|         |                                                                                                                                                                               |
|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | FOURTH QUARTER EPS ON A NON-GAAP BASIS MATCHED TOP END OF GUIDANCE AT $1.76, INCLUDING A $0.10 NEGATIVE IMPACT RELATED TO FOREIGN CURRENCY EXCHANGE RATES; GAAP EPS WAS $0.62 |

|         |                                                                                                                                                                                                            |
|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | COMPANY PROVIDES PRELIMINARY 2015 NON-GAAP EPS GUIDANCE OF $6.75 - $6.90, WHICH REFLECTS AN EXPECTED NEGATIVE IMPACT OF APPROXIMATELY $1.30 PER SHARE PRIMARILY RELATED TO FOREIGN CURRENCY EXCHANGE RATES |

----

|         |                                                                                                                                                                                                                                         |
|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Earnings per share on a non-GAAP basis increased 23% to $1.76, including a $0.10 negative impact related to foreign currency exchange rates. Earnings per share on a non-GAAP basis was $1.43 in the prior year’s fourth quarter. |

|         |                                                                                                            |
|---------|------------------------------------------------------------------------------------------------------------|
| • | GAAP earnings per share was $0.62 compared to prior year’s fourth quarter loss per share of $(0.46). |

|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Revenue increased 5% on a constant currency basis (increased 1% on a GAAP basis) over the prior year’s fourth quarter revenue of $2.05 billion. Revenue changes by business from the prior year period included (i) a 6% increase in the Calvin Klein business on a constant currency basis (2% increase on a GAAP basis); (ii) a 9% increase in the Tommy Hilfiger business on a constant currency basis (2% increase on a GAAP basis); and (iii) a 3% decrease in the Heritage Brands business. |

----

----

----

----

|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | A 3% increase in the Calvin Klein business compared to 2013, driven by (i) the ten additional days of operations in 2014 of the acquired Calvin Klein businesses compared to 2013; (ii) mid-single digit and high-single digit percentage increases in the North America wholesale and retail businesses, respectively; (iii) an increase in royalty revenue; and (iv) the absence of $30 million of sales returns recorded in 2013 for certain wholesale customers in Asia in the acquired business in connection with an initiative to reduce excess inventory levels. Retail comparable store sales increased 2% in North America and decreased 5% internationally. The decline in international retail comparable store sales was due in large part to a decrease in Asia resulting from the timing of the Chinese New Year, as fiscal 2014 did not include a Chinese New Year, while the holiday fell into both the first and fourth quarters in fiscal 2013. Also contributing to the retail comparable store decline was underperformance in Europe in the first half of the year. |

|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | A 6% increase on a constant currency basis (4% increase on a GAAP basis) in the Tommy Hilfiger business compared to 2013. Tommy Hilfiger North America revenue increased 6%, principally due to high-single digit percentage wholesale growth, retail comparable store sales growth of 2% and square footage expansion in Company-operated stores. Tommy Hilfiger International revenue increased 5% on a constant currency basis (increased 3% on a GAAP basis), driven principally by European retail comparable store sales growth of 3%, square footage expansion in Company-operated stores and low-single digit percentage wholesale growth. |

|         |                                                                                                                                                                          |
|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | A 1% decrease in the Heritage Brands business compared to the prior  year excluding $176 million of revenue related to the Bass business, as mid-single digit percentage |

----

|         |                                                                                                                           |
|---------|---------------------------------------------------------------------------------------------------------------------------|
| • | A $30 million decline in the Calvin Klein business, driven principally by investments in the acquired Warnaco businesses. |

|         |                                                                                                                                                                      |
|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | A $31 million increase in the Tommy Hilfiger business, principally attributable to the revenue increase mentioned above, combined with operating margin improvement. |

|         |                                                                                                                                                                                                                                                                                                                              |
|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | A $43 million decline in the Heritage Brands business, principally attributable to the revenue decrease mentioned above and a gross margin decline resulting from overall increased promotional activity in order to drive traffic and revenue, combined with poor performance within the dress shirt and retail businesses. |

----

|                       |
|-----------------------|
|                       |  |  |  |  |  |  |
|                  | Fiscal 2014 Average FX Rate | 3/24/15       FX Rate | % Change 3/24/15 vs. Fiscal 2014 Average Rate |
| 1 USD Against:        |   |   |   |
|                  |   |   |   |
| Russian Ruble         | 39.57 |  | 57.92 |  | 46.4 | % |
|                  |   |   |   |
| Brazilian Real        | 2.37 |  | 3.12 |  | 32.0 | % |
|                  |   |   |   |
| Euro                  | 0.76 |  | 0.91 |  | 19.8 | % |
|                  |   |   |   |
| Japanese Yen          | 106.64 |  | 119.53 |  | 12.1 | % |
|                  |   |   |   |
| Canadian Dollar       | 1.11 |  | 1.25 |  | 12.0 | % |
|                  |   |   |   |
| Mexican Peso          | 13.41 |  | 14.93 |  | 11.3 | % |
|                  |   |   |   |
| British Pound         | 0.61 |  | 0.67 |  | 9.8 | % |
|                  |   |   |   |
| Korean Won            | 1,053.94 |  | 1,104.49 |  | 4.8 | % |
|                  |   |   |   |
| Chinese Yuan Renminbi | 6.18 |  | 6.21 |  | 0.5 | % |

----

----

|         |                                                                                                                                                                                                             |
|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Pre-tax costs of approximately $20 million expected to be incurred in 2015 related to operating and exiting the Izod retail business, of which $10 million is expected to be incurred in the first quarter. |

----

|         |                                                                                                                                                                                                                               |
|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Pre-tax costs of approximately $50 million expected to be incurred in 2015 in connection with the integration of Warnaco and the related restructuring, of which $20 million is expected to be incurred in the first quarter. |

|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Pre-tax costs of approximately $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 Bass 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 the first quarter, $46 million was incurred in the second quarter, $29 million was incurred in the third quarter and $37 million was incurred in the fourth quarter. |

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

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

|         |                                                                                                                                                                          |
|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Pre-tax costs of $511 million incurred in 2013 in connection with the acquisition, integration and related restructuring of Warnaco, including costs associated with the |

----

|         |                                                                                                                                                                                                                             |
|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Pre-tax income of $24 million recorded in the third quarter of 2013 due to the amendment of an unfavorable contract, which resulted in the reduction of a liability recorded at the time of the Tommy Hilfiger acquisition. |

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

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

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

|         |                                                                                                                                                                                                                                                                                                                                                                                                        |
|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | A net tax expense of $5 million recorded in 2013 associated with various Warnaco integration activities and various adjustments to liabilities for changes in estimates in uncertain tax positions, of which an expense of $28 million was recorded in the second quarter, a benefit of $28 million was recorded in the third quarter and an expense of $5 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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----

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|                                                                         |
|-------------------------------------------------------------------------|
|                                                                         |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                                    |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                    |   | Quarter Ended |   |   |   | Year Ended |   |   |
|                                                                    |   | 2/1/15 |   | 2/2/14 |   |   |   | 2/1/15 |   | 2/2/14 |   |   |
|                                                                    |   |   |   |   |   |   |   |   |   |   |   |   |
| Net sales                                                               |   | $ | 1,973.1 |  |   | $ | 1,953.6 |  |   |   |   | $ | 7,849.1 |  |   | $ | 7,806.2 |  |   |   |
| Royalty revenue                                                         |   | 76.5 |  |   | 75.6 |  |   |   |   | 300.5 |  |   | 290.7 |  |   |   |
| Advertising and other revenue                                           |   | 19.2 |  |   | 23.1 |  |   |   |   | 91.6 |  |   | 89.5 |  |   |   |
| Total revenue                                                           |   | $ | 2,068.8 |  |   | $ | 2,052.3 |  |   |   |   | $ | 8,241.2 |  |   | $ | 8,186.4 |  |   |   |
|                                                                    |   |   |   |   |   |   |   |   |   |   |   |   |
| Gross profit on net sales                                               |   | $ | 975.6 |  |   | $ | 970.8 |  |   |   |   | $ | 3,934.6 |  |   | $ | 3,839.1 |  |   |   |
| Gross profit on royalty, advertising and other revenue                  |   | 95.7 |  |   | 98.7 |  |   |   |   | 392.1 |  |   | 380.2 |  |   |   |
| Total gross profit                                                      |   | 1,071.3 |  |   | 1,069.5 |  |   |   |   | 4,326.7 |  |   | 4,219.3 |  |   |   |
|                                                                    |   |   |   |   |   |   |   |   |   |   |   |   |
| Selling, general and administrative expenses                            |   | 1,065.8 |  |   | 909.5 |  |   |   |   | 3,713.6 |  |   | 3,673.5 |  |   |   |
|                                                                    |   |   |   |   |   |   |   |   |   |   |   |   |
| Debt modification and extinguishment costs                              |   |   |   |   |   |   |   | 93.1 |  |   | 40.4 |  |   |   |
|                                                                    |   |   |   |   |   |   |   |   |   |   |   |   |
| Equity in income of unconsolidated affiliates, net                      |   | 0.7 |  |   | — |  |   |   |   | 9.9 |  |   | 8.0 |  |   |   |
|                                                                    |   |   |   |   |   |   |   |   |   |   |   |   |
| Earnings before interest and taxes                                      |   | 6.2 |  |   | 160.0 |  |   |   |   | 529.9 |  |   | 513.4 |  |   |   |
|                                                                    |   |   |   |   |   |   |   |   |   |   |   |   |
| Interest expense, net                                                   |   | 32.0 |  |   | 45.4 |  |   |   |   | 138.5 |  |   | 184.7 |  |   |   |
|                                                                    |   |   |   |   |   |   |   |   |   |   |   |   |
| Pre-tax (loss) income                                                   |   | (25.8 | ) |   | 114.6 |  |   |   |   | 391.4 |  |   | 328.7 |  |   |   |
|                                                                    |   |  |  |   |   |   |   |   |   |   |   |   |   |
| Income tax (benefit) expense                                            |   | (77.3 | ) |   | 152.2 |  |   |   |   | (47.5 | ) |   | 185.3 |  |   |   |
|                                                                    |   |   |   |   |   |   |   |   |   |   |   |   |
| Net income (loss)                                                       |   | 51.5 |  |   | (37.6 | ) |   |   |   | 438.9 |  |   | 143.4 |  |   |   |
|                                                                    |   |   |   |   |   |   |   |   |   |   |   |   |
| Less: Net loss attributable to redeemable non-controlling interest      |   |   |   | (0.1) |  |   |   |   | (0.1 | ) |   | (0.1 | ) |   |   |
|                                                                    |   |   |   |   |   |   |   |   |   |   |   |   |
| Net income (loss) attributable to PVH Corp.                             |   | $ | 51.5 |  |   | $ | (37.5 | ) |   |   |   | $ | 439.0 |  |   | $ | 143.5 |  |   |   |
|                                                                    |   |   |   |   |   |   |   |   |   |   |   |   |
| Diluted net income (loss) per common share attributable to PVH Corp.(1) |   | $ | 0.62 |  |   | $ | (0.46 | ) |   |   |   | $ | 5.27 |  |   | $ | 1.74 |  |   |   |
|                                                                    |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                    |   | Quarter Ended |   |   |   | Year Ended |   |   |
|                                                                    |   | 2/1/15 |   | 2/2/14 |   |   |   | 2/1/15 |   | 2/2/14 |   |   |
|                                                                    |   |   |   |   |   |   |   |   |   |   |   |   |
| Depreciation and amortization expense                                   |   | $ | 63.3 |  |   | $ | 70.5 |  |   |   |   | $ | 244.7 |  |   | $ | 313.6 |  |   |   |
|                                                                    |   |   |   |   |   |   |   |   |   |   |   |

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

----

|                                                                  |
|------------------------------------------------------------------|
|                                                                  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                             |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                             |   | Quarter Ended |   |   |   | Year Ended |   |   |
|                                                             |   | 2/1/15 |   | 2/2/14 |   |   |   | 2/1/15 |   | 2/2/14 |   |   |
|                                                             |   |   |   |   |   |   |   |   |   |   |   |   |
| Non-GAAP Measures                                                |   |   |   |   |   |   |   |   |   |   |   |   |
| Total revenue(1)                                                 |   |  |  |   |  |  |   |   |   |  |  |   | $ | 8,216.4 |  |   |   |
| Total gross profit(2)                                            |   | $ | 1,073.9 |  |   | $ | 1,078.3 |  |   |   |   | $ | 4,333.2 |  |   | 4,304.9 |  |   |   |
| Selling, general and administrative expenses(3)                  |   | 871.8 |  |   | 871.5 |  |   |   |   | 3,422.5 |  |   | 3,346.0 |  |   |   |
| Earnings before interest and taxes(4)                            |   | 202.8 |  |   | 206.8 |  |   |   |   | 920.6 |  |   | 966.9 |  |   |   |
| Interest expense, net(5)                                         |   |  |  |   |  |  |   |   |   |  |  |   | 183.9 |  |   |   |
| Income tax expense(6)                                            |   | 23.7 |  |   | 42.5 |  |   |   |   | 174.4 |  |   | 202.1 |  |   |   |
| Net income attributable to PVH Corp.(7)                          |   | 147.1 |  |   | 119.0 |  |   |   |   | 607.8 |  |   | 581.0 |  |   |   |
| Diluted net income per common share attributable to PVH Corp.(8) |   | $ | 1.76 |  |   | $ | 1.43 |  |   |   |   | $ | 7.30 |  |   | $ | 7.03 |  |   |   |
|                                                             |   |   |   |   |   |   |   |   |   |   |   |   |
| Depreciation and amortization expense(9)                         |   | $ | 62.0 |  |   | $ | 67.5 |  |   |   |   | $ | 239.1 |  |   | $ | 230.2 |  |   |   |
|                                                             |   |   |   |   |   |   |   |   |   |

----

|                                                                                                                                                                                                                                                                                |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                                                                                                                |
| (1)    Please see Table 2 for reconciliation of GAAP revenue to revenue on a non-GAAP basis.                                                                                                                                                               |
| (2)    Please see Table 4 for reconciliations of GAAP gross profit to gross profit on a non-GAAP basis.                                                                                                                                                    |
| (3)    Please see Table 5 for reconciliations of GAAP selling, general and administrative expenses (“SG&A”) to SG&A on a non-GAAP basis.                                                                                               |
| (4)    Please see Table 3 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 reconciliation of GAAP net interest expense to net interest expense on a non-GAAP basis.                                                                                                                                     |
| (6)    Please see Table 7 for reconciliations of GAAP income tax (benefit) expense to income tax expense on a non-GAAP basis and an explanation of the calculation of the tax effects associated with the pre-tax items identified as non-GAAP exclusions. |
| (7)    Please see Table 1 for reconciliations of GAAP net income (loss) to net income on a non-GAAP basis.                                                                                                                                                 |
| (8)    Please see Note A in the Notes to Consolidated GAAP Income Statements for reconciliations of GAAP diluted net income (loss) per common share to diluted net income per common share on a non-GAAP basis.                                            |
| (9)    Please see Table 8 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 |   |   |   | Year Ended |   |   |
|                                                                                                                                                                                                                              |   | 2/1/15 |   | 2/2/14 |   |   |   | 2/1/15 |   | 2/2/14 |   |   |
|                                                                                                                                                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |
| Net income (loss) attributable to PVH Corp.                                                                                                                                                                                       |   | $ | 51.5 |  |   | $ | (37.5 | ) |   |   |   | $ | 439.0 |  |   | $ | 143.5 |  |   |   |
|                                                                                                                                                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |
| Diluted net income (loss) per common share attributable to PVH Corp.(1)                                                                                                                                                           |   | $ | 0.62 |  |   | $ | (0.46 | ) |   |   |   | $ | 5.27 |  |   | $ | 1.74 |  |   |   |
|                                                                                                                                                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |
| Items excluded:                                                                                                                                                                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |
| Gross profit charges associated with acquisition and integration of Warnaco                                                                                                                                                       |   | 0.8 |  |   | 8.8 |  |   |   |   | 4.7 |  |   | 85.6 |  |   |   |
|                                                                                                                                                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |
| Gross profit charges associated with exit of a discontinued product line in the Tommy Hilfiger Japan business                                                                                                                     |   | 1.8 |  |   |   |   |   |   | 1.8 |  |   |   |   |   |
|                                                                                                                                                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |
| Actuarial loss (gain) on retirement plans (recorded in SG&A)                                                                                                                                                                  |   | 138.9 |  |   | (52.5 | ) |   |   |   | 138.9 |  |   | (52.5 | ) |   |   |
|                                                                                                                                                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |
| SG&A expenses associated with acquisition and integration of Warnaco and related restructuring                                                                                                                                |   | 32.9 |  |   | 89.8 |  |   |   |   | 134.7 |  |   | 384.1 |  |   |   |
|                                                                                                                                                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |
| SG&A expenses associated with exit from Izod retail business (including noncash impairment charges of $17.8)                                                                                                                  |   | 21.0 |  |   |   |   |   |   | 21.0 |  |   |   |   |   |
|                                                                                                                                                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |
| SG&A expenses associated with exit of a discontinued product line in the Tommy Hilfiger Japan business                                                                                                                        |   | 1.2 |  |   |   |   |   |   | 1.2 |  |   |   |   |   |
|                                                                                                                                                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |
| Impairment of certain Tommy Hilfiger North America stores (recorded in SG&A)                                                                                                                                                  |   |  |   |   |   |   |   | 2.3 |  |   |   |   |   |
|                                                                                                                                                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |
| Loss recorded on the sale of Bass, including related costs (recorded in SG&A)                                                                                                                                                 |   |  |   | 0.7 |  |   |   |   | 1.0 |  |   | 20.2 |  |   |   |
|                                                                                                                                                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |
| SG&A impact of the amendment of an unfavorable contract                                                                                                                                                                       |   |  |   |  |   |   |   |   |   | (24.3 | ) |   |   |
|                                                                                                                                                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |
| Net gain on deconsolidation of subsidiaries and consolidated joint venture (recorded in SG&A)                                                                                                                                 |   |  |   |  |   |   |   | (8.0 | ) |   |  |   |   |
|                                                                                                                                                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |
| Debt modification and extinguishment costs                                                                                                                                                                                        |   |  |   |  |   |   |   | 93.1 |  |   | 40.4 |  |   |   |
|                                                                                                                                                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |
| Interest expense incurred prior to the Warnaco acquisition closing date associated with $700M of senior notes                                                                                                                     |   |  |   |  |   |   |   |  |   | 0.8 |  |   |   |
|                                                                                                                                                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |
| Tax effect of the items above(2)                                                                                                                                                                                                  |   | (64.4 | ) |   | (15.0 | ) |   |   |   | (130.4 | ) |   | (142.0 | ) |   |   |
|                                                                                                                                                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |
| Discrete tax benefits related to the resolution of uncertain tax positions                                                                                                                                                        |   | (36.6 | ) |   |  |   |   |   | (81.9 | ) |   |  |  |   |   |
|                                                                                                                                                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |
| Discrete tax expense related to an increase to the Company’s previously-established liability for an uncertain tax position related to European and U.S. transfer pricing arrangements                                      |   |   |   | 120.0 |  |   |   |   |   |   | 120.0 |  |   |   |
|                                                                                                                                                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |
| Discrete tax expense (benefit) primarily related to Warnaco integration                                                                                                                                                           |   |  |   | 4.7 |  |   |   |   | (9.6 | ) |   | 5.2 |  |   |   |
|                                                                                                                                                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |
| Net income on a non-GAAP basis attributable to PVH Corp.                                                                                                                                                                          |   | $ | 147.1 |  |   | $ | 119.0 |  |   |   |   | $ | 607.8 |  |   | $ | 581.0 |  |   |   |
|                                                                                                                                                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |
| Diluted net income per common share on a non-GAAP basis attributable to PVH Corp.(1)                                                                                                                                              |   | $ | 1.76 |  |   | $ | 1.43 |  |   |   |   | $ | 7.30 |  |   | $ | 7.03 |  |   |   |
|                                                                                                                                                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |
| (1)   Please see Note A in the Notes to the Consolidated GAAP Income Statements for reconciliations of GAAP diluted net income (loss) per common share to diluted net income per common share on a non-GAAP basis. |
| (2)   Please see Table 7 for an explanation of the calculation of the tax effects of the above items.                                                                                                              |

----

|                                                                                                                                                |
|------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                |  |  |  |  |  |  |
| Table 2 - Reconciliation of GAAP revenue to revenue on a non-GAAP basis                                                                        |   |   |   |   |
|                                                                                                                                           |   |   |   |   |
|                                                                                                                                           |   | Year Ended |   |   |
|                                                                                                                                           |   | 2/2/14 |   |   |
|                                                                                                                                           |   |   |   |   |
| Revenue                                                                                                                                        |   | $ | 8,186.4 |  |   |   |
|                                                                                                                                           |   |   |   |   |
| Items excluded:                                                                                                                                |   |   |   |   |
|                                                                                                                                           |   |   |   |   |
| Revenue reduction due to sales returns for certain Warnaco wholesale customers in connection with initiative to reduce excess inventory levels |   | 30.0 |  |   |   |
|                                                                                                                                           |   |   |   |   |
| Revenue on a non-GAAP basis                                                                                                                    |   | $ | 8,216.4 |  |   |   |
|                                                                                                                                           |   |   |   |   |

|                                                                                                                                |
|--------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Table 3 - Reconciliations of GAAP earnings before interest and taxes to earnings before interest and taxes on a non-GAAP basis |   |   |
|                                                                                                                           |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                           |   | Quarter Ended |   |   |   | Year Ended |   |   |
|                                                                                                                           |   | 2/1/15 |   | 2/2/14 |   |   |   | 2/1/15 |   | 2/2/14 |   |   |
|                                                                                                                           |   |   |   |   |   |   |   |   |   |   |   |   |
| Earnings before interest and taxes                                                                                             |   | $ | 6.2 |  |   | $ | 160.0 |  |   |   |   | $ | 529.9 |  |   | $ | 513.4 |  |   |   |
|                                                                                                                           |   |   |   |   |   |   |   |   |   |   |   |   |
| Items excluded:                                                                                                                |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                           |   |   |   |   |   |   |   |   |   |   |   |   |
| Gross profit charges associated with acquisition and integration of Warnaco                                                    |   | 0.8 |  |   | 8.8 |  |   |   |   | 4.7 |  |   | 85.6 |  |   |   |
|                                                                                                                           |   |   |   |   |   |   |   |   |   |   |   |   |
| Gross profit charges associated with exit of a discontinued product line in the Tommy Hilfiger Japan business                  |   | 1.8 |  |   |   |   |   |   | 1.8 |  |   |   |   |   |
|                                                                                                                           |   |   |   |   |   |   |   |   |   |   |   |   |
| Actuarial loss (gain) on retirement plans (recorded in SG&A)                                                               |   | 138.9 |  |   | (52.5 | ) |   |   |   | 138.9 |  |   | (52.5 | ) |   |   |
|                                                                                                                           |   |   |   |   |   |   |   |   |   |   |   |   |
| SG&A expenses associated with acquisition and integration of Warnaco and related restructuring                             |   | 32.9 |  |   | 89.8 |  |   |   |   | 134.7 |  |   | 384.1 |  |   |   |
|                                                                                                                           |   |   |   |   |   |   |   |   |   |   |   |   |
| SG&A expenses associated with exit from Izod retail business (including noncash impairment charges of $17.8)               |   | 21.0 |  |   |   |   |   |   | 21.0 |  |   |   |   |   |
|                                                                                                                           |   |   |   |   |   |   |   |   |   |   |   |   |
| SG&A expenses associated with exit of a discontinued product line in the Tommy Hilfiger Japan business                     |   | 1.2 |  |   |   |   |   |   | 1.2 |  |   |   |   |   |
|                                                                                                                           |   |   |   |   |   |   |   |   |   |   |   |   |
| Impairment of certain Tommy Hilfiger North America stores (recorded in SG&A)                                               |   |  |   |   |   |   |   | 2.3 |  |   |   |   |   |
|                                                                                                                           |   |   |   |   |   |   |   |   |   |   |   |   |
| Loss recorded on the sale of Bass, including related costs (recorded in SG&A)                                              |   |  |   | 0.7 |  |   |   |   | 1.0 |  |   | 20.2 |  |   |   |
|                                                                                                                           |   |   |   |   |   |   |   |   |   |   |   |   |
| SG&A impact of the amendment of an unfavorable contract                                                                    |   |   |   |  |   |   |   |   |   | (24.3 | ) |   |   |
|                                                                                                                           |   |   |   |   |   |   |   |   |   |   |   |   |
| Net gain on deconsolidation of subsidiaries and consolidated joint venture (recorded in SG&A)                              |   |  |   |  |   |   |   | (8.0 | ) |   |  |   |   |
|                                                                                                                           |   |   |   |   |   |   |   |   |   |   |   |   |
| Debt modification and extinguishment costs                                                                                     |   |  |   |  |   |   |   | 93.1 |  |   | 40.4 |  |   |   |
|                                                                                                                           |   |   |   |   |   |   |   |   |   |   |   |   |
| Earnings before interest and taxes on a non-GAAP basis                                                                         |   | $ | 202.8 |  |   | $ | 206.8 |  |   |   |   | $ | 920.6 |  |   | $ | 966.9 |  |   |   |
|                                                                                                                           |   |   |   |   |   |   |   |   |   |   |   |   |

----

|                                                                                                               |
|---------------------------------------------------------------------------------------------------------------|
|                                                                                                               |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Table 4 - Reconciliations of GAAP gross profit to gross profit on a non-GAAP basis                            |   |   |   |   |
|                                                                                                          |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                          |   | Quarter Ended |   |   |   | Year Ended |   |   |
|                                                                                                          |   | 2/1/15 |   | 2/2/14 |   |   |   | 2/1/15 |   | 2/2/14 |   |   |
|                                                                                                          |   |   |   |   |   |   |   |   |   |   |   |   |
| Gross profit                                                                                                  |   | $ | 1,071.3 |  |   | $ | 1,069.5 |  |   |   |   | $ | 4,326.7 |  |   | $ | 4,219.3 |  |   |   |
|                                                                                                          |   |   |   |   |   |   |   |   |   |   |   |   |
| Items excluded:                                                                                               |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                          |   |   |   |   |   |   |   |   |   |   |   |   |
| Gross profit charges associated with acquisition and integration of Warnaco                                   |   | 0.8 |  |   | 8.8 |  |   |   |   | 4.7 |  |   | 85.6 |  |   |   |
|                                                                                                          |   |   |   |   |   |   |   |   |   |   |   |   |
| Gross profit charges associated with exit of a discontinued product line in the Tommy Hilfiger Japan business |   | 1.8 |  |   |   |   |   |   | 1.8 |  |   |   |   |   |
|                                                                                                          |   |   |   |   |   |   |   |   |   |   |   |   |
| Gross profit on a non-GAAP basis                                                                              |   | $ | 1,073.9 |  |   | $ | 1,078.3 |  |   |   |   | $ | 4,333.2 |  |   | $ | 4,304.9 |  |   |   |
|                                                                                                          |   |   |   |   |   |   |   |   |   |   |   |   |

|                                                                                                                  |
|------------------------------------------------------------------------------------------------------------------|
|                                                                                                                  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Table 5 - Reconciliations of GAAP SG&A to SG&A on a non-GAAP basis                                       |   |   |
|                                                                                                             |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                             |   | Quarter Ended |   |   |   | Year Ended |   |   |
|                                                                                                             |   | 2/1/15 |   | 2/2/14 |   |   |   | 2/1/15 |   | 2/2/14 |   |   |
|                                                                                                             |   |   |   |   |   |   |   |   |   |   |   |   |
| SG&A                                                                                                         |   | $ | 1,065.8 |  |   | $ | 909.5 |  |   |   |   | $ | 3,713.6 |  |   | $ | 3,673.5 |  |   |   |
|                                                                                                             |   |   |   |   |   |   |   |   |   |   |   |   |
| Items excluded:                                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                             |   |   |   |   |   |   |   |   |   |   |   |   |
| Actuarial (loss) gain on retirement plans                                                                        |   | (138.9 | ) |   | 52.5 |  |   |   |   | (138.9 | ) |   | 52.5 |  |   |   |
|                                                                                                             |   |   |   |   |   |   |   |   |   |   |   |   |
| SG&A expenses associated with acquisition and integration of Warnaco and related restructuring               |   | (32.9 | ) |   | (89.8 | ) |   |   |   | (134.7 | ) |   | (384.1 | ) |   |   |
|                                                                                                             |   |   |   |   |   |   |   |   |   |   |   |   |
| SG&A expenses associated with exit from Izod retail business (including noncash impairment charges of $17.8) |   | (21.0 | ) |   |   |   |   |   | (21.0 | ) |   |   |   |   |
|                                                                                                             |   |   |   |   |   |   |   |   |   |   |   |   |
| SG&A expenses associated with exit of a discontinued product line in the Tommy Hilfiger Japan business       |   | (1.2 | ) |   |   |   |   |   | (1.2 | ) |   |   |   |   |
|                                                                                                             |   |   |   |   |   |   |   |   |   |   |   |   |
| Impairment of certain Tommy Hilfiger North America stores                                                        |   |  |  |   |   |   |   |   | (2.3 | ) |   |   |   |   |
|                                                                                                             |   |   |   |   |   |   |   |   |   |   |   |   |
| Loss recorded on the sale of Bass, including related costs                                                       |   |  |  |   | (0.7 | ) |   |   |   | (1.0 | ) |   | (20.2 | ) |   |   |
|                                                                                                             |   |   |   |   |   |   |   |   |   |   |   |   |
| SG&A impact of the amendment of an unfavorable contract                                                      |   |   |   |  |   |   |   |   |   | 24.3 |  |   |   |
|                                                                                                             |   |   |   |   |   |   |   |   |   |   |   |   |
| Net gain on deconsolidation of subsidiaries and consolidated joint venture                                       |   |  |  |   |   |   |   |   | 8.0 |  |   |   |   |   |
|                                                                                                             |   |   |   |   |   |   |   |   |   |   |   |   |
| SG&A on a non-GAAP basis                                                                                     |   | $ | 871.8 |  |   | $ | 871.5 |  |   |   |   | $ | 3,422.5 |  |   | $ | 3,346.0 |  |   |   |
|                                                                                                             |   |   |   |   |   |   |   |   |   |   |   |   |

----

|                                                                                                               |
|---------------------------------------------------------------------------------------------------------------|
|                                                                                                               |  |  |  |  |  |  |
| Table 6 - Reconciliation of GAAP net interest expense to net interest expense on a non-GAAP basis             |   |   |
|                                                                                                          |   |   |   |   |
|                                                                                                          |   | Year Ended |   |   |
|                                                                                                          |   | 2/2/14 |   |   |
|                                                                                                          |   |   |   |   |
| Interest expense, net                                                                                         |   | $ | 184.7 |  |   |   |
|                                                                                                          |   |   |   |   |
| Items excluded:                                                                                               |   |   |   |   |
|                                                                                                          |   |   |   |   |
| Interest expense incurred prior to the Warnaco acquisition closing date associated with $700M of senior notes |   | (0.8 | ) |   |   |
|                                                                                                          |   |   |   |   |
| Interest expense, net on a non-GAAP basis                                                                     |   | $ | 183.9 |  |   |   |
|                                                                                                          |   |   |   |   |

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Table 7 - Reconciliations of GAAP income tax (benefit) expense to income tax expense on a non-GAAP basis                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   | Quarter Ended |   |   |   | Year Ended |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   | 2/1/15 |   | 2/2/14 |   |   |   | 2/1/15 |   | 2/2/14 |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |
| Income tax (benefit) expense                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |   | $ | (77.3 | ) |   | $ | 152.2 |  |   |   |   | $ | (47.5 | ) |   | $ | 185.3 |  |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |
| Items excluded:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |
| Tax effects of pre-tax items identified as non-GAAP exclusions (1)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   | 64.4 |  |   | 15.0 |  |   |   |   | 130.4 |  |   | 142.0 |  |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |
| Discrete tax benefits related to the resolution of uncertain tax positions                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   | 36.6 |  |   |   |   |   |   | 81.9 |  |   |   |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |
| Discrete tax expense related to an increase to the Company’s previously-established liability for an uncertain tax position related to European and U.S. transfer pricing arrangements                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |   |   |   | (120.0 | ) |   |   |   |   |   | (120.0 | ) |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |
| Discrete tax (expense) benefit primarily related to the Warnaco integration                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |  |   | (4.7 | ) |   |   |   | 9.6 |  |   | (5.2 | ) |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |
| Income tax expense on a non-GAAP basis                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   | $ | 23.7 |  |   | $ | 42.5 |  |   |   |   | $ | 174.4 |  |   | $ | 202.1 |  |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |
| (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 8 - Reconciliations of GAAP depreciation and amortization expense to depreciation and amortization expense on a non-GAAP basis |   |   |
|                                                                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                 |   | Quarter Ended |   |   |   | Year Ended |   |   |
|                                                                                                                                 |   | 2/1/15 |   | 2/2/14 |   |   |   | 2/1/15 |   | 2/2/14 |   |   |
|                                                                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |
| Depreciation and amortization expense                                                                                                |   | $ | 63.3 |  |   | $ | 70.5 |  |   |   |   | $ | 244.7 |  |   | $ | 313.6 |  |   |   |
|                                                                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |
| Items excluded:                                                                                                                      |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |
| Depreciation and amortization associated with acquisition and integration of Warnaco                                                 |   | (1.3 | ) |   | (3.0 | ) |   |   |   | (5.6 | ) |   | (83.4 | ) |   |   |
|                                                                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |
| Depreciation and amortization expense on a non-GAAP basis                                                                            |   | $ | 62.0 |  |   | $ | 67.5 |  |   |   |   | $ | 239.1 |  |   | $ | 230.2 |  |   |   |
|                                                                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |

----

|                                                                      |
|----------------------------------------------------------------------|
|                                                                      |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                                 |   | Quarter Ended |   |   |   | Quarter Ended |
|                                                                 |   | 2/1/15 |   |   |   | 2/2/14 |
|                                                                 |   | GAAP |   |   |   | Non-GAAP |   |   |   | GAAP |   |   |   | Non-GAAP |   |
|                                                                 |   | Results |   | Adjustments | (1)  | Results |   |   |   | Results |   | Adjustments | (2)  | Results |   |
|                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net income (loss) attributable to PVH Corp.                          |   | $ | 51.5 |  |   | $ | (95.6 | ) |   | $ | 147.1 |  |   |   |   | $ | (37.5 | ) |   | $ | (156.5 | ) |   | $ | 119.0 |  |   |
|                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Weighted average common shares                                       |   | 82.5 |  |   |   |   | 82.5 |  |   |   |   | 81.9 |  |   |   |   | 81.9 |  |   |
| Weighted average dilutive securities                                 |   | 0.9 |  |   |  |  |   | 0.9 |  |   |   |   |  |   | 1.1 |  |   | 1.1 |  |   |
| Total shares                                                         |   | 83.4 |  |   |   |   | 83.4 |  |   |   |   | 81.9 |  |   |   |   | 83.0 |  |   |
|                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Diluted net income (loss) per common share attributable to PVH Corp. |   | $ | 0.62 |  |   |   |   | $ | 1.76 |  |   |   |   | $ | (0.46 | ) |   |   |   | $ | 1.43 |  |   |
|                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

|                                                               |
|---------------------------------------------------------------|
|                                                               |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                          |   | Year Ended |   |   |   | Year Ended |   |
|                                                          |   | 2/1/15 |   |   |   | 2/2/14 |   |
|                                                          |   | GAAP |   |   |   | Non-GAAP |   |   |   | GAAP |   |   |   | Non-GAAP |   |
|                                                          |   | Results |   | Adjustments | (1)  | Results |   |   |   | Results |   | Adjustments | (2)  | Results |   |
|                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net income attributable to PVH Corp.                          |   | $ | 439.0 |  |   | $ | (168.8 | ) |   | $ | 607.8 |  |   |   |   | $ | 143.5 |  |   | $ | (437.5 | ) |   | $ | 581.0 |  |   |
|                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Weighted average common shares                                |   | 82.4 |  |   |   |   | 82.4 |  |   |   |   | 81.2 |  |   |   |   | 81.2 |  |   |
| Weighted average dilutive securities                          |   | 0.9 |  |   |  |  |   | 0.9 |  |   |   |   | 1.4 |  |   |   |   | 1.4 |  |   |
| Total shares                                                  |   | 83.3 |  |   |   |   | 83.3 |  |   |   |   | 82.6 |  |   |   |   | 82.6 |  |   |
|                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Diluted net income per common share attributable to PVH Corp. |   | $ | 5.27 |  |   |   |   | $ | 7.30 |  |   |   |   | $ | 1.74 |  |   |   |   | $ | 7.03 |  |   |
|                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

|           |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
|-----------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (1)  | Represents the impact on net income in the periods ended February 1, 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 the Company’s exit of the Izod retail business, including noncash impairment charges; (iii) the costs incurred in connection with the Company’s exit of a discontinued product line in the Tommy Hilfiger Japan business; (iv) the impairment of certain Tommy Hilfiger stores in North America; (v) the costs incurred related to the sale of the Bass business; (vi) 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% senior notes due 2020; (vii) 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; (viii) the recognized actuarial loss on retirement plans; (ix) the tax effects associated with the foregoing items; and (x) the tax benefits associated with non-recurring discrete items primarily related to various Warnaco integration activities and 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. |

----

|                                                                                 |
|---------------------------------------------------------------------------------|
|                                                                                 |  |  |  |  |  |  |  |
|                                                                            | 2/1/15 |   | 2/2/14 |
| ASSETS                                                                          |   |   |   |
| Current Assets:                                                                 |   |   |   |
| Cash and Cash Equivalents                                                       | $ | 479.3 |  |   | $ | 593.2 |  |
| Receivables                                                                     | 743.2 |  |   | 761.2 |  |
| Inventories                                                                     | 1,257.3 |  |   | 1,281.0 |  |
| Other Current Assets                                                            | 421.4 |  |   | 363.2 |  |
| Total Current Assets                                                            | 2,901.2 |  |   | 2,998.6 |  |
| Property, Plant and Equipment                                                   | 725.7 |  |   | 712.1 |  |
| Goodwill and Other Intangible Assets                                            | 7,040.7 |  |   | 7,559.0 |  |
| Other Assets                                                                    | 264.2 |  |   | 305.9 |  |
|                                                                            | $ | 10,931.8 |  |   | $ | 11,575.6 |  |
|                                                                            |   |   |   |
| LIABILITIES, REDEEMABLE NON-CONTROLLING INTEREST AND STOCKHOLDERS’ EQUITY |   |   |   |
| Accounts Payable and Accrued Expenses                                           | $ | 1,320.8 |  |   | $ | 1,460.6 |  |
| Short-Term Borrowings                                                           | 8.5 |  |   | 6.8 |  |
| Current Portion of Long-Term Debt                                               | 99.3 |  |   | 85.0 |  |
| Other Liabilities                                                               | 1,700.2 |  |   | 1,804.2 |  |
| Long-Term Debt                                                                  | 3,438.7 |  |   | 3,878.2 |  |
| Redeemable Non-Controlling Interest                                             |  |  |   | 5.6 |  |
| Stockholders’ Equity                                                      | 4,364.3 |  |   | 4,335.2 |  |
|                                                                            | $ | 10,931.8 |  |   | $ | 11,575.6 |  |

----

|                               |
|-------------------------------|
|                               |  |  |  |  |  |  |  |  |  |  |  |
| PVH CORP.                     |   |   |   |   |   |   |   |
| Segment Data                  |   |   |   |   |   |   |   |
| (In millions)                 |   |   |   |   |   |   |   |
|                          |   |   |   |   |   |   |   |
| REVENUE BY SEGMENT            |   |   |   |   |   |   |   |
|                          |   | Quarter Ended |   |   |   | Quarter Ended |   |
|                          |   | 2/1/15 |   |   |   | 2/2/14 |   |
|                          |   |   |   |   |   |   |   |
| Calvin Klein North America    |   |   |   |   |   |   |   |
| Net sales                     |   | $ | 352.3 |  |   |   |   | $ | 307.3 |  |   |
| Royalty revenue               |   | 27.9 |  |   |   |   | 27.8 |  |   |
| Advertising and other revenue |   | 8.4 |  |   |   |   | 10.1 |  |   |
| Total                         |   | 388.6 |  |   |   |   | 345.2 |  |   |
|                          |   |   |   |   |   |   |   |
| Calvin Klein International    |   |   |   |   |   |   |   |
| Net sales                     |   | 285.4 |  |   |   |   | 311.7 |  |   |
| Royalty revenue               |   | 21.7 |  |   |   |   | 22.7 |  |   |
| Advertising and other revenue |   | 7.0 |  |   |   |   | 8.9 |  |   |
| Total                         |   | 314.1 |  |   |   |   | 343.3 |  |   |
|                          |   |   |   |   |   |   |   |
| Total Calvin Klein            |   |   |   |   |   |   |   |
| Net sales                     |   | 637.7 |  |   |   |   | 619.0 |  |   |
| Royalty revenue               |   | 49.6 |  |   |   |   | 50.5 |  |   |
| Advertising and other revenue |   | 15.4 |  |   |   |   | 19.0 |  |   |
| Total                         |   | 702.7 |  |   |   |   | 688.5 |  |   |
|                          |   |   |   |   |   |   |   |
| Tommy Hilfiger North America  |   |   |   |   |   |   |   |
| Net sales                     |   | 432.7 |  |   |   |   | 399.4 |  |   |
| Royalty revenue               |   | 7.9 |  |   |   |   | 6.7 |  |   |
| Advertising and other revenue |   | 2.6 |  |   |   |   | 2.3 |  |   |
| Total                         |   | 443.2 |  |   |   |   | 408.4 |  |   |
|                          |   |   |   |   |   |   |   |
| Tommy Hilfiger International  |   |   |   |   |   |   |   |
| Net sales                     |   | 462.1 |  |   |   |   | 478.9 |  |   |
| Royalty revenue               |   | 13.8 |  |   |   |   | 13.6 |  |   |
| Advertising and other revenue |   | 0.3 |  |   |   |   | 1.0 |  |   |
| Total                         |   | 476.2 |  |   |   |   | 493.5 |  |   |
|                          |   |   |   |   |   |   |   |
| Total Tommy Hilfiger          |   |   |   |   |   |   |   |
| Net sales                     |   | 894.8 |  |   |   |   | 878.3 |  |   |
| Royalty revenue               |   | 21.7 |  |   |   |   | 20.3 |  |   |
| Advertising and other revenue |   | 2.9 |  |   |   |   | 3.3 |  |   |
| Total                         |   | 919.4 |  |   |   |   | 901.9 |  |   |
|                          |   |   |   |   |   |   |   |
| Heritage Brands Wholesale     |   |   |   |   |   |   |   |
| Net sales                     |   | 345.3 |  |   |   |   | 364.1 |  |   |
| Royalty revenue               |   | 4.5 |  |   |   |   | 4.3 |  |   |
| Advertising and other revenue |   | 0.8 |  |   |   |   | 0.7 |  |   |
| Total                         |   | 350.6 |  |   |   |   | 369.1 |  |   |
|                          |   |   |   |   |   |   |   |
| Heritage Brands Retail        |   |   |   |   |   |   |   |
| Net sales                     |   | 95.3 |  |   |   |   | 92.2 |  |   |
| Royalty revenue               |   | 0.7 |  |   |   |   | 0.5 |  |   |
| Advertising and other revenue |   | 0.1 |  |   |   |   | 0.1 |  |   |
| Total                         |   | 96.1 |  |   |   |   | 92.8 |  |   |
|                          |   |   |   |   |   |   |   |
| Total Heritage Brands         |   |   |   |   |   |   |   |
| Net sales                     |   | 440.6 |  |   |   |   | 456.3 |  |   |
| Royalty revenue               |   | 5.2 |  |   |   |   | 4.8 |  |   |
| Advertising and other revenue |   | 0.9 |  |   |   |   | 0.8 |  |   |
| Total                         |   | 446.7 |  |   |   |   | 461.9 |  |   |
|                          |   |   |   |   |   |   |   |
| Total Revenue                 |   |   |   |   |   |   |   |
| Net sales                     |   | 1,973.1 |  |   |   |   | 1,953.6 |  |   |
| Royalty revenue               |   | 76.5 |  |   |   |   | 75.6 |  |   |
| Advertising and other revenue |   | 19.2 |  |   |   |   | 23.1 |  |   |
| Total                         |   | $ | 2,068.8 |  |   |   |   | $ | 2,052.3 |  |   |
|                          |   |   |   |   |   |   |   |

----

|                                               |
|-----------------------------------------------|
|                                               |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| PVH CORP.                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Segment Data (continued)                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| (In millions)                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| EARNINGS BEFORE INTEREST AND TAXES BY SEGMENT |   |   |   |   |
|                                          |   |   |   |   |   |   |   |
|                                          |   | Quarter Ended |   |   |   | Quarter Ended |   |
|                                          |   | 2/1/15 |   |   |   | 2/2/14 |   |
|                                          |   | Results |   |   |   |   |   |   |   | Results |   |   |   |   |   |
|                                          |   | Under |   |   |   | Non-GAAP |   |   |   | Under |   |   |   | Non-GAAP |   |
|                                          |   | GAAP |   | Adjustments(1) |   | Results |   |   |   | GAAP |   | Adjustments(2) |   | Results |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Calvin Klein North America                    |   | $ | 52.7 |  |   | $ | (3.2 | ) |   | $ | 55.9 |  |   |   |   | $ | 43.9 |  |   | $ | (8.5 | ) |   | $ | 52.4 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Calvin Klein International                    |   | 20.9 |  |   | (14.6 | ) |   | 35.5 |  |   |   |   | (20.8 | ) |   | (54.6 | ) |   | 33.8 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total Calvin Klein                            |   | 73.6 |  |   | (17.8 | ) |   | 91.4 |  |   |   |   | 23.1 |  |   | (63.1 | ) |   | 86.2 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Tommy Hilfiger North America                  |   | 62.0 |  |   |  |  |   | 62.0 |  |   |   |   | 55.0 |  |   |  |  |   | 55.0 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Tommy Hilfiger International                  |   | 55.8 |  |   | (3.0 | ) |   | 58.8 |  |   |   |   | 62.5 |  |   |  |  |   | 62.5 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total Tommy Hilfiger                          |   | 117.8 |  |   | (3.0 | ) |   | 120.8 |  |   |   |   | 117.5 |  |   |  |  |   | 117.5 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Heritage Brands Wholesale                     |   | 12.2 |  |   | (4.7 | ) |   | 16.9 |  |   |   |   | 23.3 |  |   | (6.9 | ) |   | 30.2 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Heritage Brands Retail                        |   | (21.0 | ) |   | (21.0 | ) |   | 0.0 |  |   |   |   | (2.0 | ) |   | (0.7 | ) |   | (1.3 | ) |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total Heritage Brands                         |   | (8.8 | ) |   | (25.7 | ) |   | 16.9 |  |   |   |   | 21.3 |  |   | (7.6 | ) |   | 28.9 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Corporate                                     |   | (176.4 | ) |   | (150.1 | ) |   | (26.3 | ) |   |   |   | (1.9 | ) |   | 23.9 |  |   | (25.8 | ) |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total earnings before interest and taxes      |   | $ | 6.2 |  |   | $ | (196.6 | ) |   | $ | 202.8 |  |   |   |   | $ | 160.0 |  |   | $ | (46.8 | ) |   | $ | 206.8 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

|           |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
|-----------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (1)  | Adjustments for the quarter ended February 1, 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 the Company’s exit of the Izod retail business, including noncash impairment charges; (iii) the costs incurred in connection with the Company’s exit of a discontinued product line in the Tommy Hilfiger Japan business; and (iv) the recognized actuarial loss on retirement plans. |

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

----

|                               |
|-------------------------------|
|                               |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| PVH CORP.                     |   |   |   |   |   |   |   |   |   |   |   |
| Segment Data (continued)      |   |   |   |   |   |   |   |   |   |   |   |
| (In millions)                 |   |   |   |   |   |   |   |   |   |   |   |
|                          |   |   |   |   |   |   |   |   |   |   |   |
| REVENUE BY SEGMENT            |   |   |   |   |   |   |   |   |   |   |   |
|                          | Year Ended |   |   | Year Ended |   |
|                          |   | 2/1/15 |   |   |   | 2/2/14 |   |
|                          |   |   |   |   |   | Results |   |   |   |   |   |
|                          |   |   |   |   |   | Under |   |   |   | Non-GAAP |   |
| Calvin Klein North America    |   |   |   |   |   | GAAP |   | Adjustments(1) |   | Results |   |
| Net sales                     |   | $ | 1,391.1 |  |   |   |   | $ | 1,316.8 |  |   |   |   | $ | 1,316.8 |  |   |
| Royalty revenue               |   | 115.6 |  |   |   |   | 113.9 |  |   |   |   | 113.9 |  |   |
| Advertising and other revenue |   | 44.1 |  |   |   |   | 41.9 |  |   |   |   | 41.9 |  |   |
| Total                         |   | 1,550.8 |  |   |   |   | 1,472.6 |  |   |   |   | 1,472.6 |  |   |
|                          |   |   |   |   |   |   |   |   |   |   |   |
| Calvin Klein International    |   |   |   |   |   |   |   |   |   |   |   |
| Net sales                     |   | 1,198.8 |  |   |   |   | 1,186.9 |  |   | $ | (30.0 | ) |   | 1,216.9 |  |   |
| Royalty revenue               |   | 78.6 |  |   |   |   | 76.8 |  |   |   |   | 76.8 |  |   |
| Advertising and other revenue |   | 30.6 |  |   |   |   | 30.3 |  |   |   |   | 30.3 |  |   |
| Total                         |   | 1,308.0 |  |   |   |   | 1,294.0 |  |   | (30.0 | ) |   | 1,324.0 |  |   |
|                          |   |   |   |   |   |   |   |   |   |   |   |
| Total Calvin Klein            |   |   |   |   |   |   |   |   |   |   |   |
| Net sales                     |   | 2,589.9 |  |   |   |   | 2,503.7 |  |   | (30.0 | ) |   | 2,533.7 |  |   |
| Royalty revenue               |   | 194.2 |  |   |   |   | 190.7 |  |   |   |   | 190.7 |  |   |
| Advertising and other revenue |   | 74.7 |  |   |   |   | 72.2 |  |   |   |   | 72.2 |  |   |
| Total                         |   | 2,858.8 |  |   |   |   | 2,766.6 |  |   | (30.0 | ) |   | 2,796.6 |  |   |
|                          |   |   |   |   |   |   |   |   |   |   |   |
| Tommy Hilfiger North America  |   |   |   |   |   |   |   |   |   |   |   |
| Net sales                     |   | 1,595.6 |  |   |   |   | 1,505.6 |  |   |   |   | 1,505.6 |  |   |
| Royalty revenue               |   | 30.2 |  |   |   |   | 27.6 |  |   |   |   | 27.6 |  |   |
| Advertising and other revenue |   | 10.0 |  |   |   |   | 9.0 |  |   |   |   | 9.0 |  |   |
| Total                         |   | 1,635.8 |  |   |   |   | 1,542.2 |  |   |   |   | 1,542.2 |  |   |
|                          |   |   |   |   |   |   |   |   |   |   |   |
| Tommy Hilfiger International  |   |   |   |   |   |   |   |   |   |   |   |
| Net sales                     |   | 1,886.1 |  |   |   |   | 1,834.9 |  |   |   |   | 1,834.9 |  |   |
| Royalty revenue               |   | 56.2 |  |   |   |   | 51.7 |  |   |   |   | 51.7 |  |   |
| Advertising and other revenue |   | 3.7 |  |   |   |   | 4.5 |  |   |   |   | 4.5 |  |   |
| Total                         |   | 1,946.0 |  |   |   |   | 1,891.1 |  |   |   |   | 1,891.1 |  |   |
|                          |   |   |   |   |   |   |   |   |   |   |   |
| Total Tommy Hilfiger          |   |   |   |   |   |   |   |   |   |   |   |
| Net sales                     |   | 3,481.7 |  |   |   |   | 3,340.5 |  |   |   |   | 3,340.5 |  |   |
| Royalty revenue               |   | 86.4 |  |   |   |   | 79.3 |  |   |   |   | 79.3 |  |   |
| Advertising and other revenue |   | 13.7 |  |   |   |   | 13.5 |  |   |   |   | 13.5 |  |   |
| Total                         |   | 3,581.8 |  |   |   |   | 3,433.3 |  |   |   |   | 3,433.3 |  |   |
|                          |   |   |   |   |   |   |   |   |   |   |   |
| Heritage Brands Wholesale     |   |   |   |   |   |   |   |   |   |   |   |
| Net sales                     |   | 1,425.1 |  |   |   |   | 1,420.3 |  |   |   |   | 1,420.3 |  |   |
| Royalty revenue               |   | 17.2 |  |   |   |   | 16.4 |  |   |   |   | 16.4 |  |   |
| Advertising and other revenue |   | 2.7 |  |   |   |   | 2.8 |  |   |   |   | 2.8 |  |   |
| Total                         |   | 1,445.0 |  |   |   |   | 1,439.5 |  |   |   |   | 1,439.5 |  |   |
|                          |   |   |   |   |   |   |   |   |   |   |   |
| Heritage Brands Retail        |   |   |   |   |   |   |   |   |   |   |   |
| Net sales                     |   | 352.4 |  |   |   |   | 541.7 |  |   |   |   | 541.7 |  |   |
| Royalty revenue               |   | 2.7 |  |   |   |   | 4.3 |  |   |   |   | 4.3 |  |   |
| Advertising and other revenue |   | 0.5 |  |   |   |   | 1.0 |  |   |   |   | 1.0 |  |   |
| Total                         |   | 355.6 |  |   |   |   | 547.0 |  |   |   |   | 547.0 |  |   |
|                          |   |   |   |   |   |   |   |   |   |   |   |
| Total Heritage Brands         |   |   |   |   |   |   |   |   |   |   |   |
| Net sales                     |   | 1,777.5 |  |   |   |   | 1,962.0 |  |   |   |   | 1,962.0 |  |   |
| Royalty revenue               |   | 19.9 |  |   |   |   | 20.7 |  |   |   |   | 20.7 |  |   |
| Advertising and other revenue |   | 3.2 |  |   |   |   | 3.8 |  |   |   |   | 3.8 |  |   |
| Total                         |   | 1,800.6 |  |   |   |   | 1,986.5 |  |   |   |   | 1,986.5 |  |   |
|                          |   |   |   |   |   |   |   |   |   |   |   |
| Total Revenue                 |   |   |   |   |   |   |   |   |   |   |   |
| Net sales                     |   | 7,849.1 |  |   |   |   | 7,806.2 |  |   | (30.0 | ) |   | 7,836.2 |  |   |
| Royalty revenue               |   | 300.5 |  |   |   |   | 290.7 |  |   |   |   | 290.7 |  |   |
| Advertising and other revenue |   | 91.6 |  |   |   |   | 89.5 |  |   |   |   | 89.5 |  |   |
| Total                         |   | $ | 8,241.2 |  |   |   |   | $ | 8,186.4 |  |   | $ | (30.0 | ) |   | $ | 8,216.4 |  |   |
|                          |   |   |   |   |   |   |   |   |   |   |   |

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

----

|                                               |
|-----------------------------------------------|
|                                               |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| PVH CORP.                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Segment Data (continued)                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| (In millions)                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| EARNINGS BEFORE INTEREST AND TAXES BY SEGMENT |   |   |   |   |
|                                          |   |   |   |   |   |   |   |
|                                          |   | Year Ended |   |   |   | Year Ended |   |
|                                          |   | 2/1/15 |   |   |   | 2/2/14 |   |
|                                          |   | Results |   |   |   |   |   |   |   | Results |   |   |   |   |   |
|                                          |   | Under |   |   |   | Non-GAAP |   |   |   | Under |   |   |   | Non-GAAP |   |
|                                          |   | GAAP |   | Adjustments(1) |   | Results |   |   |   | GAAP |   | Adjustments(2) |   | Results |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Calvin Klein North America                    |   | $ | 225.6 |  |   | $ | (14.0 | ) |   | $ | 239.6 |  |   |   |   | $ | 167.0 |  |   | $ | (87.7 | ) |   | $ | 254.7 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Calvin Klein International                    |   | 118.7 |  |   | (43.1 | ) |   | 161.8 |  |   |   |   | (60.7 | ) |   | (237.5 | ) |   | 176.8 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total Calvin Klein                            |   | 344.3 |  |   | (57.1 | ) |   | 401.4 |  |   |   |   | 106.3 |  |   | (325.2 | ) |   | 431.5 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Tommy Hilfiger North America                  |   | 242.9 |  |   | (2.3 | ) |   | 245.2 |  |   |   |   | 242.5 |  |   | 12.0 |  |   | 230.5 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Tommy Hilfiger International                  |   | 261.2 |  |   | (3.0 | ) |   | 264.2 |  |   |   |   | 260.5 |  |   | 12.3 |  |   | 248.2 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total Tommy Hilfiger                          |   | 504.1 |  |   | (5.3 | ) |   | 509.4 |  |   |   |   | 503.0 |  |   | 24.3 |  |   | 478.7 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Heritage Brands Wholesale                     |   | 96.6 |  |   | (17.7 | ) |   | 114.3 |  |   |   |   | 114.4 |  |   | (43.9 | ) |   | 158.3 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Heritage Brands Retail                        |   | (24.8 | ) |   | (22.0 | ) |   | (2.8 | ) |   |   |   | (24.4 | ) |   | (20.2 | ) |   | (4.2 | ) |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total Heritage Brands                         |   | 71.8 |  |   | (39.7 | ) |   | 111.5 |  |   |   |   | 90.0 |  |   | (64.1 | ) |   | 154.1 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Corporate                                     |   | (390.3 | ) |   | (288.6 | ) |   | (101.7 | ) |   |   |   | (185.9 | ) |   | (88.5 | ) |   | (97.4 | ) |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total earnings before interest and taxes      |   | $ | 529.9 |  |   | $ | (390.7 | ) |   | $ | 920.6 |  |   |   |   | $ | 513.4 |  |   | $ | (453.5 | ) |   | $ | 966.9 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

|           |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
|-----------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (1)  | Adjustments for the year ended February 1, 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 the Company’s exit of the Izod retail business, including noncash impairment charges; (iii) the costs incurred in connection with the Company’s exit of a discontinued product line in the Tommy Hilfiger Japan business; (iv) the impairment of certain Tommy Hilfiger stores in North America; (v) the costs incurred related to the sale of the Bass business; (vi) 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% senior notes due 2020; (vii) 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; and (viii) the recognized actuarial loss on retirement plans. |

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

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|                              |
|------------------------------|
|                              |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                         |   | Revenue as Reported |   | % Change |   |
|                         |   | Quarter Ended |   | As Reported |   | Impact of Foreign Exchange Translation |   | Constant Currency |   |
|                         |   | 2/1/15 |   | 2/2/14 |   |   |   |   |
|                         |   |   |   |   |   |   |   |   |   |   |   |
| Calvin Klein International   |   | $ | 314.1 |  |   | $ | 343.3 |  |   | (8.5 | )% |   | (6.5 | )% |   | (2.0 | )% |   |
| Total Calvin Klein           |   | 702.7 |  |   | 688.5 |  |   | 2.1 |  % |   | (4.0 | )% |   | 6.1 |  % |   |
|                         |   |   |   |   |   |   |   |   |   |   |   |
| Tommy Hilfiger International |   | $ | 476.2 |  |   | $ | 493.5 |  |   | (3.5 | )% |   | (12.4 | )% |   | 8.9 |  % |   |
| Total Tommy Hilfiger         |   | 919.4 |  |   | 901.9 |  |   | 1.9 |  % |   | (7.3 | )% |   | 9.2 |  % |   |
|                         |   |   |   |   |   |   |   |   |   |   |   |
| Total Revenue                |   | $ | 2,068.8 |  |   | $ | 2,052.3 |  |   | 0.8 |  % |   | (4.7 | )% |   | 5.5 |  % |   |

|                              |
|------------------------------|
|                              |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                         |   | Revenue as Reported |   | % Change |   |
|                         |   | Year Ended |   | As Reported |   | Impact of Foreign Exchange Translation |   | Constant Currency |   |
|                         |   | 2/1/15 |   | 2/2/14 |   |   |   |   |
|                         |   |   |   |   |   |   |   |   |   |   |   |
| Tommy Hilfiger International |   | $ | 1,946.0 |  |   | $ | 1,891.1 |  |   | 2.9 | % |   | (2.4 | )% |   | 5.3 | % |   |
| Total Tommy Hilfiger         |   | $ | 3,581.8 |  |   | $ | 3,433.3 |  |   | 4.3 | % |   | (1.8 | )% |   | 6.1 | % |   |

|                      |
|----------------------|
|                      |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                 |   | Earnings Before Interest and Taxes |   |
|                 |   | As Reported |   | Adjustments (1) |   | Non-GAAP Basis |   | Impact of Foreign Exchange Translation |   | Constant Currency |   |
|                 |   |   |   |   |   |   |
|                 |   |   |   |   |   |   |   |   |   |   |   |
| Quarter Ended 2/1/15 |   | $ | 6.2 |  |   | $ | (196.6 | ) |   | $ | 202.8 |  |   | $ | (12.1 | ) |   | $ | 214.9 |  |   |
| Quarter Ended 2/2/14 |   | 160.0 |  |   | (46.8 | ) |   | 206.8 |  |   | — |  |   | 206.8 |  |   |
| % Change             |   |   |   |   |   |   |   |   |   | 4 | % |   |

|            |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (1)   | Represents the impact from the elimination of (i) the costs incurred in the quarters ended February 1, 2015 and February 2, 2014 in connection with the Company’s integration of Warnaco and the related restructuring; (ii) the costs incurred in the quarter ended February 1, 2015 in connection with the Company’s exit of the Izod retail business, including noncash impairment charges; (iii) the costs incurred in the quarter ended February 1, 2015 in connection with the Company’s exit of a discontinued product line in the Tommy Hilfiger Japan business; (iv) the loss incurred in the quarter ended February 2, 2014 in connection with the sale of substantially all of the assets of the Bass business, including related costs; and (v) the actuarial (loss) gain on retirement plans recognized in the quarters ended February 1, 2015 and February 2, 2014, respectively. Please see Table 3 in the section entitled “Reconciliations of GAAP to Non-GAAP Amounts” for more detail. |

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|                                                                                                                   |
|-------------------------------------------------------------------------------------------------------------------|
|                                                                                                                   |  |  |  |  |  |  |
|                                                                                                                   |  | 2015 Guidance |  | Previous 2014 Guidance |
| Net Income Per Common Share Reconciliations                                                                       |  | Full Year      2015(Estimated) | First Quarter2015(Estimated) |  | Full Year      2014(Estimated) | Fourth Quarter2014(Estimated) |
|                                                                                                                   |  |  |  |  |  |  |
| GAAP net income per common share attributable to PVH Corp.                                                        |  | $6.09 - $6.24 | $1.08 - $1.13 |  | $6.08 - $6.13 | $1.42 - $1.47 |
| Estimated per common share impact of items identified as non-GAAP exclusions                                      |  | $(0.66) | $(0.27) |  | $(1.17) | $(0.29) |
| Net income per common share attributable to PVH Corp. excluding impact of items identified as non-GAAP exclusions |  | $6.75 - $6.90 | $1.35 - $1.40 |  | $7.25 - $7.30 | $1.71 - $1.76 |

----

|                                                                    |
|--------------------------------------------------------------------|
|                                                                    |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| 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) |   | First Quarter 2015 (Estimated) (Consolidated) | First Quarter 2015 (Estimated) (Calvin Klein) | First Quarter 2015 (Estimated) (Tommy Hilfiger) |
|                                                               |   |   |   |   |   |   |   |   |
| GAAP revenue (decrease) increase                                   |   | (4 | )% | Flat |  | (7 | )% |   | (6 | )% | (3 | )% | (10 | )% |
| Impact of foreign exchange translation                             |   | (7 | )% | (5 | )% | (10 | )% |   | (8 | )% | (6 | )% | (12 | )% |
| Non-GAAP revenue increase on a constant currency basis             |   | 3 |  % | 5 |  % | 3 |  % |   | 2 |  % | 3 |  % | 2 |  % |

|                                                               |
|---------------------------------------------------------------|
|                                                               |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                          |   | First Quarter 2014 |
|                                                          | (Actual) |
|                                                          | Results Under GAAP |   | Adjustments | (1)  | Non-GAAP Results |
|                                                          |   |   |   |   |   |   |
| Net income attributable to PVH Corp.                          |   | $ | 35.3 |  |   | $ | (86.8 | ) |   | $ | 122.1 |  |
| Total weighted average shares                                 |   | 83.2 |  |   |   |   | 83.2 |  |
|                                                          |   |   |   |   |   |   |
| Diluted net income per common share attributable to PVH Corp. |   | $ | 0.42 |  |   |   |   | $ | 1.47 |  |