|         |                                                                                                                                         |
|---------|-----------------------------------------------------------------------------------------------------------------------------------------|
| • | Second quarter revenue increased 1% (increased 3% on a constant currency basis) compared to the prior year period and exceeded guidance |

|         |                         |
|---------|-------------------------|
| • | Second quarter EPS was: |

|         |                                                          |
|---------|----------------------------------------------------------|
| ◦ | GAAP basis: $2.58 compared to guidance of $2.75 to $2.80 |

|         |                                                              |
|---------|--------------------------------------------------------------|
| ◦ | Non-GAAP basis: $2.10 compared to guidance of $1.85 to $1.90 |

|         |                                                                                                                  |
|---------|------------------------------------------------------------------------------------------------------------------|
| ◦ | EPS included a negative impact of $0.06 per share related to foreign currency translation, in line with guidance |

|         |                                                                                  |
|---------|----------------------------------------------------------------------------------|
| • | Conservative approach taken for second half. Full year 2019 EPS outlook lowered: |

|         |                                                                   |
|---------|-------------------------------------------------------------------|
| ◦ | Reflects current trends and includes latest proposed U.S. tariffs |

|         |                                                                  |
|---------|------------------------------------------------------------------|
| ◦ | GAAP basis: $7.95 to $8.05 compared to $9.05 to $9.15 previously |

|         |                                                                        |
|---------|------------------------------------------------------------------------|
| ◦ | Non-GAAP basis: $9.30 to $9.40 compared to $10.20 to $10.30 previously |

|         |                                                                                                                                 |
|---------|---------------------------------------------------------------------------------------------------------------------------------|
| ◦ | EPS outlook includes a negative impact of $0.35 per share related to foreign currency translation, compared to $0.32 previously |

|         |                                                                                           |
|---------|-------------------------------------------------------------------------------------------|
| • | Planned stock repurchases for 2019 increased to $300 million from $200 million previously |

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|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | A 6% increase (10% increase on a constant currency basis) in the Tommy Hilfiger business compared to the prior year period, driven principally by outperformance in Europe and the addition of revenue resulting from the Australia acquisition. International comparable store sales increased 9%. North America comparable store sales decreased 6% due to weakness in traffic and consumer spending trends, especially in stores located in international tourist locations. |

|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | A 3% decrease (flat on a constant currency basis) in the Calvin Klein business compared to the prior year period, as solid growth in Europe and the addition of revenue resulting from the Australia acquisition were more than offset by the negative impacts of foreign currency translation, softness experienced across China, the reduction of revenue resulting from the CK Collection closure and the effect of the G-III license. International comparable store sales decreased 2%. North America comparable store sales decreased 4% due to weakness in traffic and consumer spending trends, especially in stores located in international tourist locations.  |

|         |                                                                                                                       |
|---------|-----------------------------------------------------------------------------------------------------------------------|
| • | A 1% increase in the Heritage Brands business compared to the prior year period. Comparable store sales decreased 4%. |

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|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Pre-tax costs of approximately $105 million incurred and expected to be incurred in 2019 related to the Calvin Klein restructuring, consisting of a noncash lease asset impairment resulting from the closure of the Company’s flagship store on Madison Avenue in New York, New York, other noncash asset impairments, severance, contract termination and other costs, and inventory markdowns, of which $70 million was incurred in the first quarter, $29 million was incurred in the second quarter and $4 million is expected to be incurred in the third quarter. |

|         |                                                                                                                                                                            |
|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Pre-tax costs of $55 million incurred in the first quarter of 2019 in connection with the TH U.S. store closures, primarily consisting of noncash lease asset impairments. |

|         |                                                                                                                           |
|---------|---------------------------------------------------------------------------------------------------------------------------|
| • | Pre-tax costs of $60 million incurred in the second quarter of 2019 in connection with the Socks and hosiery transaction. |

|         |                                                                                                                                                       |
|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Pre-tax costs of $6 million incurred in the first quarter of 2019 in connection with the refinancing of the Company’s senior credit facilities. |

|         |                                                                                                                                                                                                                 |
|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Pre-tax noncash gain of $113 million recorded in the second quarter of 2019 to write up the Company's equity investments in Gazal and PVH Australia to fair value in connection with the Australia acquisition. |

|         |                                                                                                                                                                                                                                                                                                                                   |
|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Pre-tax costs of $25 million incurred and expected to be incurred in 2019 in connection with the Australia and TH CSAP acquisitions, primarily consisting of noncash valuation adjustments, of which $7 million was incurred in the second quarter and approximately $12 million is expected to be incurred in the third quarter. |

|         |                                                                                                                                                                                                                                                                                            |
|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Pre-tax costs of $41 million incurred in the fourth quarter of 2018 related to the Calvin Klein restructuring, consisting of $27 million of severance, $7 million of noncash asset impairments, $4 million of contract termination and other costs, and $2 million of inventory markdowns. |

----

|         |                                                                                                                                                                                                                                                                                                                                                    |
|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Pre-tax costs of $24 million 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, $7 million was incurred in the second quarter, $6 million was incurred in the third quarter and $4 million was incurred in the fourth quarter. |

|         |                                                                                                                                  |
|---------|----------------------------------------------------------------------------------------------------------------------------------|
| • | Pre-tax loss of $15 million recorded in the fourth quarter of 2018 related to the recognized actuarial loss on retirement plans. |

|         |                                                                                                                                                                                                                                                                                           |
|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Discrete tax benefit of $41 million recorded in the fourth quarter of 2018 related to the remeasurement of certain of the Company’s net deferred tax liabilities in connection with the enactment of legislation in the Netherlands known as the “2019 Dutch Tax Plan.” |

|         |                                                                                                                                                                                                                                                                                                               |
|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Discrete net tax benefit of $25 million recorded in the fourth quarter of 2018 to adjust the provisional net tax benefit recorded in 2017 in connection with the U.S. Tax Cuts and Jobs Act of 2017, primarily consisting of the release of a valuation allowance on the Company’s foreign tax credits. |

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

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|                                                                        |
|------------------------------------------------------------------------|
|                                                                        |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                   |   | Quarter Ended |   |   |   | Six Months Ended |   |   |
|                                                                   |   | 8/4/19 |   | 8/5/18 |   |   |   | 8/4/19 |   | 8/5/18 |   |   |
|                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net sales                                                              |   | $ | 2,249.0 |  |   | $ | 2,223.2 |  |   |   |   | $ | 4,486.3 |  |   | $ | 4,416.7 |  |   |   |
| Royalty revenue                                                        |   | 85.8 |  |   | 81.5 |  |   |   |   | 175.2 |  |   | 170.9 |  |   |   |
| Advertising and other revenue                                          |   | 29.4 |  |   | 29.0 |  |   |   |   | 59.0 |  |   | 60.7 |  |   |   |
| Total revenue                                                          |   | $ | 2,364.2 |  |   | $ | 2,333.7 |  |   |   |   | $ | 4,720.5 |  |   | $ | 4,648.3 |  |   |   |
|                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |
| Gross profit on net sales                                              |   | $ | 1,173.2 |  |   | $ | 1,186.5 |  |   |   |   | $ | 2,350.1 |  |   | $ | 2,356.4 |  |   |   |
| Gross profit on royalty, advertising and other revenue                 |   | 115.2 |  |   | 110.5 |  |   |   |   | 234.2 |  |   | 231.6 |  |   |   |
| Total gross profit                                                     |   | 1,288.4 |  |   | 1,297.0 |  |   |   |   | 2,584.3 |  |   | 2,588.0 |  |   |   |
|                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |
| Selling, general and administrative expenses                           |   | 1,154.5 |  |   | 1,071.5 |  |   |   |   | 2,316.0 |  |   | 2,124.5 |  |   |   |
|                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |
| Non-service related pension and postretirement income                  |   | 1.9 |  |   | 2.6 |  |   |   |   | 4.1 |  |   | 5.1 |  |   |   |
|                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |
| Debt modification and extinguishment costs                             |   |  |  |   |  |   |   |   | 5.2 |  |   |  |   |   |
|                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |
| Other noncash gain                                                     |   | 113.1 |  |   |  |   |   |   | 113.1 |  |   |  |   |   |
|                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |
| Equity in net income of unconsolidated affiliates                      |   | 0.9 |  |   | 3.3 |  |   |   |   | 4.6 |   | 7.1 |  |   |   |
|                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |
| Earnings before interest and taxes                                     |   | 249.8 |  |   | 231.4 |  |   |   |   | 384.9 |  |   | 475.7 |  |   |   |
|                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |
| Interest expense, net                                                  |   | 27.0 |  |   | 29.1 |  |   |   |   | 56.9 |  |   | 57.5 |  |   |   |
|                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |
| Pre-tax income                                                         |   | 222.8 |  |   | 202.3 |  |   |   |   | 328.0 |  |   | 418.2 |  |   |   |
|                                                                   |   |  |  |   |   |   |   |   |   |   |   |   |   |
| Income tax expense                                                     |   | 29.7 |  |   | 37.6 |  |   |   |   | 53.3 |  |   | 74.6 |  |   |   |
|                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net income                                                             |   | 193.1 |  |   | 164.7 |  |   |   |   | 274.7 |  |   | 343.6 |   |   |
|                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |
| Less: Net loss attributable to redeemable non-controlling interest (1) |   | (0.4 | ) |   | (0.5 | ) |   |   |   | (0.8 | ) |   | (1.0 | ) |   |   |
|                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net income attributable to PVH Corp.                                   |   | $ | 193.5 |  |   | $ | 165.2 |  |   |   |   | $ | 275.5 |  |   | $ | 344.6 |  |   |   |
|                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |
| Diluted net income per common share attributable to PVH Corp. (2)      |   | $ | 2.58 |  |   | $ | 2.12 |  |   |   |   | $ | 3.65 |  |   | $ | 4.42 |  |   |   |
|                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                   |   | Quarter Ended |   |   |   | Six Months Ended |   |   |
|                                                                   |   | 8/4/19 |   | 8/5/18 |   |   |   | 8/4/19 |   | 8/5/18 |   |   |
|                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |
| Depreciation and amortization expense                                  |   | $ | 78.4 |  |   | $ | 83.0 |  |   |   |   | $ | 154.9 |  |   | $ | 166.2 |  |   |   |
|                                                                   |   |   |   |   |   |   |   |   |   |   |   |

|           |                                                                                                           |
|-----------|-----------------------------------------------------------------------------------------------------------|
| (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 Notes to Consolidated GAAP Income Statements for the reconciliations of GAAP diluted net income per common share to diluted net income per common share on a non-GAAP basis. |

----

----

|                                                                   |
|-------------------------------------------------------------------|
|                                                                   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                              |   | Quarter Ended |   |   |   | Six Months Ended |   |   |
|                                                              |   | 8/4/19 |   | 8/5/18 |   |   |   | 8/4/19 |   | 8/5/18 |   |   |
|                                                              |   |   |   |   |   |   |   |   |   |   |   |   |
| Non-GAAP Measures                                                 |   |   |   |   |   |   |   |   |   |   |   |   |
| Total gross profit (1)                                            |   | $ | 1,303.7 |  |   |  |  |   |   |   | $ | 2,601.3 |  |   |  |  |   |   |
| Selling, general and administrative expenses (2)                  |   | 1,076.1 |  |   | $ | 1,064.8 |  |   |   |   | 2,113.1 |  |   | $ | 2,110.9 |  |   |   |
| Debt modification and extinguishment costs (3)                    |   |  |  |   |  |  |   |   |   | — |  |   |  |  |   |   |
| Other noncash gain (4)                                            |   | — |  |   |  |  |   |   |   | — |  |   |  |  |   |   |
| Equity in net income of unconsolidated affiliates (5)             |   | 3.0 |  |   |  |  |   |   |   | 6.7 |  |   |  |  |   |   |
| Earnings before interest and taxes (6)                            |   | 232.5 |  |   | 238.1 |  |   |   |   | 499.0 |  |   | 489.3 |  |   |   |
| Income tax expense (7)                                            |   | 48.3 |  |   | 39.4 |  |   |   |   | 98.9 |  |   | 77.9 |  |   |   |
| Net income attributable to PVH Corp. (8)                          |   | 157.6 |  |   | 170.1 |  |   |   |   | 344.0 |  |   | 354.9 |  |   |   |
| Diluted net income per common share attributable to PVH Corp. (9) |   | $ | 2.10 |  |   | $ | 2.18 |  |   |   |   | $ | 4.56 |  |   | $ | 4.55 |  |   |   |
|                                                              |   |   |   |   |   |   |   |   |   |   |   |   |
| Depreciation and amortization expense (10)                        |   |  |  |   | $ | 76.3 |  |   |   |   |  |  |   | $ | 152.6 |  |   |   |
|                                                              |   |   |   |   |   |   |   |   |   |

|                                                                                                                                                                                                                                                                          |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                                                                                                          |
| (1)    Please see Table 3 for the reconciliations of GAAP gross profit to gross profit on a non-GAAP basis.                                                                                                                                          |
| (2)    Please see Table 4 for the reconciliations of GAAP selling, general and administrative (“SG&A”) expenses to SG&A expenses on a non-GAAP basis.                                                                            |
| (3)    Please see Table 5 for the reconciliation of GAAP debt modification and extinguishment costs to debt modification and extinguishment costs on a non-GAAP basis.                                                                               |
| (4)    Please see Table 6 for the reconciliations of GAAP other noncash gain to other noncash gain on a non-GAAP basis.                                                                                                                              |
| (5)    Please see Table 7 for the reconciliations of GAAP equity in net income of unconsolidated affiliates to equity in net income of unconsolidated affiliates on a non-GAAP basis.                                                                |
| (6)    Please see Table 2 for the reconciliations of GAAP earnings before interest and taxes to earnings before interest and taxes on a non-GAAP basis.                                                                                              |
| (7)    Please see Table 8 for the 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. |
| (8)    Please see Table 1 for the reconciliations of GAAP net income to net income on a non-GAAP basis.                                                                                                                                              |
| (9)    Please see Note A in Notes to Consolidated GAAP Income Statements for the reconciliations of GAAP diluted net income per common share to diluted net income per common share on a non-GAAP basis.                                             |
| (10)    Please see Table 9 for the 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 |   |   |   | Six Months Ended |   |   |
|                                                                                                                                                                                                                       |   | 8/4/19 |   | 8/5/18 |   |   |   | 8/4/19 |   | 8/5/18 |   |   |
|                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| Net income attributable to PVH Corp.                                                                                                                                                                                       |   | $ | 193.5 |  |   | $ | 165.2 |  |   |   |   | $ | 275.5 |  |   | $ | 344.6 |  |   |   |
|                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| Diluted net income per common share attributable to PVH Corp.(1)                                                                                                                                                           |   | $ | 2.58 |  |   | $ | 2.12 |  |   |   |   | $ | 3.65 |  |   | $ | 4.42 |  |   |   |
|                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| Pre-tax items excluded:                                                                                                                                                                                                    |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| Gross profit charges associated with the Calvin Klein restructuring (inventory markdowns)                                                                                                                                  |   | 11.2 |  |   |  |  |   |   |   | 12.9 |  |   |  |  |   |   |
|                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| Gross profit charges associated with the Australia and TH CSAP acquisitions (short-lived noncash inventory valuation adjustments)                                                                                          |   | 4.1 |  |   |  |   |   |   | 4.1 |  |   |  |  |   |   |
|                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| SG&A expenses associated with the Calvin Klein restructuring                                                                                                                                                           |   | 17.9 |  |   |  |   |   |   | 86.5 |  |   |  |   |   |
|                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| SG&A expenses associated with the Socks and hosiery transaction                                                                                                                                                        |   | 59.8 |  |   |  |   |   |   | 59.8 |  |   |  |   |   |
|                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| SG&A expenses associated with the TH U.S. store closures                                                                                                                                                               |  |  |  |  |   |   |   | 54.9 |  |   |  |   |   |
|                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| SG&A expenses associated with the Australia and TH CSAP acquisitions                                                                                                                                                   |   | 0.7 |  |   |  |   |   |   | 0.7 |  |   |  |  |   |   |
|                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| SG&A expenses associated with the refinancing of the Company’s senior credit facilities                                                                                                                          |   |  |  |   |  |   |   |   | 1.0 |  |   |  |  |   |   |
|                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| SG&A expenses associated with the TH China acquisition                                                                                                                                                                 |   |  |   | 6.7 |  |   |   |   |  |   | 13.6 |  |   |   |
|                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| Debt modification and extinguishment costs                                                                                                                                                                                 |   |  |   |  |   |   |   | 5.2 |  |   |  |   |   |
|                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| Noncash gain to write up the Company’s equity investments in Gazal and PVH Australia to fair value (recorded in other noncash gain)                                                                                  |   | (113.1 | ) |   |  |   |   |   | (113.1 | ) |   |  |   |   |
|                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| One-time expenses recorded on the Company’s equity investments in Gazal and PVH Australia (recorded in equity in net income of unconsolidated affiliates)                                                            |   | 2.1 |  |   |  |   |   |   | 2.1 |  |   |  |   |   |
|                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| Tax effects of the above pre-tax items(2)                                                                                                                                                                                  |   | (18.6 | ) |   | (1.8 | ) |   |   |   | (45.6 | ) |   | (3.3 | ) |   |   |
|                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| Net income on a non-GAAP basis attributable to PVH Corp.                                                                                                                                                                   |   | $ | 157.6 |  |   | $ | 170.1 |  |   |   |   | $ | 344.0 |  |   | $ | 354.9 |  |   |   |
|                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| Diluted net income per common share on a non-GAAP basis attributable to PVH Corp.(1)                                                                                                                                       |   | $ | 2.10 |  |   | $ | 2.18 |  |   |   |   | $ | 4.56 |  |   | $ | 4.55 |  |   |   |
|                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| (1)   Please see Note A in Notes to the Consolidated GAAP Income Statements for the 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 8 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 |   |   |   | Six Months Ended |   |   |
|                                                                                                                                                            |   | 8/4/19 |   | 8/5/18 |   |   |   | 8/4/19 |   | 8/5/18 |   |   |
|                                                                                                                                                            |   |   |   |   |   |   |   |   |   |   |   |   |
| Earnings before interest and taxes                                                                                                                              |   | $ | 249.8 |  |   | $ | 231.4 |  |   |   |   | $ | 384.9 |  |   | $ | 475.7 |  |   |   |
|                                                                                                                                                            |   |   |   |   |   |   |   |   |   |   |   |   |
| Items excluded:                                                                                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                            |   |   |   |   |   |   |   |   |   |   |   |   |
| Gross profit charges associated with the Calvin Klein restructuring (inventory markdowns)                                                                       |   | 11.2 |  |   |  |   |   |   | 12.9 |  |   |  |   |   |
|                                                                                                                                                            |   |   |   |   |   |   |   |   |   |   |   |   |
| Gross profit charges associated with the Australia and TH CSAP acquisitions (short-lived noncash inventory valuation adjustments)                               |   | 4.1 |  |   |  |   |   |   | 4.1 |  |   |  |  |   |   |
|                                                                                                                                                            |   |   |   |   |   |   |   |   |   |   |   |   |
| SG&A expenses associated with the Calvin Klein restructuring                                                                                                |   | 17.9 |  |   |  |   |   |   | 86.5 |  |   |  |   |   |
|                                                                                                                                                            |   |   |   |   |   |   |   |   |   |   |   |   |
| SG&A expenses associated with the Socks and hosiery transaction                                                                                             |   | 59.8 |  |   |  |   |   |   | 59.8 |  |   |  |   |   |
|                                                                                                                                                            |   |   |   |   |   |   |   |   |   |   |   |   |
| SG&A expenses associated with the TH U.S. store closures                                                                                                    |   |  |   |  |   |   |   | 54.9 |  |   |  |   |   |
|                                                                                                                                                            |   |   |   |   |   |   |   |   |   |   |   |   |
| SG&A expenses associated with the Australia and TH CSAP acquisitions                                                                                        |   | 0.7 |  |   |  |   |   |   | 0.7 |  |   |  |   |   |
|                                                                                                                                                            |   |   |   |   |   |   |   |   |   |   |   |   |
| SG&A expenses associated with the refinancing of the Company’s senior credit facilities                                                               |   |  |   |  |   |   |   | 1.0 |  |   |  |   |   |
|                                                                                                                                                            |   |   |   |   |   |   |   |   |   |   |   |   |
| SG&A expenses associated with the TH China acquisition                                                                                                      |   |  |   | 6.7 |  |   |   |   |  |  |   | 13.6 |  |   |   |
|                                                                                                                                                            |   |   |   |   |   |   |   |   |   |   |   |   |
| Debt modification and extinguishment costs                                                                                                                      |   |  |   |  |   |   |   | 5.2 |  |   |  |  |   |   |
|                                                                                                                                                            |   |   |   |   |   |   |   |   |   |   |   |   |
| Noncash gain to write up the Company’s equity investments in Gazal and PVH Australia to fair value (recorded in other noncash gain)                       |   | (113.1 | ) |   |  |   |   |   | (113.1 | ) |   |  |  |   |   |
|                                                                                                                                                            |   |   |   |   |   |   |   |   |   |   |   |   |
| One-time expenses recorded on the Company’s equity investments in Gazal and PVH Australia (recorded in equity in net income of unconsolidated affiliates) |   | 2.1 |  |   |  |   |   |   | 2.1 |  |   |  |   |   |
|                                                                                                                                                            |   |   |   |   |   |   |   |   |   |   |   |   |
| Earnings before interest and taxes on a non-GAAP basis                                                                                                          |   | $ | 232.5 |  |   | $ | 238.1 |  |   |   |   | $ | 499.0 |  |   | $ | 489.3 |  |   |   |
|                                                                                                                                                            |   |   |   |   |   |   |   |   |   |   |   |   |

|                                                                                                                                   |
|-----------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                   |  |  |  |  |  |  |  |  |  |  |  |  |
| Table 3 - Reconciliations of GAAP gross profit to gross profit on a non-GAAP basis                                                |   |   |   |
|                                                                                                                              |   |   |   |   |   |   |   |   |
|                                                                                                                              |   | Quarter Ended |   |   |   | Six Months Ended |   |   |
|                                                                                                                              |   | 8/4/19 |   |   |   | 8/4/19 |   |   |
|                                                                                                                              |   |   |   |   |   |   |   |   |
| Gross profit                                                                                                                      |   | $ | 1,288.4 |  |   |   |   | $ | 2,584.3 |  |   |   |
|                                                                                                                              |   |   |   |   |   |   |   |   |
| Items excluded:                                                                                                                   |   |   |   |   |   |   |   |   |
|                                                                                                                              |   |   |   |   |   |   |   |   |
| Gross profit charges associated with the Calvin Klein restructuring (inventory markdowns)                                         |   | 11.2 |  |   |   |   | 12.9 |  |   |   |
|                                                                                                                              |   |   |   |   |   |   |   |   |
| Gross profit charges associated with the Australia and TH CSAP acquisitions (short-lived noncash inventory valuation adjustments) |   | 4.1 |  |   |   |   | 4.1 |  |   |   |
|                                                                                                                              |   |   |   |   |   |   |   |   |
| Gross profit on a non-GAAP basis                                                                                                  |   | $ | 1,303.7 |  |   |   |   | $ | 2,601.3 |  |   |   |
|                                                                                                                              |   |   |   |   |   |   |   |   |

----

|                                                                                              |
|----------------------------------------------------------------------------------------------|
|                                                                                              |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Table 4 - Reconciliations of GAAP SG&A expenses to SG&A expenses on a non-GAAP basis |
|                                                                                         |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                         |   | Quarter Ended |   |   |   | Six Months Ended |   |   |
|                                                                                         |   | 8/4/19 |   | 8/5/18 |   |   |   | 8/4/19 |   | 8/5/18 |   |   |
|                                                                                         |   |   |   |   |   |   |   |   |   |   |   |   |
| SG&A expenses                                                                            |   | $ | 1,154.5 |  |   | $ | 1,071.5 |  |   |   |   | $ | 2,316.0 |  |   | $ | 2,124.5 |  |   |   |
|                                                                                         |   |   |   |   |   |   |   |   |   |   |   |   |
| Items excluded:                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                         |   |   |   |   |   |   |   |   |   |   |   |   |
| Expenses associated with the Calvin Klein restructuring                                      |   | (17.9 | ) |   |  |  |   |   |   | (86.5 | ) |   |  |   |   |
|                                                                                         |   |   |   |   |   |   |   |   |   |   |   |   |
| Expenses associated with the Socks and hosiery transaction                                   |   | (59.8 | ) |   |  |  |   |   |   | (59.8 | ) |   |  |   |   |
|                                                                                         |   |   |   |   |   |   |   |   |   |   |   |   |
| Expenses associated with the TH U.S. store closures                                          |   |  |   |  |  |   |   |   | (54.9 | ) |   |  |   |   |
|                                                                                         |   |   |   |   |   |   |   |   |   |   |   |   |
| Expenses associated with the Australia and TH CSAP acquisitions                              |   | (0.7 | ) |   |  |   |   |   | (0.7 | ) |   |  |  |   |   |
|                                                                                         |   |   |   |   |   |   |   |   |   |   |   |   |
| Expenses associated with the refinancing of the Company’s senior credit facilities     |   |  |   |  |   |   |   | (1.0 | ) |   |  |  |   |   |
|                                                                                         |   |   |   |   |   |   |   |   |   |   |   |   |
| Expenses associated with the TH China acquisition                                            |   |  |   | (6.7 | ) |   |   |   |  |   | (13.6 | ) |   |   |
|                                                                                         |   |   |   |   |   |   |   |   |   |   |   |   |
| SG&A expenses on a non-GAAP basis                                                        |   | $ | 1,076.1 |  |   | $ | 1,064.8 |  |   |   |   | $ | 2,113.1 |  |   | $ | 2,110.9 |  |   |   |
|                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |

|                                                                                                                                               |
|-----------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                               |  |  |  |  |  |  |
| Table 5 - Reconciliation of GAAP debt modification and extinguishment costs to debt modification and extinguishment costs on a non-GAAP basis |
|                                                                                                                                          |   |   |   |   |
|                                                                                                                                          |   | Six Months Ended |   |   |
|                                                                                                                                          |   | 8/4/19 |   |   |
|                                                                                                                                          |   |   |   |   |
| Debt modification and extinguishment costs                                                                                                    |   | $ | 5.2 |  |   |   |
|                                                                                                                                          |   |   |   |   |
| Item excluded:                                                                                                                                |   |   |   |   |
|                                                                                                                                          |   |   |   |   |
| Costs incurred associated with the refinancing of the Company’s senior credit facilities                                                |   | (5.2 | ) |   |   |
|                                                                                                                                          |   |   |   |   |
| Debt modification and extinguishment costs on a non-GAAP basis                                                                                |   | $ | — |  |   |   |
|                                                                                                                                               |   |   |   |   |

|                                                                                                          |
|----------------------------------------------------------------------------------------------------------|
|                                                                                                          |  |  |  |  |  |  |  |  |  |  |  |  |
| Table 6 - Reconciliations of GAAP other noncash gain to other noncash gain on a non-GAAP basis           |
|                                                                                                     |   |   |   |   |   |   |   |   |
|                                                                                                     |   | Quarter Ended |   |   |   | Six Months Ended |   |   |
|                                                                                                     |   | 8/4/19 |   |   |   | 8/4/19 |   |   |
|                                                                                                     |   |   |   |   |   |   |   |   |
| Other noncash gain                                                                                       |   | $ | 113.1 |  |   |   |   | $ | 113.1 |  |   |   |
|                                                                                                     |   |   |   |   |   |   |   |   |
| Item excluded:                                                                                           |   |   |   |   |   |   |   |   |
|                                                                                                     |   |   |   |   |   |   |   |   |
| Noncash gain to write up the Company’s equity investments in Gazal and PVH Australia to fair value |   | (113.1 | ) |   |   |   | (113.1 | ) |   |   |
|                                                                                                     |   |   |   |   |   |   |   |   |
| Other noncash gain on a non-GAAP basis                                                                   |   | $ | — |  |   |   |   | $ | — |  |   |   |
|                                                                                                     |   |   |   |   |   |   |   |   |

----

|                                                                                                                                                             |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                             |  |  |  |  |  |  |  |  |  |  |  |  |
| Table 7 - Reconciliations of GAAP equity in net income of unconsolidated affiliates to equity in net income of unconsolidated affiliateson a non-GAAP basis |
|                                                                                                                                                        |   |   |   |   |   |   |   |   |
|                                                                                                                                                        |   | Quarter Ended |   |   |   | Six Months Ended |   |   |
|                                                                                                                                                        |   | 8/4/19 |   |   |   | 8/4/19 |   |   |
|                                                                                                                                                        |   |   |   |   |   |   |   |   |
| Equity in net income of unconsolidated affiliates                                                                                                           |   | $ | 0.9 |  |   |   |   | $ | 4.6 |  |   |   |
|                                                                                                                                                        |   |   |   |   |   |   |   |   |
| Item excluded:                                                                                                                                              |   |   |   |   |   |   |   |   |
|                                                                                                                                                        |   |   |   |   |   |   |   |   |
| One-time expenses recorded on the Company’s equity investments in Gazal and PVH Australia                                                             |   | 2.1 |  |   |   |   | 2.1 |  |   |   |
|                                                                                                                                                        |   |   |   |   |   |   |   |   |
| Equity in net income of unconsolidated affiliates on a non-GAAP basis                                                                                       |   | $ | 3.0 |  |   |   |   | $ | 6.7 |  |   |   |
|                                                                                                                                                        |   |   |   |   |   |   |   |   |

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Table 8 - Reconciliations of GAAP income tax expense to income tax expense on a non-GAAP basis                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |   |   |   |   |   |   |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   | Quarter Ended |   |   |   | Six Months Ended |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   | 8/4/19 |   | 8/5/18 |   |   |   | 8/4/19 |   | 8/5/18 |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   |   |   |   |   |   |   |   |   |   |   |   |
| Income tax expense                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   | $ | 29.7 |  |   | $ | 37.6 |  |   |   |   | $ | 53.3 |  |   | $ | 74.6 |  |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   |   |   |   |   |   |   |   |   |   |   |   |
| Item excluded:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   |   |   |   |   |   |   |   |   |   |   |   |
| Tax effects of pre-tax items identified as non-GAAP exclusions (1)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   | 18.6 |  |   | 1.8 |  |   |   |   | 45.6 |  |   | 3.3 |  |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   |   |   |   |   |   |   |   |   |   |   |   |
| Income tax expense on a non-GAAP basis                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   | $ | 48.3 |  |   | $ | 39.4 |  |   |   |   | $ | 98.9 |  |   | $ | 77.9 |  |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   |   |   |   |   |   |   |   |   |   |   |   |
| (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 9 - Reconciliations of GAAP depreciation and amortization expense to depreciation and amortization expense on a non-GAAP basis |
|                                                                                                                                 |   |   |   |   |   |   |   |   |
|                                                                                                                                 |   | Quarter Ended |   |   |   | Six Months Ended |   |   |
|                                                                                                                                 |   | 8/5/18 |   |   |   | 8/5/18 |   |   |
|                                                                                                                                 |   |   |   |   |   |   |   |   |
| Depreciation and amortization expense                                                                                                |   | $ | 83.0 |  |   |   |   | $ | 166.2 |  |   |   |
|                                                                                                                                 |   |   |   |   |   |   |   |   |
| Item excluded:                                                                                                                       |   |   |   |   |   |   |   |   |
|                                                                                                                                 |   |   |   |   |   |   |   |   |
| Amortization of short-lived assets associated with the TH China acquisition                                                          |   | (6.7 | ) |   |   |   | (13.6 | ) |   |   |
|                                                                                                                                 |   |   |   |   |   |   |   |   |
| Depreciation and amortization expense on a non-GAAP basis                                                                            |   | $ | 76.3 |  |   |   |   | $ | 152.6 |  |   |   |
|                                                                                                                                 |   |   |   |   |   |   |   |   |

----

|                                                               |
|---------------------------------------------------------------|
|                                                               |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                          |   | Quarter Ended |   |   |   | Quarter Ended |
|                                                          |   | 8/4/19 |   |   |   | 8/5/18 |
|                                                          |   | GAAP |   |   |   | Non-GAAP |   |   |   | GAAP |   |   |   | Non-GAAP |   |
|                                                          |   | Results |   | Adjustments | (1)  | Results |   |   |   | Results |   | Adjustments | (2)  | Results |   |
|                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net income attributable to PVH Corp.                          |   | $ | 193.5 |  |   | $ | 35.9 |  |   | $ | 157.6 |  |   |   |   | $ | 165.2 |  |   | $ | (4.9 | ) |   | $ | 170.1 |  |   |
|                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Weighted average common shares                                |   | 74.8 |  |   |  |   | 74.8 |  |   |   |   | 77.0 |  |   |  |   | 77.0 |  |   |
| Weighted average dilutive securities                          |   | 0.3 |  |   |  |  |   | 0.3 |  |   |   |   | 0.9 |  |   |  |   | 0.9 |  |   |
| Total shares                                                  |   | 75.1 |  |   |   |   | 75.1 |  |   |   |   | 77.9 |  |   |   |   | 77.9 |  |   |
|                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Diluted net income per common share attributable to PVH Corp. |   | $ | 2.58 |  |   |   |   | $ | 2.10 |  |   |   |   | $ | 2.12 |  |   |   |   | $ | 2.18 |  |   |
|                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

|                                                               |
|---------------------------------------------------------------|
|                                                               |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                          |   | Six Months Ended |   |   |   | Six Months Ended |   |
|                                                          |   | 8/4/19 |   |   |   | 8/5/18 |   |
|                                                          |   | GAAP |   |   |   | Non-GAAP |   |   |   | GAAP |   |   |   | Non-GAAP |   |
|                                                          |   | Results |   | Adjustments | (1)  | Results |   |   |   | Results |   | Adjustments | (2)  | Results |   |
|                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net income attributable to PVH Corp.                          |   | $ | 275.5 |  |   | $ | (68.5 | ) |   | $ | 344.0 |  |   |   |   | $ | 344.6 |  |   | $ | (10.3 | ) |   | $ | 354.9 |  |   |
|                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Weighted average common shares                                |   | 75.0 |  |   |  |   | 75.0 |  |   |   |   | 77.0 |  |   |  |   | 77.0 |  |   |
| Weighted average dilutive securities                          |   | 0.5 |  |   |  |   | 0.5 |  |   |   |   | 1.0 |  |   |  |   | 1.0 |  |   |
| Total shares                                                  |   | 75.5 |  |   |   |   | 75.5 |  |   |   |   | 78.0 |  |   |   |   | 78.0 |  |   |
|                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Diluted net income per common share attributable to PVH Corp. |   | $ | 3.65 |  |   |   |   | $ | 4.56 |  |   |   |   | $ | 4.42 |  |   |   |   | $ | 4.55 |  |   |
|                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

|           |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
|-----------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (1)  | Represents the impact on net income in the periods ended August 4, 2019 from the elimination of (i) the costs related to the Calvin Klein restructuring; (ii) the costs in connection with the TH U.S. store closures; (iii) the costs in connection with the refinancing of the Company’s senior credit facilities; (iv) the noncash gain recorded to write up the Company’s equity investments in Gazal and PVH Australia to fair value in connection with the Australia acquisition; (v) the costs related to the Australia and TH CSAP acquisitions, primarily consisting of noncash valuation adjustments; (vi) the one-time costs recorded on the Company’s equity investments in Gazal and PVH Australia prior to the Australia acquisition closing; (vii) the costs in connection with the Socks and hosiery transaction; and (viii) the tax effects associated with the foregoing pre-tax items. Please see Table 1 for the reconciliation of GAAP net income to net income on a non-GAAP basis. |

----

|                                                                                 |
|---------------------------------------------------------------------------------|
|                                                                                 |  |  |  |  |  |  |  |
|                                                                            | 8/4/19 |   | 8/5/18 |
| ASSETS                                                                          |   |   |   |
| Current Assets:                                                                 |   |   |   |
| Cash and Cash Equivalents                                                       | $ | 433.5 |  |   | $ | 431.1 |  |
| Receivables                                                                     | 808.9 |  |   | 731.6 |  |
| Inventories                                                                     | 1,862.1 |  |   | 1,731.0 |  |
| Other                                                                           | 294.1 |  |   | 272.3 |  |
| Total Current Assets                                                            | 3,398.6 |  |   | 3,166.0 |  |
| Property, Plant and Equipment                                                   | 973.4 |  |   | 881.3 |  |
| Operating Lease Right-of-Use Assets (1)                                         | 1,660.7 |  |   |  |  |
| Goodwill and Other Intangible Assets                                            | 7,461.1 |  |   | 7,284.6 |  |
| Other Assets                                                                    | 327.1 |  |   | 365.8 |  |
|                                                                            | $ | 13,820.9 |  |   | $ | 11,697.7 |  |
|                                                                            |   |   |   |
| LIABILITIES, REDEEMABLE NON-CONTROLLING INTEREST AND STOCKHOLDERS’ EQUITY |
| Accounts Payable and Accrued Expenses                                           | $ | 1,858.1 |  |   | $ | 1,750.3 |  |
| Current Portion of Operating Lease Liabilities (1)                              | 345.2 |  |   |  |  |
| Short-Term Borrowings                                                           | 183.2 |  |   | 85.4 |  |
| Current Portion of Long-Term Debt                                               | 41.2 |  |   | — |  |
| Other Liabilities                                                               | 1,243.6 |  |   | 1,402.1 |  |
| Long-Term Portion of Operating Lease Liabilities (1)                            | 1,535.5 |  |   |  |  |
| Long-Term Debt                                                                  | 2,743.0 |  |   | 2,893.5 |  |
| Redeemable Non-Controlling Interest                                             | (0.6 | ) |   | 1.0 |  |
| Stockholders’ Equity                                                      | 5,871.7 |  |   | 5,565.4 |  |
|                                                                            | $ | 13,820.9 |  |   | $ | 11,697.7 |  |

----

|                               |
|-------------------------------|
|                               |  |  |  |  |  |  |  |  |  |  |  |
| PVH CORP.                     |   |   |   |   |   |   |   |
| Segment Data                  |   |   |   |   |   |   |   |
| (In millions)                 |   |   |   |   |   |   |   |
|                          |   |   |   |   |   |   |   |
| REVENUE BY SEGMENT            |   |   |   |   |   |   |   |
|                          |   | Quarter Ended |   |   |   | Quarter Ended |   |
|                          |   | 8/4/19 |   |   |   | 8/5/18 |   |
|                          |   |   |   |   |   |   |   |
| Tommy Hilfiger North America  |   |   |   |   |   |   |   |
| Net sales                     |   | $ | 390.1 |  |   |   |   | $ | 417.8 |  |   |
| Royalty revenue               |   | 18.1 |  |   |   |   | 14.5 |  |   |
| Advertising and other revenue |   | 4.8 |  |   |   |   | 4.3 |  |   |
| Total                         |   | 413.0 |  |   |   |   | 436.6 |  |   |
|                          |   |   |   |   |   |   |   |
| Tommy Hilfiger International  |   |   |   |   |   |   |   |
| Net sales                     |   | 679.0 |  |   |   |   | 572.3 |  |   |
| Royalty revenue               |   | 12.4 |  |   |   |   | 13.0 |  |   |
| Advertising and other revenue |   | 5.8 |  |   |   |   | 6.7 |  |   |
| Total                         |   | 697.2 |  |   |   |   | 592.0 |  |   |
|                          |   |   |   |   |   |   |   |
| Total Tommy Hilfiger          |   |   |   |   |   |   |   |
| Net sales                     |   | 1,069.1 |  |   |   |   | 990.1 |  |   |
| Royalty revenue               |   | 30.5 |  |   |   |   | 27.5 |  |   |
| Advertising and other revenue |   | 10.6 |  |   |   |   | 11.0 |  |   |
| Total                         |   | 1,110.2 |  |   |   |   | 1,028.6 |  |   |
|                          |   |   |   |   |   |   |   |
| Calvin Klein North America    |   |   |   |   |   |   |   |
| Net sales                     |   | 366.1 |  |   |   |   | 425.0 |  |   |
| Royalty revenue               |   | 31.5 |  |   |   |   | 32.0 |  |   |
| Advertising and other revenue |   | 11.2 |  |   |   |   | 10.5 |  |   |
| Total                         |   | 408.8 |  |   |   |   | 467.5 |  |   |
|                          |   |   |   |   |   |   |   |
| Calvin Klein International    |   |   |   |   |   |   |   |
| Net sales                     |   | 440.4 |  |   |   |   | 435.3 |  |   |
| Royalty revenue               |   | 17.9 |  |   |   |   | 16.0 |  |   |
| Advertising and other revenue |   | 6.2 |  |   |   |   | 6.3 |  |   |
| Total                         |   | 464.5 |  |   |   |   | 457.6 |  |   |
|                          |   |   |   |   |   |   |   |
| Total Calvin Klein            |   |   |   |   |   |   |   |
| Net sales                     |   | 806.5 |  |   |   |   | 860.3 |  |   |
| Royalty revenue               |   | 49.4 |  |   |   |   | 48.0 |  |   |
| Advertising and other revenue |   | 17.4 |  |   |   |   | 16.8 |  |   |
| Total                         |   | 873.3 |  |   |   |   | 925.1 |  |   |
|                          |   |   |   |   |   |   |   |
| Heritage Brands Wholesale     |   |   |   |   |   |   |   |
| Net sales                     |   | 304.4 |  |   |   |   | 302.0 |  |   |
| Royalty revenue               |   | 5.0 |  |   |   |   | 5.0 |  |   |
| Advertising and other revenue |   | 1.2 |  |   |   |   | 1.1 |  |   |
| Total                         |   | 310.6 |  |   |   |   | 308.1 |  |   |
|                          |   |   |   |   |   |   |   |
| Heritage Brands Retail        |   |   |   |   |   |   |   |
| Net sales                     |   | 69.0 |  |   |   |   | 70.8 |  |   |
| Royalty revenue               |   | 0.9 |  |   |   |   | 1.0 |  |   |
| Advertising and other revenue |   | 0.2 |  |   |   |   | 0.1 |  |   |
| Total                         |   | 70.1 |  |   |   |   | 71.9 |  |   |
|                          |   |   |   |   |   |   |   |
| Total Heritage Brands         |   |   |   |   |   |   |   |
| Net sales                     |   | 373.4 |  |   |   |   | 372.8 |  |   |
| Royalty revenue               |   | 5.9 |  |   |   |   | 6.0 |  |   |
| Advertising and other revenue |   | 1.4 |  |   |   |   | 1.2 |  |   |
| Total                         |   | 380.7 |  |   |   |   | 380.0 |  |   |
|                          |   |   |   |   |   |   |   |
| Total Revenue                 |   |   |   |   |   |   |   |
| Net sales                     |   | 2,249.0 |  |   |   |   | 2,223.2 |  |   |
| Royalty revenue               |   | 85.8 |  |   |   |   | 81.5 |  |   |
| Advertising and other revenue |   | 29.4 |  |   |   |   | 29.0 |  |   |
| Total                         |   | $ | 2,364.2 |  |   |   |   | $ | 2,333.7 |  |   |
|                          |   |   |   |   |   |   |   |

----

|                                               |
|-----------------------------------------------|
|                                               |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| PVH CORP.                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Segment Data (continued)                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| (In millions)                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| EARNINGS BEFORE INTEREST AND TAXES BY SEGMENT |   |   |   |   |
|                                          |   |   |   |   |   |   |   |
|                                          |   | Quarter Ended |   |   |   | Quarter Ended |   |
|                                          |   | 8/4/19 |   |   |   | 8/5/18 |   |
|                                          |   | Results |   |   |   |   |   |   |   | Results |   |   |   |   |   |
|                                          |   | Under |   |   |   | Non-GAAP |   |   |   | Under |   |   |   | Non-GAAP |   |
|                                          |   | GAAP |   | Adjustments(1) |   | Results |   |   |   | GAAP |   | Adjustments(2) |   | Results |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Tommy Hilfiger North America                  |   | $ | 48.3 |  |   | $ | (7.5 | ) |   | $ | 55.8 |  |   |   |   | $ | 74.2 |  |   |  |  |   | $ | 74.2 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Tommy Hilfiger International                  |   | 99.8 |  |   | (2.5 | ) |   | 102.3 |  |   |   |   | 59.8 |  |   | $ | (6.7 | ) |   | 66.5 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total Tommy Hilfiger                          |   | 148.1 |  |   | (10.0 | ) |   | 158.1 |  |   |   |   | 134.0 |  |   | (6.7 | ) |   | 140.7 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Calvin Klein North America                    |   | 11.3 |  |   | (39.7 | ) |   | 51.0 |  |   |   |   | 59.8 |  |   |  |  |   | 59.8 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Calvin Klein International                    |   | 6.6 |  |   | (43.2 | ) |   | 49.8 |  |   |   |   | 45.2 |  |   |  |  |   | 45.2 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total Calvin Klein                            |   | 17.9 |  |   | (82.9 | ) |   | 100.8 |  |   |   |   | 105.0 |  |   |  |  |   | 105.0 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Heritage Brands Wholesale                     |   | 14.0 |  |   | (0.4 | ) |   | 14.4 |  |   |   |   | 26.5 |  |   |  |  |   | 26.5 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Heritage Brands Retail                        |   | 3.1 |  |   |  |  |   | 3.1 |  |   |   |   | 6.1 |  |   |  |  |   | 6.1 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total Heritage Brands                         |   | 17.1 |  |   | (0.4 | ) |   | 17.5 |  |   |   |   | 32.6 |  |   |   |   | 32.6 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Corporate                                     |   | 66.7 |  |   | 110.6 |  |   | (43.9 | ) |   |   |   | (40.2 | ) |   |  |  |   | (40.2 | ) |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total earnings before interest and taxes      |   | $ | 249.8 |  |   | $ | 17.3 |  |   | $ | 232.5 |  |   |   |   | $ | 231.4 |  |   | $ | (6.7 | ) |   | $ | 238.1 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

|           |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|-----------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (1)  | The adjustments for the quarter ended August 4, 2019 represent the elimination of (i) the costs related to the Calvin Klein restructuring; (ii) the noncash gain recorded to write up the Company’s equity investments in Gazal and PVH Australia to fair value in connection with the Australia acquisition; (iii) the costs related to the Australia and TH CSAP acquisitions, primarily consisting of noncash valuation adjustments; (iv) the one-time costs recorded on the Company’s equity investments in Gazal and PVH Australia prior to the Australia acquisition closing; and (v) the costs in connection with the Socks and hosiery transaction. |

|           |                                                                                                                                                                                            |
|-----------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (2)  | The adjustment for the quarter ended August 5, 2018 represents the elimination of the costs related to the TH China acquisition, consisting of noncash amortization of short-lived assets. |

----

|                               |
|-------------------------------|
|                               |  |  |  |  |  |  |  |  |  |  |  |
| PVH CORP.                     |   |   |   |   |   |   |   |
| Segment Data (continued)      |   |   |   |   |   |   |   |
| (In millions)                 |   |   |   |   |   |   |   |
|                          |   |   |   |   |   |   |   |
| REVENUE BY SEGMENT            |   |   |   |   |   |   |   |
|                          |   | Six Months Ended |   |   |   | Six Months Ended |   |
|                          |   | 8/4/19 |   |   |   | 8/5/18 |   |
|                          |   |   |   |   |   |   |   |
| Tommy Hilfiger North America  |   |   |   |   |   |   |   |
| Net sales                     |   | $ | 737.9 |  |   |   |   | $ | 756.7 |  |   |
| Royalty revenue               |   | 36.8 |  |   |   |   | 32.9 |  |   |
| Advertising and other revenue |   | 10.1 |  |   |   |   | 8.2 |  |   |
| Total                         |   | 784.8 |  |   |   |   | 797.8 |  |   |
|                          |   |   |   |   |   |   |   |
| Tommy Hilfiger International  |   |   |   |   |   |   |   |
| Net sales                     |   | 1,341.7 |  |   |   |   | 1,209.5 |  |   |
| Royalty revenue               |   | 25.6 |  |   |   |   | 25.0 |  |   |
| Advertising and other revenue |   | 10.2 |  |   |   |   | 12.1 |  |   |
| Total                         |   | 1,377.5 |  |   |   |   | 1,246.6 |  |   |
|                          |   |   |   |   |   |   |   |
| Total Tommy Hilfiger          |   |   |   |   |   |   |   |
| Net sales                     |   | 2,079.6 |  |   |   |   | 1,966.2 |  |   |
| Royalty revenue               |   | 62.4 |  |   |   |   | 57.9 |  |   |
| Advertising and other revenue |   | 20.3 |  |   |   |   | 20.3 |  |   |
| Total                         |   | 2,162.3 |  |   |   |   | 2,044.4 |  |   |
|                          |   |   |   |   |   |   |   |
| Calvin Klein North America    |   |   |   |   |   |   |   |
| Net sales                     |   | 744.5 |  |   |   |   | 792.3 |  |   |
| Royalty revenue               |   | 64.9 |  |   |   |   | 66.0 |  |   |
| Advertising and other revenue |   | 23.4 |  |   |   |   | 23.7 |  |   |
| Total                         |   | 832.8 |  |   |   |   | 882.0 |  |   |
|                          |   |   |   |   |   |   |   |
| Calvin Klein International    |   |   |   |   |   |   |   |
| Net sales                     |   | 881.5 |  |   |   |   | 884.1 |  |   |
| Royalty revenue               |   | 35.8 |  |   |   |   | 34.5 |  |   |
| Advertising and other revenue |   | 12.8 |  |   |   |   | 14.5 |  |   |
| Total                         |   | 930.1 |  |   |   |   | 933.1 |  |   |
|                          |   |   |   |   |   |   |   |
| Total Calvin Klein            |   |   |   |   |   |   |   |
| Net sales                     |   | 1,626.0 |  |   |   |   | 1,676.4 |  |   |
| Royalty revenue               |   | 100.7 |  |   |   |   | 100.5 |  |   |
| Advertising and other revenue |   | 36.2 |  |   |   |   | 38.2 |  |   |
| Total                         |   | 1,762.9 |  |   |   |   | 1,815.1 |  |   |
|                          |   |   |   |   |   |   |   |
| Heritage Brands Wholesale     |   |   |   |   |   |   |   |
| Net sales                     |   | 654.7 |  |   |   |   | 642.8 |  |   |
| Royalty revenue               |   | 10.1 |  |   |   |   | 10.4 |  |   |
| Advertising and other revenue |   | 2.2 |  |   |   |   | 2.0 |  |   |
| Total                         |   | 667.0 |  |   |   |   | 655.2 |  |   |
|                          |   |   |   |   |   |   |   |
| Heritage Brands Retail        |   |   |   |   |   |   |   |
| Net sales                     |   | 126.0 |  |   |   |   | 131.3 |  |   |
| Royalty revenue               |   | 2.0 |  |   |   |   | 2.1 |  |   |
| Advertising and other revenue |   | 0.3 |   |   |   | 0.2 |  |   |
| Total                         |   | 128.3 |  |   |   |   | 133.6 |  |   |
|                          |   |   |   |   |   |   |   |
| Total Heritage Brands         |   |   |   |   |   |   |   |
| Net sales                     |   | 780.7 |  |   |   |   | 774.1 |  |   |
| Royalty revenue               |   | 12.1 |  |   |   |   | 12.5 |  |   |
| Advertising and other revenue |   | 2.5 |  |   |   |   | 2.2 |  |   |
| Total                         |   | 795.3 |  |   |   |   | 788.8 |  |   |
|                          |   |   |   |   |   |   |   |
| Total Revenue                 |   |   |   |   |   |   |   |
| Net sales                     |   | 4,486.3 |  |   |   |   | 4,416.7 |  |   |
| Royalty revenue               |   | 175.2 |  |   |   |   | 170.9 |  |   |
| Advertising and other revenue |   | 59.0 |  |   |   |   | 60.7 |  |   |
| Total                         |   | $ | 4,720.5 |  |   |   |   | $ | 4,648.3 |  |   |
|                          |   |   |   |   |   |   |   |

----

|                                               |
|-----------------------------------------------|
|                                               |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| PVH CORP.                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Segment Data (continued)                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| (In millions)                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| EARNINGS BEFORE INTEREST AND TAXES BY SEGMENT |   |   |   |   |
|                                          |   |   |   |   |   |   |   |
|                                          |   | Six Months Ended |   |   |   | Six Months Ended |   |
|                                          |   | 8/4/19 |   |   |   | 8/5/18 |   |
|                                          |   | Results |   |   |   |   |   |   |   | Results |   |   |   |   |   |
|                                          |   | Under |   |   |   | Non-GAAP |   |   |   | Under |   |   |   | Non-GAAP |   |
|                                          |   | GAAP |   | Adjustments(1) |   | Results |   |   |   | GAAP |   | Adjustments(2) |   | Results |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Tommy Hilfiger North America                  |   | $ | 33.6 |  |   | $ | (62.4 | ) |   | $ | 96.0 |  |   |   |   | $ | 115.0 |  |   |  |  |   | $ | 115.0 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Tommy Hilfiger International                  |   | 206.6 |  |   | (2.5 | ) |   | 209.1 |  |   |   |   | 151.0 |  |   | $ | (13.6 | ) |   | 164.6 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total Tommy Hilfiger                          |   | 240.2 |  |   | (64.9 | ) |   | 305.1 |  |   |   |   | 266.0 |  |   | (13.6 | ) |   | 279.6 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Calvin Klein North America                    |   | 12.7 |  |   | (90.6 | ) |   | 103.3 |  |   |   |   | 103.3 |  |   |  |  |   | 103.3 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Calvin Klein International                    |   | 53.5 |  |   | (62.6 | ) |   | 116.1 |  |   |   |   | 110.3 |  |   |  |  |   | 110.3 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total Calvin Klein                            |   | 66.2 |  |   | (153.2 | ) |   | 219.4 |  |   |   |   | 213.6 |  |   |  |  |   | 213.6 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Heritage Brands Wholesale                     |   | 53.0 |  |   | (0.4 | ) |   | 53.4 |  |   |   |   | 66.3 |  |   |  |  |   | 66.3 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Heritage Brands Retail                        |   | 4.1 |  |   |  |  |   | 4.1 |  |   |   |   | 7.9 |  |   |  |  |   | 7.9 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total Heritage Brands                         |   | 57.1 |  |   | (0.4 | ) |   | 57.5 |  |   |   |   | 74.2 |  |   |  |  |   | 74.2 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Corporate                                     |   | 21.4 |  |   | 104.4 |  |   | (83.0 | ) |   |   |   | (78.1 | ) |   |  |  |   | (78.1 | ) |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total earnings before interest and taxes      |   | $ | 384.9 |  |   | $ | (114.1 | ) |   | $ | 499.0 |  |   |   |   | $ | 475.7 |  |   | $ | (13.6 | ) |   | $ | 489.3 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

|           |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
|-----------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (1)  | The adjustments for the six months ended August 4, 2019 represent the elimination of (i) the costs related to the Calvin Klein restructuring; (ii) the costs in connection with the TH U.S. store closures; (iii) the costs in connection with the refinancing of the Company’s senior credit facilities; (iv) the noncash gain recorded to write up the Company’s equity investments in Gazal and PVH Australia to fair value in connection with the Australia acquisition; (v) the costs related to the Australia and TH CSAP acquisitions, primarily consisting of noncash valuation adjustments; (vi) the one-time costs recorded on the Company’s equity investments in Gazal and PVH Australia prior to the Australia acquisition closing; and (vii) the costs in connection with the Socks and hosiery transaction. |

|           |                                                                                                                                                                                               |
|-----------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (2)  | The adjustment for the six months ended August 5, 2018 represents the elimination of the costs related to the TH China acquisition, consisting of noncash amortization of short-lived assets. |

----

|                              |
|------------------------------|
|                              |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                         |   | GAAP Revenue |   | % Change |
|                         |   | Quarter Ended |   | GAAP |   | Negative Impact of Foreign Exchange |   | Constant Currency |
|                         |   | 8/4/19 |   | 8/5/18 |   |   |   |
|                         |   |   |   |   |   |   |   |   |   |   |
| Tommy Hilfiger North America |   | $ | 413.0 |  |   | $ | 436.6 |  |   | (5.4 | )% |   | (0.2 | )% |   | (5.2 | )% |
| Tommy Hilfiger International |   | 697.2 |  |   | 592.0 |  |   | 17.8 |  % |   | (4.2 | )% |   | 22.0 |  % |
| Total Tommy Hilfiger         |   | 1,110.2 |  |   | 1,028.6 |  |   | 7.9 |  % |   | (2.5 | )% |   | 10.4 |  % |
|                         |   |   |   |   |   |   |   |   |   |   |
| Calvin Klein North America   |   | $ | 408.8 |  |   | $ | 467.5 |  |   | (12.6 | )% |   | (0.2 | )% |   | (12.4 | )% |
| Calvin Klein International   |   | 464.5 |  |   | 457.6 |  |   | 1.4 |  % |   | (3.9 | )% |   | 5.3 |  % |
| Total Calvin Klein           |   | 873.3 |  |   | 925.1 |  |   | (5.6 | )% |   | (2.0 | )% |   | (3.6 | )% |
|                         |   |   |   |   |   |   |   |   |   |   |
| Total Revenue                |   | $ | 2,364.2 |  |   | $ | 2,333.7 |  |   | 1.3 |  % |   | (1.9 | )% |   | 3.2 |  % |

|                      |
|----------------------|
|                      |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                 |   | GAAP Revenue |   | % Change |
|                 |   | Six Months Ended |   | GAAP |   | Negative Impact of Foreign Exchange |   | Constant Currency |
|                 |   | 8/4/19 |   | 8/5/18 |   |   |   |
|                 |   |   |   |   |   |   |   |   |   |   |
| Total Tommy Hilfiger |   | $ | 2,162.3 |  |   | $ | 2,044.4 |  |   | 5.8 |  % |   | (4.0 | )% |   | 9.8 | % |
|                 |   |   |   |   |   |   |   |   |   |   |
| Total Calvin Klein   |   | $ | 1,762.9 |  |   | $ | 1,815.1 |  |   | (2.9 | )% |   | (3.0 | )% |   | 0.1 | % |
|                 |   |   |   |   |   |   |   |   |   |   |
| Total Revenue        |   | $ | 4,720.5 |  |   | $ | 4,648.3 |  |   | 1.6 |  % |   | (2.9 | )% |   | 4.5 | % |

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|                                                                              |
|------------------------------------------------------------------------------|
|                                                                              |  |  |  |  |  |  |
| 2019 Net Income Per Common Share Reconciliations                             |   |   |   |
|                                                                         |   |   |   |   |   |
|                                                                              |  | Current Guidance |   | Previous Guidance |
|                                                                              | Full Year2019(Estimated) | Third Quarter2019(Estimated) |   | Full Year2019 (Estimated) | Second Quarter2019(Estimated) |
|                                                                              |  |  |  |   |   |   |
| GAAP net income per common share attributable to PVH Corp.                   |  | $7.95 - $8.05 | $2.70 - $2.75 |   | $9.05 - $9.15 | $2.75 - $2.80 |
| Estimated per common share impact of items identified as non-GAAP exclusions |  | $(1.35) | $(0.25) |   | $(1.15) | $0.90 |
| Net income per common share attributable to PVH Corp. on a non-GAAP basis    |  | $9.30 - $9.40 | $2.95 - $3.00 |   | $10.20 - $10.30 | $1.85 - $1.90 |

|                                                                         |
|-------------------------------------------------------------------------|
|                                                                         |  |  |  |  |
| 2019 Tax Rate Reconciliations                                           |   | Full Year 2019 (Estimated) |   | Third Quarter 2019  (Estimated) |
|                                                                    |   |   |   |   |
| GAAP tax rate                                                           |   | 11.5% - 12.5% |   | 8% - 9% |
| Estimated tax rate impacts from items identified as non-GAAP exclusions |   | (2.5)% |   | 1.5% |
| Tax rate on a non-GAAP basis                                            |   | 14% - 15% |   | 6.5% - 7.5% |

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|                                                        |
|--------------------------------------------------------|
|                                                        |  |  |  |  |  |  |  |  |
| 2019 Constant Currency Revenue Reconciliations         |
|                                                   |   | Full Year 2019 (Estimated) (Consolidated) | Full Year 2019 (Estimated) (Tommy Hilfiger) | Full Year 2019 (Estimated) (Calvin Klein) |   | Third Quarter 2019 (Estimated) (Consolidated) | Third Quarter 2019 (Estimated) (Tommy Hilfiger) | Third Quarter 2019 (Estimated) (Calvin Klein) |
|                                                   |   |   |   |   |   |   |   |   |
| GAAP revenue increase (decrease)                       |   | 1% | 5% | (2)% |   | 1% | 5% | —% |
| Negative impact of foreign exchange                    |   | (2)% | (3)% | (2)% |   | (2)% | (3)% | (2)% |
| Non-GAAP revenue increase on a constant currency basis |   | 3% | 8% | —% |   | 3% | 8% | 2% |

|                                                                                                                                                |
|------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Reconciliations 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 2018 |   | Third Quarter 2018 |
|                                                                                                                                           |   | (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                                                                                                                                     |   | $ | 746.4 |  |   | $ | 4.0 |  |   | $ | 742.4 |  |   | $ | 243.1 |  |   | $ | (4.7 | ) |   | $ | 247.8 |  |
| Total weighted average shares                                                                                                                  |   | 77.3 |  |   |   |   | 77.3 |  |   | 77.1 |  |   |   |   | 77.1 |  |
|                                                                                                                                           |   |   |   |   |   |   |   |   |   |   |   |   |
| Diluted net income per common share                                                                                                            |   | $ | 9.65 |  |   |   |   | $ | 9.60 |  |   | $ | 3.15 |  |   |   |   | $ | 3.21 |  |