|         |                                                                                                                  |
|---------|------------------------------------------------------------------------------------------------------------------|
| • | SECOND QUARTER EPS ON A NON-GAAP BASIS OF $1.37 EXCEEDED PREVIOUS GUIDANCE OF $1.25 to $1.30; GAAP EPS WAS $1.22 |

|         |                                                                                                                            |
|---------|----------------------------------------------------------------------------------------------------------------------------|
| • | COMPANY RAISES FULL YEAR 2015 EPS GUIDANCE TO $6.90 TO $7.00 ON A NON-GAAP BASIS, FROM PREVIOUS GUIDANCE OF $6.85 TO $6.95 |

|         |                                                                                                                                                                         |
|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | FULL YEAR 2015 EPS ON A NON-GAAP AND CONSTANT CURRENCY BASIS IS CURRENTLY EXPECTED TO GROW 12% TO 14% COMPARED TO PRIOR YEAR, EXCEEDING PREVIOUS GUIDANCE OF 11% TO 12% |

|         |                                                                                                                                                                                         |
|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | 2015 SECOND QUARTER EPS AND FULL YEAR EPS GUIDANCE ON A NON-GAAP BASIS INCLUDE A NEGATIVE IMPACT OF $0.31 AND $1.30, RESPECTIVELY, PRIMARILY RELATED TO FOREIGN CURRENCY EXCHANGE RATES |

----

|         |                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Earnings per share on a non-GAAP basis was $1.37, inclusive of a $0.31 negative impact primarily related to foreign currency exchange rates compared to the prior year. Earnings per share on a non-GAAP basis excluding the negative impact primarily related to foreign currency exchange rates was $1.68, or an increase of 11% compared to the prior year’s second quarter earnings per share on a non-GAAP basis of $1.51. |

|         |                                                                                                |
|---------|------------------------------------------------------------------------------------------------|
| • | GAAP earnings per share was $1.22 compared to $1.52 for the prior year’s second quarter. |

|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Revenue increased 2% on a constant currency basis (decreased 6% on a GAAP basis) compared to the prior year’s second quarter revenue of $1.98 billion. As compared to the prior year’s second quarter, revenues increased 5% in the Tommy Hilfiger business on a constant currency basis (decreased 7% on a GAAP basis); increased 3% in the Calvin Klein business on a constant currency basis (decreased 4% on a GAAP basis); and decreased 6% in the Heritage Brands business. |

----

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----

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|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | A 4% increase on a constant currency basis (3% decrease on a GAAP basis) in the Calvin Klein business compared to the prior year period, primarily driven by strong performance in Europe, as well as in Asia, which included a benefit due to the Chinese New Year, as the first quarter of fiscal 2015 included a Chinese New Year while the first quarter of fiscal 2014 did not. International retail comparable store sales increased 6%. North America retail comparable store sales increased 2% despite the decreased traffic and spending trends in the Company’s U.S. stores located in international tourist locations as a result of the strengthening U.S. dollar. |

|         |                                                                                                                                                                 |
|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | A 3% increase on a constant currency basis (9% decrease on a GAAP basis) in the Tommy Hilfiger business compared to the prior year period. Tommy Hilfiger North |

----

|         |                                                                                                                                                                                                                                                                                                                    |
|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Relatively flat revenue in the Heritage Brands business compared to the prior year period, as an 11% retail comparable store sales increase in the Van Heusen business was offset by the prior year’s second quarter having the benefit of the sales attributable to the launch of IZOD at Kohl’s. |

----

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|         |                                                                                                                                                                                                                                                                                                                                               |
|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Pre-tax costs of approximately $55 million expected to be incurred in 2015 in connection with the integration of Warnaco and the related restructuring, of which $19 million was incurred in the first quarter, $13 million was incurred in the second quarter and approximately $15 million is expected to be incurred in the third quarter. |

|         |                                                                                                                                                                                                                                                                                                                          |
|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Pre-tax costs of approximately $15 million expected to be incurred in 2015 related to operating and exiting the Izod retail business, of which $1 million was incurred in the first quarter, $6 million was incurred in the second quarter and approximately $8 million is expected to be incurred in the third quarter. |

|         |                                                                                                                                                                                                                                                                                            |
|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Pre-tax costs of approximately $6 million expected to be incurred in 2015 related to exiting various product lines in the dress furnishings business, of which $3 million was incurred in the second quarter and approximately $3 million is expected to be incurred in the third quarter. |

|         |                                                                                                                                                                                             |
|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | A pre-tax gain of $2 million recorded in the second quarter of 2015 on the Company’s equity investment in Kingdom Holding 1 B.V., the parent company of the Karl Lagerfeld brand. |

|         |                                                                                                                                                                                                                     |
|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Discrete tax benefits of $3 million recorded in 2015 related to the resolution of uncertain tax positions, of which $2 million was incurred in the first quarter and $1 million was incurred in the second quarter. |

|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Pre-tax costs of $138 million incurred in 2014 in connection with (i) the integration of Warnaco and the related restructuring, including a pre-tax gain resulting from the deconsolidation of certain Calvin Klein subsidiaries in Australia and New Zealand, which were transferred to the Company’s joint venture there, and the previously consolidated Calvin Klein joint venture in India, which the Company effectively no longer controls; (ii) the sale of the G.H. Bass & Co. business, which closed in the fourth quarter of 2013 (as certain costs related to the sale were incurred in 2014); (iii) the impairment of certain Tommy Hilfiger stores in North America in the second quarter of 2014; and (iv) costs incurred in connection with the exit of a discontinued product line in the Tommy Hilfiger Japan business. Of the total costs, $26 million was incurred in |

----

|         |                                                                                                                                                                                                  |
|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Pre-tax costs of $21 million incurred in the fourth quarter of 2014 related to the exit of the Izod retail business, which includes $18 million of noncash charges related to asset impairments. |

|         |                                                                                                                                                                                                                         |
|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Pre-tax costs of $93 million recorded in the first quarter of 2014 associated with the amendment and restatement of the Company’s credit facility and the related redemption of its 7 3/8% senior notes due 2020. |

|         |                                                                                                                                      |
|---------|--------------------------------------------------------------------------------------------------------------------------------------|
| • | A pre-tax expense of $139 million recorded in the fourth quarter of 2014 related to recognized actuarial losses on retirement plans. |

|         |                                                                                                                                                                                                                                                                                                                     |
|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Discrete tax benefits of $92 million in 2014 primarily related to various Warnaco integration activities and the resolution of uncertain tax positions, of which $30 million was recorded in the second quarter, $25 million was recorded in the third quarter and  $37 million was recorded in the fourth quarter. |

|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Estimated tax effects associated with the above pre-tax items, which are based on the Company’s assessment of deductibility. In making this assessment, the Company evaluated each item that it 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 |   |   |
|                                                               |   | 8/2/15 |   | 8/3/14 |   |   |   | 8/2/15 |   | 8/3/14 |   |   |
|                                                               |   |   |   |   |   |   |   |   |   |   |   |   |
| Net sales                                                          |   | $ | 1,765.9 |  |   | $ | 1,890.5 |  |   |   |   | $ | 3,551.0 |  |   | $ | 3,762.0 |  |   |   |
| Royalty revenue                                                    |   | 75.4 |  |   | 65.3 |  |   |   |   | 149.6 |  |   | 134.7 |  |   |   |
| Advertising and other revenue                                      |   | 22.7 |  |   | 19.8 |  |   |   |   | 42.7 |  |   | 42.6 |  |   |   |
| Total revenue                                                      |   | $ | 1,864.0 |  |   | $ | 1,975.6 |  |   |   |   | $ | 3,743.3 |  |   | $ | 3,939.3 |  |   |   |
|                                                               |   |   |   |   |   |   |   |   |   |   |   |   |
| Gross profit on net sales                                          |   | $ | 904.0 |  |   | $ | 969.6 |  |   |   |   | $ | 1,795.4 |  |   | $ | 1,910.6 |  |   |   |
| Gross profit on royalty, advertising and other revenue             |   | 98.1 |  |   | 85.1 |  |   |   |   | 192.3 |  |   | 177.3 |  |   |   |
| Total gross profit                                                 |   | 1,002.1 |  |   | 1,054.7 |  |   |   |   | 1,987.7 |  |   | 2,087.9 |  |   |   |
|                                                               |   |   |   |   |   |   |   |   |   |   |   |   |
| Selling, general and administrative expenses                       |   | 850.5 |  |   | 895.8 |  |   |   |   | 1,665.4 |  |   | 1,754.9 |  |   |   |
|                                                               |   |   |   |   |   |   |   |   |   |   |   |   |
| Debt modification and extinguishment costs                         |   |  |  |   |  |   |   |   |  |   | 93.1 |  |   |   |
|                                                               |   |   |   |   |   |   |   |   |   |   |   |   |
| Equity in net income of unconsolidated affiliates                  |   | 2.5 |  |   | 0.4 |  |   |   |   | 8.6 |  |   | 3.9 |  |   |   |
|                                                               |   |   |   |   |   |   |   |   |   |   |   |   |
| Earnings before interest and taxes                                 |   | 154.1 |  |   | 159.3 |  |   |   |   | 330.9 |  |   | 243.8 |  |   |   |
|                                                               |   |   |   |   |   |   |   |   |   |   |   |   |
| Interest expense, net                                              |   | 28.0 |  |   | 33.8 |  |   |   |   | 57.8 |  |   | 74.4 |  |   |   |
|                                                               |   |   |   |   |   |   |   |   |   |   |   |   |
| Pre-tax income                                                     |   | 126.1 |  |   | 125.5 |  |   |   |   | 273.1 |  |   | 169.4 |  |   |   |
|                                                               |   |  |  |   |   |   |   |   |   |   |   |   |   |
| Income tax expense (benefit)                                       |   | 23.9 |  |   | (1.0 | ) |   |   |   | 56.8 |  |   | 7.7 |  |   |   |
|                                                               |   |   |   |   |   |   |   |   |   |   |   |   |
| Net income                                                         |   | 102.2 |  |   | 126.5 |  |   |   |   | 216.3 |  |   | 161.7 |  |   |   |
|                                                               |   |   |   |   |   |   |   |   |   |   |   |   |
| Less: Net loss attributable to redeemable non-controlling interest |   |  |  |   |  |  |   |   |   |  |   | (0.1 | ) |   |   |
|                                                               |   |   |   |   |   |   |   |   |   |   |   |   |
| Net income attributable to PVH Corp.                               |   | $ | 102.2 |  |   | $ | 126.5 |  |   |   |   | $ | 216.3 |  |   | $ | 161.8 |  |   |   |
|                                                               |   |   |   |   |   |   |   |   |   |   |   |   |
| Diluted net income per common share attributable to PVH Corp.(1)   |   | $ | 1.22 |  |   | $ | 1.52 |  |   |   |   | $ | 2.59 |  |   | $ | 1.94 |  |   |   |
|                                                               |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                               |   | Quarter Ended |   |   |   | Six Months Ended |   |   |
|                                                               |   | 8/2/15 |   | 8/3/14 |   |   |   | 8/2/15 |   | 8/3/14 |   |   |
|                                                               |   |   |   |   |   |   |   |   |   |   |   |   |
| Depreciation and amortization expense                              |   | $ | 63.0 |  |   | $ | 60.4 |  |   |   |   | $ | 124.0 |  |   | $ | 121.1 |  |   |   |
|                                                               |   |   |   |   |   |   |   |   |   |   |   |

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

----

|                                                                  |
|------------------------------------------------------------------|
|                                                                  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                             |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                             |   | Quarter Ended |   |   |   | Six Months Ended |   |   |
|                                                             |   | 8/2/15 |   | 8/3/14 |   |   |   | 8/2/15 |   | 8/3/14 |   |   |
|                                                             |   |   |   |   |   |   |   |   |   |   |   |   |
| Non-GAAP Measures                                                |   |   |   |   |   |   |   |   |   |   |   |   |
| Total gross profit(1)                                            |   | $ | 991.8 |  |   |  |  |   |   |   | $ | 1,962.4 |  |   | $ | 2,088.9 |  |   |   |
| Selling, general and administrative expenses(2)                  |   | 818.0 |  |   | $ | 849.5 |  |   |   |   | 1,598.6 |  |   | 1,684.0 |  |   |   |
| Equity in net income of unconsolidated affiliates(3)             |   | 0.3 |  |   |  |  |   |   |   | 6.4 |  |   |  |  |   |   |
| Earnings before interest and taxes(4)                            |   | 174.1 |  |   | 205.6 |  |   |   |   | 370.2 |  |   | 408.8 |  |   |   |
| Income tax expense(5)                                            |   | 31.4 |  |   | 46.3 |  |   |   |   | 73.0 |  |   | 86.9 |  |   |   |
| Net income attributable to PVH Corp.(6)                          |   | 114.7 |  |   | 125.5 |  |   |   |   | 239.4 |  |   | 247.6 |  |   |   |
| Diluted net income per common share attributable to PVH Corp.(7) |   | $ | 1.37 |  |   | $ | 1.51 |  |   |   |   | $ | 2.87 |  |   | $ | 2.98 |  |   |   |
|                                                             |   |   |   |   |   |   |   |   |   |   |   |   |
| Depreciation and amortization expense(8)                         |   | $ | 61.3 |  |   | $ | 59.0 |  |   |   |   | $ | 120.8 |  |   | $ | 118.1 |  |   |   |
|                                                             |   |   |   |   |   |   |   |   |   |

|                                                                                                                                                                                                                                                                                |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                                                                                                                |
| (1)    Please see Table 3 for reconciliations of GAAP gross profit to gross profit on a non-GAAP basis.                                                                                                                                                    |
| (2)    Please see Table 4 for reconciliations of GAAP selling, general and administrative expenses (“SG&A”) to SG&A on a non-GAAP basis.                                                                                               |
| (3)    Please see Table 5 for reconciliations of GAAP equity in net income of unconsolidated affiliates to equity in net income of unconsolidated affiliates on a non-GAAP basis.                                                                          |
| (4)    Please see Table 2 for reconciliations of GAAP earnings before interest and taxes to earnings before interest and taxes on a non-GAAP basis.                                                                                                        |
| (5)    Please see Table 6 for reconciliations of GAAP income tax expense (benefit) 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. |
| (6)    Please see Table 1 for reconciliations of GAAP net income to net income on a non-GAAP basis.                                                                                                                                                        |
| (7)    Please see Note A in the Notes to Consolidated GAAP Income Statements for reconciliations of GAAP diluted net income per common share to diluted net income per common share on a non-GAAP basis.                                                   |
| (8)    Please see Table 7 for reconciliations of GAAP depreciation and amortization expense to depreciation and amortization expense on a non-GAAP basis.                                                                                                  |

----

|                                                                                                                                                                                                                            |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                                                            |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Table 1 - Reconciliations of GAAP net income to net income on a non-GAAP basis                                                                                                                                             |   |   |   |   |   |   |   |   |
|                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                                                                                       |   | Quarter Ended |   |   |   | Six Months Ended |   |   |
|                                                                                                                                                                                                                       |   | 8/2/15 |   | 8/3/14 |   |   |   | 8/2/15 |   | 8/3/14 |   |   |
|                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| Net income attributable to PVH Corp.                                                                                                                                                                                       |   | $ | 102.2 |  |   | $ | 126.5 |  |   |   |   | $ | 216.3 |  |   | $ | 161.8 |  |   |   |
|                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| Diluted net income per common share attributable to PVH Corp.(1)                                                                                                                                                           |   | $ | 1.22 |  |   | $ | 1.52 |  |   |   |   | $ | 2.59 |  |   | $ | 1.94 |  |   |   |
|                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| Items excluded:                                                                                                                                                                                                            |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| Gross profit charges associated with integration of Warnaco and related restructuring                                                                                                                                      |   |  |   |  |   |   |   |  |   | 1.0 |  |   |   |
|                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| Gross profit associated with operation of and exit from Izod retail business                                                                                                                                               |   | (10.3 | ) |   |   |   |   |   | (25.3 | ) |   |   |   |   |
|                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| SG&A expenses associated with integration of Warnaco and related restructuring                                                                                                                                         |   | 13.1 |  |   | 44.0 |  |   |   |   | 31.9 |  |   | 75.6 |  |   |   |
|                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| SG&A expenses associated with operation of and exit from Izod retail business                                                                                                                                          |   | 16.1 |  |   |   |   |   |   | 31.6 |  |   |   |   |   |
|                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| SG&A expenses associated with exiting various product lines in the dress furnishings business                                                                                                                          |   | 3.3 |  |   |  |   |   |   | 3.3 |  |   |  |   |   |
|                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| Gain recorded on the equity investment in Kingdom Holding 1 B.V., the parent company of the Karl Lagerfeld brand (recorded in equity in net income of unconsolidated affiliates)                                      |   | (2.2 | ) |   |  |   |   |   | (2.2 | ) |   |  |   |   |
|                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| Impairment of certain Tommy Hilfiger North America stores (recorded in SG&A)                                                                                                                                           |   |   |   | 2.3 |  |   |   |   |   |   | 2.3 |  |   |   |
|                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| Costs associated with the sale of Bass (recorded in SG&A)                                                                                                                                                              |   |  |   |  |   |   |   |  |   | 1.0 |  |   |   |
|                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| Net gain on deconsolidation of subsidiaries and consolidated joint venture (recorded in SG&A)                                                                                                                          |   |  |   |  |   |   |   |  |   | (8.0 | ) |   |   |
|                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| Debt modification and extinguishment costs                                                                                                                                                                                 |   |  |   |  |   |   |   |  |   | 93.1 |  |   |   |
|                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| Tax effect of the items above(2)                                                                                                                                                                                           |   | (6.8 | ) |   | (17.3 | ) |   |   |   | (13.2 | ) |   | (49.2 | ) |   |   |
|                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| Discrete tax benefits related to the resolution of uncertain tax positions                                                                                                                                                 |   | (0.7 | ) |   | (30.0 | ) |   |   |   | (3.0 | ) |   | (30.0 | ) |   |   |
|                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| Net income on a non-GAAP basis attributable to PVH Corp.                                                                                                                                                                   |   | $ | 114.7 |  |   | $ | 125.5 |  |   |   |   | $ | 239.4 |  |   | $ | 247.6 |  |   |   |
|                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| Diluted net income per common share on a non-GAAP basis attributable to PVH Corp.(1)                                                                                                                                       |   | $ | 1.37 |  |   | $ | 1.51 |  |   |   |   | $ | 2.87 |  |   | $ | 2.98 |  |   |   |
|                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| (1)   Please see Note A in the Notes to the Consolidated GAAP Income Statements for reconciliations of GAAP diluted net income per common share to diluted net income per common share on a non-GAAP basis. |
| (2)   Please see Table 6 for an explanation of the calculation of the tax effects of the above items.                                                                                                       |

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|                                                                                                                                                                                       |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                       |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| 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 |   |   |
|                                                                                                                                                                                  |   | 8/2/15 |   | 8/3/14 |   |   |   | 8/2/15 |   | 8/3/14 |   |   |
|                                                                                                                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |
| Earnings before interest and taxes                                                                                                                                                    |   | $ | 154.1 |  |   | $ | 159.3 |  |   |   |   | $ | 330.9 |  |   | $ | 243.8 |  |   |   |
|                                                                                                                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |
| Items excluded:                                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |
| Gross profit charges associated with integration of Warnaco and related restructuring                                                                                                 |   |  |   |  |   |   |   |  |   | 1.0 |  |   |   |
|                                                                                                                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |
| Gross profit associated with operation of and exit from Izod retail business                                                                                                          |   | (10.3 | ) |   |   |   |   |   | (25.3 | ) |   |   |   |   |
|                                                                                                                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |
| SG&A expenses associated with operation of and exit from Izod retail business                                                                                                     |   | 16.1 |  |   |   |   |   |   | 31.6 |  |   |   |   |   |
|                                                                                                                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |
| SG&A expenses associated with integration of Warnaco and related restructuring                                                                                                    |   | 13.1 |  |   | 44.0 |  |   |   |   | 31.9 |  |   | 75.6 |  |   |   |
|                                                                                                                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |
| SG&A expenses associated with exiting various product lines in the dress furnishings business                                                                                     |   | 3.3 |  |   |  |   |   |   | 3.3 |  |   |  |   |   |
|                                                                                                                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |
| Gain recorded on the equity investment in Kingdom Holding 1 B.V., the parent company of the Karl Lagerfeld brand (recorded in equity in net income of unconsolidated affiliates) |   | (2.2 | ) |   |  |   |   |   | (2.2 | ) |   |  |   |   |
|                                                                                                                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |
| Impairment of certain Tommy Hilfiger North America stores (recorded in SG&A)                                                                                                      |   |   |   | 2.3 |  |   |   |   |   |   | 2.3 |  |   |   |
|                                                                                                                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |
| Costs associated with the sale of Bass (recorded in SG&A)                                                                                                                         |   |  |   |  |   |   |   |  |  |   | 1.0 |  |   |   |
|                                                                                                                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |
| Net gain on deconsolidation of subsidiaries and consolidated joint venture (recorded in SG&A)                                                                                     |   |  |   |  |   |   |   |  |   | (8.0 | ) |   |   |
|                                                                                                                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |
| Debt modification and extinguishment costs                                                                                                                                            |   |  |   |  |   |   |   |  |   | 93.1 |  |   |   |
|                                                                                                                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |
| Earnings before interest and taxes on a non-GAAP basis                                                                                                                                |   | $ | 174.1 |  |   | $ | 205.6 |  |   |   |   | $ | 370.2 |  |   | $ | 408.8 |  |   |   |
|                                                                                                                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |

----

|                                                                                       |
|---------------------------------------------------------------------------------------|
|                                                                                       |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Table 3 - Reconciliations of GAAP gross profit to gross profit on a non-GAAP basis    |   |   |
|                                                                                  |   |   |   |   |   |   |   |   |   |   |
|                                                                                  |   | Quarter Ended |   |   |   | Six Months Ended |   |   |
|                                                                                  |   | 8/2/15 |   |   |   | 8/2/15 |   | 8/3/14 |   |   |
|                                                                                  |   |   |   |   |   |   |   |   |   |   |
| Gross profit                                                                          |   | $ | 1,002.1 |  |   |   |   | $ | 1,987.7 |  |   | $ | 2,087.9 |  |   |   |
|                                                                                  |   |   |   |   |   |   |   |   |   |   |
| Items excluded:                                                                       |   |   |   |   |   |   |   |   |   |   |
|                                                                                  |   |   |   |   |   |   |   |   |   |   |
| Gross profit charges associated with integration of Warnaco and related restructuring |   |   |   |   |   |   |   | 1.0 |  |   |   |
|                                                                                  |   |   |   |   |   |   |   |   |   |   |
| Gross profit associated with operation of and exit from Izod retail business          |   | (10.3 | ) |   |   |   | (25.3 | ) |   |   |   |   |
|                                                                                  |   |   |   |   |   |   |   |   |   |   |
| Gross profit on a non-GAAP basis                                                      |   | $ | 991.8 |  |   |   |   | $ | 1,962.4 |  |   | $ | 2,088.9 |  |   |   |
|                                                                                  |   |   |   |   |   |   |   |   |   |   |

|                                                                                                   |
|---------------------------------------------------------------------------------------------------|
|                                                                                                   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Table 4 - Reconciliations of GAAP SG&A to SG&A on a non-GAAP basis                        |   |   |
|                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                              |   | Quarter Ended |   |   |   | Six Months Ended |   |   |
|                                                                                              |   | 8/2/15 |   | 8/3/14 |   |   |   | 8/2/15 |   | 8/3/14 |   |   |
|                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |
| SG&A                                                                                          |   | $ | 850.5 |  |   | $ | 895.8 |  |   |   |   | $ | 1,665.4 |  |   | $ | 1,754.9 |  |   |   |
|                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |
| Items excluded:                                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |
| SG&A expenses associated with integration of Warnaco and related restructuring                |   | (13.1 | ) |   | (44.0 | ) |   |   |   | (31.9 | ) |   | (75.6 | ) |   |   |
|                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |
| SG&A expenses associated with operation of and exit from Izod retail business                 |   | (16.1 | ) |   |  |  |   |   |   | (31.6 | ) |   |   |   |   |
|                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |
| SG&A expenses associated with exiting various product lines in the dress furnishings business |   | (3.3 | ) |   |  |  |   |   |   | (3.3 | ) |   |  |  |   |   |
|                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |
| Impairment of certain Tommy Hilfiger North America stores                                         |   |  |  |   | (2.3 | ) |   |   |   |   |   | (2.3 | ) |   |   |
|                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |
| Costs associated with the sale of Bass                                                            |   |  |  |   |  |   |   |   |  |  |   | (1.0 | ) |   |   |
|                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |
| Net gain on deconsolidation of subsidiaries and consolidated joint venture                        |   |  |  |   |  |  |   |   |   |  |  |   | 8.0 |  |   |   |
|                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |
| SG&A on a non-GAAP basis                                                                      |   | $ | 818.0 |  |   | $ | 849.5 |  |   |   |   | $ | 1,598.6 |  |   | $ | 1,684.0 |  |   |   |
|                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |

----

|                                                                                                                                                              |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                              |  |  |  |  |  |  |  |  |  |  |  |  |
| Table 5 - Reconciliations of GAAP equity in net income of unconsolidated affiliates to equity in net income of unconsolidated affiliates on a non-GAAP basis |
|                                                                                                                                                         |   |   |   |   |   |   |   |   |
|                                                                                                                                                         |   | Quarter Ended |   |   |   | Six Months Ended |   |   |
|                                                                                                                                                         |   | 8/2/15 |   |   |   | 8/2/15 |   |   |
|                                                                                                                                                         |   |   |   |   |   |   |   |   |
| Equity in net income of unconsolidated affiliates                                                                                                            |   | $ | 2.5 |  |   |   |   | $ | 8.6 |  |   |   |
|                                                                                                                                                         |   |   |   |   |   |   |   |   |
| Items excluded:                                                                                                                                              |   |   |   |   |   |   |   |   |
|                                                                                                                                                         |   |   |   |   |   |   |   |   |
| Gain recorded on the equity investment in Kingdom Holding 1 B.V., the parent company of the Karl Lagerfeld brand                                        |   | (2.2 | ) |   |   |   | (2.2 | ) |   |   |
|                                                                                                                                                         |   |   |   |   |   |   |   |   |
| Equity in net income of unconsolidated affiliates on a non-GAAP basis                                                                                        |   | $ | 0.3 |  |   |   |   | $ | 6.4 |  |   |   |
|                                                                                                                                                         |   |   |   |   |   |   |   |   |

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Table 6 - Reconciliations of GAAP income tax expense (benefit) to income tax expense on a non-GAAP basis                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   | Quarter Ended |   |   |   | Six Months Ended |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   | 8/2/15 |   | 8/3/14 |   |   |   | 8/2/15 |   | 8/3/14 |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |
| Income tax expense (benefit)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |   | $ | 23.9 |  |   | $ | (1.0 | ) |   |   |   | $ | 56.8 |  |   | $ | 7.7 |  |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |
| Items excluded:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |
| Tax effects of pre-tax items identified as non-GAAP exclusions (1)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   | 6.8 |  |   | 17.3 |  |   |   |   | 13.2 |  |   | 49.2 |  |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |
| Discrete tax benefits related to the resolution of uncertain tax positions                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   | 0.7 |  |   | 30.0 |  |   |   |   | 3.0 |  |   | 30.0 |  |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |
| Income tax expense on a non-GAAP basis                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   | $ | 31.4 |  |   | $ | 46.3 |  |   |   |   | $ | 73.0 |  |   | $ | 86.9 |  |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |
| (1)  The estimated tax effects of the Company’s non-GAAP exclusions are based on the Company’s assessment of taxability and deductibility. In making this assessment, the Company evaluated each pre-tax item that it has identified as a non-GAAP exclusion to determine if such item is taxable or tax deductible and, if so, in what jurisdiction the tax expense or tax deduction would occur. All of the pre-tax items identified as non-GAAP exclusions were assumed to be either primarily taxable or tax deductible, with the tax effect taken at the statutory income tax rate of the local jurisdiction, or as non-taxable or non-deductible, in which case the Company assumed no tax effect. |

----

|                                                                                                                                      |
|--------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                      |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Table 7 - Reconciliations of GAAP depreciation and amortization expense to depreciation and amortization expense on a non-GAAP basis |   |   |
|                                                                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                 |   | Quarter Ended |   |   |   | Six Months Ended |   |   |
|                                                                                                                                 |   | 8/2/15 |   | 8/3/14 |   |   |   | 8/2/15 |   | 8/3/14 |   |   |
|                                                                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |
| Depreciation and amortization expense                                                                                                |   | $ | 63.0 |  |   | $ | 60.4 |  |   |   |   | $ | 124.0 |  |   | $ | 121.1 |  |   |   |
|                                                                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |
| Items excluded:                                                                                                                      |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |
| Depreciation and amortization associated with integration of Warnaco and related restructuring                                       |   | (1.7 | ) |   | (1.4 | ) |   |   |   | (3.2 | ) |   | (3.0 | ) |   |   |
|                                                                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |
| Depreciation and amortization expense on a non-GAAP basis                                                                            |   | $ | 61.3 |  |   | $ | 59.0 |  |   |   |   | $ | 120.8 |  |   | $ | 118.1 |  |   |   |
|                                                                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |

----

|                                                               |
|---------------------------------------------------------------|
|                                                               |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                          |   | Quarter Ended |   |   |   | Quarter Ended |
|                                                          |   | 8/2/15 |   |   |   | 8/3/14 |
|                                                          |   | GAAP |   |   |   | Non-GAAP |   |   |   | GAAP |   |   |   | Non-GAAP |   |
|                                                          |   | Results |   | Adjustments | (1)  | Results |   |   |   | Results |   | Adjustments | (2)  | Results |   |
|                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net income attributable to PVH Corp.                          |   | $ | 102.2 |  |   | $ | (12.5 | ) |   | $ | 114.7 |  |   |   |   | $ | 126.5 |  |   | $ | 1.0 |  |   | $ | 125.5 |  |   |
|                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Weighted average common shares                                |   | 82.7 |  |   |   |   | 82.7 |  |   |   |   | 82.3 |  |   |   |   | 82.3 |  |   |
| Weighted average dilutive securities                          |   | 0.8 |  |   |  |  |   | 0.8 |  |   |   |   | 0.9 |  |   |  |   | 0.9 |  |   |
| Total shares                                                  |   | 83.5 |  |   |   |   | 83.5 |  |   |   |   | 83.2 |  |   |   |   | 83.2 |  |   |
|                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Diluted net income per common share attributable to PVH Corp. |   | $ | 1.22 |  |   |   |   | $ | 1.37 |  |   |   |   | $ | 1.52 |  |   |   |   | $ | 1.51 |  |   |
|                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

|                                                               |
|---------------------------------------------------------------|
|                                                               |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                          |   | Six Months Ended |   |   |   | Six Months Ended |   |
|                                                          |   | 8/2/15 |   |   |   | 8/3/14 |   |
|                                                          |   | GAAP |   |   |   | Non-GAAP |   |   |   | GAAP |   |   |   | Non-GAAP |   |
|                                                          |   | Results |   | Adjustments | (1)  | Results |   |   |   | Results |   | Adjustments | (2)  | Results |   |
|                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net income attributable to PVH Corp.                          |   | $ | 216.3 |  |   | $ | (23.1 | ) |   | $ | 239.4 |  |   |   |   | $ | 161.8 |  |   | $ | (85.8 | ) |   | $ | 247.6 |  |   |
|                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Weighted average common shares                                |   | 82.6 |  |   |   |   | 82.6 |  |   |   |   | 82.3 |  |   |   |   | 82.3 |  |   |
| Weighted average dilutive securities                          |   | 0.8 |  |   |  |  |   | 0.8 |  |   |   |   | 0.9 |  |   |   |   | 0.9 |  |   |
| Total shares                                                  |   | 83.4 |  |   |   |   | 83.4 |  |   |   |   | 83.2 |  |   |   |   | 83.2 |  |   |
|                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Diluted net income per common share attributable to PVH Corp. |   | $ | 2.59 |  |   |   |   | $ | 2.87 |  |   |   |   | $ | 1.94 |  |   |   |   | $ | 2.98 |  |   |
|                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

|           |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
|-----------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (1)  | Represents the impact on net income in the periods ended August 2, 2015 from the elimination of (i) the costs incurred in connection with the Company’s integration of Warnaco and the related restructuring; (ii) the costs incurred in connection with operating and exiting the Izod retail business; (iii) the costs incurred in connection with exiting various product lines in the dress furnishings business; (iv) the gain recorded on the equity investment in Kingdom Holding 1 B.V., the parent company of the Karl Lagerfeld brand; (v) the tax effects associated with the foregoing items; and (vi) the tax benefits associated with non-recurring discrete items related to the resolution of uncertain tax positions. Please see Table 1 for a reconciliation of GAAP net income to net income on a non-GAAP basis. |

----

|                                            |
|--------------------------------------------|
|                                            |  |  |  |  |  |  |  |
|                                       | 8/2/15 |   | 8/3/14 |
| ASSETS                                     |   |   |   |
| Current Assets:                            |   |   |   |
| Cash and Cash Equivalents                  | $ | 466.7 |  |   | $ | 461.1 |  |
| Receivables                                | 617.8 |  |   | 767.3 |  |
| Inventories                                | 1,402.6 |  |   | 1,365.4 |  |
| Other Current Assets                       | 332.7 |  |   | 400.7 |  |
| Total Current Assets                       | 2,819.8 |  |   | 2,994.5 |  |
| Property, Plant and Equipment              | 708.9 |  |   | 703.6 |  |
| Goodwill and Other Intangible Assets       | 6,920.8 |  |   | 7,558.8 |  |
| Other Assets                               | 295.5 |  |   | 328.4 |  |
|                                       | $ | 10,745.0 |  |   | $ | 11,585.3 |  |
|                                       |   |   |   |
| LIABILITIES AND STOCKHOLDERS’ EQUITY |   |   |   |
| Accounts Payable and Accrued Expenses      | $ | 1,249.2 |  |   | $ | 1,339.6 |  |
| Short-Term Borrowings                      | 8.1 |  |   | 165.2 |  |
| Current Portion of Long-Term Debt          | 111.7 |  |   | 99.3 |  |
| Other Liabilities                          | 1,704.0 |  |   | 1,808.0 |  |
| Long-Term Debt                             | 3,262.2 |  |   | 3,642.9 |  |
| Stockholders’ Equity                 | 4,409.8 |  |   | 4,530.3 |  |
|                                       | $ | 10,745.0 |  |   | $ | 11,585.3 |  |

----

|                               |
|-------------------------------|
|                               |  |  |  |  |  |  |  |  |  |  |  |
| PVH CORP.                     |   |   |   |   |   |   |   |
| Segment Data                  |   |   |   |   |   |   |   |
| (In millions)                 |   |   |   |   |   |   |   |
|                          |   |   |   |   |   |   |   |
| REVENUE BY SEGMENT            |   |   |   |   |   |   |   |
|                          |   | Quarter Ended |   |   |   | Quarter Ended |   |
|                          |   | 8/2/15 |   |   |   | 8/3/14 |   |
|                          |   |   |   |   |   |   |   |
| Calvin Klein North America    |   |   |   |   |   |   |   |
| Net sales                     |   | $ | 317.6 |  |   |   |   | $ | 333.0 |  |   |
| Royalty revenue               |   | 29.5 |  |   |   |   | 23.6 |  |   |
| Advertising and other revenue |   | 11.1 |  |   |   |   | 9.4 |  |   |
| Total                         |   | 358.2 |  |   |   |   | 366.0 |  |   |
|                          |   |   |   |   |   |   |   |
| Calvin Klein International    |   |   |   |   |   |   |   |
| Net sales                     |   | 264.8 |  |   |   |   | 284.8 |  |   |
| Royalty revenue               |   | 18.3 |  |   |   |   | 17.0 |  |   |
| Advertising and other revenue |   | 7.3 |  |   |   |   | 6.8 |  |   |
| Total                         |   | 290.4 |  |   |   |   | 308.6 |  |   |
|                          |   |   |   |   |   |   |   |
| Total Calvin Klein            |   |   |   |   |   |   |   |
| Net sales                     |   | 582.4 |  |   |   |   | 617.8 |  |   |
| Royalty revenue               |   | 47.8 |  |   |   |   | 40.6 |  |   |
| Advertising and other revenue |   | 18.4 |  |   |   |   | 16.2 |  |   |
| Total                         |   | 648.6 |  |   |   |   | 674.6 |  |   |
|                          |   |   |   |   |   |   |   |
| Tommy Hilfiger North America  |   |   |   |   |   |   |   |
| Net sales                     |   | 384.8 |  |   |   |   | 387.0 |  |   |
| Royalty revenue               |   | 9.9 |  |   |   |   | 6.3 |  |   |
| Advertising and other revenue |   | 2.6 |  |   |   |   | 1.8 |  |   |
| Total                         |   | 397.3 |  |   |   |   | 395.1 |  |   |
|                          |   |   |   |   |   |   |   |
| Tommy Hilfiger International  |   |   |   |   |   |   |   |
| Net sales                     |   | 400.2 |  |   |   |   | 461.1 |  |   |
| Royalty revenue               |   | 12.3 |  |   |   |   | 13.5 |  |   |
| Advertising and other revenue |   | 0.9 |  |   |   |   | 0.7 |  |   |
| Total                         |   | 413.4 |  |   |   |   | 475.3 |  |   |
|                          |   |   |   |   |   |   |   |
| Total Tommy Hilfiger          |   |   |   |   |   |   |   |
| Net sales                     |   | 785.0 |  |   |   |   | 848.1 |  |   |
| Royalty revenue               |   | 22.2 |  |   |   |   | 19.8 |  |   |
| Advertising and other revenue |   | 3.5 |  |   |   |   | 2.5 |  |   |
| Total                         |   | 810.7 |  |   |   |   | 870.4 |  |   |
|                          |   |   |   |   |   |   |   |
| Heritage Brands Wholesale     |   |   |   |   |   |   |   |
| Net sales                     |   | 308.0 |  |   |   |   | 331.1 |  |   |
| Royalty revenue               |   | 4.8 |  |   |   |   | 4.2 |  |   |
| Advertising and other revenue |   | 0.8 |  |   |   |   | 0.9 |  |   |
| Total                         |   | 313.6 |  |   |   |   | 336.2 |  |   |
|                          |   |   |   |   |   |   |   |
| Heritage Brands Retail        |   |   |   |   |   |   |   |
| Net sales                     |   | 90.5 |  |   |   |   | 93.5 |  |   |
| Royalty revenue               |   | 0.6 |  |   |   |   | 0.7 |  |   |
| Advertising and other revenue |   | 0.0 |  |   |   |   | 0.2 |  |   |
| Total                         |   | 91.1 |  |   |   |   | 94.4 |  |   |
|                          |   |   |   |   |   |   |   |
| Total Heritage Brands         |   |   |   |   |   |   |   |
| Net sales                     |   | 398.5 |  |   |   |   | 424.6 |  |   |
| Royalty revenue               |   | 5.4 |  |   |   |   | 4.9 |  |   |
| Advertising and other revenue |   | 0.8 |  |   |   |   | 1.1 |  |   |
| Total                         |   | 404.7 |  |   |   |   | 430.6 |  |   |
|                          |   |   |   |   |   |   |   |
| Total Revenue                 |   |   |   |   |   |   |   |
| Net sales                     |   | 1,765.9 |  |   |   |   | 1,890.5 |  |   |
| Royalty revenue               |   | 75.4 |  |   |   |   | 65.3 |  |   |
| Advertising and other revenue |   | 22.7 |  |   |   |   | 19.8 |  |   |
| Total                         |   | $ | 1,864.0 |  |   |   |   | $ | 1,975.6 |  |   |
|                          |   |   |   |   |   |   |   |

----

|                                               |
|-----------------------------------------------|
|                                               |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| PVH CORP.                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Segment Data (continued)                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| (In millions)                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| EARNINGS BEFORE INTEREST AND TAXES BY SEGMENT |   |   |   |   |
|                                          |   |   |   |   |   |   |   |
|                                          |   | Quarter Ended |   |   |   | Quarter Ended |   |
|                                          |   | 8/2/15 |   |   |   | 8/3/14 |   |
|                                          |   | Results |   |   |   |   |   |   |   | Results |   |   |   |   |   |
|                                          |   | Under |   |   |   | Non-GAAP |   |   |   | Under |   |   |   | Non-GAAP |   |
|                                          |   | GAAP |   | Adjustments(1) |   | Results |   |   |   | GAAP |   | Adjustments(2) |   | Results |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Calvin Klein North America                    |   | $ | 46.1 |  |   | $ | (0.8 | ) |   | $ | 46.9 |  |   |   |   | $ | 55.3 |  |   | $ | (3.7 | ) |   | $ | 59.0 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Calvin Klein International                    |   | 34.7 |  |   | 0.2 |  |   | 34.5 |  |   |   |   | 14.6 |  |   | (12.1 | ) |   | 26.7 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total Calvin Klein                            |   | 80.8 |  |   | (0.6 | ) |   | 81.4 |  |   |   |   | 69.9 |  |   | (15.8 | ) |   | 85.7 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Tommy Hilfiger North America                  |   | 58.8 |  |   |  |  |   | 58.8 |  |   |   |   | 65.3 |  |   | (2.3 | ) |   | 67.6 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Tommy Hilfiger International                  |   | 38.9 |  |   |  |  |   | 38.9 |  |   |   |   | 50.3 |  |   |  |  |   | 50.3 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total Tommy Hilfiger                          |   | 97.7 |  |   |   |   | 97.7 |  |   |   |   | 115.6 |  |   | (2.3 | ) |   | 117.9 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Heritage Brands Wholesale                     |   | 17.3 |  |   | (5.4 | ) |   | 22.7 |  |   |   |   | 23.9 |  |   | (4.3 | ) |   | 28.2 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Heritage Brands Retail                        |   | (2.7 | ) |   | (5.8 | ) |   | 3.1 |  |   |   |   | 1.3 |  |   |  |  |   | 1.3 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total Heritage Brands                         |   | 14.6 |  |   | (11.2 | ) |   | 25.8 |  |   |   |   | 25.2 |  |   | (4.3 | ) |   | 29.5 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Corporate                                     |   | (39.0 | ) |   | (8.2 | ) |   | (30.8 | ) |   |   |   | (51.4 | ) |   | (23.9 | ) |   | (27.5 | ) |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total earnings before interest and taxes      |   | $ | 154.1 |  |   | $ | (20.0 | ) |   | $ | 174.1 |  |   |   |   | $ | 159.3 |  |   | $ | (46.3 | ) |   | $ | 205.6 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

|           |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
|-----------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (1)  | Adjustments for the quarter ended August 2, 2015 represent the elimination of (i) the costs incurred in connection with the Company’s integration of Warnaco and the related restructuring; (ii) the costs incurred in connection with operating and exiting the Izod retail business; (iii) the costs incurred in connection with exiting various product lines in the dress furnishings business; and (iv) the gain recorded on the equity investment in Kingdom Holding 1 B.V., the parent company of the Karl Lagerfeld brand. |

|           |                                                                                                                                                                                                                                                                              |
|-----------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (2)  | Adjustments for the quarter ended August 3, 2014 represent the elimination of (i) the costs incurred in connection with the Company’s integration of Warnaco and the related restructuring; and (ii) the impairment of certain Tommy Hilfiger stores in North America. |

----

|                               |
|-------------------------------|
|                               |  |  |  |  |  |  |  |  |  |  |  |
| PVH CORP.                     |   |   |   |   |   |   |   |
| Segment Data (continued)      |   |   |   |   |   |   |   |
| (In millions)                 |   |   |   |   |   |   |   |
|                          |   |   |   |   |   |   |   |
| REVENUE BY SEGMENT            |   |   |   |   |   |   |   |
|                          |   | Six Months Ended |   |   |   | Six Months Ended |   |
|                          |   | 8/2/15 |   |   |   | 8/3/14 |   |
| Calvin Klein North America    |   |   |   |   |   |   |   |
| Net sales                     |   | $ | 616.9 |  |   |   |   | $ | 634.6 |  |   |
| Royalty revenue               |   | 59.2 |  |   |   |   | 49.1 |  |   |
| Advertising and other revenue |   | 20.9 |  |   |   |   | 19.9 |  |   |
| Total                         |   | 697.0 |  |   |   |   | 703.6 |  |   |
|                          |   |   |   |   |   |   |   |
| Calvin Klein International    |   |   |   |   |   |   |   |
| Net sales                     |   | 556.4 |  |   |   |   | 585.0 |  |   |
| Royalty revenue               |   | 36.0 |  |   |   |   | 36.4 |  |   |
| Advertising and other revenue |   | 13.1 |  |   |   |   | 14.9 |  |   |
| Total                         |   | 605.5 |  |   |   |   | 636.3 |  |   |
|                          |   |   |   |   |   |   |   |
| Total Calvin Klein            |   |   |   |   |   |   |   |
| Net sales                     |   | 1,173.3 |  |   |   |   | 1,219.6 |  |   |
| Royalty revenue               |   | 95.2 |  |   |   |   | 85.5 |  |   |
| Advertising and other revenue |   | 34.0 |  |   |   |   | 34.8 |  |   |
| Total                         |   | 1,302.5 |  |   |   |   | 1,339.9 |  |   |
|                          |   |   |   |   |   |   |   |
| Tommy Hilfiger North America  |   |   |   |   |   |   |   |
| Net sales                     |   | 726.3 |  |   |   |   | 741.2 |  |   |
| Royalty revenue               |   | 19.5 |  |   |   |   | 12.3 |  |   |
| Advertising and other revenue |   | 5.4 |  |   |   |   | 4.0 |  |   |
| Total                         |   | 751.2 |  |   |   |   | 757.5 |  |   |
|                          |   |   |   |   |   |   |   |
| Tommy Hilfiger International  |   |   |   |   |   |   |   |
| Net sales                     |   | 800.4 |  |   |   |   | 945.7 |  |   |
| Royalty revenue               |   | 24.4 |  |   |   |   | 27.5 |  |   |
| Advertising and other revenue |   | 1.8 |  |   |   |   | 2.1 |  |   |
| Total                         |   | 826.6 |  |   |   |   | 975.3 |  |   |
|                          |   |   |   |   |   |   |   |
| Total Tommy Hilfiger          |   |   |   |   |   |   |   |
| Net sales                     |   | 1,526.7 |  |   |   |   | 1,686.9 |  |   |
| Royalty revenue               |   | 43.9 |  |   |   |   | 39.8 |  |   |
| Advertising and other revenue |   | 7.2 |  |   |   |   | 6.1 |  |   |
| Total                         |   | 1,577.8 |  |   |   |   | 1,732.8 |  |   |
|                          |   |   |   |   |   |   |   |
| Heritage Brands Wholesale     |   |   |   |   |   |   |   |
| Net sales                     |   | 675.5 |  |   |   |   | 686.0 |  |   |
| Royalty revenue               |   | 9.4 |  |   |   |   | 8.1 |  |   |
| Advertising and other revenue |   | 1.4 |  |   |   |   | 1.4 |  |   |
| Total                         |   | 686.3 |  |   |   |   | 695.5 |  |   |
|                          |   |   |   |   |   |   |   |
| Heritage Brands Retail        |   |   |   |   |   |   |   |
| Net sales                     |   | 175.5 |  |   |   |   | 169.5 |  |   |
| Royalty revenue               |   | 1.1 |  |   |   |   | 1.3 |  |   |
| Advertising and other revenue |   | 0.1 |  |   |   |   | 0.3 |  |   |
| Total                         |   | 176.7 |  |   |   |   | 171.1 |  |   |
|                          |   |   |   |   |   |   |   |
| Total Heritage Brands         |   |   |   |   |   |   |   |
| Net sales                     |   | 851.0 |  |   |   |   | 855.5 |  |   |
| Royalty revenue               |   | 10.5 |  |   |   |   | 9.4 |  |   |
| Advertising and other revenue |   | 1.5 |  |   |   |   | 1.7 |  |   |
| Total                         |   | 863.0 |  |   |   |   | 866.6 |  |   |
|                          |   |   |   |   |   |   |   |
| Total Revenue                 |   |   |   |   |   |   |   |
| Net sales                     |   | 3,551.0 |  |   |   |   | 3,762.0 |  |   |
| Royalty revenue               |   | 149.6 |  |   |   |   | 134.7 |  |   |
| Advertising and other revenue |   | 42.7 |  |   |   |   | 42.6 |  |   |
| Total                         |   | $ | 3,743.3 |  |   |   |   | $ | 3,939.3 |  |   |
|                          |   |   |   |   |   |   |   |

----

|                                               |
|-----------------------------------------------|
|                                               |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| PVH CORP.                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Segment Data (continued)                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| (In millions)                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| EARNINGS BEFORE INTEREST AND TAXES BY SEGMENT |   |   |   |   |
|                                          |   |   |   |   |   |   |   |
|                                          |   | Six Months Ended |   |   |   | Six Months Ended |   |
|                                          |   | 8/2/15 |   |   |   | 8/3/14 |   |
|                                          |   | Results |   |   |   |   |   |   |   | Results |   |   |   |   |   |
|                                          |   | Under |   |   |   | Non-GAAP |   |   |   | Under |   |   |   | Non-GAAP |   |
|                                          |   | GAAP |   | Adjustments(1) |   | Results |   |   |   | GAAP |   | Adjustments(2) |   | Results |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Calvin Klein North America                    |   | $ | 86.5 |  |   | $ | (2.9 | ) |   | $ | 89.4 |  |   |   |   | $ | 96.4 |  |   | $ | (8.7 | ) |   | $ | 105.1 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Calvin Klein International                    |   | 84.0 |  |   | (3.7 | ) |   | 87.7 |  |   |   |   | 47.4 |  |   | (15.3 | ) |   | 62.7 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total Calvin Klein                            |   | 170.5 |  |   | (6.6 | ) |   | 177.1 |  |   |   |   | 143.8 |  |   | (24.0 | ) |   | 167.8 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Tommy Hilfiger North America                  |   | 89.1 |  |   |  |  |   | 89.1 |  |   |   |   | 105.5 |  |   | (2.3 | ) |   | 107.8 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Tommy Hilfiger International                  |   | 100.7 |  |   |  |  |   | 100.7 |  |   |   |   | 125.3 |  |   |  |  |   | 125.3 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total Tommy Hilfiger                          |   | 189.8 |  |   |  |  |   | 189.8 |  |   |   |   | 230.8 |  |   | (2.3 | ) |   | 233.1 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Heritage Brands Wholesale                     |   | 47.6 |  |   | (9.0 | ) |   | 56.6 |  |   |   |   | 50.9 |  |   | (8.3 | ) |   | 59.2 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Heritage Brands Retail                        |   | (2.8 | ) |   | (6.3 | ) |   | 3.5 |  |   |   |   | (1.9 | ) |   | (1.0 | ) |   | (0.9 | ) |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total Heritage Brands                         |   | 44.8 |  |   | (15.3 | ) |   | 60.1 |  |   |   |   | 49.0 |  |   | (9.3 | ) |   | 58.3 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Corporate                                     |   | (74.2 | ) |   | (17.4 | ) |   | (56.8 | ) |   |   |   | (179.8 | ) |   | (129.4 | ) |   | (50.4 | ) |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total earnings before interest and taxes      |   | $ | 330.9 |  |   | $ | (39.3 | ) |   | $ | 370.2 |  |   |   |   | $ | 243.8 |  |   | $ | (165.0 | ) |   | $ | 408.8 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

|           |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
|-----------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (1)  | Adjustments for the six months ended August 2, 2015 represent the elimination of (i) the costs incurred in connection with the Company’s integration of Warnaco and the related restructuring; (ii) the costs incurred in connection with operating and exiting the Izod retail business; (iii) the costs incurred in connection with exiting various product lines in the dress furnishings business; and (iv) the gain recorded on the equity investment in Kingdom Holding 1 B.V., the parent company of the Karl Lagerfeld brand. |

|           |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
|-----------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (2)  | Adjustments for the six months ended August 3, 2014 represent the elimination of (i) the costs incurred in connection with the Company’s integration of Warnaco and the related restructuring; (ii) the impairment of certain Tommy Hilfiger stores in North America; (iii) the costs incurred related to the sale of the Bass business; (iv) the costs incurred in connection with the amendment and restatement of the Company’s credit facility and the related redemption of its 7 3/8% notes due 2020; and (v) the net gain on the deconsolidation of certain Calvin Klein subsidiaries in Australia and New Zealand and the previously consolidated Calvin Klein joint venture in India. |

----

|                              |
|------------------------------|
|                              |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                         |   | Revenue as Reported |   | % Change |
|                         |   | Quarter Ended |   | As Reported |   | Impact of Foreign Exchange Translation |   | Constant Currency |
|                         |   | 8/2/15 |   | 8/3/14 |   |   |   |
|                         |   |   |   |   |   |   |   |   |   |   |
| Calvin Klein North America   |   | $ | 358.2 |  |   | $ | 366.0 |  |   | (2.1 | )% |   | (2.1 | )% |   | — | % |
| Calvin Klein International   |   | 290.4 |  |   | 308.6 |  |   | (5.9 | )% |   | (13.3 | )% |   | 7.4 | % |
| Total Calvin Klein           |   | 648.6 |  |   | 674.6 |  |   | (3.9 | )% |   | (7.3 | )% |   | 3.4 | % |
|                         |   |   |   |   |   |   |   |   |   |   |
| Tommy Hilfiger North America |   | $ | 397.3 |  |   | $ | 395.1 |  |   | 0.6 |  % |   | (2.4 | )% |   | 3.0 | % |
| Tommy Hilfiger International |   | 413.4 |  |   | 475.3 |  |   | (13.0 | )% |   | (18.8 | )% |   | 5.8 | % |
| Total Tommy Hilfiger         |   | 810.7 |  |   | 870.4 |  |   | (6.9 | )% |   | (11.4 | )% |   | 4.5 | % |
|                         |   |   |   |   |   |   |   |   |   |   |
| Total Revenue                |   | $ | 1,864.0 |  |   | $ | 1,975.6 |  |   | (5.7 | )% |   | (7.7 | )% |   | 2.0 | % |

|                              |
|------------------------------|
|                              |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                         |   | Revenue as Reported |   | % Change |
|                         |   | Six Months Ended |   | As Reported |   | Impact of Foreign Exchange Translation |   | Constant Currency |
|                         |   | 8/2/15 |   | 8/3/14 |   |   |   |
|                         |   |   |   |   |   |   |   |   |   |   |
| Total Calvin Klein           |   | $ | 1,302.5 |  |   | $ | 1,339.9 |  |   | (2.8 | )% |   | (7.0 | )% |   | 4.2 | % |
|                         |   |   |   |   |   |   |   |   |   |   |
| Tommy Hilfiger North America |   | $ | 751.2 |  |   | $ | 757.5 |  |   | (0.8 | )% |   | (2.0 | )% |   | 1.2 | % |
| Tommy Hilfiger International |   | 826.6 |  |   | 975.3 |  |   | (15.2 | )% |   | (18.9 | )% |   | 3.7 | % |
| Total Tommy Hilfiger         |   | 1,577.8 |  |   | 1,732.8 |  |   | (8.9 | )% |   | (11.5 | )% |   | 2.6 | % |
|                         |   |   |   |   |   |   |   |  |  |   |   |
| Total Revenue                |   | $ | 3,743.3 |  |   | $ | 3,939.3 |  |   | (5.0 | )% |   | (7.7 | )% |   | 2.7 | % |

----

|                      |
|----------------------|
|                      |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                 |   | Total Calvin Klein Earnings Before Interest and Taxes |   |
|                 |   | As Reported |   | Adjustments (1) |   | Non-GAAP Basis |   | Impact of Foreign Exchange Translation |   | Constant Currency |   |
|                 |   |   |   |   |   |   |
| Quarter Ended 8/2/15 |   | $ | 80.8 |  |   | $ | (0.6 | ) |   | $ | 81.4 |  |   | $ | (8.9 | ) |   | $ | 90.3 |  |   |
| Quarter Ended 8/3/14 |   | 69.9 |  |   | (15.8 | ) |   | 85.7 |  |   | — |  |   | 85.7 |  |   |
| % Change             |   |   |   |   |   |   |   |   |   | 5.4 | % |   |

|                      |
|----------------------|
|                      |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                 |   | Total Earnings Before Interest and Taxes |   |
|                 |   | As Reported |   | Adjustments (1) |   | Non-GAAP Basis |   | Impact of Foreign Exchange Translation |   | Constant Currency |   |
|                 |   |   |   |   |   |   |
| Quarter Ended 8/2/15 |   | $ | 154.1 |  |   | $ | (20.0 | ) |   | $ | 174.1 |  |   | $ | (27.6 | ) |   | $ | 201.7 |  |   |
| Quarter Ended 8/3/14 |   | 159.3 |  |   | (46.3 | ) |   | 205.6 |  |   | — |  |   | 205.6 |  |   |
| % Change             |   |  |  |   |  |  |   |  |  |   |   |   | (1.9 | )% |   |

|                         |
|-------------------------|
|                         |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                    |   | Total Earnings Before Interest and Taxes |   |
|                    |   | As Reported |   | Adjustments (1) |   | Non-GAAP Basis |   | Impact of Foreign Exchange Translation |   | Constant Currency |   |
|                    |   |   |   |   |   |   |
| Six Months Ended 8/2/15 |   | $ | 330.9 |  |   | $ | (39.3 | ) |   | $ | 370.2 |  |   | $ | (51.2 | ) |   | $ | 421.4 |  |   |
| Six Months Ended 8/3/14 |   | 243.8 |  |   | (165.0 | ) |   | 408.8 |  |   | — |  |   | 408.8 |  |   |
| % Change                |   |   |   |   |   |   |   |   |   | 3.1 | % |   |

|            |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
|------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (1)   | Represents the impact from the elimination of (i) the costs incurred in the periods ended August 2, 2015 and August 3, 2014 in connection with the Company’s integration of Warnaco and the related restructuring; (ii) the costs incurred in the periods ended August 2, 2015 in connection with operating and exiting the Izod retail business; (iii) the costs incurred in the periods ended August 2, 2015 in connection with exiting various product lines in the dress furnishings business; (iv) the gain recorded in the periods ended August 2, 2015 on the equity investment in Kingdom Holding 1 B.V., the parent company of the Karl Lagerfeld brand; and (v) the impairment recorded in the periods ended August 3, 2014 of certain Tommy Hilfiger stores in North America. Please see Table 2 in the section entitled “Reconciliations of GAAP to Non-GAAP Amounts” for more detail. |

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|                                                                                                                   |
|-------------------------------------------------------------------------------------------------------------------|
|                                                                                                                   |  |  |  |  |  |  |
|                                                                                                                   |  | Current Guidance |  | Previous Guidance |
| Net Income Per Common Share Reconciliations                                                                       |  | Full Year      2015(Estimated) | Third Quarter2015(Estimated) |  | Full Year      2015(Estimated) | Second Quarter2015(Estimated) |
|                                                                                                                   |  |  |  |  |  |  |
| GAAP net income per common share attributable to PVH Corp.                                                        |  | $6.24 - $6.34 | $2.19 - $2.24 |  | $6.22 - $6.32 | $1.01 - $1.06 |
| Estimated per common share impact of items identified as non-GAAP exclusions                                      |  | $(0.66) | $(0.26) |  | $(0.63) | $(0.24) |
| Net income per common share attributable to PVH Corp. excluding impact of items identified as non-GAAP exclusions |  | $6.90 - $7.00 | $2.45 - $2.50 |  | $6.85 - $6.95 | $1.25 - $1.30 |

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|                                                                    |
|--------------------------------------------------------------------|
|                                                                    |  |  |  |  |  |  |  |  |
| 2015 Estimated Revenue on a Constant Currency Basis Reconciliation |   | Full Year 2015 (Estimated) (Consolidated) | Full Year 2015 (Estimated) (Calvin Klein) | Full Year 2015 (Estimated) (Tommy Hilfiger) |   | Third Quarter 2015 (Estimated) (Consolidated) | Third Quarter 2015 (Estimated) (Calvin Klein) | Third Quarter 2015 (Estimated) (Tommy Hilfiger) |
|                                                               |   |   |   |   |   |   |   |   |
| GAAP revenue (decrease) increase                                   |   | (2)% | 1% | (5)% |   | (3)% | 1% | (4)% |
| Impact of foreign exchange translation                             |   | (6)% | (7)% | (9)% |   | (6)% | (6)% | (8)% |
| Non-GAAP revenue increase on a constant currency basis             |   | 4% | 8% | 4% |   | 3% | 7% | 4% |

|                                                               |
|---------------------------------------------------------------|
|                                                               |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                          |   | Full Year 2014 |   | Third Quarter 2014 |
|                                                          | (Actual) |   | (Actual) |
|                                                          | Results Under GAAP |   | Adjustments | (1)  | Non-GAAP Results |   | Results Under GAAP |   | Adjustments | (2)  | Non-GAAP Results |
|                                                          |   |   |   |   |   |   |   |   |   |   |   |   |
| Net income attributable to PVH Corp.                          |   | $ | 439.0 |  |   | $ | (168.8 | ) |   | $ | 607.8 |  |   | $ | 225.7 |  |   | $ | 12.6 |  |   | $ | 213.1 |  |
| Total weighted average shares                                 |   | 83.3 |  |   |   |   | 83.3 |  |   | 83.3 |  |   |   |   | 83.3 |  |
|                                                          |   |   |   |   |   |   |   |   |   |   |   |   |
| Diluted net income per common share attributable to PVH Corp. |   | $ | 5.27 |  |   |   |   | $ | 7.30 |  |   | $ | 2.71 |  |   |   |   | $ | 2.56 |  |