                                   |
|---------|-----------------------------------------------------------------------------------------------------------------------------------|
| • | 2014 NON-GAAP EPS PROJECTED TO INCREASE TO $7.40 TO $7.50, DESPITE ONGOING INVESTMENTS AND AN UNCERTAIN MACROECONOMIC ENVIRONMENT |

----

|         |                                                                                                                                                                        |
|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Earnings per share on a non-GAAP basis was $1.43, which exceeded the Company’s guidance of $1.40, as compared to $1.60 in the prior year’s fourth quarter. |

|         |                                                                                                                   |
|---------|-------------------------------------------------------------------------------------------------------------------|
| • | GAAP loss per share was $(0.46) as compared to the prior year’s fourth quarter earnings per share of $1.09. |

|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Revenue increased 25% to $2.052 billion, as compared to $1.636 billion in the prior year’s fourth quarter. The increase over the prior year was principally driven by the addition of approximately $479 million of revenue related to the acquired Warnaco businesses, net of the reduction in licensing revenue attributable to Warnaco. Also contributing to the increase was revenue growth of $18 million, or 2%, in the Company’s Tommy Hilfiger and pre-acquisition Calvin Klein businesses. Partially offsetting these increases was a revenue decline of $81 million, or 19%, in the Company’s pre-acquisition Heritage Brands businesses, of which $75 million was lost revenue resulting from the sale of the G.H. Bass & Co. business on the first day of the quarter. |

----

----

----

----

----

|         |                                                                                 |
|---------|---------------------------------------------------------------------------------|
| • | On a non-GAAP basis, earnings per share was $7.03 as compared to $6.58 in 2012. |

|         |                                                                 |
|---------|-----------------------------------------------------------------|
| • | GAAP earnings per share was $1.74 as compared to $5.87 in 2012. |

|         |                                                                                                                                                                                                               |
|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Revenue on a non-GAAP basis increased $2.173 billion, or 36%, to $8.216 billion as compared to the prior year’s amount of $6.043 billion (which was in accordance with GAAP). Driving the increase was: |

|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| ◦ | A $1.646 billion increase in the Calvin Klein business as compared to 2012, driven by (i) the addition of $1.525 billion attributable to the acquired Warnaco businesses, net of the reduction in licensing revenue attributable to Warnaco; (ii) an 8% increase in the pre-acquisition North America wholesale business; and (iii) an increase in the North America retail business driven by 3% comparable store sales growth and square footage expansion. Royalty revenue decreased 31% as compared to the prior year, principally due to the loss of Warnaco royalties and the expiration of a long-term contractual agreement related to royalties in the North America women’s sportswear business, which together totaled $105 million. Excluding the expiration of this contract and the loss of Warnaco royalties, royalty revenue increased 11%, driven by strength in women’s apparel, handbags and accessories, as well as men’s and women’s outerwear. |

|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| ◦ | A 7%, or $216 million, increase in the Tommy Hilfiger business as compared to 2012. Revenue in the Tommy Hilfiger North America business increased 8%, principally driven by 4% retail comparable store sales growth, retail square footage expansion and double-digit growth in the North America wholesale business. Revenue in the Tommy Hilfiger International business increased 6%. Growth in Europe was driven by a 6% European retail comparable store sales increase, retail square footage expansion and a 9% increase in the European wholesale business, and also included a positive impact of foreign currency translation due to a stronger Euro compared with the prior year. These increases were partially offset by underperformance in Japan, where the Company continued its efforts to reposition the brand. The business |

----

|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| ◦ | A 19%, or $311 million, increase in the Heritage Brands business compared to 2012, driven by (i) the addition of $450 million attributable to the newly acquired Speedo, Warner’s and Olga businesses; and (ii) a $19 million increase in the pre-acquisition ongoing wholesale businesses, partially offset by (a) the loss of $75 million related to the exited Bass business; (b) the loss of $42 million related to the Izod women’s and Timberland wholesale sportswear businesses exited in 2012; and (c) a comparable store sales decline of 7% in the retail business due, in large part, to weak performance at Bass during the first three quarters of 2013. |

|         |                                                                                                                                                                                                                                                                                      |
|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | GAAP revenue of $8.186 billion was $30 million lower than non-GAAP revenue for the year. The difference is attributable to sales returns accepted from certain Warnaco Asia wholesale customers during the first quarter of 2013 in an initiative to reduce excess inventory levels. |

|         |                                                                                                                  |
|---------|------------------------------------------------------------------------------------------------------------------|
| • | On a non-GAAP basis, earnings before interest and taxes increased $215 million over 2012 to $967 million due to: |

|         |                                                                                                                                                                                                                                                                                                                                    |
|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| ◦ | A $147 million increase in the Calvin Klein business, driven primarily by the addition of revenue related to the acquired Warnaco businesses, partially offset by the cost of strategic initiatives in those businesses in the second half of 2013, combined with strong growth in the Company’s pre-acquisition businesses. |

|         |                                                                                                                 |
|---------|-----------------------------------------------------------------------------------------------------------------|
| ◦ | A $42 million increase in the Tommy Hilfiger business, principally due to the revenue increase mentioned above. |

|         |                                                                                                                                                                                                                                                                                                                                    |
|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| ◦ | A $40 million increase in the Heritage Brands business, driven by (i) the addition of earnings related to the newly acquired Speedo, Warner’s and Olga businesses; and (ii) growth in the Company’s ongoing pre-acquisition wholesale businesses, partially offset by weakness in the Heritage Brands retail business. |

|         |                                                                                                                                                                          |
|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| ◦ | A $13 million increase in corporate expenses, due principally to the addition of Warnaco corporate expenses, net of savings and synergies realized from the acquisition. |

|         |                                                                                                                                                                                                                                                                                                                                                                      |
|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | GAAP earnings before interest and taxes decreased $147 million to $513 million as compared to $660 million in the prior year. The earnings decrease was primarily due to (i) an increase over the prior year of $468 million of costs related to the acquisition, integration, restructuring and debt modification and extinguishment charges related to the Warnaco |

----

|         |                                                                                                                                                                                                                                                                                                                                                                                                                           |
|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | On a non-GAAP basis, net interest expense increased to $184 million as compared to $114 million in the prior year, due to an increase in the Company’s total indebtedness incurred in connection with the Warnaco acquisition. GAAP net interest expense was $185 million as compared to $117 in the prior year. During 2013, the Company made debt repayments totaling $500 million on its outstanding term loans. |

|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | On a non-GAAP basis, the effective tax rate was 25.8% as compared to 23.8% in the prior year. The GAAP effective tax rate was 56.4% as compared to 20.1% for the prior year. The increase in the GAAP effective tax rate as compared to the prior year was due principally to recording an increase to the Company’s previously-established liability for an uncertain tax position related to European and U.S. transfer pricing arrangements. |

----

----

|         |                                                                                                                                                                                                                                              |
|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Pre-tax costs of approximately $100 million expected to be incurred in 2014 in connection with the integration of Warnaco and the related restructuring, of which approximately $40 million is expected to be incurred in the first quarter. |

----

|         |                                                                                                                                                                                                                        |
|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Pre-tax costs of approximately $90 million associated with the refinancing of the Company’s term loans and the redemption of its 7 3/8% senior notes due 2020, which were incurred in the first quarter of 2014. |

|         |                                                                                                                                                                                 |
|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | A revenue reduction of $30 million in the first quarter of 2013, due to sales returns accepted from certain Warnaco Asia wholesale customers to reduce excess inventory levels. |

|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Pre-tax costs of $511 million incurred in 2013 in connection with the acquisition, integration and related restructuring of Warnaco, including costs associated with the Company’s debt modification and extinguishment completed at the time of the Warnaco acquisition, and the sales returns mentioned above, of which $224 million was incurred in the first quarter, $128 million was incurred in the second quarter, $61 million was incurred in the third quarter and $99 million was incurred in the fourth quarter. Approximately $215 million of the acquisition, integration and related restructuring charges incurred in 2013 were non-cash charges, the majority of which were short-lived valuation adjustments and amortization. |

|         |                                                                                                                                                                                       |
|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Pre-tax income of $24 million due to the amendment of an unfavorable contract, which resulted in the reduction of a liability recorded at the time of the Tommy Hilfiger acquisition. |

|         |                                                                                                                                                                                                                                                                                                           |
|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | A pre-tax loss of $20 million, including related costs, incurred in 2013 in connection with the sale of substantially all of the assets of the Bass business, which closed on November 4, 2013, of which $19 million was incurred in the third quarter and $1 million was incurred in the fourth quarter. |

|         |                                                                                                                                 |
|---------|---------------------------------------------------------------------------------------------------------------------------------|
| • | Pre-tax income of $53 million recorded in the fourth quarter of 2013 related to recognized actuarial gains on retirement plans. |

|         |                                                                                                                                                                                                                                                       |
|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | A tax expense of $120 million recorded in the fourth quarter of 2013 in connection with an increase to the Company’s previously-established liability for an uncertain tax position related to European and U.S. transfer pricing arrangements. |

|         |                                                                                                                                                                                                                       |
|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | A tax expense of $5 million recorded in the fourth quarter of 2013 associated with various Warnaco integration activities and various adjustments to liabilities for changes in estimates in uncertain tax positions. |

|         |                                                                                                                                                                                    |
|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | 2012 pre-tax costs of $21 million incurred principally in connection with the integration of Tommy Hilfiger and the related restructuring, of which $3 million was incurred in the |

----

|         |                                                                                                                                                                                                     |
|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | 2012 pre-tax costs of $46 million incurred in connection with the acquisition of Warnaco, of which $6 million was incurred in the third quarter and $40 million was incurred in the fourth quarter. |

|         |                                                                                                                                     |
|---------|-------------------------------------------------------------------------------------------------------------------------------------|
| • | A pre-tax expense of $28 million recorded in the fourth quarter of 2012 related to recognized actuarial losses on retirement plans. |

|         |                                                                                                                                                                                                                                             |
|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | A $14 million tax benefit in 2012 related to the recognition of previously unrecognized net operating loss assets and tax credits, of which $5 million was recorded in the third quarter and $9 million was recorded in the fourth quarter. |

|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Estimated tax effects associated with the above pre-tax items, which are based on the Company’s assessment of deductibility. In making this assessment, the Company evaluated each item that it has identified above as a non-GAAP exclusion to determine if such item is taxable or tax deductible, and if so, in what jurisdiction the tax expense or tax deduction would occur. All items above were identified as either primarily taxable or tax deductible, with the tax effect taken at the statutory income tax rate of the local jurisdiction, or as non-taxable or non-deductible, in which case the Company assumed no tax effect. |

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|                                                                         |
|-------------------------------------------------------------------------|
|                                                                         |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                                    |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                    |   | Quarter Ended |   |   |   | Year Ended |   |   |
|                                                                    |   | 2/2/14 |   | 2/3/13 |   |   |   | 2/2/14 |   | 2/3/13 |   |   |
|                                                                    |   |   |   |   |   |   |   |   |   |   |   |   |
| Net sales                                                               |   | $ | 1,953,491 |  |   | $ | 1,506,910 |  |   |   |   | $ | 7,806,140 |  |   | $ | 5,540,821 |  |   |   |
| Royalty revenue                                                         |   | 75,606 |  |   | 98,102 |  |   |   |   | 290,677 |  |   | 370,019 |  |   |   |
| Advertising and other revenue                                           |   | 23,122 |  |   | 31,188 |  |   |   |   | 89,534 |  |   | 132,159 |  |   |   |
| Total revenue                                                           |   | $ | 2,052,219 |  |   | $ | 1,636,200 |  |   |   |   | $ | 8,186,351 |  |   | $ | 6,042,999 |  |   |   |
|                                                                    |   |   |   |   |   |   |   |   |   |   |   |   |
| Gross profit on net sales                                               |   | $ | 970,815 |  |   | $ | 751,366 |  |   |   |   | $ | 3,839,059 |  |   | $ | 2,747,052 |  |   |   |
| Gross profit on royalty, advertising and other revenue                  |   | 98,728 |  |   | 129,290 |  |   |   |   | 380,211 |  |   | 502,178 |  |   |   |
| Total gross profit                                                      |   | 1,069,543 |  |   | 880,656 |  |   |   |   | 4,219,270 |  |   | 3,249,230 |  |   |   |
|                                                                    |   |   |   |   |   |   |   |   |   |   |   |   |
| Selling, general and administrative expenses                            |   | 909,539 |  |   | 771,172 |  |   |   |   | 3,673,469 |  |   | 2,594,315 |  |   |   |
|                                                                    |   |   |   |   |   |   |   |   |   |   |   |   |
| Debt modification and extinguishment costs                              |   |  |  |   |   |   |   |   | 40,395 |  |   |   |   |   |
|                                                                    |   |   |   |   |   |   |   |   |   |   |   |   |
| Equity in income of unconsolidated affiliates, net                      |   | 0 |  |   | 404 |  |   |   |   | 8,056 |  |   | 5,447 |  |   |   |
|                                                                    |   |   |   |   |   |   |   |   |   |   |   |   |
| Earnings before interest and taxes                                      |   | 160,004 |  |   | 109,888 |  |   |   |   | 513,462 |  |   | 660,362 |  |   |   |
|                                                                    |   |   |   |   |   |   |   |   |   |   |   |   |
| Interest expense, net                                                   |   | 45,400 |  |   | 31,367 |  |   |   |   | 184,696 |  |   | 117,250 |  |   |   |
|                                                                    |   |   |   |   |   |   |   |   |   |   |   |   |
| Pre-tax income                                                          |   | 114,604 |  |   | 78,521 |  |   |   |   | 328,766 |  |   | 543,112 |  |   |   |
|                                                                    |   |  |  |   |   |   |   |   |   |   |   |   |   |
| Income tax expense (benefit)                                            |   | 152,168 |  |   | (2,227 | ) |   |   |   | 185,284 |  |   | 109,272 |  |   |   |
|                                                                    |   |   |   |   |   |   |   |   |   |   |   |   |
| Net (loss) income                                                       |   | (37,564 | ) |   | 80,748 |  |   |   |   | 143,482 |  |   | 433,840 |  |   |   |
|                                                                    |   |   |   |   |   |   |   |   |   |   |   |   |
| Less: Net loss attributable to redeemable non-controlling interest      |   | (103 | ) |   |  |   |   |   | (55 | ) |   |   |   |   |
|                                                                    |   |   |   |   |   |   |   |   |   |   |   |   |
| Net (loss) income attributable to PVH Corp.                             |   | $ | (37,461 | ) |   | $ | 80,748 |  |   |   |   | $ | 143,537 |  |   | $ | 433,840 |  |   |   |
|                                                                    |   |   |   |   |   |   |   |   |   |   |   |   |
| Diluted net (loss) income per common share attributable to PVH Corp.(1) |   | $ | (0.46 | ) |   | $ | 1.09 |  |   |   |   | $ | 1.74 |  |   | $ | 5.87 |  |   |   |
|                                                                    |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                    |   | Quarter Ended |   |   |   | Year Ended |   |   |
|                                                                    |   | 2/2/14 |   | 2/3/13 |   |   |   | 2/2/14 |   | 2/3/13 |   |   |
|                                                                    |   |   |   |   |   |   |   |   |   |   |   |   |
| Depreciation and amortization expense                                   |   | $ | 70,494 |  |   | $ | 37,812 |  |   |   |   | $ | 313,594 |  |   | $ | 140,356 |  |   |   |
|                                                                    |   |   |   |   |   |   |   |   |   |   |   |

|           |                                                                                                                                                                                       |
|-----------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (1)  | Please see Note A in the Notes to Consolidated GAAP Income Statements for reconciliations of GAAP diluted net (loss) income per common share to non-GAAP net income per common share. |

----

|                                                                  |
|------------------------------------------------------------------|
|                                                                  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                             |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                             |   | Quarter Ended |   |   |   | Year Ended |   |   |
|                                                             |   | 2/2/14 |   | 2/3/13 |   |   |   | 2/2/14 |   | 2/3/13 |   |   |
|                                                             |   |   |   |   |   |   |   |   |   |   |   |   |
| Non-GAAP Measures                                                |   |   |   |   |   |   |   |   |   |   |   |   |
| Total revenue(1)                                                 |   |  |  |   |  |  |   |   |   | $ | 8,216,351 |  |   |  |  |   |   |
| Total gross profit(2)                                            |   | $ | 1,078,282 |  |   |  |  |   |   |   | 4,304,855 |  |   |  |  |   |   |
| Selling, general and administrative expenses(3)                  |   | 871,471 |  |   | $ | 700,756 |  |   |   |   | 3,345,984 |  |   | $ | 2,503,069 |  |   |   |
| Earnings before interest and taxes(4)                            |   | 206,811 |  |   | 180,304 |  |   |   |   | 966,927 |  |   | 751,608 |  |   |   |
| Interest expense, net(5)                                         |   |  |  |   | 27,711 |  |   |   |   | 183,856 |  |   | 113,594 |  |   |   |
| Income tax expense(6)                                            |   | 42,502 |  |   | 34,059 |  |   |   |   | 202,133 |  |   | 151,654 |  |   |   |
| Net income attributable to PVH Corp.(7)                          |   | 119,012 |  |   | 118,534 |  |   |   |   | 580,993 |  |   | 486,360 |  |   |   |
| Diluted net income per common share attributable to PVH Corp.(8) |   | $ | 1.43 |  |   | $ | 1.60 |  |   |   |   | $ | 7.03 |  |   | $ | 6.58 |  |   |   |
|                                                             |   |   |   |   |   |   |   |   |   |   |   |   |
| Depreciation and amortization expense(9)                         |   | $ | 67,520 |  |   |  |  |   |   |   | $ | 230,211 |  |   |  |  |   |   |
|                                                             |   |   |   |   |   |   |   |   |   |

|                                                                                                                                                                                                                                                                     |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                                                                                                     |
| (1)    Please see Table 2 for reconciliations of GAAP revenue to non-GAAP revenue.                                                                                                                                                              |
| (2)    Please see Table 4 for reconciliations of GAAP gross profit to non-GAAP gross profit.                                                                                                                                                    |
| (3)    Please see Table 5 for reconciliations of GAAP selling, general and administrative expenses (“SG&A”) to non-GAAP SG&A.                                                                                               |
| (4)    Please see Table 3 for reconciliations of GAAP earnings before interest and taxes to non-GAAP earnings before interest and taxes.                                                                                                        |
| (5)    Please see Table 6 for reconciliations of GAAP interest expense to non-GAAP interest expense.                                                                                                                                            |
| (6)    Please see Table 7 for reconciliations of GAAP income tax expense (benefit) to non-GAAP income tax expense and an explanation of the calculation of the tax effects associated with the pre-tax items identified as non-GAAP exclusions. |
| (7)    Please see Table 1 for reconciliations of GAAP net (loss) income to non-GAAP net income.                                                                                                                                                 |
| (8)    Please see Note A in the Notes to Consolidated GAAP Income Statements for reconciliations of GAAP diluted net (loss) income per common share to non-GAAP net income per common share.                                                    |
| (9)    Please see Table 8 for reconciliations of GAAP depreciation and amortization expense to non-GAAP depreciation and amortization expense.                                                                                                  |

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|                                                                                                                                                                                                                |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                                                |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Table 1 - Reconciliation of GAAP net (loss) income to non-GAAP net income                                                                                                                                      |   |   |   |   |   |   |   |   |
|                                                                                                                                                                                                           |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                                                                           |   | Quarter Ended |   |   |   | Year Ended |   |   |
|                                                                                                                                                                                                           |   | 2/2/14 |   | 2/3/13 |   |   |   | 2/2/14 |   | 2/3/13 |   |   |
|                                                                                                                                                                                                           |   |   |   |   |   |   |   |   |   |   |   |   |
| Net (loss) income attributable to PVH Corp.                                                                                                                                                                    |   | $ | (37,461 | ) |   | $ | 80,748 |  |   |   |   | $ | 143,537 |  |   | $ | 433,840 |  |   |   |
|                                                                                                                                                                                                           |   |   |   |   |   |   |   |   |   |   |   |   |
| Diluted net (loss) income per common share attributable to PVH Corp.(1)                                                                                                                                        |   | $ | (0.46 | ) |   | $ | 1.09 |  |   |   |   | $ | 1.74 |  |   | $ | 5.87 |  |   |   |
|                                                                                                                                                                                                           |   |   |   |   |   |   |   |   |   |   |   |   |
| Items excluded:                                                                                                                                                                                                |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                                                                           |   |   |   |   |   |   |   |   |   |   |   |   |
| Gross profit associated with Warnaco acquisition (including short-lived non-cash inventory valuation adjustments)                                                                                              |   | 8,739 |  |   |  |   |   |   | 85,585 |  |   |   |   |   |
|                                                                                                                                                                                                           |   |   |   |   |   |   |   |   |   |   |   |   |
| Actuarial (gains) losses on retirement plans (recorded in SG&A)                                                                                                                                            |   | (52,539 | ) |   | 28,142 |  |   |   |   | (52,539 | ) |   | 28,142 |  |   |   |
|                                                                                                                                                                                                           |   |   |   |   |   |   |   |   |   |   |   |   |
| SG&A expenses associated with acquisition and integration of Warnaco and related restructuring                                                                                                             |   | 86,858 |  |   | 36,167 |  |   |   |   | 300,722 |  |   | 42,579 |  |   |   |
|                                                                                                                                                                                                           |   |   |   |   |   |   |   |   |   |   |   |   |
| Loss recorded on the sale of Bass (recorded in SG&A)                                                                                                                                                       |   | 775 |  |   |  |   |   |   | 20,228 |  |   |  |   |   |
|                                                                                                                                                                                                           |   |   |   |   |   |   |   |   |   |   |   |   |
|  SG&A impact of the amendment of an unfavorable contract                                                                                                                                              |   |  |   |   |   |   |   | (24,309 | ) |   |   |   |   |
|                                                                                                                                                                                                           |   |   |   |   |   |   |   |   |   |   |   |   |
| SG&A expenses associated with Tommy Hilfiger integration and related restructuring                                                                                                                         |   |  |   | 6,107 |  |   |   |   |  |   | 20,525 |  |   |   |
|                                                                                                                                                                                                           |   |   |   |   |   |   |   |   |   |   |   |   |
| Depreciation and amortization related to Warnaco acquisition (principally non-cash valuation amortization recorded in SG&A)                                                                                |   | 2,974 |  |   |   |   |   |   | 83,383 |  |   |   |   |   |
|                                                                                                                                                                                                           |   |   |   |   |   |   |   |   |   |   |   |   |
| Debt modification and extinguishment costs                                                                                                                                                                     |   |  |   |  |   |   |   | 40,395 |  |   |   |   |   |
|                                                                                                                                                                                                           |   |   |   |   |   |   |   |   |   |   |   |   |
| Interest expense incurred prior to the Warnaco acquisition closing date associated with $700M of senior notes                                                                                                  |   |  |   | 3,656 |  |   |   |   | 840 |  |   | 3,656 |  |   |   |
|                                                                                                                                                                                                           |   |   |   |   |   |   |   |   |   |   |   |   |
| Tax effect of the items above(2)                                                                                                                                                                               |   | (14,981 | ) |   | (26,835 | ) |   |   |   | (142,000 | ) |   | (28,431 | ) |   |   |
|                                                                                                                                                                                                           |   |   |   |   |   |   |   |   |   |   |   |   |
| Discrete tax items related to the Warnaco integration                                                                                                                                                          |   | 4,647 |  |   |  |  |   |   |   | 5,151 |  |   |  |  |   |   |
|                                                                                                                                                                                                           |   |   |   |   |   |   |   |   |   |   |   |   |
| Discrete tax item related to an increase to the Company’s previously-established liability for an uncertain tax position related to European and U.S. transfer pricing arrangements                      |   | 120,000 |  |   |   |   |   |   | 120,000 |  |   |   |   |   |
|                                                                                                                                                                                                           |   |   |   |   |   |   |   |   |   |   |   |   |
| Tax benefit resulting from recognition of previously unrecognized net operating loss assets and tax credits                                                                                                    |   |   |   | (9,451 | ) |   |   |   |   |   | (13,951 | ) |   |   |
|                                                                                                                                                                                                           |   |   |   |   |   |   |   |   |   |   |   |   |
| Non-GAAP net income attributable to PVH Corp.                                                                                                                                                                  |   | $ | 119,012 |  |   | $ | 118,534 |  |   |   |   | $ | 580,993 |  |   | $ | 486,360 |  |   |   |
|                                                                                                                                                                                                           |   |   |   |   |   |   |   |   |   |   |   |   |
| Non-GAAP diluted net income per common share attributable to PVH Corp.(1)                                                                                                                                      |   | $ | 1.43 |  |   | $ | 1.60 |  |   |   |   | $ | 7.03 |  |   | $ | 6.58 |  |   |   |
|                                                                                                                                                                                                           |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                                                                           |   |   |   |   |   |   |   |   |   |   |   |   |
| (1)   Please see Note A in the Notes to the Consolidated GAAP Income Statements for reconciliations of GAAP diluted net (loss) income per common share to non-GAAP net income per common share. |
| (2)   Please see Table 7 for an explanation of the calculation of the tax effects of the above items.                                                                                           |

----

|                                                                                                                                                |
|------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                |  |  |  |  |  |  |
| Table 2 - Reconciliation of GAAP revenue to non-GAAP revenue                                                                                   |   |   |   |   |
|                                                                                                                                           |   |   |   |   |
|                                                                                                                                           |   | Year Ended |   |   |
|                                                                                                                                           |   | 2/2/14 |   |   |
|                                                                                                                                           |   |   |   |   |
| Revenue                                                                                                                                        |   | $ | 8,186,351 |  |   |   |
|                                                                                                                                           |   |   |   |   |
| Items excluded:                                                                                                                                |   |   |   |   |
|                                                                                                                                           |   |   |   |   |
| Revenue reduction due to sales returns for certain Warnaco wholesale customers in connection with initiative to reduce excess inventory levels |   | 30,000 |  |   |   |
|                                                                                                                                           |   |   |   |   |
| Non-GAAP revenue                                                                                                                               |   | $ | 8,216,351 |  |   |   |
|                                                                                                                                           |   |   |   |   |

|                                                                                                                                 |
|---------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Table 3 - Reconciliation of GAAP earnings before interest and taxes to non-GAAP earnings before interest and taxes              |   |   |
|                                                                                                                            |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                            |   | Quarter Ended |   |   |   | Year Ended |   |   |
|                                                                                                                            |   | 2/2/14 |   | 2/3/13 |   |   |   | 2/2/14 |   | 2/3/13 |   |   |
|                                                                                                                            |   |   |   |   |   |   |   |   |   |   |   |   |
| Earnings before interest and taxes                                                                                              |   | $ | 160,004 |  |   | $ | 109,888 |  |   |   |   | $ | 513,462 |  |   | $ | 660,362 |  |   |   |
|                                                                                                                            |   |   |   |   |   |   |   |   |   |   |   |   |
| Items excluded:                                                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                            |   |   |   |   |   |   |   |   |   |   |   |   |
| Gross profit associated with Warnaco acquisition (including short-lived non-cash inventory valuation adjustments)               |   | 8,739 |  |   |  |   |   |   | 85,585 |  |   |  |   |   |
|                                                                                                                            |   |   |   |   |   |   |   |   |   |   |   |   |
| Actuarial (gains) losses on retirement plans (recorded in SG&A)                                                             |   | (52,539 | ) |   | 28,142 |  |   |   |   | (52,539 | ) |   | 28,142 |  |   |   |
|                                                                                                                            |   |   |   |   |   |   |   |   |   |   |   |   |
| SG&A expenses associated with acquisition and integration of Warnaco and related restructuring                              |   | 86,858 |  |   | 36,167 |  |   |   |   | 300,722 |  |   | 42,579 |  |   |   |
|                                                                                                                            |   |   |   |   |   |   |   |   |   |   |   |   |
| Loss recorded on the sale of Bass (recorded in SG&A)                                                                        |   | 775 |  |   |   |   |   |   | 20,228 |  |   |   |   |   |
|                                                                                                                            |   |   |   |   |   |   |   |   |   |   |   |   |
| SG&A impact of the amendment of an unfavorable contract                                                                     |   |  |   |   |   |   |   | (24,309 | ) |   |   |   |   |
|                                                                                                                            |   |   |   |   |   |   |   |   |   |   |   |   |
| SG&A expenses associated with Tommy Hilfiger integration and related restructuring                                          |   |  |   | 6,107 |  |   |   |   |  |   | 20,525 |  |   |   |
|                                                                                                                            |   |   |   |   |   |   |   |   |   |   |   |   |
| Depreciation and amortization related to Warnaco acquisition (principally non-cash valuation amortization recorded in SG&A) |   | 2,974 |  |   |  |   |   |   | 83,383 |  |   |  |   |   |
|                                                                                                                            |   |   |   |   |   |   |   |   |   |   |   |   |
| Debt modification and extinguishment costs                                                                                      |   |  |   |  |   |   |   | 40,395 |  |   |  |   |   |
|                                                                                                                            |   |   |   |   |   |   |   |   |   |   |   |   |
| Non-GAAP earnings before interest and taxes                                                                                     |   | $ | 206,811 |  |   | $ | 180,304 |  |   |   |   | $ | 966,927 |  |   | $ | 751,608 |  |   |   |
|                                                                                                                            |   |   |   |   |   |   |   |   |   |   |   |   |

----

|                                                                                                                   |
|-------------------------------------------------------------------------------------------------------------------|
|                                                                                                                   |  |  |  |  |  |  |  |  |  |  |  |  |
| Table 4 - Reconciliation of GAAP gross profit to non-GAAP gross profit                                            |   |   |   |   |   |   |   |   |
|                                                                                                              |   |   |   |   |   |   |   |   |
|                                                                                                              |   | Quarter Ended |   |   |   | Year Ended |   |   |
|                                                                                                              |   | 2/2/14 |   |   |   | 2/2/14 |   |   |
|                                                                                                              |   |   |   |   |   |   |   |   |
| Gross profit                                                                                                      |   | $ | 1,069,543 |  |   |   |   | $ | 4,219,270 |  |   |   |
|                                                                                                              |   |   |   |   |   |   |   |   |
| Items excluded:                                                                                                   |   |   |   |   |   |   |   |   |
|                                                                                                              |   |   |   |   |   |   |   |   |
| Gross profit associated with Warnaco acquisition (including short-lived non-cash inventory valuation adjustments) |   | 8,739 |  |   |   |   | 85,585 |  |   |   |
|                                                                                                              |   |   |   |   |   |   |   |   |
| Non-GAAP gross profit                                                                                             |   | $ | 1,078,282 |  |   |   |   | $ | 4,304,855 |  |   |   |
|                                                                                                              |   |   |   |   |   |   |   |   |

|                                                                                                                                 |
|---------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Table 5 - Reconciliation of GAAP SG&A to non-GAAP SG&A                                                                  |   |   |
|                                                                                                                            |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                            |   | Quarter Ended |   |   |   | Year Ended |   |   |
|                                                                                                                            |   | 2/2/14 |   | 2/3/13 |   |   |   | 2/2/14 |   | 2/3/13 |   |   |
|                                                                                                                            |   |   |   |   |   |   |   |   |   |   |   |   |
| SG&A                                                                                                                        |   | $ | 909,539 |  |   | $ | 771,172 |  |   |   |   | $ | 3,673,469 |  |   | $ | 2,594,315 |  |   |   |
|                                                                                                                            |   |   |   |   |   |   |   |   |   |   |   |   |
| Items excluded:                                                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                            |   |   |   |   |   |   |   |   |   |   |   |   |
| Actuarial gains (losses) on retirement plans (recorded in SG&A)                                                             |   | 52,539 |  |   | (28,142 | ) |   |   |   | 52,539 |  |   | (28,142 | ) |   |   |
|                                                                                                                            |   |   |   |   |   |   |   |   |   |   |   |   |
| SG&A expenses associated with acquisition and integration of Warnaco and related restructuring                              |   | (86,858 | ) |   | (36,167 | ) |   |   |   | (300,722 | ) |   | (42,579 | ) |   |   |
|                                                                                                                            |   |   |   |   |   |   |   |   |   |   |   |   |
| Loss recorded on the sale of Bass (recorded in SG&A)                                                                        |   | (775 | ) |   |   |   |   |   | (20,228 | ) |   |   |   |   |
|                                                                                                                            |   |   |   |   |   |   |   |   |   |   |   |   |
|  SG&A impact of the amendment of an unfavorable  contract                                                         |   |  |   |   |   |   |   | 24,309 |  |   |   |   |   |
|                                                                                                                            |   |   |   |   |   |   |   |   |   |   |   |   |
| SG&A expenses associated with Tommy Hilfiger integration and related restructuring                                          |   |  |  |   | (6,107 | ) |   |   |   |  |  |   | (20,525 | ) |   |   |
|                                                                                                                            |   |   |   |   |   |   |   |   |   |   |   |   |
| Depreciation and amortization related to Warnaco acquisition (principally non-cash valuation amortization recorded in SG&A) |   | (2,974 | ) |   |   |   |   |   | (83,383 | ) |   |   |   |   |
|                                                                                                                            |   |   |   |   |   |   |   |   |   |   |   |   |
| Non-GAAP SG&A                                                                                                               |   | $ | 871,471 |  |   | $ | 700,756 |  |   |   |   | $ | 3,345,984 |  |   | $ | 2,503,069 |  |   |   |
|                                                                                                                            |   |   |   |   |   |   |   |   |   |   |   |   |

----

|                                                                                                               |
|---------------------------------------------------------------------------------------------------------------|
|                                                                                                               |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Table 6 - Reconciliation of GAAP net interest expense to non-GAAP net interest expense                        |   |   |   |   |
|                                                                                                          |   |   |   |   |   |   |   |   |   |   |
|                                                                                                          |   | Quarter Ended |   |   |   | Year Ended |   |   |
|                                                                                                          |   | 2/3/13 |   |   |   | 2/2/14 |   | 2/3/13 |   |   |
|                                                                                                          |   |   |   |   |   |   |   |   |   |   |
| Interest expense, net                                                                                         |   | $ | 31,367 |  |   |   |   | $ | 184,696 |  |   | $ | 117,250 |  |   |   |
|                                                                                                          |   |   |   |   |   |   |   |   |   |   |
| Items excluded:                                                                                               |   |   |   |   |   |   |   |   |   |   |
|                                                                                                          |   |   |   |   |   |   |   |   |   |   |
| Interest expense incurred prior to the Warnaco acquisition closing date associated with $700M of senior notes |   | (3,656 | ) |   |   |   | (840 | ) |   | (3,656 | ) |   |   |
|                                                                                                          |   |   |   |   |   |   |   |   |   |   |
| Non-GAAP interest expense, net                                                                                |   | $ | 27,711 |  |   |   |   | $ | 183,856 |  |   | $ | 113,594 |  |   |   |
|                                                                                                          |   |   |   |   |   |   |   |   |   |   |

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Table 7 - Reconciliation of GAAP income tax expense (benefit) to non-GAAP income tax expense                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   | Quarter Ended |   |   |   | Year Ended |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   | 2/2/14 |   | 2/3/13 |   |   |   | 2/2/14 |   | 2/3/13 |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |
| Income tax expense (benefit)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |   | $ | 152,168 |  |   | $ | (2,227 | ) |   |   |   | $ | 185,284 |  |   | $ | 109,272 |  |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |
| Items excluded:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |
| Income tax effects of pre-tax items identified as non-GAAP exclusions (1)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   | 14,981 |  |   | 26,835 |  |   |   |   | 142,000 |  |   | 28,431 |  |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |
| Discrete tax items related to the Warnaco integration                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   | (4,647 | ) |   |  |   |   |   | (5,151 | ) |   |  |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |
| Discrete tax item related to an increase to the Company’s previously-established liability for an uncertain tax position related to European and U.S. transfer pricing arrangements                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   | (120,000 | ) |   |   |   |   |   | (120,000 | ) |   |   |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |
| Tax benefit resulting from recognition of previously unrecognized net operating loss assets and tax credits                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |   |   | 9,451 |  |   |   |   |   |   | 13,951 |  |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |
| Non-GAAP income tax expense                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   | $ | 42,502 |  |   | $ | 34,059 |  |   |   |   | $ | 202,133 |  |   | $ | 151,654 |  |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |
| (1)  The estimated tax effects of the Company’s non-GAAP exclusions are based on the Company’s assessment of taxability and deductibility. In making this assessment, the Company evaluated each pre-tax item that it has identified as a non-GAAP exclusion to determine if such item is taxable or tax deductible, and if so, in what jurisdiction the tax expense or tax deduction would occur. All of the Company’s pre-tax items identified as non-GAAP exclusions were assumed to be either primarily taxable or tax deductible, with the tax effect taken at the statutory income tax rate of the local jurisdiction, or as non-taxable or non-deductible, in which case the Company assumed no tax effect. |

----

|                                                                                                                                             |
|---------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                             |  |  |  |  |  |  |  |  |  |  |  |  |
| Table 8 - Reconciliation of GAAP depreciation and amortization to non-GAAP depreciation and amortization                                    |   |   |
|                                                                                                                                        |   |   |   |   |   |   |   |   |
|                                                                                                                                        |   | Quarter Ended |   |   |   | Year Ended |   |   |
|                                                                                                                                        |   | 2/2/14 |   |   |   | 2/2/14 |   |   |
|                                                                                                                                        |   |   |   |   |   |   |   |   |
| Depreciation and amortization                                                                                                               |   | $ | 70,494 |  |   |   |   | $ | 313,594 |  |   |   |
|                                                                                                                                        |   |   |   |   |   |   |   |   |
| Items excluded:                                                                                                                             |   |   |   |   |   |   |   |   |
|                                                                                                                                        |   |   |   |   |   |   |   |   |
| Depreciation and amortization related to Warnaco acquisition (principally short-lived non-cash valuation amortization recorded in SG&A) |   | (2,974 | ) |   |   |   | (83,383 | ) |   |   |
|                                                                                                                                        |   |   |   |   |   |   |   |   |
| Non-GAAP depreciation and amortization                                                                                                      |   | $ | 67,520 |  |   |   |   | $ | 230,211 |  |   |   |
|                                                                                                                                        |   |   |   |   |   |   |   |   |

----

|                                                                           |
|---------------------------------------------------------------------------|
|                                                                           |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                                      |   | Quarter Ended |   |   |   | Quarter Ended |
|                                                                      |   | 2/2/14 |   |   |   | 2/3/13 |
|                                                                      |   | GAAP |   |   |   | Non-GAAP |   |   |   | GAAP |   |   |   | Non-GAAP |   |
|                                                                      |   | Results |   | Adjustments |   | Results |   |   |   | Results |   | Adjustments |   | Results |   |
|                                                                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net (loss) income attributable to PVH Corp.                               |   | $ | (37,461 | ) |   | $ | (156,473 | ) | (1)  | $ | 119,012 |  |   |   |   | $ | 80,748 |  |   | $ | (37,786 | ) | (2)  | $ | 118,534 |  |   |
|                                                                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Weighted average common shares                                            |   | 81,838 |  |   |   |   | 81,838 |  |   |   |   | 72,040 |  |   |   |   | 72,040 |  |   |
| Weighted average dilutive securities                                      |   |  |   | 1,128 |  |   | 1,128 |  |   |   |   | 1,589 |  |   |   |   | 1,589 |  |   |
| Weighted average impact of assumed convertible preferred stock conversion |   |  |   |   |   |  |   |   |   | 684 |  |   |   |   | 684 |  |   |
| Total shares                                                              |   | 81,838 |  |   |   |   | 82,966 |  |   |   |   | 74,313 |  |   |   |   | 74,313 |  |   |
|                                                                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Diluted net (loss) income per common share attributable to PVH Corp.      |   | $ | (0.46 | ) |   |   |   | $ | 1.43 |  |   |   |   | $ | 1.09 |  |   |   |   | $ | 1.60 |  |   |
|                                                                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

|                                                                           |
|---------------------------------------------------------------------------|
|                                                                           |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                                      |   | Year Ended |   |   |   | Year Ended |   |
|                                                                      |   | 2/2/14 |   |   |   | 2/3/13 |   |
|                                                                      |   | GAAP |   |   |   | Non-GAAP |   |   |   | GAAP |   |   |   | Non-GAAP |   |
|                                                                      |   | Results |   | Adjustments |   | Results |   |   |   | Results |   | Adjustments |   | Results |   |
|                                                                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net income attributable to PVH Corp.                                      |   | $ | 143,537 |  |   | $ | (437,456 | ) | (1)  | $ | 580,993 |  |   |   |   | $ | 433,840 |  |   | $ | (52,520 | ) | (2)  | $ | 486,360 |  |   |
|                                                                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Weighted average common shares                                            |   | 81,167 |  |   |   |   | 81,167 |  |   |   |   | 70,392 |  |   |   |   | 70,392 |  |   |
| Weighted average dilutive securities                                      |   | 1,451 |  |   |  |  |   | 1,451 |  |   |   |   | 1,397 |  |   |   |   | 1,397 |  |   |
| Weighted average impact of assumed convertible preferred stock conversion |   |  |  |   |   |   |  |  |   |   |   | 2,087 |  |   |   |   | 2,087 |  |   |
| Total shares                                                              |   | 82,618 |  |   |   |   | 82,618 |  |   |   |   | 73,876 |  |   |   |   | 73,876 |  |   |
|                                                                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Diluted net income per common share attributable to PVH Corp.             |   | $ | 1.74 |  |   |   |   | $ | 7.03 |  |   |   |   | $ | 5.87 |  |   |   |   | $ | 6.58 |  |   |
|                                                                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

|           |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
|-----------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (1)  | Represents the impact on net (loss) income in the quarter and year ended February 2, 2014 from the elimination of (i) the expenses associated with the Company’s acquisition and integration of Warnaco and the related restructuring; (ii) the loss incurred in connection with the sale of substantially all of the assets of the Company’s Bass business, including related costs; (iii) the income due to the amendment of an unfavorable contract, which resulted in the reduction of a liability recorded at the time of the Tommy Hilfiger acquisition; (iv) the costs incurred in connection with the Company’s debt modification and extinguishment; (v) the interest expense incurred prior to the Warnaco acquisition closing date related to the $700 million of senior notes issued in 2012; (vi) the recognized actuarial gain on retirement plans; (vii) the tax effects associated with the foregoing items; (viii) non-recurring discrete tax items related to the Warnaco integration; and (ix) a non-recurring discrete tax item attributable to an increase to the Company’s previously-established liability for an uncertain tax position related to European and U.S. transfer pricing arrangements. Please see Table 1 for a reconciliation of GAAP net (loss) income to non-GAAP net income. Adjustments to weighted average dilutive securities for the quarter ended February 2, 2014 represent the dilutive impacts of securities included in the non-GAAP earnings per share calculations. Such amounts are not included in the GAAP earnings per share calculation for the quarter ended February 2, 2014 because there are GAAP net losses attributable to PVH Corp., and, as such, the inclusion of these securities would have been antidilutive. |

----

|                                                                                 |
|---------------------------------------------------------------------------------|
|                                                                                 |  |  |  |  |  |  |  |
|                                                                            | 2/2/14 |   | 2/3/13 |
| ASSETS                                                                          |   |   |   |
| Current Assets:                                                                 |   |   |   |
| Cash and Cash Equivalents                                                       | $ | 593,159 |  |   | $ | 892,209 |  |
| Receivables                                                                     | 761,133 |  |   | 441,324 |  |
| Inventories                                                                     | 1,280,958 |  |   | 878,415 |  |
| Other Current Assets                                                            | 363,342 |  |   | 225,058 |  |
| Total Current Assets                                                            | 2,998,592 |  |   | 2,437,006 |  |
| Property, Plant and Equipment                                                   | 712,078 |  |   | 561,335 |  |
| Goodwill and Other Intangible Assets                                            | 7,558,960 |  |   | 4,539,892 |  |
| Other Assets                                                                    | 377,983 |  |   | 243,316 |  |
|                                                                            | $ | 11,647,613 |  |   | $ | 7,781,549 |  |
|                                                                            |   |   |   |
| LIABILITIES, REDEEMABLE NON-CONTROLLING INTEREST AND STOCKHOLDERS’ EQUITY |   |   |   |
| Accounts Payable and Accrued Expenses                                           | $ | 1,460,601 |  |   | $ | 1,063,600 |  |
| Short-Term Borrowings                                                           | 6,796 |  |   | 10,847 |  |
| Current Portion of Long-Term Debt                                               | 85,000 |  |   | 88,000 |  |
| Other Liabilities                                                               | 1,876,216 |  |   | 1,154,891 |  |
| Long-Term Debt                                                                  | 3,878,221 |  |   | 2,211,642 |  |
| Redeemable Non-Controlling Interest                                             | 5,600 |  |   |  |  |
| Stockholders’ Equity                                                      | 4,335,179 |  |   | 3,252,569 |  |
|                                                                            | $ | 11,647,613 |  |   | $ | 7,781,549 |  |

----

|                               |
|-------------------------------|
|                               |  |  |  |  |  |  |  |  |  |  |  |
| PVH CORP.                     |   |   |   |   |   |   |   |
| Segment Data                  |   |   |   |   |   |   |   |
| (In thousands)                |   |   |   |   |   |   |   |
|                          |   |   |   |   |   |   |   |
| REVENUE BY SEGMENT            |   |   |   |   |   |   |   |
|                          |   | Quarter Ended |   |   |   | Quarter Ended |   |
|                          |   | 2/2/14 |   |   |   | 2/3/13 |   |
| Calvin Klein North America    |   |   |   |   |   |   |   |
| Net sales                     |   | $ | 307,296 |  |   |   |   | $ | 206,683 |  |   |
| Royalty revenue               |   | 27,801 |  |   |   |   | 34,788 |  |   |
| Advertising and other revenue |   | 10,104 |  |   |   |   | 12,540 |  |   |
| Total                         |   | 345,201 |  |   |   |   | 254,011 |  |   |
|                          |   |   |   |   |   |   |   |
| Calvin Klein International    |   |   |   |   |   |   |   |
| Net sales                     |   | 311,676 |  |   |   |   | 10,011 |  |   |
| Royalty revenue               |   | 22,646 |  |   |   |   | 38,974 |  |   |
| Advertising and other revenue |   | 8,897 |  |   |   |   | 14,373 |  |   |
| Total                         |   | 343,219 |  |   |   |   | 63,358 |  |   |
|                          |   |   |   |   |   |   |   |
| Total Calvin Klein            |   |   |   |   |   |   |   |
| Net sales                     |   | 618,972 |  |   |   |   | 216,694 |  |   |
| Royalty revenue               |   | 50,447 |  |   |   |   | 73,762 |  |   |
| Advertising and other revenue |   | 19,001 |  |   |   |   | 26,913 |  |   |
| Total                         |   | 688,420 |  |   |   |   | 317,369 |  |   |
|                          |   |   |   |   |   |   |   |
| Tommy Hilfiger North America  |   |   |   |   |   |   |   |
| Net sales                     |   | 399,437 |  |   |   |   | 399,594 |  |   |
| Royalty revenue               |   | 6,692 |  |   |   |   | 6,186 |  |   |
| Advertising and other revenue |   | 2,263 |  |   |   |   | 1,672 |  |   |
| Total                         |   | 408,392 |  |   |   |   | 407,452 |  |   |
|                          |   |   |   |   |   |   |   |
| Tommy Hilfiger International  |   |   |   |   |   |   |   |
| Net sales                     |   | 478,804 |  |   |   |   | 469,162 |  |   |
| Royalty revenue               |   | 13,650 |  |   |   |   | 13,246 |  |   |
| Advertising and other revenue |   | 1,083 |  |   |   |   | 1,245 |  |   |
| Total                         |   | 493,537 |  |   |   |   | 483,653 |  |   |
|                          |   |   |   |   |   |   |   |
| Total Tommy Hilfiger          |   |   |   |   |   |   |   |
| Net sales                     |   | 878,241 |  |   |   |   | 868,756 |  |   |
| Royalty revenue               |   | 20,342 |  |   |   |   | 19,432 |  |   |
| Advertising and other revenue |   | 3,346 |  |   |   |   | 2,917 |  |   |
| Total                         |   | 901,929 |  |   |   |   | 891,105 |  |   |
|                          |   |   |   |   |   |   |   |
| Heritage Brands Wholesale     |   |   |   |   |   |   |   |
| Net sales                     |   | 364,053 |  |   |   |   | 240,966 |  |   |
| Royalty revenue               |   | 4,337 |  |   |   |   | 3,854 |  |   |
| Advertising and other revenue |   | 698 |  |   |   |   | 1,117 |  |   |
| Total                         |   | 369,088 |  |   |   |   | 245,937 |  |   |
|                          |   |   |   |   |   |   |   |
| Heritage Brands Retail        |   |   |   |   |   |   |   |
| Net sales                     |   | 92,225 |  |   |   |   | 180,494 |  |   |
| Royalty revenue               |   | 480 |  |   |   |   | 1,054 |  |   |
| Advertising and other revenue |   | 77 |  |   |   |   | 241 |  |   |
| Total                         |   | 92,782 |  |   |   |   | 181,789 |  |   |
|                          |   |   |   |   |   |   |   |
| Total Heritage Brands         |   |   |   |   |   |   |   |
| Net sales                     |   | 456,278 |  |   |   |   | 421,460 |  |   |
| Royalty revenue               |   | 4,817 |  |   |   |   | 4,908 |  |   |
| Advertising and other revenue |   | 775 |  |   |   |   | 1,358 |  |   |
| Total                         |   | 461,870 |  |   |   |   | 427,726 |  |   |
|                          |   |   |   |   |   |   |   |
| Total Revenue                 |   |   |   |   |   |   |   |
| Net sales                     |   | 1,953,491 |  |   |   |   | 1,506,910 |  |   |
| Royalty revenue               |   | 75,606 |  |   |   |   | 98,102 |  |   |
| Advertising and other revenue |   | 23,122 |  |   |   |   | 31,188 |  |   |
| Total                         |   | $ | 2,052,219 |  |   |   |   | $ | 1,636,200 |  |   |
|                          |   |   |   |   |   |   |   |

----

|                                               |
|-----------------------------------------------|
|                                               |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| PVH CORP.                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Segment Data (continued)                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| (In thousands)                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| EARNINGS BEFORE INTEREST AND TAXES BY SEGMENT |   |   |   |   |
|                                          |   |   |   |   |   |   |   |
|                                          |   | Quarter Ended |   |   |   | Quarter Ended |   |
|                                          |   | 2/2/14 |   |   |   | 2/3/13 |   |
|                                          |   | Results |   |   |   |   |   |   |   | Results |   |   |   |   |   |
|                                          |   | Under |   |   |   | Non-GAAP |   |   |   | Under |   |   |   | Non-GAAP |   |
|                                          |   | GAAP |   | Adjustments(1) |   | Results |   |   |   | GAAP |   | Adjustments(2) |   | Results |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Calvin Klein North America                    |   | $ | 43,944 |  |   | $ | (8,460 | ) |   | $ | 52,404 |  |   |   |   | $ | 47,701 |  |   |  |  |   | $ | 47,701 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Calvin Klein International                    |   | (20,799 | ) |   | (54,633 | ) |   | 33,834 |  |   |   |   | 26,089 |  |   |  |   | 26,089 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total Calvin Klein                            |   | 23,145 |  |   | (63,093 | ) |   | 86,238 |  |   |   |   | 73,790 |  |   |  |  |   | 73,790 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Tommy Hilfiger North America                  |   | 54,930 |  |   |   |   | 54,930 |  |   |   |   | 52,491 |  |   |  |  |   | 52,491 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Tommy Hilfiger International                  |   | 62,589 |  |   |   |   | 62,589 |  |   |   |   | 43,636 |  |   | $ | (5,643 | ) |   | 49,279 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total Tommy Hilfiger                          |   | 117,519 |  |   |  |  |   | 117,519 |  |   |   |   | 96,127 |  |   | (5,643 | ) |   | 101,770 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Heritage Brands Wholesale                     |   | 23,336 |  |   | (6,852 | ) |   | 30,188 |  |   |   |   | 24,127 |  |   |   |   | 24,127 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Heritage Brands Retail                        |   | (2,076 | ) |   | (775 | ) |   | (1,301 | ) |   |   |   | 2,431 |  |   |   |   | 2,431 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total Heritage Brands                         |   | 21,260 |  |   | (7,627 | ) |   | 28,887 |  |   |   |   | 26,558 |  |   |   |   | 26,558 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Corporate                                     |   | (1,920 | ) |   | 23,913 |  |   | (25,833 | ) |   |   |   | (86,587 | ) |   | (64,773 | ) |   | (21,814 | ) |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total earnings before interest and taxes      |   | $ | 160,004 |  |   | $ | (46,807 | ) |   | $ | 206,811 |  |   |   |   | $ | 109,888 |  |   | $ | (70,416 | ) |   | $ | 180,304 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

|           |                                                                                                                                                                                                                                                                                                                                                                               |
|-----------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (1)  | Adjustments for the quarter ended February 2, 2014 represent the elimination of (i) the costs incurred in connection with the Company’s integration of Warnaco and the related restructuring; (ii) the costs incurred in connection with the sale of substantially all of the assets of its Bass business; and (iii) the recognized actuarial gain on retirement plans. |

|           |                                                                                                                                                                                                                                                                                                                                                                |
|-----------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (2)  | Adjustments for the quarter ended February 3, 2013 represent the elimination of (i) the costs incurred in connection with the Company’s acquisition of Warnaco; (ii) the costs incurred in connection with the Company’s integration of Tommy Hilfiger and the related restructuring; and (iii) the recognized actuarial loss on retirement plans. |

----

|                               |
|-------------------------------|
|                               |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| PVH CORP.                     |   |   |   |   |   |   |   |   |   |   |   |
| Segment Data (continued)      |   |   |   |   |   |   |   |   |   |   |   |
| (In thousands)                |   |   |   |   |   |   |   |   |   |   |   |
|                          |   |   |   |   |   |   |   |   |   |   |   |
| REVENUE BY SEGMENT            |   |   |   |   |   |   |   |   |   |   |   |
|                          |   | Year Ended |   |   |   | Year Ended |   |
|                          |   | 2/2/14 |   |   |   | 2/3/13 |   |
|                          |   | Results |   |   |   |   |   |   |   |   |   |
|                          |   | Under |   |   |   | Non-GAAP |   |   |   |   |   |
| Calvin Klein North America    |   | GAAP |   | Adjustments(1) |   | Results |   |   |   |   |   |
| Net sales                     |   | $ | 1,316,765 |  |   |   |   | $ | 1,316,765 |  |   |   |   | $ | 714,862 |  |   |
| Royalty revenue               |   | 113,924 |  |   |   |   | 113,924 |  |   |   |   | 136,957 |  |   |
| Advertising and other revenue |   | 41,888 |  |   |   |   | 41,888 |  |   |   |   | 55,300 |  |   |
| Total                         |   | 1,472,577 |  |   |   |   | 1,472,577 |  |   |   |   | 907,119 |  |   |
|                          |   |   |   |   |   |   |   |   |   |   |   |
| Calvin Klein International    |   |   |   |   |   |   |   |   |   |   |   |
| Net sales                     |   | 1,186,932 |  |   | $ | (30,000 | ) |   | 1,216,932 |  |   |   |   | 45,071 |  |   |
| Royalty revenue               |   | 76,756 |  |   |  |  |   | 76,756 |  |   |   |   | 140,412 |  |   |
| Advertising and other revenue |   | 30,295 |  |   |  |  |   | 30,295 |  |   |   |   | 57,764 |  |   |
| Total                         |   | 1,293,983 |  |   | (30,000 | ) |   | 1,323,983 |  |   |   |   | 243,247 |  |   |
|                          |   |   |   |   |   |   |   |   |   |   |   |
| Total Calvin Klein            |   |   |   |   |   |   |   |   |   |   |   |
| Net sales                     |   | 2,503,697 |  |   | (30,000 | ) |   | 2,533,697 |  |   |   |   | 759,933 |  |   |
| Royalty revenue               |   | 190,680 |  |   |  |  |   | 190,680 |  |   |   |   | 277,369 |  |   |
| Advertising and other revenue |   | 72,183 |  |   |  |  |   | 72,183 |  |   |   |   | 113,064 |  |   |
| Total                         |   | 2,766,560 |  |   | (30,000 | ) |   | 2,796,560 |  |   |   |   | 1,150,366 |  |   |
|                          |   |   |   |   |   |   |   |   |   |   |   |
| Tommy Hilfiger North America  |   |   |   |   |   |   |   |   |   |   |   |
| Net sales                     |   | 1,505,589 |  |   |   |   | 1,505,589 |  |   |   |   | 1,399,323 |  |   |
| Royalty revenue               |   | 27,599 |  |   |   |   | 27,599 |  |   |   |   | 22,364 |  |   |
| Advertising and other revenue |   | 9,015 |  |   |   |   | 9,015 |  |   |   |   | 8,073 |  |   |
| Total                         |   | 1,542,203 |  |   |   |   | 1,542,203 |  |   |   |   | 1,429,760 |  |   |
|                          |   |   |   |   |   |   |   |   |   |   |   |
| Tommy Hilfiger International  |   |   |   |   |   |   |   |   |   |   |   |
| Net sales                     |   | 1,834,793 |  |   |   |   | 1,834,793 |  |   |   |   | 1,732,228 |  |   |
| Royalty revenue               |   | 51,718 |  |   |   |   | 51,718 |  |   |   |   | 50,038 |  |   |
| Advertising and other revenue |   | 4,548 |  |   |   |   | 4,548 |  |   |   |   | 4,964 |  |   |
| Total                         |   | 1,891,059 |  |   |   |   | 1,891,059 |  |   |   |   | 1,787,230 |  |   |
|                          |   |   |   |   |   |   |   |   |   |   |   |
| Total Tommy Hilfiger          |   |   |   |   |   |   |   |   |   |   |   |
| Net sales                     |   | 3,340,382 |  |   |   |   | 3,340,382 |  |   |   |   | 3,131,551 |  |   |
| Royalty revenue               |   | 79,317 |  |   |   |   | 79,317 |  |   |   |   | 72,402 |  |   |
| Advertising and other revenue |   | 13,563 |  |   |   |   | 13,563 |  |   |   |   | 13,037 |  |   |
| Total                         |   | 3,433,262 |  |   |   |   | 3,433,262 |  |   |   |   | 3,216,990 |  |   |
|                          |   |   |   |   |   |   |   |   |   |   |   |
| Heritage Brands Wholesale     |   |   |   |   |   |   |   |   |   |   |   |
| Net sales                     |   | 1,420,287 |  |   |   |   | 1,420,287 |  |   |   |   | 991,781 |  |   |
| Royalty revenue               |   | 16,433 |  |   |   |   | 16,433 |  |   |   |   | 15,477 |  |   |
| Advertising and other revenue |   | 2,780 |  |   |   |   | 2,780 |  |   |   |   | 4,872 |  |   |
| Total                         |   | 1,439,500 |  |   |   |   | 1,439,500 |  |   |   |   | 1,012,130 |  |   |
|                          |   |   |   |   |   |   |   |   |   |   |   |
| Heritage Brands Retail        |   |   |   |   |   |   |   |   |   |   |   |
| Net sales                     |   | 541,774 |  |   |   |   | 541,774 |  |   |   |   | 657,556 |  |   |
| Royalty revenue               |   | 4,247 |  |   |   |   | 4,247 |  |   |   |   | 4,771 |  |   |
| Advertising and other revenue |   | 1,008 |  |   |   |   | 1,008 |  |   |   |   | 1,186 |  |   |
| Total                         |   | 547,029 |  |   |   |   | 547,029 |  |   |   |   | 663,513 |  |   |
|                          |   |   |   |   |   |   |   |   |   |   |   |
| Total Heritage Brands         |   |   |   |   |   |   |   |   |   |   |   |
| Net sales                     |   | 1,962,061 |  |   |   |   | 1,962,061 |  |   |   |   | 1,649,337 |  |   |
| Royalty revenue               |   | 20,680 |  |   |   |   | 20,680 |  |   |   |   | 20,248 |  |   |
| Advertising and other revenue |   | 3,788 |  |   |   |   | 3,788 |  |   |   |   | 6,058 |  |   |
| Total                         |   | 1,986,529 |  |   |   |   | 1,986,529 |  |   |   |   | 1,675,643 |  |   |
|                          |   |   |   |   |   |   |   |   |   |   |   |
| Total Revenue                 |   |   |   |   |   |   |   |   |   |   |   |
| Net sales                     |   | 7,806,140 |  |   | (30,000 | ) |   | 7,836,140 |  |   |   |   | 5,540,821 |  |   |
| Royalty revenue               |   | 290,677 |  |   |   |   | 290,677 |  |   |   |   | 370,019 |  |   |
| Advertising and other revenue |   | 89,534 |  |   |   |   | 89,534 |  |   |   |   | 132,159 |  |   |
| Total                         |   | $ | 8,186,351 |  |   | $ | (30,000 | ) |   | $ | 8,216,351 |  |   |   |   | $ | 6,042,999 |  |   |
|                          |   |   |   |   |   |   |   |   |   |   |   |

|           |                                                                                                                                                                                                                |
|-----------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (1)  | Adjustments for the year ended February 2, 2014 represent the elimination of sales returns for certain Warnaco wholesale customers in Asia in connection with an initiative to reduce excess inventory levels. |

----

|                                               |
|-----------------------------------------------|
|                                               |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| PVH CORP.                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Segment Data (continued)                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| (In thousands)                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| EARNINGS BEFORE INTEREST AND TAXES BY SEGMENT |   |   |   |   |
|                                          |   |   |   |   |   |   |   |
|                                          |   | Year Ended |   |   |   | Year Ended |   |
|                                          |   | 2/2/14 |   |   |   | 2/3/13 |   |
|                                          |   | Results |   |   |   |   |   |   |   | Results |   |   |   |   |   |
|                                          |   | Under |   |   |   | Non-GAAP |   |   |   | Under |   |   |   | Non-GAAP |   |
|                                          |   | GAAP |   | Adjustments(1) |   | Results |   |   |   | GAAP |   | Adjustments(2) |   | Results |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Calvin Klein North America                    |   | $ | 167,041 |  |   | $ | (87,703 | ) |   | $ | 254,744 |  |   |   |   | $ | 182,124 |  |   |   |   | $ | 182,124 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Calvin Klein International                    |   | (60,716 | ) |   | (237,500 | ) |   | 176,784 |  |   |   |   | 102,544 |  |   |   |   | 102,544 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total Calvin Klein                            |   | 106,325 |  |   | (325,203 | ) |   | 431,528 |  |   |   |   | 284,668 |  |   |   |   | 284,668 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Tommy Hilfiger North America                  |   | 242,473 |  |   | 12,000 |  |   | 230,473 |  |   |   |   | 200,121 |  |   | $ | (379 | ) |   | 200,500 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Tommy Hilfiger International                  |   | 260,570 |  |   | 12,309 |  |   | 248,261 |  |   |   |   | 220,812 |  |   | (15,441 | ) |   | 236,253 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total Tommy Hilfiger                          |   | 503,043 |  |   | 24,309 |  |   | 478,734 |  |   |   |   | 420,933 |  |   | (15,820 | ) |   | 436,753 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Heritage Brands Wholesale                     |   | 114,400 |  |   | (43,874 | ) |   | 158,274 |  |   |   |   | 101,087 |  |   |   |   | 101,087 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Heritage Brands Retail                        |   | (24,397 | ) |   | (20,228 | ) |   | (4,169 | ) |   |   |   | 13,498 |  |   |   |   | 13,498 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total Heritage Brands                         |   | 90,003 |  |   | (64,102 | ) |   | 154,105 |  |   |   |   | 114,585 |  |   |   |   | 114,585 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Corporate                                     |   | (185,909 | ) |   | (88,469 | ) |   | (97,440 | ) |   |   |   | (159,824 | ) |   | (75,426 | ) |   | (84,398 | ) |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total earnings before interest and taxes      |   | $ | 513,462 |  |   | $ | (453,465 | ) |   | $ | 966,927 |  |   |   |   | $ | 660,362 |  |   | $ | (91,246 | ) |   | $ | 751,608 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

|           |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
|-----------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (1)  | Adjustments for the year ended February 2, 2014 represent the elimination of (i) the costs incurred in connection with the Company’s acquisition and integration of Warnaco and the related restructuring; (ii) the loss incurred in connection with the sale of substantially all of the assets of the Company’s Bass business, including related costs; (iii) the income due to the amendment of an unfavorable contract, which resulted in the reduction of a liability recorded at the time of the Tommy Hilfiger acquisition; (iv) the costs incurred in connection with the Company’s debt modification and extinguishment; and (v) the recognized actuarial gain on retirement plans. |

|           |                                                                                                                                                                                                                                                                                                                                                             |
|-----------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (2)  | Adjustments for the year ended February 3, 2013 represent the elimination of (i) the costs incurred in connection with the Company’s acquisition of Warnaco; (ii) the costs incurred in connection with the Company’s integration of Tommy Hilfiger and the related restructuring; and (iii) the recognized actuarial loss on retirement plans. |

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|                                                 |
|-------------------------------------------------|
|                                                 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                            |   | Quarter Ended |   | Quarter Ended |
|                                            |   | 5/5/13 |   | 8/4/13 |
|                                            |   | As Originally Reported |   | Measurement Period Adjustments |   | As Retrospectively Adjusted |   | As Originally Reported |   | Measurement Period Adjustments |   | As Retrospectively Adjusted |
|                                            |   |   |   |   |   |   |   |   |   |   |   |   |
| Selling, general and administrative expenses(1) |   | $ | 907,008 |  |   | $ | (11,630 | ) |   | $ | 895,378 |  |   | $ | 953,468 |  |   | $ | (12,286 | ) |   | $ | 941,182 |  |
| Earnings before interest and taxes              |   | 6,785 |  |   | 11,630 |  |   | 18,415 |  |   | 73,433 |  |   | 12,286 |  |   | 85,719 |  |
| Income tax expense                              |   | (19,151 | ) |   | 1,894 |  |   | (17,257 | ) |   | 41,963 |  |   | 1,689 |  |   | 43,652 |  |
| Net income                                      |   | (20,052 | ) |   | 9,736 |  |   | (10,316 | ) |   | (15,996 | ) |   | 10,597 |  |   | (5,399 | ) |
| Diluted net income per common share             |   | (0.25 | ) |   | 0.12 |  |   | (0.13 | ) |   | (0.20 | ) |   | 0.13 |  |   | (0.07 | ) |

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|                                                                                                                   |
|-------------------------------------------------------------------------------------------------------------------|
|                                                                                                                   |  |  |  |  |  |  |  |  |
|                                                                                                              |   | 2014 Guidance |   | Previous 2013 Guidance |
| Net Income Per Common Share Reconciliations                                                                       |   | Full Year      2014(Estimated) |   | First Quarter2014(Estimated) |   | Full Year      2013(Estimated) |   | Fourth Quarter2013(Estimated) |
|                                                                                                              |   |   |   |   |   |   |   |   |
| GAAP net income per common share attributable to PVH Corp.                                                        |   | $5.67 - $5.77 |   | $0.28 - $0.33 |   | $2.56 |   | $0.85 |
| Estimated per common share impact of items identified as non-GAAP exclusions                                      |   | $1.73 |   | $1.17 |   | $4.44 |   | $0.55 |
| Net income per common share attributable to PVH Corp. excluding impact of items identified as non-GAAP exclusions |   | $7.40 -$7.50 |   | $1.45 - $1.50 |   | $7.00 |   | $1.40 |

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|                                                                      |
|----------------------------------------------------------------------|
|                                                                      |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                                 |   | First Quarter 2013 |
|                                                                 | (Actual) |
|                                                                 | Results Under GAAP |   | Adjustments |   | Non-GAAP Results |
|                                                                 |   |   |   |   |   |   |
| Net (loss) income attributable to PVH Corp.                          |   | $ | (10,316 | ) |   | $ | 165,952 |  | (1)  | $ | 155,636 |  |
| Total weighted average shares                                        |   | 79,970 |  |   |   |   | 81,656 |  |
|                                                                 |   |   |   |   |   |   |
| Diluted net (loss) income per common share attributable to PVH Corp. |   | $ | (0.13 | ) |   |   |   | $ | 1.91 |  |