|         |                                                                                                                  |
|---------|------------------------------------------------------------------------------------------------------------------|
| • | Fourth quarter revenue of $2.1 billion was flat compared to the prior year period and exceeded previous guidance |

|         |                                     |
|---------|-------------------------------------|
| • | 2016 EPS exceeded guidance and was: |

|         |                                                          |
|---------|----------------------------------------------------------|
| ◦ | GAAP basis: $1.26 (fourth quarter) and $6.79 (full year) |

|         |                                                              |
|---------|--------------------------------------------------------------|
| ◦ | Non-GAAP basis: $1.23 (fourth quarter) and $6.80 (full year) |

|         |                    |
|---------|--------------------|
| • | 2017 EPS guidance: |

|         |                                                                           |
|---------|---------------------------------------------------------------------------|
| ◦ | GAAP basis: $6.20 to $6.30 (full year) and $0.73 to $0.75 (first quarter) |

|         |                                                                                                                                                                                                                                      |
|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| ◦ | Non-GAAP basis: $7.30 to $7.40 (full year) and $1.58 to $1.60 (first quarter) and includes an expected negative impact related to foreign currency exchange rates of $0.40 per share (full year) and $0.10 per share (first quarter) |

|         |                                                                                                                   |
|---------|-------------------------------------------------------------------------------------------------------------------|
| • | Board authorizes $750 million increase and extension to June 2020 of the Company’s stock repurchase program |

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|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | A 7% increase (9% increase on a constant currency basis) in the Calvin Klein business compared to the prior year, driven by the continued significant growth in Europe, China and the North America wholesale business, partially offset by a decrease due to the Mexico deconsolidation. International comparable store sales increased 6%. North America comparable store sales decreased 4%, primarily driven by declines in traffic and consumer spending in Calvin Klein’s U.S. stores located in international tourist locations. |

|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | A 4% increase (5% increase on a constant currency basis) in the Tommy Hilfiger business compared to the prior year, driven principally by strong growth across Europe, including a 9% increase in comparable store sales, and the inclusion of the revenue of the China business after completion of the TH China acquisition in April 2016. Tommy Hilfiger North America comparable store sales declined 9%, primarily driven by weak traffic and consumer spending in Tommy Hilfiger’s U.S. stores located in international tourist locations. Also negatively impacting Tommy Hilfiger North America revenue was the discontinuation of the Company’s directly operated womenswear wholesale business in the U.S. and Canada in connection with the G-III license. |

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|         |                                                                                                                                                                                                                |
|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | A 10% decrease in the Heritage Brands business compared to the prior year, principally driven by the rationalization initiatives in the business, partially offset by a 7% increase in comparable store sales. |

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|         |                                                                                                                                                   |
|---------|---------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Pre-tax costs of approximately $55 million expected to be incurred in the first quarter of 2017 in connection with the Li & Fung termination. |

|         |                                                                                                                                                                                                                                                                                |
|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Pre-tax costs of approximately $25 million expected to be incurred in 2017 in connection with the TH China acquisition, primarily consisting of noncash amortization of short-lived assets, of which approximately $7 million is expected to be incurred in the first quarter. |

|         |                                                                                                                                                                                                                                                                                                             |
|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Pre-tax costs of approximately $20 million expected to be incurred in 2017 in connection with the relocation of the Company’s Tommy Hilfiger office in New York, New York, including noncash depreciation expense, of which approximately $8 million is expected to be incurred in the first quarter. |

|         |                                                                                                                                                                                                                                                                                                                                                           |
|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Pre-tax costs of approximately $10 million expected to be incurred in the first quarter of 2017 in connection with the noncash settlement of certain of the Company’s benefit obligations related to its retirement plans as a result of an annuity purchase for certain participants, under which such obligations were transferred to an insurer. |

|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Pre-tax noncash gain of $153 million recorded in the first quarter of 2016 to write-up the Company’s equity investment in TH China to fair value in connection with the TH China acquisition, which was completed in the first quarter of 2016. Partially offsetting the pre-tax gain are transaction-related pre-tax costs of $83 million incurred in 2016, primarily consisting of noncash valuation adjustments and amortization of short-lived assets. Of these pre-tax costs, $30 million was incurred in the first quarter, $20 million was incurred in the second quarter, $17 million was incurred in the third quarter and $15 million was incurred in the fourth quarter. |

|         |                                                                                                                                  |
|---------|----------------------------------------------------------------------------------------------------------------------------------|
| • | Pre-tax gain of $39 million recorded in the fourth quarter of 2016 related to the recognized actuarial gain on retirement plans. |

|         |                                                                                                                                                                           |
|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Pre-tax gain of $18 million recorded in the third quarter of 2016 in connection with a payment made to the Company to exit a Tommy Hilfiger flagship store in Europe. |

|         |                                                                                                                                                                                                                                                                               |
|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Pre-tax noncash loss of $84 million recorded in 2016 in connection with the formation of the joint venture in Mexico, of which $77 million was recorded in the third quarter and $7 million was recorded upon completion of the Mexico deconsolidation in the fourth quarter. |

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|         |                                                                                                                                              |
|---------|----------------------------------------------------------------------------------------------------------------------------------------------|
| • | Pre-tax costs of $16 million incurred in the second quarter of 2016 in connection with the amendment of the Company’s credit facility. |

|         |                                                                                                                                         |
|---------|-----------------------------------------------------------------------------------------------------------------------------------------|
| • | Pre-tax costs of $11 million incurred in the fourth quarter of 2016 in connection with the TH men’s tailored license termination. |

|         |                                                                                                                                                                                                                                                   |
|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Pre-tax costs of approximately $10 million incurred in 2016 in connection with the integration of Warnaco and the related restructuring, of which $7 million was incurred in the first quarter and $2 million was incurred in the second quarter. |

|         |                                                                                                                                                                               |
|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Pre-tax costs of $6 million incurred in the first quarter of 2016 in connection with the restructuring associated with the new global creative strategy for CALVIN KLEIN. |

|         |                                                                                                                                                                                                                |
|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Pre-tax costs of $4 million incurred in 2016 in connection with the G-III license, of which $1 million was incurred in each of the first and second quarters and $2 million was incurred in the third quarter. |

|         |                                                                                                                                                                                       |
|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Pre-tax costs of $3 million incurred in the first quarter of 2016 related to the discontinuation of several licensed product lines in the Heritage Brands dress furnishings business. |

|         |                                                                                                                                                                                                                                                                    |
|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Discrete tax benefits of $15 million recorded in 2016 related to the resolution of uncertain tax positions, of which $6 million was recorded in the first quarter, $8 million was recorded in the third quarter and $1 million was recorded in the fourth quarter. |

|         |                                                                                                                               |
|---------|-------------------------------------------------------------------------------------------------------------------------------|
| • | Pre-tax gain of $20 million recorded in the fourth quarter of 2015 related to recognized actuarial gains on retirement plans. |

|         |                                                                                                                                                                                                                                                                                                                                      |
|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Pre-tax costs of $73 million incurred in 2015 in connection with the integration of Warnaco and the related restructuring, of which $19 million was incurred in the first quarter, $13 million was incurred in the second quarter, $19 million was incurred in the third quarter and $23 million was incurred in the fourth quarter. |

|         |                                                                                                                                                                                                                                                                                                                                                  |
|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Pre-tax costs of $17 million incurred in 2015 principally related to the discontinuation of several licensed product lines in the Heritage Brands dress furnishings business, of which $3 million was incurred in the second quarter, $13 million was incurred in the third quarter and less than $1 million was incurred in the fourth quarter. |

|         |                                                                                                                                                                                                                                                                                                                         |
|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Pre-tax costs of $10 million incurred in 2015 related to the operation of and exit from the Izod retail business, of which $1 million was incurred in the first quarter, $6 million was incurred in the second quarter, $3 million was incurred in the third quarter and $1 million was incurred in the fourth quarter. |

----

|         |                                                                                                          |
|---------|----------------------------------------------------------------------------------------------------------|
| • | Pre-tax costs of $3 million incurred in the fourth quarter of 2015 in connection with the G-III license. |

|         |                                                                                                                                                                   |
|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Pre-tax gain of $2 million recorded in the second quarter of 2015 on the Company’s equity investment in the parent company of the Karl Lagerfeld brand. |

|         |                                                                                                                                                                                                                                                                                                                                                                                                |
|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Discrete tax benefits of $35 million recorded in 2015 primarily related to the resolution of uncertain tax positions and the impact of tax law and tax rate changes on deferred taxes, of which $2 million was recorded in the first quarter, $1 million was recorded in the second quarter, $19 million was recorded in the third quarter and $13 million was recorded in the fourth quarter. |

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

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|                                                                        |
|------------------------------------------------------------------------|
|                                                                        |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                   |   | Quarter Ended |   |   |   | Year Ended |   |   |
|                                                                   |   | 1/29/17 |   | 1/31/16 |   |   |   | 1/29/17 |   | 1/31/16 |   |   |
|                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net sales                                                              |   | $ | 2,004.9 |  |   | $ | 2,013.6 |  |   |   |   | $ | 7,791.4 |  |   | $ | 7,605.5 |  |   |   |
| Royalty revenue                                                        |   | 79.7 |  |   | 77.8 |  |   |   |   | 320.6 |  |   | 324.8 |  |   |   |
| Advertising and other revenue                                          |   | 23.1 |  |   | 21.1 |  |   |   |   | 91.1 |  |   | 90.0 |  |   |   |
| Total revenue                                                          |   | $ | 2,107.7 |  |   | $ | 2,112.5 |  |   |   |   | $ | 8,203.1 |  |   | $ | 8,020.3 |  |   |   |
|                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |
| Gross profit on net sales                                              |   | $ | 1,035.2 |  |   | $ | 974.0 |  |   |   |   | $ | 3,958.6 |  |   | $ | 3,746.8 |  |   |   |
| Gross profit on royalty, advertising and other revenue                 |   | 102.8 |  |   | 98.9 |  |   |   |   | 411.7 |  |   | 414.8 |  |   |   |
| Total gross profit                                                     |   | 1,138.0 |  |   | 1,072.9 |  |   |   |   | 4,370.3 |  |   | 4,161.6 |  |   |   |
|                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |
| Selling, general and administrative expenses                           |   | 978.8 |  |   | 898.5 |  |   |   |   | 3,636.7 |  |   | 3,417.7 |  |   |   |
|                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |
| Debt modification and extinguishment costs                             |   |  |  |   |  |   |   |   | 15.8 |  |   |  |   |   |
|                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |
| Other noncash (loss) gain, net                                         |   | (4.9 | ) |   |  |   |   |   | 71.3 |  |   |  |   |   |
|                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |
| Equity in net (loss) income of unconsolidated affiliates               |   | (0.6 | ) |   | 1.6 |  |   |   |   | 0.1 |   | 16.6 |  |   |   |
|                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |
| Earnings before interest and taxes                                     |   | 153.7 |  |   | 176.0 |  |   |   |   | 789.2 |  |   | 760.5 |  |   |   |
|                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |
| Interest expense, net                                                  |   | 28.7 |  |   | 27.8 |  |   |   |   | 115.0 |  |   | 113.0 |  |   |   |
|                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |
| Pre-tax income                                                         |   | 125.0 |  |   | 148.2 |  |   |   |   | 674.2 |  |   | 647.5 |  |   |   |
|                                                                   |   |  |  |   |   |   |   |   |   |   |   |   |   |
| Income tax expense                                                     |   | 24.5 |  |   | 14.0 |  |   |   |   | 125.5 |  |   | 75.1 |  |   |   |
|                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net income                                                             |   | 100.5 |  |   | 134.2 |   |   |   | 548.7 |  |   | 572.4 |   |   |
|                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |
| Less: Net loss attributable to redeemable non-controlling interest (1) |   | (0.2 | ) |   |  |   |   |   | (0.3 | ) |   |  |   |   |
|                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net income attributable to PVH Corp.                                   |   | $ | 100.7 |  |   | $ | 134.2 |  |   |   |   | $ | 549.0 |  |   | $ | 572.4 |  |   |   |
|                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |
| Diluted net income per common share attributable to PVH Corp. (2)      |   | $ | 1.26 |  |   | $ | 1.63 |  |   |   |   | $ | 6.79 |  |   | $ | 6.89 |  |   |   |
|                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                   |   | Quarter Ended |   |   |   | Year Ended |   |   |
|                                                                   |   | 1/29/17 |   | 1/31/16 |   |   |   | 1/29/17 |   | 1/31/16 |   |   |
|                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |
| Depreciation and amortization expense                                  |   | $ | 84.2 |  |   | $ | 70.4 |  |   |   |   | $ | 321.8 |  |   | $ | 257.4 |  |   |   |
|                                                                   |   |   |   |   |   |   |   |   |   |   |   |

|           |                                                                                                                                                                                  |
|-----------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (1)  | On June 29, 2016, the Company and Arvind Limited formed a joint venture in Ethiopia, PVH Arvind Manufacturing Private Limited Company, in which the Company owns a 75% interest. |

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

----

|                                                                  |
|------------------------------------------------------------------|
|                                                                  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                             |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                             |   | Quarter Ended |   |   |   | Year Ended |   |   |
|                                                             |   | 1/29/17 |   | 1/31/16 |   |   |   | 1/29/17 |   | 1/31/16 |   |   |
|                                                             |   |   |   |   |   |   |   |   |   |   |   |   |
| Non-GAAP Measures                                                |   |   |   |   |   |   |   |   |   |   |   |   |
| Total gross profit(1)                                            |   |  |  |   |  |  |   |   |   | $ | 4,377.6 |  |   | $ | 4,142.1 |  |   |   |
| Selling, general and administrative expenses(2)                  |   | $ | 991.8 |  |   | $ | 891.6 |  |   |   |   | 3,591.2 |  |   | 3,315.0 |  |   |   |
| Debt modification and extinguishment costs (3)                   |   |   |   |   |   |   |   | — |  |   |   |   |   |
| Other noncash (loss) gain, net (4)                               |   | — |  |   |   |   |   |   | — |  |   |   |   |   |
| Equity in net income of unconsolidated affiliates(5)             |   | 1.1 |  |   |  |  |   |   |   | 7.7 |  |   | 14.4 |  |   |   |
| Earnings before interest and taxes(6)                            |   | 147.3 |  |   | 182.9 |  |   |   |   | 794.1 |  |   | 841.5 |  |   |   |
| Income tax expense(7)                                            |   | 21.1 |  |   | 29.9 |  |   |   |   | 129.3 |  |   | 142.8 |  |   |   |
| Net income attributable to PVH Corp.(8)                          |   | 97.7 |  |   | 125.2 |  |   |   |   | 550.1 |  |   | 585.7 |  |   |   |
| Diluted net income per common share attributable to PVH Corp.(9) |   | $ | 1.23 |  |   | $ | 1.52 |  |   |   |   | $ | 6.80 |  |   | $ | 7.05 |  |   |   |
|                                                             |   |   |   |   |   |   |   |   |   |   |   |   |
| Depreciation and amortization expense(10)                        |   | $ | 70.3 |  |   | $ | 69.0 |  |   |   |   | $ | 271.5 |  |   | $ | 251.2 |  |   |   |
|                                                             |   |   |   |   |   |   |   |   |   |

----

|                                                                                                                                                                                                                                                                      |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                                                                                                      |
| (1)    Please see Table 3 for reconciliations of GAAP gross profit to gross profit on a non-GAAP basis.                                                                                                                                          |
| (2)    Please see Table 4 for reconciliations of GAAP selling, general and administrative expenses (“SG&A”) to SG&A on a non-GAAP basis.                                                                                     |
| (3)    Please see Table 5 for reconciliation of GAAP debt modification and extinguishment costs to debt modification and extinguishment costs on a non-GAAP basis.                                                                               |
| (4)    Please see Table 6 for reconciliations of GAAP other noncash (loss) gain, net to other noncash (loss) gain, net on a non-GAAP basis.                                                                                                      |
| (5)    Please see Table 7 for reconciliations of GAAP equity in net (loss) income of unconsolidated affiliates to equity in net income of unconsolidated affiliates on a non-GAAP basis.                                                         |
| (6)    Please see Table 2 for reconciliations of GAAP earnings before interest and taxes to earnings before interest and taxes on a non-GAAP basis.                                                                                              |
| (7)    Please see Table 8 for reconciliations of GAAP income tax expense to income tax expense on a non-GAAP basis and an explanation of the calculation of the tax effects associated with the pre-tax items identified as non-GAAP exclusions. |
| (8)    Please see Table 1 for reconciliations of GAAP net income to net income on a non-GAAP basis.                                                                                                                                              |
| (9)    Please see Note A in the Notes to Consolidated GAAP Income Statements for reconciliations of GAAP diluted net income per common share to diluted net income per common share on a non-GAAP basis.                                         |
| (10)    Please see Table 9 for reconciliations of GAAP depreciation and amortization expense to depreciation and amortization expense on a non-GAAP basis.                                                                                       |

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|                                                                                                                                                                                                                            |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                                                            |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Table 1 - Reconciliations of GAAP net income to net income on a non-GAAP basis                                                                                                                                             |   |   |   |   |   |   |   |   |
|                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                                                                                       |   | Quarter Ended |   |   |   | Year Ended |   |   |
|                                                                                                                                                                                                                       |   | 1/29/17 |   | 1/31/16 |   |   |   | 1/29/17 |   | 1/31/16 |   |   |
|                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| Net income attributable to PVH Corp.                                                                                                                                                                                       |   | $ | 100.7 |  |   | $ | 134.2 |  |   |   |   | $ | 549.0 |  |   | $ | 572.4 |  |   |   |
|                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| Diluted net income per common share attributable to PVH Corp.(1)                                                                                                                                                           |   | $ | 1.26 |  |   | $ | 1.63 |  |   |   |   | $ | 6.79 |  |   | $ | 6.89 |  |   |   |
|                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| Pre-tax items excluded:                                                                                                                                                                                                    |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| Gross profit charges associated with the TH China acquisition (short-lived noncash inventory valuation adjustments)                                                                                                        |   |  |   |  |   |   |   | 7.3 |  |   |  |   |   |
|                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| Gross profit associated with the operation of and exit from the Izod retail business                                                                                                                                       |   |  |   |  |   |   |   |  |  |   | (28.3 | ) |   |   |
|                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| Gross profit charges principally associated with the discontinuation of several licensed product lines in the Heritage Brands dress furnishings business                                                                   |   |  |   |  |   |   |   |  |  |   | 8.8 |  |   |   |
|                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| Actuarial gain on retirement plans (recorded in SG&A)                                                                                                                                                                  |   | (39.1 | ) |   | (20.2 | ) |   |   |   | (39.1 | ) |   | (20.2 | ) |   |   |
|                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| SG&A expenses associated with the integration of Warnaco and related restructuring                                                                                                                                     |   |  |  |   | 22.6 |  |   |   |   | 9.8 |  |   | 73.4 |  |   |   |
|                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| SG&A expenses associated with the operation of and exit from the Izod retail business                                                                                                                                  |   |  |   | 1.2 |  |   |   |   |  |  |   | 38.6 |  |   |   |
|                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| SG&A expenses associated with the discontinuation of several licensed product lines in the Heritage Brands dress furnishings business                                                                                  |   |  |   | 0.1 |  |   |   |   | 2.6 |  |   | 7.7 |  |   |   |
|                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| SG&A expenses associated with the G-III license                                                                                                                                                                        |   |  |   | 3.2 |  |   |   |   | 4.2 |  |   | 3.2 |  |   |   |
|                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| SG&A expenses associated with the new global creative strategy for CALVIN KLEIN and related restructuring                                                                                                         |   |  |   |  |   |   |   | 5.5 |  |   |  |   |   |
|                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| SG&A expenses associated with the TH China acquisition (primarily consisting of noncash amortization of short-lived assets)                                                                                            |   | 15.1 |  |   |  |   |   |   | 69.6 |  |   |  |   |   |
|                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| Gain recorded in connection with a payment made to the Company to exit a Tommy Hilfiger flagship store in Europe (recorded in SG&A)                                                                               |   |  |  |   |   |   |   |   | (18.1 | ) |   |   |   |   |
|                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| SG&A expenses associated with the TH men’s tailored license termination                                                                                                                                     |   | 11.0 |  |   |  |   |   |   | 11.0 |  |   |  |  |   |   |
|                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| Gain to write-up the Company’s equity investment in TH China to fair value (recorded in other noncash (loss) gain, net)                                                                                              |   |  |   |  |   |   |   | (153.1 | ) |   |  |   |   |
|                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| Loss recorded in connection with the Mexico deconsolidation (recorded in other noncash (loss) gain, net)                                                                                                                   |   | 4.9 |  |   |   |   |   |   | 81.8 |  |   |   |   |   |
|                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| Noncash amortization of short-lived assets recorded on the Company’s equity investment in PVH Mexico (recorded in equity in net (loss) income of unconsolidated affiliates)                                          |   | 1.7 |  |   |  |   |   |   | 1.7 |  |   |  |   |   |
|                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| One-time expenses recorded on the Company’s equity investment in TH China (recorded in equity in net income of unconsolidated affiliates)                                                                            |   |  |   |  |   |   |   | 5.9 |  |   |  |   |   |
|                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| Gain recorded on the equity investment in Karl Lagerfeld (recorded in equity in net income of unconsolidated affiliates)                                                                                                   |   |  |   |  |   |   |   |  |  |   | (2.2 | ) |   |   |
|                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| Debt modification and extinguishment costs                                                                                                                                                                                 |   |  |   |  |   |   |   | 15.8 |  |   |  |   |   |
|                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| Tax effects of the above pre-tax items(2)                                                                                                                                                                                  |   | 4.5 |  |   | (2.9 | ) |   |   |   | 10.9 |  |   | (33.2 | ) |   |   |
|                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| Discrete tax benefits related to the resolution of uncertain tax positions                                                                                                                                                 |   | (1.1 | ) |   | (1.8 | ) |   |   |   | (14.7 | ) |   | (23.3 | ) |   |   |
|                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| Discrete tax benefit related to the impact of tax law and tax rate changes on deferred taxes                                                                                                                               |   |  |   | (11.2 | ) |   |   |   |  |   | (11.2 | ) |   |   |
|                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| Net income on a non-GAAP basis attributable to PVH Corp.                                                                                                                                                                   |   | $ | 97.7 |  |   | $ | 125.2 |  |   |   |   | $ | 550.1 |  |   | $ | 585.7 |  |   |   |
|                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| Diluted net income per common share on a non-GAAP basis attributable to PVH Corp.(1)                                                                                                                                       |   | $ | 1.23 |  |   | $ | 1.52 |  |   |   |   | $ | 6.80 |  |   | $ | 7.05 |  |   |   |
|                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| (1)   Please see Note A in the Notes to the Consolidated GAAP Income Statements for reconciliations of GAAP diluted net income per common share to diluted net income per common share on a non-GAAP basis. |
| (2)   Please see Table 8 for an explanation of the calculation of the tax effects of the above items.                                                                                                       |

----

|                                                                                                                                                                                   |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Table 2 - Reconciliations of GAAP earnings before interest and taxes to earnings before interest and taxes on a non-GAAP basis                                                    |
|                                                                                                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                                              |   | Quarter Ended |   |   |   | Year Ended |   |   |
|                                                                                                                                                                              |   | 1/29/17 |   | 1/31/16 |   |   |   | 1/29/17 |   | 1/31/16 |   |   |
|                                                                                                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |
| Earnings before interest and taxes                                                                                                                                                |   | $ | 153.7 |  |   | $ | 176.0 |  |   |   |   | $ | 789.2 |  |   | $ | 760.5 |  |   |   |
|                                                                                                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |
| Items excluded:                                                                                                                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |
| Gross profit charges associated with the TH China acquisition (short-lived noncash inventory valuation adjustments)                                                               |   |  |   |  |   |   |   | 7.3 |  |   |  |   |   |
|                                                                                                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |
| Gross profit associated with the operation of and exit from the Izod retail business                                                                                              |   |  |   |  |   |   |   |  |  |   | (28.3 | ) |   |   |
|                                                                                                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |
| Gross profit charges principally associated with the discontinuation of several licensed product lines in the Heritage Brands dress furnishings business                          |   |  |   |  |   |   |   |  |  |   | 8.8 |  |   |   |
|                                                                                                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |
| Actuarial gain on retirement plans (recorded in SG&A)                                                                                                                         |   | (39.1 | ) |   | (20.2 | ) |   |   |   | (39.1 | ) |   | (20.2 | ) |   |   |
|                                                                                                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |
| SG&A expenses associated with the integration of Warnaco and related restructuring                                                                                            |   |  |   | 22.6 |  |   |   |   | 9.8 |  |   | 73.4 |  |   |   |
|                                                                                                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |
| SG&A expenses associated with the operation of and exit from the Izod retail business                                                                                         |   |  |   | 1.2 |  |   |   |   |  |   | 38.6 |  |   |   |
|                                                                                                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |
| SG&A expenses associated with the discontinuation of several licensed product lines in the Heritage Brands dress furnishings business                                         |   |  |   | 0.1 |  |   |   |   | 2.6 |  |   | 7.7 |  |   |   |
|                                                                                                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |
| SG&A expenses associated with the G-III license                                                                                                                               |   |  |   | 3.2 |  |   |   |   | 4.2 |  |   | 3.2 |  |   |   |
|                                                                                                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |
| SG&A expenses associated with the new global creative strategy for CALVIN KLEIN and related restructuring                                                                |   |  |   |  |   |   |   | 5.5 |  |   |  |   |   |
|                                                                                                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |
| SG&A expenses associated with the TH China acquisition (primarily consisting of noncash amortization of short-lived assets)                                                   |   | 15.1 |  |   |  |   |   |   | 69.6 |  |   |  |   |   |
|                                                                                                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |
| Gain recorded in connection with a payment made to the Company to exit a Tommy Hilfiger flagship store in Europe (recorded in SG&A)                                      |   |  |   |   |   |   |   | (18.1 | ) |   |   |   |   |
|                                                                                                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |
| SG&A expenses associated with the TH men’s tailored license termination                                                                                            |   | 11.0 |  |   |  |   |   |   | 11.0 |  |   |  |  |   |   |
|                                                                                                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |
| Gain to write-up the Company’s equity investment in TH China to fair value (recorded in other noncash (loss) gain, net)                                                     |   |  |   |  |   |   |   | (153.1 | ) |   |   |   |   |
|                                                                                                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |
| Loss recorded in connection with the Mexico deconsolidation (recorded in other noncash (loss) gain, net)                                                                          |   | 4.9 |  |   |   |   |   |   | 81.8 |  |   |   |   |   |
|                                                                                                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |
| Noncash amortization of short-lived assets recorded on the Company’s equity investment in PVH Mexico (recorded in equity in net (loss) income of unconsolidated affiliates) |   | 1.7 |  |   |   |   |   |   | 1.7 |  |   |   |   |   |
|                                                                                                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |
| One-time expenses recorded on the Company’s equity investment in TH China (recorded in equity in net income of unconsolidated affiliates)                                   |   |  |   |  |   |   |   | 5.9 |  |   |  |   |   |
|                                                                                                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |
| Gain recorded on the equity investment in Karl Lagerfeld (recorded in equity in net income of unconsolidated affiliates)                                                          |   |  |   |  |   |   |   |  |  |   | (2.2 | ) |   |   |
|                                                                                                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |
| Debt modification and extinguishment costs                                                                                                                                        |   |  |   |  |   |   |   | 15.8 |  |   |  |   |   |
|                                                                                                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |
| Earnings before interest and taxes on a non-GAAP basis                                                                                                                            |   | $ | 147.3 |  |   | $ | 182.9 |  |   |   |   | $ | 794.1 |  |   | $ | 841.5 |  |   |   |
|                                                                                                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |

----

|                                                                                                                                                          |
|----------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                          |  |  |  |  |  |  |  |  |  |  |  |
| Table 3 - Reconciliations of GAAP gross profit to gross profit on a non-GAAP basis                                                                       |   |   |   |   |
|                                                                                                                                                     |   |   |   |   |   |   |   |
|                                                                                                                                                     |   |   | Year Ended |   |   |
|                                                                                                                                                     |   |   | 1/29/17 |   | 1/31/16 |   |   |
|                                                                                                                                                     |   |   |   |   |   |   |   |
| Gross profit                                                                                                                                             |   |   | $ | 4,370.3 |  |   | $ | 4,161.6 |  |   |   |
|                                                                                                                                                     |   |   |   |   |   |   |   |
| Items excluded:                                                                                                                                          |   |   |   |   |   |   |   |
|                                                                                                                                                     |   |   |   |   |   |   |   |
| Gross profit charges associated with the TH China acquisition (short-lived noncash inventory valuation adjustments)                                      |   |   | 7.3 |  |   |  |   |   |
|                                                                                                                                                     |   |   |   |   |   |   |   |
| Gross profit associated with the operation of and exit from the Izod retail business                                                                     |   |   |  |   | (28.3 | ) |   |   |
|                                                                                                                                                     |   |   |   |   |   |   |   |
| Gross profit charges principally associated with the discontinuation of several licensed product lines in the Heritage Brands dress furnishings business |   |   |  |  |   | 8.8 |  |   |   |
|                                                                                                                                                     |   |   |   |   |   |   |   |
| Gross profit on a non-GAAP basis                                                                                                                         |   |   | $ | 4,377.6 |  |   | $ | 4,142.1 |  |   |   |
|                                                                                                                                                     |   |   |   |   |   |   |   |

|                                                                                                                                           |
|-------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                           |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Table 4 - Reconciliations of GAAP SG&A to SG&A on a non-GAAP basis                                                                |   |   |
|                                                                                                                                      |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                      |   | Quarter Ended |   |   |   | Year Ended |   |   |
|                                                                                                                                      |   | 1/29/17 |   | 1/31/16 |   |   |   | 1/29/17 |   | 1/31/16 |   |   |
|                                                                                                                                      |   |   |   |   |   |   |   |   |   |   |   |   |
| SG&A                                                                                                                                  |   | $ | 978.8 |  |   | $ | 898.5 |  |   |   |   | $ | 3,636.7 |  |   | $ | 3,417.7 |  |   |   |
|                                                                                                                                      |   |   |   |   |   |   |   |   |   |   |   |   |
| Items excluded:                                                                                                                           |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                      |   |   |   |   |   |   |   |   |   |   |   |   |
| Actuarial gain on retirement plans                                                                                                        |   | 39.1 |  |   | 20.2 |  |   |   |   | 39.1 |  |   | 20.2 |  |   |   |
|                                                                                                                                      |   |   |   |   |   |   |   |   |   |   |   |   |
| SG&A expenses associated with the integration of Warnaco and related restructuring                                                    |   |  |  |   | (22.6 | ) |   |   |   | (9.8 | ) |   | (73.4 | ) |   |   |
|                                                                                                                                      |   |   |   |   |   |   |   |   |   |   |   |   |
| SG&A expenses associated with the operation of and exit from the Izod retail business                                                 |   |  |  |   | (1.2 | ) |   |   |   |   |   | (38.6 | ) |   |   |
|                                                                                                                                      |   |   |   |   |   |   |   |   |   |   |   |   |
| SG&A expenses associated with the discontinuation of several licensed product lines in the Heritage Brands dress furnishings business |   |  |  |   | (0.1 | ) |   |   |   | (2.6 | ) |   | (7.7 | ) |   |   |
|                                                                                                                                      |   |   |   |   |   |   |   |   |   |   |   |   |
| SG&A expenses associated with the G-III license                                                                                       |   |  |  |   | (3.2 | ) |   |   |   | (4.2 | ) |   | (3.2 | ) |   |   |
|                                                                                                                                      |   |   |   |   |   |   |   |   |   |   |   |   |
| SG&A expenses associated with the new global creative strategy for CALVIN KLEIN and related restructuring                        |   |  |  |   |  |  |   |   |   | (5.5 | ) |   |  |   |   |
|                                                                                                                                      |   |   |   |   |   |   |   |   |   |   |   |   |
| SG&A expenses associated with the TH China acquisition (primarily consisting of noncash amortization of short-lived assets)           |   | (15.1 | ) |   |  |  |   |   |   | (69.6 | ) |   |  |   |   |
|                                                                                                                                      |   |   |   |   |   |   |   |   |   |   |   |   |
| Gain recorded in connection with a payment made to the Company to exit a Tommy Hilfiger flagship store in Europe                     |   |  |  |   |   |   |   |   | 18.1 |  |   |   |   |   |
|                                                                                                                                      |   |   |   |   |   |   |   |   |   |   |   |   |
| SG&A expenses associated with the TH men’s tailored license termination                                                    |   | (11.0 | ) |   |  |  |   |   |   | (11.0 | ) |   |  |  |   |   |
|                                                                                                                                      |   |   |   |   |   |   |   |   |   |   |   |   |
| SG&A on a non-GAAP basis                                                                                                              |   | $ | 991.8 |  |   | $ | 891.6 |  |   |   |   | $ | 3,591.2 |  |   | $ | 3,315.0 |  |   |   |
|                                                                                                                                           |   |   |   |   |   |   |   |   |   |   |   |   |

----

|                                                                                                                                               |
|-----------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                               |  |  |  |  |  |  |  |
| Table 5 - Reconciliation of GAAP debt modification and extinguishment costs to debt modification and extinguishment costs on a non-GAAP basis |
|                                                                                                                                          |   |   |   |   |   |
|                                                                                                                                          |   |   | Year Ended |   |   |
|                                                                                                                                          |   |   | 1/29/17 |   |   |
|                                                                                                                                          |   |   |   |   |   |
| Debt modification and extinguishment costs                                                                                                    |   |   | $ | 15.8 |  |   |   |
|                                                                                                                                          |   |   |   |   |   |
| Items excluded:                                                                                                                               |   |   |   |   |   |
|                                                                                                                                          |   |   |   |   |   |
| Costs incurred related to the amendment of the Company’s credit facility                                                                |   |   | (15.8 | ) |   |   |
|                                                                                                                                          |   |   |   |   |   |
| Debt modification and extinguishment costs on a non-GAAP basis                                                                                |   |   | $ | — |  |   |   |
|                                                                                                                                          |   |   |   |   |   |

|                                                                                                                        |
|------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                        |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Table 6 - Reconciliations of GAAP other noncash (loss) gain, net to other noncash (loss) gain, net on a non-GAAP basis |   |   |
|                                                                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                   |   | Quarter Ended |   |   |   | Year Ended |   |   |
|                                                                                                                   |   | 1/29/17 |   |   |   | 1/29/17 |   |   |
|                                                                                                                   |   |   |   |   |   |   |   |   |
| Other noncash (loss) gain, net                                                                                         |   | $ | (4.9 | ) |   |   |   | $ | 71.3 |   |   |   |
|                                                                                                                   |   |   |   |   |   |   |   |   |
| Items excluded:                                                                                                        |   |   |   |   |   |   |   |   |
|                                                                                                                   |   |   |   |   |   |   |   |   |
| Gain to write-up the Company’s equity investment in TH China to fair value                                       |   |   |   |   |   | (153.1 | ) |   |   |
|                                                                                                                   |   |   |   |   |   |   |   |   |
| Loss recorded in connection with the Mexico deconsolidation                                                            |   | 4.9 |   |   |   |   | 81.8 |   |   |   |
|                                                                                                                   |   |   |   |   |   |   |   |   |
| Other noncash (loss) gain, net on a non-GAAP basis                                                                     |   | $ | — |   |   |   |   | $ | — |   |   |   |
|                                                                                                                   |   |   |

----

|                                                                                                                                                                     |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                     |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Table 7 - Reconciliations of GAAP equity in net (loss) income of unconsolidated affiliates to equity in net income of unconsolidated affiliates on a non-GAAP basis |
|                                                                                                                                                                |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                                |   | Quarter Ended |   |   | Year Ended |   |   |
|                                                                                                                                                                |   | 1/29/17 |   |   |   | 1/29/17 |   | 1/31/16 |   |   |
|                                                                                                                                                                |   |   |   |   |   |   |   |   |   |   |
| Equity in net (loss) income of unconsolidated affiliates                                                                                                            |   | $ | (0.6 | ) |   |   |   | 0.1 |   | $ | 16.6 |  |   |   |
|                                                                                                                                                                |   |   |   |   |   |   |   |   |   |   |
| Items excluded:                                                                                                                                                     |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                                |   |   |   |   |   |   |   |   |   |   |
| Noncash amortization of short-lived assets recorded on the Company’s equity investment in PVH Mexico                                                          |   | 1.7 |   |   |   |   | 1.7 |  |   |   |   |   |
|                                                                                                                                                                |   |   |   |   |   |   |   |   |   |   |
| One-time expenses recorded on the Company’s equity investment in TH China                                                                                     |   |  |   |   |   | 5.9 |  |   |  |   |   |
|                                                                                                                                                                |   |   |   |   |   |   |   |   |   |   |
| Gain recorded on the equity investment in Karl Lagerfeld                                                                                                            |   |  |   |   |   |  |   | (2.2 | ) |   |   |
|                                                                                                                                                                |   |   |   |   |   |   |   |   |   |   |
| Equity in net income of unconsolidated affiliates on a non-GAAP basis                                                                                               |   | $ | 1.1 |   |   |   |   | $ | 7.7 |  |   | $ | 14.4 |  |   |   |
|                                                                                                                                                                |   |   |   |   |   |   |   |   |   |   |   |

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Table 8 - Reconciliations of GAAP income tax expense to income tax expense on a non-GAAP basis                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   | Quarter Ended |   |   |   | Year Ended |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   | 1/29/17 |   | 1/31/16 |   |   |   | 1/29/17 |   | 1/31/16 |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |
| Income tax expense                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   | $ | 24.5 |  |   | $ | 14.0 |  |   |   |   | $ | 125.5 |  |   | $ | 75.1 |  |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |
| Items excluded:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |
| Tax effects of pre-tax items identified as non-GAAP exclusions (1)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   | (4.5 | ) |   | 2.9 |  |   |   |   | (10.9 | ) |   | 33.2 |  |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |
| Discrete tax benefits related to the resolution of uncertain tax positions                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   | 1.1 |  |   | 1.8 |  |   |   |   | 14.7 |  |   | 23.3 |  |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |
| Discrete tax benefit related to the impact of tax law and tax rate changes on deferred taxes                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |   |   | 11.2 |  |   |   |   |   |   | 11.2 |  |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |
| Income tax expense on a non-GAAP basis                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   | $ | 21.1 |  |   | $ | 29.9 |  |   |   |   | $ | 129.3 |  |   | $ | 142.8 |  |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |
| (1)  The estimated tax effects associated with the Company’s non-GAAP exclusions are based on the Company’s assessment of deductibility. In making this assessment, the Company evaluated each pre-tax item that it had identified above as a non-GAAP exclusion to determine if such item is taxable or tax deductible, and if so, in what jurisdiction the tax expense or tax deduction would occur. All of the pre-tax items identified as non-GAAP exclusions were identified as either primarily taxable or tax deductible, with the tax effect taken at the statutory income tax rate of the local jurisdiction, or as non-taxable or non-deductible, in which case the Company assumed no tax effect. |

----

|                                                                                                                                      |
|--------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                      |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Table 9 - Reconciliations of GAAP depreciation and amortization expense to depreciation and amortization expense on a non-GAAP basis |   |   |
|                                                                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                 |   | Quarter Ended |   |   |   | Year Ended |   |   |
|                                                                                                                                 |   | 1/29/17 |   | 1/31/16 |   |   |   | 1/29/17 |   | 1/31/16 |   |   |
|                                                                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |
| Depreciation and amortization expense                                                                                                |   | $ | 84.2 |  |   | $ | 70.4 |  |   |   |   | $ | 321.8 |  |   | $ | 257.4 |  |   |   |
|                                                                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |
| Items excluded:                                                                                                                      |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |
| Amortization of short-lived assets associated with the TH China acquisition                                                          |   | (13.9 | ) |   |  |  |   |   |   | (46.1 | ) |   |  |   |   |
|                                                                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |
| Depreciation and amortization associated with the G-III license                                                                      |   |  |   |  |  |   |   |   | (3.8 | ) |   |  |   |   |
|                                                                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |
| Depreciation and amortization associated with the integration of Warnaco and related restructuring                                   |   |  |   | (1.4 | ) |   |   |   | (0.4 | ) |   | (6.2 | ) |   |   |
|                                                                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |
| Depreciation and amortization expense on a non-GAAP basis                                                                            |   | $ | 70.3 |  |   | $ | 69.0 |  |   |   |   | $ | 271.5 |  |   | $ | 251.2 |  |   |   |
|                                                                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |

----

|                                                               |
|---------------------------------------------------------------|
|                                                               |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                          |   | Quarter Ended |   |   |   | Quarter Ended |
|                                                          |   | 1/29/17 |   |   |   | 1/31/16 |
|                                                          |   | GAAP |   |   |   | Non-GAAP |   |   |   | GAAP |   |   |   | Non-GAAP |   |
|                                                          |   | Results |   | Adjustments | (1)  | Results |   |   |   | Results |   | Adjustments | (2)  | Results |   |
|                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net income attributable to PVH Corp.                          |   | $ | 100.7 |  |   | $ | 3.0 |  |   | $ | 97.7 |  |   |   |   | $ | 134.2 |  |   | $ | 9.0 |  |   | $ | 125.2 |  |   |
|                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Weighted average common shares                                |   | 79.1 |  |   |  |   | 79.1 |  |   |   |   | 81.8 |  |   |  |   | 81.8 |  |   |
| Weighted average dilutive securities                          |   | 0.6 |  |   |  |  |   | 0.6 |  |   |   |   | 0.6 |  |   |  |   | 0.6 |  |   |
| Total shares                                                  |   | 79.7 |  |   |   |   | 79.7 |  |   |   |   | 82.4 |  |   |   |   | 82.4 |  |   |
|                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Diluted net income per common share attributable to PVH Corp. |   | $ | 1.26 |  |   |   |   | $ | 1.23 |  |   |   |   | $ | 1.63 |  |   |   |   | $ | 1.52 |  |   |
|                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

|                                                               |
|---------------------------------------------------------------|
|                                                               |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                          |   | Year Ended |   |   |   | Year Ended |   |
|                                                          |   | 1/29/17 |   |   |   | 1/31/16 |   |
|                                                          |   | GAAP |   |   |   | Non-GAAP |   |   |   | GAAP |   |   |   | Non-GAAP |   |
|                                                          |   | Results |   | Adjustments | (1)  | Results |   |   |   | Results |   | Adjustments | (2)  | Results |   |
|                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net income attributable to PVH Corp.                          |   | $ | 549.0 |  |   | $ | (1.1 | ) |   | $ | 550.1 |  |   |   |   | $ | 572.4 |  |   | $ | (13.3 | ) |   | $ | 585.7 |  |   |
|                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Weighted average common shares                                |   | 80.2 |  |   |  |   | 80.2 |  |   |   |   | 82.4 |  |   |  |  |   | 82.4 |  |   |
| Weighted average dilutive securities                          |   | 0.7 |  |   |  |  |   | 0.7 |  |   |   |   | 0.7 |  |   |  |   | 0.7 |  |   |
| Total shares                                                  |   | 80.9 |  |   |   |   | 80.9 |  |   |   |   | 83.1 |  |   |   |   | 83.1 |  |   |
|                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Diluted net income per common share attributable to PVH Corp. |   | $ | 6.79 |  |   |   |   | $ | 6.80 |  |   |   |   | $ | 6.89 |  |   |   |   | $ | 7.05 |  |   |
|                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

|           |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
|-----------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (1)  | Represents the impact on net income in the periods ended January 29, 2017 from the elimination of (i) the recognized actuarial gain on retirement plans; (ii) the costs incurred in connection with the integration of Warnaco and the related restructuring; (iii) the costs incurred in connection with the discontinuation of several licensed product lines in the Heritage Brands dress furnishings business; (iv) the costs incurred in connection with the G-III license; (v) the costs incurred in connection with the restructuring associated with the new global creative strategy for CALVIN KLEIN; (vi) the noncash gain recorded to write-up the Company’s equity investment in TH China to fair value in connection with the TH China acquisition; (vii) the one-time costs recorded on the Company’s equity investment in TH China prior to the TH China acquisition closing; (viii) the costs incurred in connection with the TH China acquisition, primarily consisting of noncash valuation adjustments and amortization of short-lived assets; (ix) the costs incurred in connection with the amendment of the Company’s credit facility; (x) the noncash costs recorded in connection with the Mexico deconsolidation; (xi) the gain recorded in connection with a payment made to the Company to exit a Tommy Hilfiger flagship store in Europe; (xii) the costs incurred in connection with the TH men’s tailored license termination; (xiii) the tax effects associated with the foregoing pre-tax items; and (xiv) the tax benefits associated with discrete items related to the resolution of uncertain tax positions. Please see Table 1 for a reconciliation of GAAP net income to net income on a non-GAAP basis. |

----

|                                                                                 |
|---------------------------------------------------------------------------------|
|                                                                                 |  |  |  |  |  |  |  |
|                                                                            | 1/29/17 |   | 1/31/16 |
| ASSETS                                                                          |   |   |   |
| Current Assets:                                                                 |   |   |   |
| Cash and Cash Equivalents                                                       | $ | 730.1 |  |   | $ | 556.4 |  |
| Receivables                                                                     | 641.4 |  |   | 685.9 |  |
| Inventories                                                                     | 1,317.9 |  |   | 1,322.3 |  |
| Other Current Assets                                                            | 190.2 |  |   | 225.2 |  |
| Assets Held For Sale                                                            | — |  |   | 14.7 |  |
| Total Current Assets                                                            | 2,879.6 |  |   | 2,804.5 |  |
| Property, Plant and Equipment                                                   | 759.9 |  |   | 744.6 |  |
| Goodwill and Other Intangible Assets                                            | 7,079.9 |  |   | 6,865.7 |  |
| Other Assets                                                                    | 348.5 |  |   | 259.0 |  |
|                                                                            | $ | 11,067.9 |  |   | $ | 10,673.8 |  |
|                                                                            |   |   |   |
| LIABILITIES, REDEEMABLE NON-CONTROLLING INTEREST AND STOCKHOLDERS’ EQUITY |
| Accounts Payable and Accrued Expenses                                           | $ | 1,545.7 |  |   | $ | 1,364.7 |  |
| Short-Term Borrowings                                                           | 19.1 |  |   | 25.9 |  |
| Current Portion of Long-Term Debt                                               | — |  |   | 136.6 |  |
| Other Liabilities                                                               | 1,499.3 |  |   | 1,562.6 |  |
| Long-Term Debt                                                                  | 3,197.3 |  |   | 3,031.7 |  |
| Redeemable Non-Controlling Interest                                             | 2.0 |  |   | — |  |
| Stockholders’ Equity                                                      | 4,804.5 |  |   | 4,552.3 |  |
|                                                                            | $ | 11,067.9 |  |   | $ | 10,673.8 |  |

----

|                               |
|-------------------------------|
|                               |  |  |  |  |  |  |  |  |  |  |  |
| PVH CORP.                     |   |   |   |   |   |   |   |
| Segment Data                  |   |   |   |   |   |   |   |
| (In millions)                 |   |   |   |   |   |   |   |
|                          |   |   |   |   |   |   |   |
| REVENUE BY SEGMENT            |   |   |   |   |   |   |   |
|                          |   | Quarter Ended |   |   |   | Quarter Ended |   |
|                          |   | 1/29/17 |   |   |   | 1/31/16 |   |
|                          |   |   |   |   |   |   |   |
| Calvin Klein North America    |   |   |   |   |   |   |   |
| Net sales                     |   | $ | 368.5 |  |   |   |   | $ | 420.0 |  |   |
| Royalty revenue               |   | 30.3 |  |   |   |   | 30.6 |  |   |
| Advertising and other revenue |   | 10.6 |  |   |   |   | 9.3 |  |   |
| Total                         |   | 409.4 |  |   |   |   | 459.9 |  |   |
|                          |   |   |   |   |   |   |   |
| Calvin Klein International    |   |   |   |   |   |   |   |
| Net sales                     |   | 359.7 |  |   |   |   | 318.2 |  |   |
| Royalty revenue               |   | 18.7 |  |   |   |   | 21.2 |  |   |
| Advertising and other revenue |   | 7.1 |  |   |   |   | 6.7 |  |   |
| Total                         |   | 385.5 |  |   |   |   | 346.1 |  |   |
|                          |   |   |   |   |   |   |   |
| Total Calvin Klein            |   |   |   |   |   |   |   |
| Net sales                     |   | 728.2 |  |   |   |   | 738.2 |  |   |
| Royalty revenue               |   | 49.0 |  |   |   |   | 51.8 |  |   |
| Advertising and other revenue |   | 17.7 |  |   |   |   | 16.0 |  |   |
| Total                         |   | 794.9 |  |   |   |   | 806.0 |  |   |
|                          |   |   |   |   |   |   |   |
| Tommy Hilfiger North America  |   |   |   |   |   |   |   |
| Net sales                     |   | 401.7 |  |   |   |   | 424.8 |  |   |
| Royalty revenue               |   | 13.9 |  |   |   |   | 9.5 |  |   |
| Advertising and other revenue |   | 3.5 |  |   |   |   | 3.3 |  |   |
| Total                         |   | 419.1 |  |   |   |   | 437.6 |  |   |
|                          |   |   |   |   |   |   |   |
| Tommy Hilfiger International  |   |   |   |   |   |   |   |
| Net sales                     |   | 500.4 |  |   |   |   | 454.1 |  |   |
| Royalty revenue               |   | 11.2 |  |   |   |   | 11.3 |  |   |
| Advertising and other revenue |   | 0.9 |  |   |   |   | 1.1 |  |   |
| Total                         |   | 512.5 |  |   |   |   | 466.5 |  |   |
|                          |   |   |   |   |   |   |   |
| Total Tommy Hilfiger          |   |   |   |   |   |   |   |
| Net sales                     |   | 902.1 |  |   |   |   | 878.9 |  |   |
| Royalty revenue               |   | 25.1 |  |   |   |   | 20.8 |  |   |
| Advertising and other revenue |   | 4.4 |  |   |   |   | 4.4 |  |   |
| Total                         |   | 931.6 |  |   |   |   | 904.1 |  |   |
|                          |   |   |   |   |   |   |   |
| Heritage Brands Wholesale     |   |   |   |   |   |   |   |
| Net sales                     |   | 307.5 |  |   |   |   | 328.1 |  |   |
| Royalty revenue               |   | 5.0 |  |   |   |   | 4.7 |  |   |
| Advertising and other revenue |   | 1.0 |  |   |   |   | 0.7 |  |   |
| Total                         |   | 313.5 |  |   |   |   | 333.5 |  |   |
|                          |   |   |   |   |   |   |   |
| Heritage Brands Retail        |   |   |   |   |   |   |   |
| Net sales                     |   | 67.1 |  |   |   |   | 68.4 |  |   |
| Royalty revenue               |   | 0.6 |  |   |   |   | 0.5 |  |   |
| Advertising and other revenue |   | 0.0 |  |   |   |   | 0.0 |  |   |
| Total                         |   | 67.7 |  |   |   |   | 68.9 |  |   |
|                          |   |   |   |   |   |   |   |
| Total Heritage Brands         |   |   |   |   |   |   |   |
| Net sales                     |   | 374.6 |  |   |   |   | 396.5 |  |   |
| Royalty revenue               |   | 5.6 |  |   |   |   | 5.2 |  |   |
| Advertising and other revenue |   | 1.0 |  |   |   |   | 0.7 |  |   |
| Total                         |   | 381.2 |  |   |   |   | 402.4 |  |   |
|                          |   |   |   |   |   |   |   |
| Total Revenue                 |   |   |   |   |   |   |   |
| Net sales                     |   | 2,004.9 |  |   |   |   | 2,013.6 |  |   |
| Royalty revenue               |   | 79.7 |  |   |   |   | 77.8 |  |   |
| Advertising and other revenue |   | 23.1 |  |   |   |   | 21.1 |  |   |
| Total                         |   | $ | 2,107.7 |  |   |   |   | $ | 2,112.5 |  |   |
|                          |   |   |   |   |   |   |   |

----

|                                               |
|-----------------------------------------------|
|                                               |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| PVH CORP.                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Segment Data (continued)                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| (In millions)                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| EARNINGS BEFORE INTEREST AND TAXES BY SEGMENT |   |   |   |   |
|                                          |   |   |   |   |   |   |   |
|                                          |   | Quarter Ended |   |   |   | Quarter Ended |   |
|                                          |   | 1/29/17 |   |   |   | 1/31/16 |   |
|                                          |   | Results |   |   |   |   |   |   |   | Results |   |   |   |   |   |
|                                          |   | Under |   |   |   | Non-GAAP |   |   |   | Under |   |   |   | Non-GAAP |   |
|                                          |   | GAAP |   | Adjustments(1) |   | Results |   |   |   | GAAP |   | Adjustments(2) |   | Results |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Calvin Klein North America                    |   | $ | 31.3 |  |   | $ | (6.6 | ) |   | $ | 37.9 |  |   |   |   | $ | 59.7 |  |   | $ | (2.7 | ) |   | $ | 62.4 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Calvin Klein International                    |   | 37.3 |  |   |  |  |   | 37.3 |  |   |   |   | 41.1 |  |   | (5.3 | ) |   | 46.4 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total Calvin Klein                            |   | 68.6 |  |   | (6.6 | ) |   | 75.2 |  |   |   |   | 100.8 |  |   | (8.0 | ) |   | 108.8 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Tommy Hilfiger North America                  |   | 25.4 |  |   | (11.0 | ) |   | 36.4 |  |   |   |   | 27.7 |  |   | (3.2 | ) |   | 30.9 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Tommy Hilfiger International                  |   | 40.5 |  |   | (15.1 | ) |   | 55.6 |  |   |   |   | 55.4 |  |   |  |  |   | 55.4 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total Tommy Hilfiger                          |   | 65.9 |  |   | (26.1 | ) |   | 92.0 |  |   |   |   | 83.1 |  |   | (3.2 | ) |   | 86.3 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Heritage Brands Wholesale                     |   | 12.8 |  |   |  |  |   | 12.8 |  |   |   |   | 17.5 |  |   | (1.1 | ) |   | 18.6 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Heritage Brands Retail                        |   | 0.6 |  |   |  |  |   | 0.6 |  |   |   |   | (1.1 | ) |   | (1.2 | ) |   | 0.1 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total Heritage Brands                         |   | 13.4 |  |   |  |  |   | 13.4 |  |   |   |   | 16.4 |  |   | (2.3 | ) |   | 18.7 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Corporate                                     |   | 5.8 |  |   | 39.1 |  |   | (33.3 | ) |   |   |   | (24.3 | ) |   | 6.6 |  |   | (30.9 | ) |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total earnings before interest and taxes      |   | $ | 153.7 |  |   | $ | 6.4 |  |   | $ | 147.3 |  |   |   |   | $ | 176.0 |  |   | $ | (6.9 | ) |   | $ | 182.9 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

|           |                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|-----------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (1)  | Adjustments for the quarter ended January 29, 2017 represent the elimination of (i) the recognized actuarial gain on retirement plans; (ii) the costs incurred in connection with the TH China acquisition, principally consisting of noncash amortization of short-lived assets; (iii) the noncash costs recorded in connection with the Mexico deconsolidation; and (iv) the costs incurred in connection with the TH men’s tailored license termination. |

|           |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|-----------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (2)  | Adjustments for the quarter ended January 31, 2016 represent the elimination of (i) the recognized actuarial gain on retirement plans; (ii) the costs incurred in connection with the integration of Warnaco and the related restructuring; (iii) the costs incurred principally in connection with the discontinuation of several licensed product lines in the Heritage Brands dress furnishings business; (iv) the costs incurred in connection with the G-III license; and (v) the costs incurred in connection with the operation of and exit from the Izod retail business. |

----

|                               |
|-------------------------------|
|                               |  |  |  |  |  |  |  |  |  |  |  |
| PVH CORP.                     |   |   |   |   |   |   |   |
| Segment Data (continued)      |   |   |   |   |   |   |   |
| (In millions)                 |   |   |   |   |   |   |   |
|                          |   |   |   |   |   |   |   |
| REVENUE BY SEGMENT            |   |   |   |   |   |   |   |
|                          |   | Year Ended |   |   |   | Year Ended |   |
|                          |   | 1/29/17 |   |   |   | 1/31/16 |   |
| Calvin Klein North America    |   |   |   |   |   |   |   |
| Net sales                     |   | $ | 1,513.0 |  |   |   |   | $ | 1,457.0 |  |   |
| Royalty revenue               |   | 131.7 |  |   |   |   | 133.7 |  |   |
| Advertising and other revenue |   | 45.2 |  |   |   |   | 44.0 |  |   |
| Total                         |   | 1,689.9 |  |   |   |   | 1,634.7 |  |   |
|                          |   |   |   |   |   |   |   |
| Calvin Klein International    |   |   |   |   |   |   |   |
| Net sales                     |   | 1,346.2 |  |   |   |   | 1,183.4 |  |   |
| Royalty revenue               |   | 72.9 |  |   |   |   | 78.2 |  |   |
| Advertising and other revenue |   | 26.2 |  |   |   |   | 26.3 |  |   |
| Total                         |   | 1,445.3 |  |   |   |   | 1,287.9 |  |   |
|                          |   |   |   |   |   |   |   |
| Total Calvin Klein            |   |   |   |   |   |   |   |
| Net sales                     |   | 2,859.2 |  |   |   |   | 2,640.4 |  |   |
| Royalty revenue               |   | 204.6 |  |   |   |   | 211.9 |  |   |
| Advertising and other revenue |   | 71.4 |  |   |   |   | 70.3 |  |   |
| Total                         |   | 3,135.2 |  |   |   |   | 2,922.6 |  |   |
|                          |   |   |   |   |   |   |   |
| Tommy Hilfiger North America  |   |   |   |   |   |   |   |
| Net sales                     |   | 1,502.4 |  |   |   |   | 1,567.6 |  |   |
| Royalty revenue               |   | 48.9 |  |   |   |   | 42.4 |  |   |
| Advertising and other revenue |   | 12.0 |  |   |   |   | 12.7 |  |   |
| Total                         |   | 1,563.3 |  |   |   |   | 1,622.7 |  |   |
|                          |   |   |   |   |   |   |   |
| Tommy Hilfiger International  |   |   |   |   |   |   |   |
| Net sales                     |   | 1,899.4 |  |   |   |   | 1,693.6 |  |   |
| Royalty revenue               |   | 44.5 |  |   |   |   | 49.3 |  |   |
| Advertising and other revenue |   | 3.6 |  |   |   |   | 3.9 |  |   |
| Total                         |   | 1,947.5 |  |   |   |   | 1,746.8 |  |   |
|                          |   |   |   |   |   |   |   |
| Total Tommy Hilfiger          |   |   |   |   |   |   |   |
| Net sales                     |   | 3,401.8 |  |   |   |   | 3,261.2 |  |   |
| Royalty revenue               |   | 93.4 |  |   |   |   | 91.7 |  |   |
| Advertising and other revenue |   | 15.6 |  |   |   |   | 16.6 |  |   |
| Total                         |   | 3,510.8 |  |   |   |   | 3,369.5 |  |   |
|                          |   |   |   |   |   |   |   |
| Heritage Brands Wholesale     |   |   |   |   |   |   |   |
| Net sales                     |   | 1,271.6 |  |   |   |   | 1,387.6 |  |   |
| Royalty revenue               |   | 20.3 |  |   |   |   | 19.0 |  |   |
| Advertising and other revenue |   | 3.9 |  |   |   |   | 2.9 |  |   |
| Total                         |   | 1,295.8 |  |   |   |   | 1,409.5 |  |   |
|                          |   |   |   |   |   |   |   |
| Heritage Brands Retail        |   |   |   |   |   |   |   |
| Net sales                     |   | 258.8 |  |   |   |   | 316.3 |  |   |
| Royalty revenue               |   | 2.3 |  |   |   |   | 2.2 |  |   |
| Advertising and other revenue |   | 0.2 |  |   |   |   | 0.2 |  |   |
| Total                         |   | 261.3 |  |   |   |   | 318.7 |  |   |
|                          |   |   |   |   |   |   |   |
| Total Heritage Brands         |   |   |   |   |   |   |   |
| Net sales                     |   | 1,530.4 |  |   |   |   | 1,703.9 |  |   |
| Royalty revenue               |   | 22.6 |  |   |   |   | 21.2 |  |   |
| Advertising and other revenue |   | 4.1 |  |   |   |   | 3.1 |  |   |
| Total                         |   | 1,557.1 |  |   |   |   | 1,728.2 |  |   |
|                          |   |   |   |   |   |   |   |
| Total Revenue                 |   |   |   |   |   |   |   |
| Net sales                     |   | 7,791.4 |  |   |   |   | 7,605.5 |  |   |
| Royalty revenue               |   | 320.6 |  |   |   |   | 324.8 |  |   |
| Advertising and other revenue |   | 91.1 |  |   |   |   | 90.0 |  |   |
| Total                         |   | $ | 8,203.1 |  |   |   |   | $ | 8,020.3 |  |   |
|                          |   |   |   |   |   |   |   |

----

|                                               |
|-----------------------------------------------|
|                                               |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| PVH CORP.                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Segment Data (continued)                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| (In millions)                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| EARNINGS BEFORE INTEREST AND TAXES BY SEGMENT |   |   |   |   |
|                                          |   |   |   |   |   |   |   |
|                                          |   | Year Ended |   |   |   | Year Ended |   |
|                                          |   | 1/29/17 |   |   |   | 1/31/16 |   |
|                                          |   | Results |   |   |   |   |   |   |   | Results |   |   |   |   |   |
|                                          |   | Under |   |   |   | Non-GAAP |   |   |   | Under |   |   |   | Non-GAAP |   |
|                                          |   | GAAP |   | Adjustments(1) |   | Results |   |   |   | GAAP |   | Adjustments(2) |   | Results |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Calvin Klein North America                    |   | $ | 123.9 |  |   | $ | (86.4 | ) |   | $ | 210.3 |  |   |   |   | $ | 226.4 |  |   | $ | (8.3 | ) |   | $ | 234.7 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Calvin Klein International                    |   | 209.6 |  |   | (5.4 | ) |   | 215.0 |  |   |   |   | 186.6 |  |   | (12.9 | ) |   | 199.5 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total Calvin Klein                            |   | 333.5 |  |   | (91.8 | ) |   | 425.3 |  |   |   |   | 413.0 |  |   | (21.2 | ) |   | 434.2 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Tommy Hilfiger North America                  |   | 135.8 |  |   | (15.2 | ) |   | 151.0 |  |   |   |   | 173.9 |  |   | (3.2 | ) |   | 177.1 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Tommy Hilfiger International                  |   | 328.3 |  |   | 88.4 |  |   | 239.9 |  |   |   |   | 224.7 |  |   |  |  |   | 224.7 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total Tommy Hilfiger                          |   | 464.1 |  |   | 73.2 |  |   | 390.9 |  |   |   |   | 398.6 |  |   | (3.2 | ) |   | 401.8 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Heritage Brands Wholesale                     |   | 90.2 |  |   | (3.0 | ) |   | 93.2 |  |   |   |   | 90.4 |  |   | (24.6 | ) |   | 115.0 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Heritage Brands Retail                        |   | 8.8 |  |   |  |  |   | 8.8 |  |   |   |   | (3.4 | ) |   | (10.3 | ) |   | 6.9 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total Heritage Brands                         |   | 99.0 |  |   | (3.0 | ) |   | 102.0 |  |   |   |   | 87.0 |  |   | (34.9 | ) |   | 121.9 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Corporate                                     |   | (107.4 | ) |   | 16.7 |  |   | (124.1 | ) |   |   |   | (138.1 | ) |   | (21.7 | ) |   | (116.4 | ) |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total earnings before interest and taxes      |   | $ | 789.2 |  |   | $ | (4.9 | ) |   | $ | 794.1 |  |   |   |   | $ | 760.5 |  |   | $ | (81.0 | ) |   | $ | 841.5 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

|           |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
|-----------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (1)  | Adjustments for the year ended January 29, 2017 represent the elimination of (i) the recognized actuarial gain on retirement plans; (ii) the costs incurred in connection with the integration of Warnaco and the related restructuring; (iii) the costs incurred in connection with the discontinuation of several licensed product lines in the Heritage Brands dress furnishings business; (iv) the costs incurred in connection with the G-III license; (v) the costs incurred in connection with the restructuring associated with the new global creative strategy for CALVIN KLEIN; (vi) the noncash gain recorded to write-up the Company’s equity investment in TH China to fair value in connection with the TH China acquisition; (vii) the one-time costs recorded on the Company’s equity investment in TH China prior to the TH China acquisition closing; (viii) the costs incurred in connection with the TH China acquisition, primarily consisting of noncash valuation adjustments and amortization of short-lived assets; (ix) the costs incurred in connection with the amendment of the Company’s credit facility; (x) the noncash costs recorded in connection with the Mexico deconsolidation; (xi) the gain recorded in connection with a payment made to the Company to exit a Tommy Hilfiger flagship store in Europe; and (xii) the costs incurred in connection with the TH men’s tailored license termination. |

|           |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
|-----------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (2)  | Adjustments for year ended January 31, 2016 represent the elimination of (i) the recognized actuarial gain on retirement plans; (ii) the costs incurred in connection with the integration of Warnaco and the related restructuring; (iii) the costs incurred principally in connection with the discontinuation of several licensed product lines in the Heritage Brands dress furnishings business; (iv) the costs incurred in connection with the G-III license; (v) the gain recorded on the equity investment in Karl Lagerfeld; and (vi) the costs incurred in connection with the operation of and exit from the Izod retail business. |

----

|                              |
|------------------------------|
|                              |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                         |   | GAAP Revenue |   | % Change |
|                         |   | Quarter Ended |   | GAAP |   | Impact of Foreign Exchange |   | Constant Currency |
|                         |   | 1/29/17 |   | 1/31/16 |   |   |   |
|                         |   |   |   |   |   |   |   |   |   |   |
| Calvin Klein North America   |   | $ | 409.4 |  |   | $ | 459.9 |  |   | (11.0 | )% |   | (0.3 | )% |   | (10.7 | )% |
| Calvin Klein International   |   | 385.5 |  |   | 346.1 |  |   | 11.4 |  % |   | (3.0 | )% |   | 14.4 |  % |
| Total Calvin Klein           |   | 794.9 |  |   | 806.0 |  |   | (1.4 | )% |   | (1.5 | )% |   | 0.1 |  % |
|                         |   |   |   |   |   |   |   |   |   |   |
| Tommy Hilfiger North America |   | $ | 419.1 |  |   | $ | 437.6 |  |   | (4.2 | )% |   | 0.2 |  % |   | (4.4 | )% |
| Tommy Hilfiger International |   | 512.5 |  |   | 466.5 |  |   | 9.9 |  % |   | (4.1 | )% |   | 14.0 |  % |
| Total Tommy Hilfiger         |   | 931.6 |  |   | 904.1 |  |   | 3.0 |  % |   | (2.0 | )% |   | 5.0 |  % |
|                         |   |   |   |   |   |   |   |   |   |   |
| Total Revenue                |   | $ | 2,107.7 |  |   | $ | 2,112.5 |  |   | (0.2 | )% |   | (1.4 | )% |   | 1.2 |  % |

|                      |
|----------------------|
|                      |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                 |   | GAAP Revenue |   | % Change |
|                 |   | Year Ended |   | GAAP |   | Impact of Foreign Exchange |   | Constant Currency |
|                 |   | 1/29/17 |   | 1/31/16 |   |   |   |
|                 |   |   |   |   |   |   |   |   |   |   |
| Total Calvin Klein   |   | $ | 3,135.2 |  |   | $ | 2,922.6 |  |   | 7.3 | % |   | (1.8 | )% |   | 9.1 | % |
|                 |   |   |   |   |   |   |   |   |   |   |
| Total Tommy Hilfiger |   | $ | 3,510.8 |  |   | $ | 3,369.5 |  |   | 4.2 | % |   | (1.2 | )% |   | 5.4 | % |
|                 |   |   |   |   |   |   |   |   |   |   |
| Total Revenue        |   | $ | 8,203.1 |  |   | $ | 8,020.3 |  |   | 2.3 | % |   | (1.2 | )% |   | 3.5 | % |

----

|                                                                              |
|------------------------------------------------------------------------------|
|                                                                              |  |  |  |
| 2017 Net Income Per Common Share Reconciliations                             |  | Current Guidance |
|                                                                              | Full Year2017(Estimated) | First Quarter2017(Estimated) |
|                                                                              |  |  |  |
| GAAP net income per common share attributable to PVH Corp.                   |  | $6.20 - $6.30 | $0.73 - $0.75 |
| Estimated per common share impact of items identified as non-GAAP exclusions |  | $(1.10) | $(0.85) |
| Net income per common share attributable to PVH Corp. on a non-GAAP basis    |  | $7.30 - $7.40 | $1.58 - $1.60 |

|                                                                  |
|------------------------------------------------------------------|
|                                                                  |  |  |  |  |
| 2017 Tax Rate Reconciliation                                     |   | Full Year 2017 (Estimated) |   | First Quarter 2017 (Estimated) |
|                                                             |   |   |   |   |
| GAAP tax rate                                                    |   | 17% |   | 24% |
| Estimated tax effects of items identified as non-GAAP exclusions |   | (1)% |   | 4% |
| Tax rate on a non-GAAP basis                                     |   | 18% |   | 20% |

----

|                                                                    |
|--------------------------------------------------------------------|
|                                                                    |  |  |  |  |  |  |  |  |
| 2017 Estimated Revenue on a Constant Currency Basis Reconciliation |   | Full Year 2017 (Estimated) (Consolidated) | Full Year 2017 (Estimated) (Calvin Klein) | Full Year 2017 (Estimated) (Tommy Hilfiger) |   | First Quarter 2017 (Estimated) (Consolidated) | First Quarter 2017 (Estimated) (Calvin Klein) | First Quarter 2017 (Estimated) (Tommy Hilfiger) |
|                                                               |   |   |   |   |   |   |   |   |
| GAAP revenue increase                                              |   | 2% | 5% | 1% |   | 2% | 3% | 4% |
| Impact of foreign exchange                                         |   | (2)% | (2)% | (3)% |   | (2)% | (2)% | (4)% |
| Non-GAAP revenue increase on a constant currency basis             |   | 4% | 7% | 4% |   | 4% | 5% | 8% |

|                                     |
|-------------------------------------|
|                                     |  |  |  |  |  |  |  |  |  |  |  |  |
|                                |   | First Quarter 2016 |
|                                | (Actual) |
|                                | Results Under GAAP |   | Adjustments | (1)  | Non-GAAP Results |
|                                |   |   |   |   |   |   |
| Net income                          |   | $ | 231.6 |  |   | $ | 108.8 |  |   | $ | 122.8 |  |
| Total weighted average shares       |   | 81.9 |  |   |   |   | 81.9 |  |
|                                |   |   |   |   |   |   |
| Diluted net income per common share |   | $ | 2.83 |  |   |   |   | $ | 1.50 |  |