|         |                                                                                                                                                                |
|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | First quarter revenue increased 16% (increased 10% on a constant currency basis) compared to the prior year period and exceeded guidance across all businesses |

|         |                                              |
|---------|----------------------------------------------|
| • | First quarter EPS exceeded guidance and was: |

|         |                                                          |
|---------|----------------------------------------------------------|
| ◦ | GAAP basis: $2.29 compared to guidance of $2.13 to $2.18 |

|         |                                                              |
|---------|--------------------------------------------------------------|
| ◦ | Non-GAAP basis: $2.36 compared to guidance of $2.20 to $2.25 |

|         |                                                                                                                            |
|---------|----------------------------------------------------------------------------------------------------------------------------|
| ◦ | EPS included a positive impact of $0.20 per share related to foreign currency translation, which was in line with guidance |

|         |                                                                             |
|---------|-----------------------------------------------------------------------------|
| • | Full year 2018 EPS outlook raised despite reduced foreign currency benefit: |

|         |                                                                     |
|---------|---------------------------------------------------------------------|
| ◦ | GAAP basis: Raised to $8.81 to $8.91 from $8.76 to $8.86 previously |

|         |                                                                         |
|---------|-------------------------------------------------------------------------|
| ◦ | Non-GAAP basis: Raised to $9.05 to $9.15 from $9.00 to $9.10 previously |

|         |                                                                                                                                             |
|---------|---------------------------------------------------------------------------------------------------------------------------------------------|
| ◦ | EPS outlook now includes a reduced positive impact of $0.12 per share related to foreign currency translation, compared to $0.35 previously |

----

----

----

----

----

----

----

----

|         |                                                                                                                                                                                                                                                                                              |
|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Pre-tax costs of approximately $25 million to be incurred in 2018 related to the TH China acquisition, consisting of noncash amortization of short-lived assets, of which $7 million was incurred in the first quarter and approximately $7 million is to be incurred in the second quarter. |

|         |                                                                                                                                                                                                                                                                  |
|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Pre-tax costs of $83 million incurred in the fourth quarter of 2017 in connection with an amendment to Mr. Tommy Hilfiger’s employment agreement pursuant to which the Company made a cash buyout of a portion of the future payments to Mr. Hilfiger. |

|         |                                                                                                                      |
|---------|----------------------------------------------------------------------------------------------------------------------|
| • | Pre-tax costs of $54 million incurred in the first quarter of 2017 in connection with the Li & Fung termination. |

|         |                                                                                                                                                                                                                                                                                                                                     |
|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Pre-tax costs of $28 million incurred in the fourth quarter of 2017 in connection with the Company’s redemption and issuance of senior notes, including $24 million related to the early redemption of the $700 million 4 1/2% senior notes and $4 million related to the issuance of €600 million 3 1/8% senior notes. |

|         |                                                                                                                                                                                                                                                                                                                                                              |
|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Pre-tax costs of $27 million incurred in 2017 related to the TH China acquisition, primarily consisting of noncash amortization of short-lived assets, of which $7 million was incurred in the first quarter, $7 million was incurred in the second quarter, $6 million was incurred in the third quarter and $7 million was incurred in the fourth quarter. |

|         |                                                                                                                                                                                                                                                                                                                          |
|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Pre-tax costs of $19 million incurred in 2017 in connection with the relocation of the Tommy Hilfiger office in New York, including noncash depreciation expense, of which $7 million was incurred in the first quarter, $7 million was incurred in the second quarter and $5 million was incurred in the third quarter. |

|         |                                                                                                                                                                                                                                                                                                                              |
|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Pre-tax costs of $9 million incurred in the first quarter of 2017 in connection with the noncash settlement of certain of the Company’s benefit obligations related to its retirement plans as a result of an annuity purchased for certain participants, under which such obligations were transferred to an insurer. |

|         |                                                                                                                                                                                                                                                                                                                                                                  |
|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Pre-tax net costs of $8 million incurred in 2017 in connection with the consolidation within the Company’s warehouse and distribution network in North America, of which $2 million of costs were incurred in the first quarter, $6 million of costs were incurred in the second quarter, $3 million of costs were incurred in the third quarter and a net |

----

|         |                                                                                                                                 |
|---------|---------------------------------------------------------------------------------------------------------------------------------|
| • | Pre-tax loss of $3 million recorded in the fourth quarter of 2017 related to the recognized actuarial loss on retirement plans. |

|         |                                                                                                                                                                                                                                  |
|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Discrete tax benefits of $23 million recorded in 2017 primarily related to the resolution of uncertain tax positions, of which $13 million was recorded in the third quarter and $10 million was recorded in the fourth quarter. |

|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Discrete net tax benefit of $53 million recorded in the fourth quarter of 2017 in connection with the Tax Legislation, consisting of a $265 million benefit primarily from the remeasurement of the Company’s net deferred tax liabilities, partially offset by a $38 million valuation allowance on the Company’s foreign tax credits and a $174 million transition tax on earnings of foreign subsidiaries deemed to be repatriated. |

|         |                                                                                                                                                                                                                                                                                           |
|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Discrete tax benefit of $15 million recorded in the fourth quarter of 2017 related to an excess tax benefit from the exercise of stock options by the Company’s Chief Executive Officer.                 |

|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | 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 had 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. |

----

----

----

----

----

----

----

----

|                                                                        |
|------------------------------------------------------------------------|
|                                                                        |  |  |  |  |  |  |  |  |  |  |
|                                                                   |   |   |   |   |   |   |
|                                                                   |   | Quarter Ended |   |   |
|                                                                   |   | 5/6/18 |   | 4/30/17 |   |   |
|                                                                   |   |   |   |   |   |   |
| Net sales                                                              |   | $ | 2,193.5 |  |   | $ | 1,875.0 |  |   |   |
| Royalty revenue                                                        |   | 89.4 |  |   | 87.3 |  |   |   |
| Advertising and other revenue                                          |   | 31.7 |  |   | 26.7 |  |   |   |
| Total revenue                                                          |   | $ | 2,314.6 |  |   | $ | 1,989.0 |  |   |   |
|                                                                   |   |   |   |   |   |   |
| Gross profit on net sales                                              |   | $ | 1,169.9 |  |   | $ | 966.8 |  |   |   |
| Gross profit on royalty, advertising and other revenue                 |   | 121.1 |  |   | 114.0 |  |   |   |
| Total gross profit                                                     |   | 1,291.0 |  |   | 1,080.8 |  |   |   |
|                                                                   |   |   |   |   |   |   |
| Selling, general and administrative expenses                           |   | 1,053.0 |  |   | 960.9 |  |   |   |
|                                                                   |   |   |   |   |   |   |
| Non-service related pension and postretirement (income) cost           |   | (2.5 | ) |   | 7.1 |  |   |   |
|                                                                   |   |   |   |   |   |   |
| Equity in net income of unconsolidated affiliates                      |   | 3.8 |  |   | 0.4 |  |   |   |
|                                                                   |   |   |   |   |   |   |
| Earnings before interest and taxes                                     |   | 244.3 |  |   | 113.2 |  |   |   |
|                                                                   |   |   |   |   |   |   |
| Interest expense, net                                                  |   | 28.4 |  |   | 28.7 |  |   |   |
|                                                                   |   |   |   |   |   |   |
| Pre-tax income                                                         |   | 215.9 |  |   | 84.5 |  |   |   |
|                                                                   |   |  |  |   |   |   |   |
| Income tax expense                                                     |   | 37.0 |  |   | 14.4 |  |   |   |
|                                                                   |   |   |   |   |   |   |
| Net income                                                             |   | 178.9 |  |   | 70.1 |  |   |   |
|                                                                   |   |   |   |   |   |   |
| Less: Net loss attributable to redeemable non-controlling interest (1) |   | (0.5 | ) |   | (0.3 | ) |   |   |
|                                                                   |   |   |   |   |   |   |
| Net income attributable to PVH Corp.                                   |   | $ | 179.4 |  |   | $ | 70.4 |  |   |   |
|                                                                   |   |   |   |   |   |   |
| Diluted net income per common share attributable to PVH Corp. (2)      |   | $ | 2.29 |  |   | $ | 0.89 |  |   |   |
|                                                                   |   |   |   |   |   |   |
|                                                                   |   | Quarter Ended |   |   |
|                                                                   |   | 5/6/18 |   | 4/30/17 |   |   |
|                                                                   |   |   |   |   |   |   |
| Depreciation and amortization expense                                  |   | $ | 83.2 |  |   | $ | 77.2 |  |   |   |
|                                                                   |   |   |   |   |   |

|           |                                                                                                           |
|-----------|-----------------------------------------------------------------------------------------------------------|
| (1)  | The Company and Arvind Limited have a joint venture in Ethiopia in which the Company owns a 75% interest. |

|           |                                                                                                                                                                                                   |
|-----------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (2)  | Please see Note A in the Notes to Consolidated GAAP Income Statements for reconciliations of GAAP diluted net income per common share to diluted net income per common share on a non-GAAP basis. |

----

|                                                                   |
|-------------------------------------------------------------------|
|                                                                   |  |  |  |  |  |  |  |  |  |  |
|                                                              |   | Quarter Ended |   |   |
|                                                              |   | 5/6/18 |   | 4/30/17 |   |   |
|                                                              |   |   |   |   |   |   |
| Non-GAAP Measures                                                 |   |   |   |   |   |   |
| Selling, general and administrative expenses (1)                  |   | $ | 1,046.1 |  |   | $ | 891.0 |  |   |   |
| Non-service related pension and postretirement income (2)         |   |   |   | (2.3 | ) |   |   |
| Earnings before interest and taxes (3)                            |   | 251.2 |  |   | 192.5 |  |   |   |
| Income tax expense (4)                                            |   | 38.5 |  |   | 33.9 |  |   |   |
| Net income attributable to PVH Corp. (5)                          |   | 184.8 |  |   | 130.2 |  |   |   |
| Diluted net income per common share attributable to PVH Corp. (6) |   | $ | 2.36 |  |   | $ | 1.65 |  |   |   |
|                                                              |   |   |   |   |   |   |
| Depreciation and amortization expense (7)                         |   | $ | 76.3 |  |   | $ | 66.4 |  |   |   |
|                                                              |   |   |   |

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

----

|                                                                                                                                                                                                                            |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                                                            |  |  |  |  |  |  |  |  |  |  |
| Table 1 - Reconciliations of GAAP net income to net income on a non-GAAP basis                                                                                                                                             |   |   |
|                                                                                                                                                                                                                       |   |   |   |   |   |   |
|                                                                                                                                                                                                                       |   | Quarter Ended |   |   |
|                                                                                                                                                                                                                       |   | 5/6/18 |   | 4/30/17 |   |   |
|                                                                                                                                                                                                                       |   |   |   |   |   |   |
| Net income attributable to PVH Corp.                                                                                                                                                                                       |   | $ | 179.4 |  |   | $ | 70.4 |  |   |   |
|                                                                                                                                                                                                                       |   |   |   |   |   |   |
| Diluted net income per common share attributable to PVH Corp.(1)                                                                                                                                                           |   | $ | 2.29 |  |   | $ | 0.89 |  |   |   |
|                                                                                                                                                                                                                       |   |   |   |   |   |   |
| Pre-tax items excluded:                                                                                                                                                                                                    |   |   |   |   |   |   |
|                                                                                                                                                                                                                       |   |   |   |   |   |   |
| SG&A expenses associated with the Li & Fung termination                                                                                                                                                            |   |  |   | 54.2 |  |   |   |
|                                                                                                                                                                                                                       |   |   |   |   |   |   |
| SG&A expenses associated with the relocation of the Tommy Hilfiger office in New York (including noncash depreciation expense)                                                                                         |   |  |   | 7.0 |  |   |   |
|                                                                                                                                                                                                                       |   |   |   |   |   |   |
| SG&A expenses associated with the TH China acquisition (primarily consisting of noncash amortization of short-lived assets)                                                                                            |   | 6.9 |  |   | 6.9 |  |   |   |
|                                                                                                                                                                                                                       |   |   |   |   |   |   |
| SG&A expenses associated with the consolidation within the Company’s warehouse and distribution network in North America                                                                                         |   |  |   | 1.8 |  |   |   |
|                                                                                                                                                                                                                       |   |   |   |   |   |   |
| Expenses associated with the noncash settlement of certain of the Company’s retirement plan benefit obligations (recorded in non-service related pension and postretirement (income) cost)                           |   |  |  |   | 9.4 |  |   |   |
|                                                                                                                                                                                                                       |   |   |   |   |   |   |
| Tax effects of the above pre-tax items(2)                                                                                                                                                                                  |   | (1.5 | ) |   | (19.5 | ) |   |   |
|                                                                                                                                                                                                                       |   |   |   |   |   |   |
| Net income on a non-GAAP basis attributable to PVH Corp.                                                                                                                                                                   |   | $ | 184.8 |  |   | $ | 130.2 |  |   |   |
|                                                                                                                                                                                                                       |   |   |   |   |   |   |
| Diluted net income per common share on a non-GAAP basis attributable to PVH Corp.(1)                                                                                                                                       |   | $ | 2.36 |  |   | $ | 1.65 |  |   |   |
|                                                                                                                                                                                                                       |   |   |   |   |   |   |
|                                                                                                                                                                                                                       |   |   |   |   |   |   |
| (1)   Please see Note A in the Notes to the Consolidated GAAP Income Statements for reconciliations of GAAP diluted net income per common share to diluted net income per common share on a non-GAAP basis. |
| (2)   Please see Table 5 for an explanation of the calculation of the tax effects of the above items.                                                                                                       |

|                                                                                                                                                                                                  |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                                  |  |  |  |  |  |  |  |  |  |  |
| Table 2 - Reconciliations of GAAP earnings before interest and taxes to earnings before interest and taxes on a non-GAAP basis                                                                   |
|                                                                                                                                                                                             |   |   |   |   |   |   |
|                                                                                                                                                                                             |   | Quarter Ended |   |   |
|                                                                                                                                                                                             |   | 5/6/18 |   | 4/30/17 |   |   |
|                                                                                                                                                                                             |   |   |   |   |   |   |
| Earnings before interest and taxes                                                                                                                                                               |   | $ | 244.3 |  |   | $ | 113.2 |  |   |   |
|                                                                                                                                                                                             |   |   |   |   |   |   |
| Items excluded:                                                                                                                                                                                  |   |   |   |   |   |   |
|                                                                                                                                                                                             |   |   |   |   |   |   |
| SG&A expenses associated with the Li & Fung termination                                                                                                                                  |   |  |   | 54.2 |  |   |   |
|                                                                                                                                                                                             |   |   |   |   |   |   |
| SG&A expenses associated with the relocation of the Tommy Hilfiger office in New York (including noncash depreciation expense)                                                               |   |  |   | 7.0 |  |   |   |
|                                                                                                                                                                                             |   |   |   |   |   |   |
| SG&A expenses associated with the TH China acquisition (primarily consisting of noncash amortization of short-lived assets)                                                                  |   | 6.9 |  |   | 6.9 |  |   |   |
|                                                                                                                                                                                             |   |   |   |   |   |   |
| SG&A expenses associated with the consolidation within the Company’s warehouse and distribution network in North America                                                               |   |  |  |   | 1.8 |  |   |   |
|                                                                                                                                                                                             |   |   |   |   |   |   |
| Expenses associated with the noncash settlement of certain of the Company’s retirement plan benefit obligations (recorded in non-service related pension and postretirement (income) cost) |   |  |   | 9.4 |  |   |   |
|                                                                                                                                                                                             |   |   |   |   |   |   |
| Earnings before interest and taxes on a non-GAAP basis                                                                                                                                           |   | $ | 251.2 |  |   | $ | 192.5 |  |   |   |
|                                                                                                                                                                                             |   |   |   |   |   |   |

----

|                                                                                                                           |
|---------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                           |  |  |  |  |  |  |  |  |  |  |
| Table 3 - Reconciliations of GAAP SG&A expenses to SG&A expenses on a non-GAAP basis                              |   |
|                                                                                                                      |   |   |   |   |   |   |
|                                                                                                                      |   | Quarter Ended |   |   |
|                                                                                                                      |   | 5/6/18 |   | 4/30/17 |   |   |
|                                                                                                                      |   |   |   |   |   |   |
| SG&A expenses                                                                                                         |   | $ | 1,053.0 |  |   | $ | 960.9 |  |   |   |
|                                                                                                                      |   |   |   |   |   |   |
| Items excluded:                                                                                                           |   |   |   |   |   |   |
|                                                                                                                      |   |   |   |   |   |   |
| Expenses associated with the Li & Fung termination                                                                    |   |  |   | (54.2 | ) |   |   |
|                                                                                                                      |   |   |   |   |   |   |
| Expenses associated with the relocation of the Tommy Hilfiger office in New York (including noncash depreciation expense) |   |  |   | (7.0 | ) |   |   |
|                                                                                                                      |   |   |   |   |   |   |
| Expenses associated with the TH China acquisition (primarily consisting of noncash amortization of short-lived assets)    |   | (6.9 | ) |   | (6.9 | ) |   |   |
|                                                                                                                      |   |   |   |   |   |   |
| Expenses associated with the consolidation within the Company’s warehouse and distribution network in North America |   |  |   | (1.8 | ) |   |   |
|                                                                                                                      |   |   |   |   |   |   |
| SG&A expenses on a non-GAAP basis                                                                                     |   | $ | 1,046.1 |  |   | $ | 891.0 |  |   |   |
|                                                                                                                           |   |   |   |   |   |   |

|                                                                                                                                                                   |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                   |  |  |  |  |  |  |
| Table 4 - Reconciliation of GAAP non-service related pension and postretirement cost to non-service related pension and postretirement income on a non-GAAP basis |
|                                                                                                                                                              |   |   |   |   |
|                                                                                                                                                              |   | Quarter Ended |   |   |
|                                                                                                                                                              |   | 4/30/17 |   |   |
|                                                                                                                                                              |   |   |   |   |
| Non-service related pension and postretirement cost                                                                                                               |   | $ | 7.1 |  |   |   |
|                                                                                                                                                              |   |   |   |   |
| Items excluded:                                                                                                                                                   |   |   |   |   |
|                                                                                                                                                              |   |   |   |   |
| Expenses associated with the noncash settlement of certain of the Company’s retirement plan benefit obligations                                             |   | (9.4 | ) |   |   |
|                                                                                                                                                              |   |   |   |   |
| Non-service related pension and postretirement income on a non-GAAP basis                                                                                         |   | $ | (2.3 | ) |   |   |
|                                                                                                                                                                   |   |   |   |   |

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |  |  |  |  |  |  |  |  |  |  |
| Table 5 - Reconciliations of GAAP income tax expense to income tax expense on a non-GAAP basis                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   |   |   |   |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   | Quarter Ended |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   | 5/6/18 |   | 4/30/17 |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   |   |   |   |   |   |
| Income tax expense                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   | $ | 37.0 |  |   | $ | 14.4 |  |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   |   |   |   |   |   |
| Items excluded:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |   |   |   |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   |   |   |   |   |   |
| Tax effects of pre-tax items identified as non-GAAP exclusions (1)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   | 1.5 |  |   | 19.5 |  |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   |   |   |   |   |   |
| Income tax expense on a non-GAAP basis                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   | $ | 38.5 |  |   | $ | 33.9 |  |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   |   |   |   |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   |   |   |   |   |   |
| (1)  The estimated tax effects associated with the Company’s exclusions on a non-GAAP basis are based on the Company’s assessment of deductibility. In making this assessment, the Company evaluated each pre-tax item that it had 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 of the pre-tax items identified as non-GAAP exclusions 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. |

----

|                                                                                                                                      |
|--------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                      |  |  |  |  |  |  |  |  |  |  |
| Table 6 - Reconciliations of GAAP depreciation and amortization expense to depreciation and amortization expense on a non-GAAP basis |   |
|                                                                                                                                 |   |   |   |   |   |   |
|                                                                                                                                 |   | Quarter Ended |   |   |
|                                                                                                                                 |   | 5/6/18 |   | 4/30/17 |   |   |
|                                                                                                                                 |   |   |   |   |   |   |
| Depreciation and amortization expense                                                                                                |   | $ | 83.2 |  |   | $ | 77.2 |  |   |   |
|                                                                                                                                 |   |   |   |   |   |   |
| Items excluded:                                                                                                                      |   |   |   |   |   |   |
|                                                                                                                                 |   |   |   |   |   |   |
| Amortization of short-lived assets associated with the TH China acquisition                                                          |   | (6.9 | ) |   | (6.3 | ) |   |   |
|                                                                                                                                 |   |   |   |   |   |   |
| Depreciation associated with the relocation of the Tommy Hilfiger office in New York                                                 |   |  |   | (4.5 | ) |   |   |
|                                                                                                                                 |   |   |   |   |   |   |
| Depreciation and amortization expense on a non-GAAP basis                                                                            |   | $ | 76.3 |  |   | $ | 66.4 |  |   |   |
|                                                                                                                                 |   |   |   |   |   |   |

----

|                                                               |
|---------------------------------------------------------------|
|                                                               |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                          |   | Quarter Ended |   |   |   | Quarter Ended |
|                                                          |   | 5/6/18 |   |   |   | 4/30/17 |
|                                                          |   | GAAP |   |   |   | Non-GAAP |   |   |   | GAAP |   |   |   | Non-GAAP |   |
|                                                          |   | Results |   | Adjustments | (1)  | Results |   |   |   | Results |   | Adjustments | (2)  | Results |   |
|                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net income attributable to PVH Corp.                          |   | $ | 179.4 |  |   | $ | (5.4 | ) |   | $ | 184.8 |  |   |   |   | $ | 70.4 |  |   | $ | (59.8 | ) |   | $ | 130.2 |  |   |
|                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Weighted average common shares                                |   | 77.1 |  |   |  |   | 77.1 |  |   |   |   | 78.2 |  |   |  |   | 78.2 |  |   |
| Weighted average dilutive securities                          |   | 1.1 |  |   |  |  |   | 1.1 |  |   |   |   | 0.8 |  |   |  |   | 0.8 |  |   |
| Total shares                                                  |   | 78.2 |  |   |   |   | 78.2 |  |   |   |   | 79.0 |  |   |   |   | 79.0 |  |   |
|                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Diluted net income per common share attributable to PVH Corp. |   | $ | 2.29 |  |   |   |   | $ | 2.36 |  |   |   |   | $ | 0.89 |  |   |   |   | $ | 1.65 |  |   |
|                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

|           |                                                                                                                                                                                                                                                                                                                                            |
|-----------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (1)  | Represents the impact on net income in the quarter ended May 6, 2018 from the elimination of the costs incurred related to the TH China acquisition, consisting of noncash amortization of short-lived assets, and the resulting tax effect. Please see Table 1 for a reconciliation of GAAP net income to net income on a non-GAAP basis. |

----

|                                                                                 |
|---------------------------------------------------------------------------------|
|                                                                                 |  |  |  |  |  |  |  |
|                                                                            | 5/6/18 |   | 4/30/17 |
| ASSETS                                                                          |   |   |   |
| Current Assets:                                                                 |   |   |   |
| Cash and Cash Equivalents                                                       | $ | 434.5 |  |   | $ | 490.9 |  |
| Receivables                                                                     | 812.3 |  |   | 712.5 |  |
| Inventories                                                                     | 1,524.9 |  |   | 1,253.8 |  |
| Other                                                                           | 269.9 |  |   | 198.0 |  |
| Total Current Assets                                                            | 3,041.6 |  |   | 2,655.2 |  |
| Property, Plant and Equipment                                                   | 873.5 |  |   | 751.6 |  |
| Goodwill and Other Intangible Assets                                            | 7,434.9 |  |   | 7,163.4 |  |
| Other Assets                                                                    | 364.6 |  |   | 342.1 |  |
|                                                                            | $ | 11,714.6 |  |   | $ | 10,912.3 |  |
|                                                                            |   |   |   |
| LIABILITIES, REDEEMABLE NON-CONTROLLING INTEREST AND STOCKHOLDERS’ EQUITY |
| Accounts Payable and Accrued Expenses                                           | $ | 1,472.6 |  |   | $ | 1,335.7 |  |
| Short-Term Borrowings                                                           | 254.5 |  |   | 42.5 |  |
| Current Portion of Long-Term Debt                                               | — |  |   | — |  |
| Other Liabilities                                                               | 1,408.2 |  |   | 1,498.6 |  |
| Long-Term Debt                                                                  | 3,013.2 |  |   | 3,157.1 |  |
| Redeemable Non-Controlling Interest                                             | 1.5 |  |   | 3.4 |  |
| Stockholders’ Equity                                                      | 5,564.6 |  |   | 4,875.0 |  |
|                                                                            | $ | 11,714.6 |  |   | $ | 10,912.3 |  |

----

|                               |
|-------------------------------|
|                               |  |  |  |  |  |  |  |  |  |  |  |
| PVH CORP.                     |   |   |   |   |   |   |   |
| Segment Data                  |   |   |   |   |   |   |   |
| (In millions)                 |   |   |   |   |   |   |   |
|                          |   |   |   |   |   |   |   |
| REVENUE BY SEGMENT            |   |   |   |   |   |   |   |
|                          |   | Quarter Ended |   |   |   | Quarter Ended |   |
|                          |   | 5/6/18 |   |   |   | 4/30/17 |   |
|                          |   |   |   |   |   |   |   |
| Calvin Klein North America    |   |   |   |   |   |   |   |
| Net sales                     |   | $ | 367.3 |  |   |   |   | $ | 330.1 |  |   |
| Royalty revenue               |   | 34.0 |  |   |   |   | 35.1 |  |   |
| Advertising and other revenue |   | 13.2 |  |   |   |   | 10.2 |  |   |
| Total                         |   | 414.5 |  |   |   |   | 375.4 |  |   |
|                          |   |   |   |   |   |   |   |
| Calvin Klein International    |   |   |   |   |   |   |   |
| Net sales                     |   | 448.8 |  |   |   |   | 354.8 |  |   |
| Royalty revenue               |   | 18.5 |  |   |   |   | 19.6 |  |   |
| Advertising and other revenue |   | 8.2 |  |   |   |   | 6.0 |  |   |
| Total                         |   | 475.5 |  |   |   |   | 380.4 |  |   |
|                          |   |   |   |   |   |   |   |
| Total Calvin Klein            |   |   |   |   |   |   |   |
| Net sales                     |   | 816.1 |  |   |   |   | 684.9 |  |   |
| Royalty revenue               |   | 52.5 |  |   |   |   | 54.7 |  |   |
| Advertising and other revenue |   | 21.4 |  |   |   |   | 16.2 |  |   |
| Total                         |   | 890.0 |  |   |   |   | 755.8 |  |   |
|                          |   |   |   |   |   |   |   |
| Tommy Hilfiger North America  |   |   |   |   |   |   |   |
| Net sales                     |   | 338.9 |  |   |   |   | 298.1 |  |   |
| Royalty revenue               |   | 18.4 |  |   |   |   | 16.5 |  |   |
| Advertising and other revenue |   | 3.9 |  |   |   |   | 3.9 |  |   |
| Total                         |   | 361.2 |  |   |   |   | 318.5 |  |   |
|                          |   |   |   |   |   |   |   |
| Tommy Hilfiger International  |   |   |   |   |   |   |   |
| Net sales                     |   | 637.2 |  |   |   |   | 507.8 |  |   |
| Royalty revenue               |   | 12.0 |  |   |   |   | 10.1 |  |   |
| Advertising and other revenue |   | 5.4 |  |   |   |   | 5.6 |  |   |
| Total                         |   | 654.6 |  |   |   |   | 523.5 |  |   |
|                          |   |   |   |   |   |   |   |
| Total Tommy Hilfiger          |   |   |   |   |   |   |   |
| Net sales                     |   | 976.1 |  |   |   |   | 805.9 |  |   |
| Royalty revenue               |   | 30.4 |  |   |   |   | 26.6 |  |   |
| Advertising and other revenue |   | 9.3 |  |   |   |   | 9.5 |  |   |
| Total                         |   | 1,015.8 |  |   |   |   | 842.0 |  |   |
|                          |   |   |   |   |   |   |   |
| Heritage Brands Wholesale     |   |   |   |   |   |   |   |
| Net sales                     |   | 340.8 |  |   |   |   | 326.8 |  |   |
| Royalty revenue               |   | 5.4 |  |   |   |   | 5.0 |  |   |
| Advertising and other revenue |   | 0.9 |  |   |   |   | 0.9 |  |   |
| Total                         |   | 347.1 |  |   |   |   | 332.7 |  |   |
|                          |   |   |   |   |   |   |   |
| Heritage Brands Retail        |   |   |   |   |   |   |   |
| Net sales                     |   | 60.5 |  |   |   |   | 57.4 |  |   |
| Royalty revenue               |   | 1.1 |  |   |   |   | 1.0 |  |   |
| Advertising and other revenue |   | 0.1 |  |   |   |   | 0.1 |  |   |
| Total                         |   | 61.7 |  |   |   |   | 58.5 |  |   |
|                          |   |   |   |   |   |   |   |
| Total Heritage Brands         |   |   |   |   |   |   |   |
| Net sales                     |   | 401.3 |  |   |   |   | 384.2 |  |   |
| Royalty revenue               |   | 6.5 |  |   |   |   | 6.0 |  |   |
| Advertising and other revenue |   | 1.0 |  |   |   |   | 1.0 |  |   |
| Total                         |   | 408.8 |  |   |   |   | 391.2 |  |   |
|                          |   |   |   |   |   |   |   |
| Total Revenue                 |   |   |   |   |   |   |   |
| Net sales                     |   | 2,193.5 |  |   |   |   | 1,875.0 |  |   |
| Royalty revenue               |   | 89.4 |  |   |   |   | 87.3 |  |   |
| Advertising and other revenue |   | 31.7 |  |   |   |   | 26.7 |  |   |
| Total                         |   | $ | 2,314.6 |  |   |   |   | $ | 1,989.0 |  |   |
|                          |   |   |   |   |   |   |   |

----

|                                               |
|-----------------------------------------------|
|                                               |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| PVH CORP.                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Segment Data (continued)                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| (In millions)                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| EARNINGS BEFORE INTEREST AND TAXES BY SEGMENT |   |   |   |   |
|                                          |   |   |   |   |   |   |   |
|                                          |   | Quarter Ended |   |   |   | Quarter Ended |   |
|                                          |   | 5/6/18 |   |   |   | 4/30/17 |   |
|                                          |   | Results |   |   |   |   |   |   |   | Results |   |   |   |   |   |
|                                          |   | Under |   |   |   | Non-GAAP |   |   |   | Under |   |   |   | Non-GAAP |   |
|                                          |   | GAAP |   | Adjustments(1) |   | Results |   |   |   | GAAP |   | Adjustments(2) |   | Results |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Calvin Klein North America                    |   | $ | 43.5 |  |   |  |  |   | $ | 43.5 |  |   |   |   | $ | 41.9 |  |   |  |  |   | $ | 41.9 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Calvin Klein International                    |   | 65.1 |  |   |  |  |   | 65.1 |  |   |   |   | 51.6 |  |   |  |  |   | 51.6 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total Calvin Klein                            |   | 108.6 |  |   |  |  |   | 108.6 |  |   |   |   | 93.5 |  |   |  |  |   | 93.5 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Tommy Hilfiger North America                  |   | 40.8 |  |   |  |  |   | 40.8 |  |   |   |   | (18.8 | ) |   | $ | (38.3 | ) |   | 19.5 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Tommy Hilfiger International                  |   | 91.2 |  |   | $ | (6.9 | ) |   | 98.1 |  |   |   |   | 52.1 |  |   | (29.8 | ) |   | 81.9 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total Tommy Hilfiger                          |   | 132.0 |  |   | (6.9 | ) |   | 138.9 |  |   |   |   | 33.3 |  |   | (68.1 | ) |   | 101.4 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Heritage Brands Wholesale                     |   | 39.8 |  |   |  |  |   | 39.8 |  |   |   |   | 30.3 |  |   |  |  |   | 30.3 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Heritage Brands Retail                        |   | 1.8 |  |   |  |  |   | 1.8 |  |   |   |   | 1.5 |  |   |  |  |   | 1.5 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total Heritage Brands                         |   | 41.6 |  |   |  |  |   | 41.6 |  |   |   |   | 31.8 |  |   |   |   | 31.8 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Corporate                                     |   | (37.9 | ) |   |  |  |   | (37.9 | ) |   |   |   | (45.4 | ) |   | (11.2 | ) |   | (34.2 | ) |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total earnings before interest and taxes      |   | $ | 244.3 |  |   | $ | (6.9 | ) |   | $ | 251.2 |  |   |   |   | $ | 113.2 |  |   | $ | (79.3 | ) |   | $ | 192.5 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

|           |                                                                                                                                                                                              |
|-----------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (1)  | Adjustment for the quarter ended May 6, 2018 represents the elimination of the costs incurred related to the TH China acquisition, consisting of noncash amortization of short-lived assets. |

|           |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|-----------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (2)  | Adjustments for the quarter ended April 30, 2017 represent the elimination of (i) the costs incurred related to the TH China acquisition, primarily consisting of noncash amortization of short-lived assets; (ii) the costs incurred in connection with the Li & Fung termination; (iii) the costs incurred in connection with the noncash settlement of certain of the Company’s benefit obligations related to its retirement plans as a result of an annuity purchased for certain participants, under which such obligations were transferred to an insurer; (iv) the costs incurred in connection with the relocation of the Tommy Hilfiger office in New York, including noncash depreciation expense; and (v) the costs incurred in connection with the consolidation within the Company’s warehouse and distribution network in North America. |

----

|                              |
|------------------------------|
|                              |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                         |   | GAAP Revenue |   | % Change |
|                         |   | Quarter Ended |   | GAAP |   | Positive Impact of Foreign Exchange |   | Constant Currency |
|                         |   | 5/6/18 |   | 4/30/17 |   |   |   |
|                         |   |   |   |   |   |   |   |   |   |   |
| Calvin Klein North America   |   | $ | 414.5 |  |   | $ | 375.4 |  |   | 10.4 | % |   | 0.5 | % |   | 9.9 | % |
| Calvin Klein International   |   | 475.5 |  |   | 380.4 |  |   | 25.0 | % |   | 10.7 | % |   | 14.3 | % |
| Total Calvin Klein           |   | 890.0 |  |   | 755.8 |  |   | 17.8 | % |   | 5.7 | % |   | 12.1 | % |
|                         |   |   |   |   |   |   |   |   |   |   |
| Tommy Hilfiger North America |   | $ | 361.2 |  |   | $ | 318.5 |  |   | 13.4 | % |   | 0.5 | % |   | 12.9 | % |
| Tommy Hilfiger International |   | 654.6 |  |   | 523.5 |  |   | 25.0 | % |   | 14.8 | % |   | 10.2 | % |
| Total Tommy Hilfiger         |   | 1,015.8 |  |   | 842.0 |  |   | 20.6 | % |   | 9.4 | % |   | 11.2 | % |
|                         |   |   |   |   |   |   |   |   |   |   |
| Total Revenue                |   | $ | 2,314.6 |  |   | $ | 1,989.0 |  |   | 16.4 | % |   | 6.2 | % |   | 10.2 | % |

----

|                                                                              |
|------------------------------------------------------------------------------|
|                                                                              |  |  |  |  |  |  |
| 2018 Net Income Per Common Share Reconciliations                             |  | Current Guidance |   | Previous Guidance |
|                                                                              | Full Year2018(Estimated) | Second Quarter2018(Estimated) |   | Full Year2018 (Estimated) | First Quarter2018(Estimated) |
|                                                                              |  |  |  |   |   |   |
| GAAP net income per common share attributable to PVH Corp.                   |  | $8.81 - $8.91 | $1.98 - $2.03 |   | $8.76 - $8.86 | $2.13 - $2.18 |
| Estimated per common share impact of item identified as a non-GAAP exclusion |  | $(0.24) | $(0.07) |   | $(0.24) | $(0.07) |
| Net income per common share attributable to PVH Corp. on a non-GAAP basis    |  | $9.05 - $9.15 | $2.05 - $2.10 |   | $9.00 - $9.10 | $ 2.20 - $2.25 |

----

|                                                                    |
|--------------------------------------------------------------------|
|                                                                    |  |  |  |  |  |  |  |  |
| 2018 Estimated Revenue on a Constant Currency Basis Reconciliation |
|                                                               |   | Full Year 2018 (Estimated) (Consolidated) | Full Year 2018 (Estimated) (Calvin Klein) | Full Year 2018 (Estimated) (Tommy Hilfiger) |   | Second Quarter 2018 (Estimated) (Consolidated) | Second Quarter 2018 (Estimated) (Calvin Klein) | Second Quarter 2018 (Estimated) (Tommy Hilfiger) |
|                                                               |   |   |   |   |   |   |   |   |
| GAAP revenue increase                                              |   | 6% | 8% | 7% |   | 10% | 15% | 13% |
| Positive impact of foreign exchange                                |   | 1% | 1% | 1% |   | 1% | 1% | 1% |
| Non-GAAP revenue increase on a constant currency basis             |   | 5% | 7% | 6% |   | 9% | 14% | 12% |

|                                                                                                                                               |
|-----------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                               |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Reconciliation of GAAP Diluted Net Income Per Common Share to Diluted Net Income Per Common Share on a Non-GAAP Basis(Net Income in millions) |
|                                                                                                                                          |   | Full Year 2017 |   | Second Quarter 2017 |
|                                                                                                                                          |   | (Actual) |   | (Actual) |
| (In millions, except per share data)                                                                                                          |   | Results Under GAAP |   | Adjustments | (1)  | Non-GAAP Results |   | Results Under GAAP |   | Adjustments | (2)  | Non-GAAP Results |
|                                                                                                                                          |   |   |   |   |   |   |   |   |   |   |   |   |
| Net income                                                                                                                                    |   | $ | 537.8 |  |   | $ | (86.6 | ) |   | $ | 624.4 |  |   | $ | 119.7 |  |   | $ | (13.4 | ) |   | $ | 133.1 |  |
| Total weighted average shares                                                                                                                 |   | 78.6 |  |   |   |   | 78.6 |  |   | 78.7 |  |   |   |   | 78.7 |  |
|                                                                                                                                          |   |   |   |   |   |   |   |   |   |   |   |   |
| Diluted net income per common share                                                                                                           |   | $ | 6.84 |  |   |   |   | $ | 7.94 |  |   | $ | 1.52 |  |   |   |   | $ | 1.69 |  |