|         |                                                                                                                        |
|---------|------------------------------------------------------------------------------------------------------------------------|
| • | FOURTH QUARTER REVENUE AND EPS ON A NON-GAAP BASIS OF $2.1 BILLION AND $1.52, RESPECTIVELY, EXCEEDED PREVIOUS GUIDANCE |

|         |                                                                                                                                                                   |
|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | 2015 FULL YEAR EPS ON A NON-GAAP BASIS WAS $7.05 AND INCLUDED A NEGATIVE IMPACT OF $1.38 PRIMARILY RELATED TO FOREIGN CURRENCY EXCHANGE RATES; GAAP EPS WAS $6.89 |

|         |                                                                                   |
|---------|-----------------------------------------------------------------------------------|
| • | COMPANY REPAID $350 MILLION OF DEBT AND REPURCHASED $126 MILLION OF STOCK IN 2015 |

|         |                                                                                                                                                                                                                |
|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | COMPANY PROVIDES GUIDANCE FOR 2016 FULL YEAR EPS ON A NON-GAAP BASIS OF $6.30 TO $6.50, WHICH REFLECTS AN EXPECTED NEGATIVE IMPACT OF APPROXIMATELY $1.60 PER SHARE RELATED TO FOREIGN CURRENCY EXCHANGE RATES |

----

|         |                                                                                                                                                                                                                                                                                                                                                                                  |
|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Earnings per share was $1.52 on a non-GAAP basis, inclusive of a $0.36 negative impact compared to the prior year primarily related to foreign currency exchange rates. Earnings per share on a non-GAAP basis excluding such negative impact was $1.88, or an increase of 7% compared to the prior year’s fourth quarter earnings per share of $1.76 on a non-GAAP basis. |

|         |                                                                                                           |
|---------|-----------------------------------------------------------------------------------------------------------|
| • | Earnings per share was $1.63 on a GAAP basis compared to $0.62 for the prior year’s fourth quarter. |

|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Revenue increased 7% on a constant currency basis (increased 2% on a GAAP basis to $2.11 billion) compared to the prior year’s fourth quarter revenue of $2.07 billion. As compared to the prior year’s fourth quarter, revenue increased 21% in the Calvin Klein business on a constant currency basis (increased 15% on a GAAP basis); increased 5% in the Tommy Hilfiger business on a constant currency basis (decreased 2% on a GAAP basis); and decreased 10% in the Heritage Brands business on a GAAP basis, driven primarily by the exit from the Izod retail business. |

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|         |                                                                                                                                                                                                                                                                                                                                                                                                                            |
|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | A 9% increase on a constant currency basis (2% increase on a GAAP basis) in the Calvin Klein business compared to the prior year, driven by strong momentum globally. Retail comparable store sales increased 2% in North America and increased 5% internationally. The increase in international retail comparable store sales was due in large part to growth in most European markets, as well as an increase in China. |

|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | A 4% increase on a constant currency basis (6% decrease on a GAAP basis) in the Tommy Hilfiger business compared to the prior year. Tommy Hilfiger North America revenue increased 1% on a constant currency basis (decreased 1% on a GAAP basis) primarily due to mid-single digit percentage wholesale growth on a constant currency basis, partially offset by a 5% decrease in retail comparable store sales primarily as a result of the decline in traffic and consumer spending trends in Tommy Hilfiger’s U.S. |

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|         |                                                                                                                                                                                                                                                                                                                                                       |
|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | A 4% decrease in the Heritage Brands business compared to the prior year, as a 10% comparable store sales increase in the Van Heusen retail business was more than offset by the revenue decrease attributable to the exit from the Izod retail business and the discontinuation of several licensed product lines in the dress furnishings business. |

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|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Pre-tax costs of approximately $25 million expected to be incurred in 2016, of which approximately $8 million is expected to be incurred in the first quarter, in connection with the Warnaco integration and related restructuring, the discontinuation of several licensed product lines in the Heritage Brands dress furnishings business and licensing to G-III the Tommy Hilfiger womenswear wholesale business in the U.S. and Canada, which will result in the discontinuation of the Company’s directly operated Tommy Hilfiger North America womenswear wholesale business in the fourth quarter of 2016. |

|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Pre-tax gains or losses associated with certain valuation adjustments expected to be recorded in connection with the Company’s acquisition of the remaining 55% interest that is does not already own in TH Asia, its joint venture for Tommy Hilfiger in China. Such adjustments are expected to include a noncash gain to write-up our equity investment in the joint venture to fair value immediately preceding the acquisition closing. |

|         |                                                                                                                                                                                                                                                                                                                                      |
|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | 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 licensing to G-III the Tommy Hilfiger womenswear wholesale business in the U.S. and Canada. |

----

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

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

|         |                                                                                                                                                                                                                                                                                                                                                                                                                 |
|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Discrete tax benefits of $35 million recorded in 2015 primarily related to the resolution of uncertain tax positions and the impact of recently enacted 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. |

|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Pre-tax costs of $138 million incurred in 2014 in connection with (i) the integration of Warnaco and the related restructuring, including a pre-tax gain resulting from the deconsolidation of certain Calvin Klein subsidiaries in Australia and New Zealand, which were transferred to the Company’s joint venture operating there, and the previously consolidated Calvin Klein joint venture in India, which the Company effectively no longer controls; (ii) the sale of the G.H. Bass & Co. business, which closed in the fourth quarter of 2013 (as certain costs related to the sale were incurred in 2014); (iii) the impairment of certain Tommy Hilfiger stores in North America in the second quarter of 2014; and (iv) costs incurred in connection with the exit from a discontinued product line in the Tommy Hilfiger Japan business. Of the total costs, $26 million was incurred in the first quarter, $46 million was incurred in the second quarter, $29 million was incurred in the third quarter and $37 million was incurred in the fourth quarter. |

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

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

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

----

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

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

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|                                                                    |
|--------------------------------------------------------------------|
|                                                                    |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                               |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                               |   | Quarter Ended |   |   |   | Year Ended |   |   |
|                                                               |   | 1/31/16 |   | 2/1/15 |   |   |   | 1/31/16 |   | 2/1/15 |   |   |
|                                                               |   |   |   |   |   |   |   |   |   |   |   |   |
| Net sales                                                          |   | $ | 2,013.6 |  |   | $ | 1,973.1 |  |   |   |   | $ | 7,605.5 |  |   | $ | 7,849.1 |  |   |   |
| Royalty revenue                                                    |   | 77.8 |  |   | 76.5 |  |   |   |   | 324.8 |  |   | 300.5 |  |   |   |
| Advertising and other revenue                                      |   | 21.1 |  |   | 19.2 |  |   |   |   | 90.0 |  |   | 91.6 |  |   |   |
| Total revenue                                                      |   | $ | 2,112.5 |  |   | $ | 2,068.8 |  |   |   |   | $ | 8,020.3 |  |   | $ | 8,241.2 |  |   |   |
|                                                               |   |   |   |   |   |   |   |   |   |   |   |   |
| Gross profit on net sales                                          |   | $ | 974.0 |  |   | $ | 975.6 |  |   |   |   | $ | 3,746.8 |  |   | $ | 3,934.6 |  |   |   |
| Gross profit on royalty, advertising and other revenue             |   | 98.9 |  |   | 95.7 |  |   |   |   | 414.8 |  |   | 392.1 |  |   |   |
| Total gross profit                                                 |   | 1,072.9 |  |   | 1,071.3 |  |   |   |   | 4,161.6 |  |   | 4,326.7 |  |   |   |
|                                                               |   |   |   |   |   |   |   |   |   |   |   |   |
| Selling, general and administrative expenses                       |   | 898.5 |  |   | 1,065.8 |  |   |   |   | 3,417.7 |  |   | 3,713.6 |  |   |   |
|                                                               |   |   |   |   |   |   |   |   |   |   |   |   |
| Debt modification and extinguishment costs                         |   |  |  |   |  |   |   |   |  |   | 93.1 |  |   |   |
|                                                               |   |   |   |   |   |   |   |   |   |   |   |   |
| Equity in net income of unconsolidated affiliates                  |   | 1.6 |  |   | 0.7 |  |   |   |   | 16.6 |  |   | 9.9 |  |   |   |
|                                                               |   |   |   |   |   |   |   |   |   |   |   |   |
| Earnings before interest and taxes                                 |   | 176.0 |  |   | 6.2 |  |   |   |   | 760.5 |  |   | 529.9 |  |   |   |
|                                                               |   |   |   |   |   |   |   |   |   |   |   |   |
| Interest expense, net                                              |   | 27.8 |  |   | 32.0 |  |   |   |   | 113.0 |  |   | 138.5 |  |   |   |
|                                                               |   |   |   |   |   |   |   |   |   |   |   |   |
| Pre-tax income (loss)                                              |   | 148.2 |  |   | (25.8 | ) |   |   |   | 647.5 |  |   | 391.4 |  |   |   |
|                                                               |   |  |  |   |   |   |   |   |   |   |   |   |   |
| Income tax expense (benefit)                                       |   | 14.0 |  |   | (77.3 | ) |   |   |   | 75.1 |  |   | (47.5 | ) |   |   |
|                                                               |   |   |   |   |   |   |   |   |   |   |   |   |
| Net income                                                         |   | 134.2 |  |   | 51.5 |  |   |   |   | 572.4 |  |   | 438.9 |  |   |   |
|                                                               |   |   |   |   |   |   |   |   |   |   |   |   |
| Less: Net loss attributable to redeemable non-controlling interest |   |  |  |   |  |  |   |   |   |  |   | (0.1 | ) |   |   |
|                                                               |   |   |   |   |   |   |   |   |   |   |   |   |
| Net income attributable to PVH Corp.                               |   | $ | 134.2 |  |   | $ | 51.5 |  |   |   |   | $ | 572.4 |  |   | $ | 439.0 |  |   |   |
|                                                               |   |   |   |   |   |   |   |   |   |   |   |   |
| Diluted net income per common share attributable to PVH Corp.(1)   |   | $ | 1.63 |  |   | $ | 0.62 |  |   |   |   | $ | 6.89 |  |   | $ | 5.27 |  |   |   |
|                                                               |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                               |   | Quarter Ended |   |   |   | Year Ended |   |   |
|                                                               |   | 1/31/16 |   | 2/1/15 |   |   |   | 1/31/16 |   | 2/1/15 |   |   |
|                                                               |   |   |   |   |   |   |   |   |   |   |   |   |
| Depreciation and amortization expense                              |   | $ | 70.4 |  |   | $ | 63.3 |  |   |   |   | $ | 257.4 |  |   | $ | 244.7 |  |   |   |
|                                                               |   |   |   |   |   |   |   |   |   |   |   |

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

----

|                                                                  |
|------------------------------------------------------------------|
|                                                                  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                             |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                             |   | Quarter Ended |   |   |   | Year Ended |   |   |
|                                                             |   | 1/31/16 |   | 2/1/15 |   |   |   | 1/31/16 |   | 2/1/15 |   |   |
|                                                             |   |   |   |   |   |   |   |   |   |   |   |   |
| Non-GAAP Measures                                                |   |   |   |   |   |   |   |   |   |   |   |   |
| Total gross profit(1)                                            |   |  |  |   | $ | 1,073.9 |  |   |   |   | $ | 4,142.1 |  |   | $ | 4,333.2 |  |   |   |
| Selling, general and administrative expenses(2)                  |   | $ | 891.6 |  |   | 871.8 |  |   |   |   | 3,315.0 |  |   | 3,422.5 |  |   |   |
| Equity in net income of unconsolidated affiliates(3)             |   |  |  |   |  |  |   |   |   | 14.4 |  |   |  |  |   |   |
| Earnings before interest and taxes(4)                            |   | 182.9 |  |   | 202.8 |  |   |   |   | 841.5 |  |   | 920.6 |  |   |   |
| Income tax expense(5)                                            |   | 29.9 |  |   | 23.7 |  |   |   |   | 142.8 |  |   | 174.4 |  |   |   |
| Net income attributable to PVH Corp.(6)                          |   | 125.2 |  |   | 147.1 |  |   |   |   | 585.7 |  |   | 607.8 |  |   |   |
| Diluted net income per common share attributable to PVH Corp.(7) |   | $ | 1.52 |  |   | $ | 1.76 |  |   |   |   | $ | 7.05 |  |   | $ | 7.30 |  |   |   |
|                                                             |   |   |   |   |   |   |   |   |   |   |   |   |
| Depreciation and amortization expense(8)                         |   | $ | 69.0 |  |   | $ | 62.0 |  |   |   |   | $ | 251.2 |  |   | $ | 239.1 |  |   |   |
|                                                             |   |   |   |   |   |   |   |   |   |

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

----

|                                                                                                                                                                                                                            |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                                                            |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Table 1 - Reconciliations of GAAP net income to net income on a non-GAAP basis                                                                                                                                             |   |   |   |   |   |   |   |   |
|                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                                                                                       |   | Quarter Ended |   |   |   | Year Ended |   |   |
|                                                                                                                                                                                                                       |   | 1/31/16 |   | 2/1/15 |   |   |   | 1/31/16 |   | 2/1/15 |   |   |
|                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| Net income attributable to PVH Corp.                                                                                                                                                                                       |   | $ | 134.2 |  |   | $ | 51.5 |  |   |   |   | $ | 572.4 |  |   | $ | 439.0 |  |   |   |
|                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| Diluted net income per common share attributable to PVH Corp.(1)                                                                                                                                                           |   | $ | 1.63 |  |   | $ | 0.62 |  |   |   |   | $ | 6.89 |  |   | $ | 5.27 |  |   |   |
|                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| Items excluded:                                                                                                                                                                                                            |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| Gross profit charges associated with integration of Warnaco and related restructuring                                                                                                                                      |   |  |   | 0.8 |  |   |   |   |  |   | 4.7 |  |   |   |
|                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| 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 dress furnishings business                                                                                   |   |  |   |   |   |   |   | 8.8 |  |   |   |   |   |
|                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| Gross profit charges associated with the exit from a discontinued product line in the Tommy Hilfiger Japan business                                                                                                        |   |   |   | 1.8 |  |   |   |   |   |   | 1.8 |  |   |   |
|                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| Actuarial (gain) loss on retirement plans (recorded in SG&A)                                                                                                                                                           |   | (20.2 | ) |   | 138.9 |  |   |   |   | (20.2 | ) |   | 138.9 |  |   |   |
|                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| SG&A expenses associated with integration of Warnaco and related restructuring                                                                                                                                         |   | 22.6 |  |   | 32.9 |  |   |   |   | 73.4 |  |   | 134.7 |  |   |   |
|                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| SG&A expenses associated with the operation of and exit from the Izod retail business (including noncash impairment charges of $17.7 in 2014)                                                                          |   | 1.2 |  |   | 21.0 |  |   |   |   | 38.6 |  |   | 21.0 |  |   |   |
|                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| SG&A expenses associated with the discontinuation of several licensed product lines in the dress furnishings business                                                                                                  |   | 0.1 |  |   |  |   |   |   | 7.7 |  |   |  |   |   |
|                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| SG&A expenses associated with licensing to G-III the Tommy Hilfiger womenswear wholesale business in the U.S. and Canada                                                                                               |   | 3.2 |  |   |   |   |   |   | 3.2 |  |   |   |   |   |
|                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| SG&A expenses associated with the exit from a discontinued product line in the Tommy Hilfiger Japan business                                                                                                           |   |   |   | 1.2 |  |   |   |   |   |   | 1.2 |  |   |   |
|                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| Impairment of certain Tommy Hilfiger North America stores (recorded in SG&A)                                                                                                                                      |   |   |   |   |   |   |   |   |   | 2.3 |  |   |   |
|                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| Costs associated with the sale of Bass (recorded in SG&A)                                                                                                                                                              |   |  |   |  |   |   |   |  |   | 1.0 |  |   |   |
|                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| Net gain on deconsolidation of subsidiaries and consolidated joint venture (recorded in SG&A)                                                                                                                          |   |  |   |  |   |   |   |  |   | (8.0 | ) |   |   |
|                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| 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                                                                                                                                                                                 |   |  |   |  |   |   |   |  |   | 93.1 |  |   |   |
|                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| Tax effects of the above items(2)                                                                                                                                                                                          |   | (2.9 | ) |   | (64.4 | ) |   |   |   | (33.2 | ) |   | (130.4 | ) |   |   |
|                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| Discrete tax benefits primarily related to the resolution of uncertain tax positions                                                                                                                                       |   | (1.8 | ) |   | (36.6 | ) |   |   |   | (23.3 | ) |   | (81.9 | ) |   |   |
|                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| Discrete tax benefit related to the impact of recently enacted tax law and tax rates on deferred taxes                                                                                                                     |   | (11.2 | ) |   |   |   |   |   | (11.2 | ) |   |   |   |   |
|                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| Discrete tax benefit primarily related to the Warnaco integration                                                                                                                                                          |   |  |   |  |   |   |   |  |   | (9.6 | ) |   |   |
|                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| Net income on a non-GAAP basis attributable to PVH Corp.                                                                                                                                                                   |   | $ | 125.2 |  |   | $ | 147.1 |  |   |   |   | $ | 585.7 |  |   | $ | 607.8 |  |   |   |
|                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| Diluted net income per common share on a non-GAAP basis attributable to PVH Corp.(1)                                                                                                                                       |   | $ | 1.52 |  |   | $ | 1.76 |  |   |   |   | $ | 7.05 |  |   | $ | 7.30 |  |   |   |
|                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| (1)   Please see Note A in the Notes to the Consolidated GAAP Income Statements for reconciliations of GAAP diluted net income per common share to diluted net income per common share on a non-GAAP basis. |
| (2)   Please see Table 6 for an explanation of the calculation of the tax effects of the above items.                                                                                                       |

----

|                                                                                                                                                   |
|---------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| 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 |   |   |
|                                                                                                                                              |   | 1/31/16 |   | 2/1/15 |   |   |   | 1/31/16 |   | 2/1/15 |   |   |
|                                                                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |
| Earnings before interest and taxes                                                                                                                |   | $ | 176.0 |  |   | $ | 6.2 |  |   |   |   | $ | 760.5 |  |   | $ | 529.9 |  |   |   |
|                                                                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |
| Items excluded:                                                                                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |
| Gross profit charges associated with integration of Warnaco and related restructuring                                                             |   |  |   | 0.8 |  |   |   |   |  |   | 4.7 |  |   |   |
|                                                                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |
| 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 dress furnishings business          |   |  |   |   |   |   |   | 8.8 |  |   |   |   |   |
|                                                                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |
| Gross profit charges associated with the exit from a discontinued product line in the Tommy Hilfiger Japan business                               |   |   |   | 1.8 |  |   |   |   |   |   | 1.8 |  |   |   |
|                                                                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |
| Actuarial (gain) loss on retirement plans (recorded in SG&A)                                                                                  |   | (20.2 | ) |   | 138.9 |  |   |   |   | (20.2 | ) |   | 138.9 |  |   |   |
|                                                                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |
| SG&A expenses associated with integration of Warnaco and related restructuring                                                                |   | 22.6 |  |   | 32.9 |  |   |   |   | 73.4 |  |   | 134.7 |  |   |   |
|                                                                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |
| SG&A expenses associated with the operation of and exit from the Izod retail business (including noncash impairment charges of $17.7 in 2014) |   | 1.2 |  |   | 21.0 |  |   |   |   | 38.6 |  |   | 21.0 |  |   |   |
|                                                                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |
| SG&A expenses associated with the discontinuation of several licensed product lines in the dress furnishings business                         |   | 0.1 |  |   |  |   |   |   | 7.7 |  |   |  |   |   |
|                                                                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |
| SG&A expenses associated with licensing to G-III the Tommy Hilfiger womenswear wholesale business in the U.S. and Canada                      |   | 3.2 |  |   |   |   |   |   | 3.2 |  |   |   |   |   |
|                                                                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |
| SG&A expenses associated with the exit from a discontinued product line in the Tommy Hilfiger Japan business                                  |   |   |   | 1.2 |  |   |   |   |   |   | 1.2 |  |   |   |
|                                                                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |
| Impairment of certain Tommy Hilfiger North America stores (recorded in SG&A)                                                             |   |   |   |   |   |   |   |   |   | 2.3 |  |   |   |
|                                                                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |
| Costs associated with the sale of Bass (recorded in SG&A)                                                                                     |   |  |   |  |   |   |   |  |  |   | 1.0 |  |   |   |
|                                                                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |
| Net gain on deconsolidation of subsidiaries and consolidated joint venture (recorded in SG&A)                                                 |   |  |   |  |   |   |   |  |   | (8.0 | ) |   |   |
|                                                                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |
| 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                                                                                                        |   |  |   |  |   |   |   |  |   | 93.1 |  |   |   |
|                                                                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |
| Earnings before interest and taxes on a non-GAAP basis                                                                                            |   | $ | 182.9 |  |   | $ | 202.8 |  |   |   |   | $ | 841.5 |  |   | $ | 920.6 |  |   |   |
|                                                                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |

----

|                                                                                                                                          |
|------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                          |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Table 3 - Reconciliations of GAAP gross profit to gross profit on a non-GAAP basis                                                       |   |   |   |   |
|                                                                                                                                     |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                     | Quarter Ended |   |   | Year Ended |   |   |
|                                                                                                                                     |   | 2/1/15 |   |   |   | 1/31/16 |   | 2/1/15 |   |   |
|                                                                                                                                     |   |   |   |   |   |   |   |   |   |   |
| Gross profit                                                                                                                             |   | $ | 1,071.3 |  |   |   |   | $ | 4,161.6 |  |   | $ | 4,326.7 |  |   |   |
|                                                                                                                                     |   |   |   |   |   |   |   |   |   |   |
| Items excluded:                                                                                                                          |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                     |   |   |   |   |   |   |   |   |   |   |
| Gross profit charges associated with integration of Warnaco and related restructuring                                                    |   | 0.8 |  |   |   |   |   |   | 4.7 |  |   |   |
|                                                                                                                                     |   |   |   |   |   |   |   |   |   |   |
| 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 dress furnishings business |   |  |   |   |   | 8.8 |  |   |  |   |   |
|                                                                                                                                     |   |   |   |   |   |   |   |   |   |   |
| Gross profit charges associated with the exit from a discontinued product line in the Tommy Hilfiger Japan business                      |   | 1.8 |  |   |   |   |   |   | 1.8 |  |   |   |
|                                                                                                                                     |   |   |   |   |   |   |   |   |   |   |
| Gross profit on a non-GAAP basis                                                                                                         |   | $ | 1,073.9 |  |   |   |   | $ | 4,142.1 |  |   | $ | 4,333.2 |  |   |   |
|                                                                                                                                     |   |   |   |   |   |   |   |   |   |   |

|                                                                                                                                                   |
|---------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Table 4 - Reconciliations of GAAP SG&A to SG&A on a non-GAAP basis                                                                        |   |   |
|                                                                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                              |   | Quarter Ended |   |   |   | Year Ended |   |   |
|                                                                                                                                              |   | 1/31/16 |   | 2/1/15 |   |   |   | 1/31/16 |   | 2/1/15 |   |   |
|                                                                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |
| SG&A                                                                                                                                          |   | $ | 898.5 |  |   | $ | 1,065.8 |  |   |   |   | $ | 3,417.7 |  |   | $ | 3,713.6 |  |   |   |
|                                                                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |
| Items excluded:                                                                                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |
| Actuarial gain (loss) on retirement plans                                                                                                         |   | 20.2 |  |   | (138.9 | ) |   |   |   | 20.2 |  |   | (138.9 | ) |   |   |
|                                                                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |
| SG&A expenses associated with integration of Warnaco and related restructuring                                                                |   | (22.6 | ) |   | (32.9 | ) |   |   |   | (73.4 | ) |   | (134.7 | ) |   |   |
|                                                                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |
| SG&A expenses associated with the operation of and exit from the Izod retail business (including noncash impairment charges of $17.7 in 2014) |   | (1.2 | ) |   | (21.0 | ) |   |   |   | (38.6 | ) |   | (21.0 | ) |   |   |
|                                                                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |
| SG&A expenses associated with the discontinuation of several licensed product lines in the dress furnishings business                         |   | (0.1 | ) |   |  |  |   |   |   | (7.7 | ) |   |  |  |   |   |
|                                                                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |
| SG&A expenses associated with licensing to G-III the Tommy Hilfiger womenswear wholesale business in the U.S.                                 |   | (3.2 | ) |   |   |   |   |   | (3.2 | ) |   |   |   |   |
|                                                                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |
| SG&A expenses associated with the exit from a discontinued product line in the Tommy Hilfiger Japan business                                  |   |   |   | (1.2 | ) |   |   |   |   |   | (1.2 | ) |   |   |
|                                                                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |
| Impairment of certain Tommy Hilfiger North America stores                                                                                    |   |  |  |   |  |  |   |   |   |   |   | (2.3 | ) |   |   |
|                                                                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |
| Costs associated with the sale of Bass                                                                                                            |   |  |  |   |  |   |   |   |  |  |   | (1.0 | ) |   |   |
|                                                                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |
| Net gain on deconsolidation of subsidiaries and consolidated joint venture                                                                        |   |  |  |   |  |  |   |   |   |  |  |   | 8.0 |  |   |   |
|                                                                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |
| SG&A on a non-GAAP basis                                                                                                                      |   | $ | 891.6 |  |   | $ | 871.8 |  |   |   |   | $ | 3,315.0 |  |   | $ | 3,422.5 |  |   |   |
|                                                                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |

----

|                                                                                                                                                             |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                             |  |  |  |  |  |  |  |
| Table 5 - Reconciliation of GAAP equity in net income of unconsolidated affiliates to equity in net income of unconsolidated affiliates on a non-GAAP basis |
|                                                                                                                                                        |   |   |   |   |   |
|                                                                                                                                                        |   |   | Year Ended |   |   |
|                                                                                                                                                        |   |   | 1/31/16 |   |   |
|                                                                                                                                                        |   |   |   |   |   |
| Equity in net income of unconsolidated affiliates                                                                                                           |   |   | $ | 16.6 |  |   |   |
|                                                                                                                                                        |   |   |   |   |   |
| Items excluded:                                                                                                                                             |   |   |   |   |   |
|                                                                                                                                                        |   |   |   |   |   |
| Gain recorded on the equity investment in Karl Lagerfeld                                                                                                    |   |   | (2.2 | ) |   |   |
|                                                                                                                                                        |   |   |   |   |   |
| Equity in net income of unconsolidated affiliates on a non-GAAP basis                                                                                       |   |   | $ | 14.4 |  |   |   |
|                                                                                                                                                        |   |   |   |   |   |

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Table 6 - Reconciliations of GAAP income tax expense (benefit) to income tax expense on a non-GAAP basis                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   | Quarter Ended |   |   |   | Year Ended |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   | 1/31/16 |   | 2/1/15 |   |   |   | 1/31/16 |   | 2/1/15 |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |
| Income tax expense (benefit)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   | $ | 14.0 |  |   | $ | (77.3 | ) |   |   |   | $ | 75.1 |  |   | $ | (47.5 | ) |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |
| Items excluded:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |
| Tax effects of pre-tax items identified as non-GAAP exclusions (1)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   | 2.9 |  |   | 64.4 |  |   |   |   | 33.2 |  |   | 130.4 |  |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |
| Discrete tax benefits primarily related to the resolution of uncertain tax positions                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   | 1.8 |  |   | 36.6 |  |   |   |   | 23.3 |  |   | 81.9 |  |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |
| Discrete tax benefit related to the impact of recently enacted tax law and tax rates on deferred taxes                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   | 11.2 |  |   |   |   |   |   | 11.2 |  |   |   |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |
| Discrete tax benefit primarily related to the Warnaco integration                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |   |  |   |  |   |   |   |  |   | 9.6 |  |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |
| Income tax expense on a non-GAAP basis                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   | $ | 29.9 |  |   | $ | 23.7 |  |   |   |   | $ | 142.8 |  |   | $ | 174.4 |  |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |
| (1)  The estimated tax effects of the Company’s non-GAAP exclusions are based on the Company’s assessment of taxability and deductibility. In making this assessment, the Company evaluated each pre-tax item that it has identified as a non-GAAP exclusion to determine if such item is taxable or tax deductible and, if so, in what jurisdiction the tax expense or tax deduction would occur. All of the pre-tax items identified as non-GAAP exclusions were assumed to be either primarily taxable or tax deductible, with the tax effects 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 effects. |

----

|                                                                                                                                      |
|--------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                      |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Table 7 - Reconciliations of GAAP depreciation and amortization expense to depreciation and amortization expense on a non-GAAP basis |   |   |
|                                                                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                 |   | Quarter Ended |   |   |   | Year Ended |   |   |
|                                                                                                                                 |   | 1/31/16 |   | 2/1/15 |   |   |   | 1/31/16 |   | 2/1/15 |   |   |
|                                                                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |
| Depreciation and amortization expense                                                                                                |   | $ | 70.4 |  |   | $ | 63.3 |  |   |   |   | $ | 257.4 |  |   | $ | 244.7 |  |   |   |
|                                                                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |
| Items excluded:                                                                                                                      |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |
| Depreciation and amortization associated with integration of Warnaco and related restructuring                                       |   | (1.4 | ) |   | (1.3 | ) |   |   |   | (6.2 | ) |   | (5.6 | ) |   |   |
|                                                                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |
| Depreciation and amortization expense on a non-GAAP basis                                                                            |   | $ | 69.0 |  |   | $ | 62.0 |  |   |   |   | $ | 251.2 |  |   | $ | 239.1 |  |   |   |
|                                                                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |

----

|                                                               |
|---------------------------------------------------------------|
|                                                               |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                          |   | Quarter Ended |   |   |   | Quarter Ended |
|                                                          |   | 1/31/16 |   |   |   | 2/1/15 |
|                                                          |   | GAAP |   |   |   | Non-GAAP |   |   |   | GAAP |   |   |   | Non-GAAP |   |
|                                                          |   | Results |   | Adjustments | (1)  | Results |   |   |   | Results |   | Adjustments | (2)  | Results |   |
|                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net income attributable to PVH Corp.                          |   | $ | 134.2 |  |   | $ | 9.0 |  |   | $ | 125.2 |  |   |   |   | $ | 51.5 |  |   | $ | (95.6 | ) |   | $ | 147.1 |  |   |
|                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Weighted average common shares                                |   | 81.8 |  |   |   |   | 81.8 |  |   |   |   | 82.5 |  |   |   |   | 82.5 |  |   |
| Weighted average dilutive securities                          |   | 0.6 |  |   |  |  |   | 0.6 |  |   |   |   | 0.9 |  |   |  |   | 0.9 |  |   |
| Total shares                                                  |   | 82.4 |  |   |   |   | 82.4 |  |   |   |   | 83.4 |  |   |   |   | 83.4 |  |   |
|                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Diluted net income per common share attributable to PVH Corp. |   | $ | 1.63 |  |   |   |   | $ | 1.52 |  |   |   |   | $ | 0.62 |  |   |   |   | $ | 1.76 |  |   |
|                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

|                                                               |
|---------------------------------------------------------------|
|                                                               |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                          |   | Year Ended |   |   |   | Year Ended |   |
|                                                          |   | 1/31/16 |   |   |   | 2/1/15 |   |
|                                                          |   | GAAP |  |   |   |   | Non-GAAP |  |   |   |   | GAAP |  |   |   |   | Non-GAAP |  |   |
|                                                          |   | Results |  |   | Adjustments |  | (1  | )  | Results |  |   |   |   | Results |  |   | Adjustments |  | (2  | )  | Results |  |   |
|                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net income attributable to PVH Corp.                          |   | $ | 572.4 |  |   | $ | (13.3 | ) |   | $ | 585.7 |  |   |   |   | $ | 439.0 |  |   | $ | (168.8 | ) |   | $ | 607.8 |  |   |
|                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Weighted average common shares                                |   | 82.4 |  |   |   |   | 82.4 |  |   |   |   | 82.4 |  |   |   |   | 82.4 |  |   |
| Weighted average dilutive securities                          |   | 0.7 |  |   |  |  |   | 0.7 |  |   |   |   | 0.9 |  |   |   |   | 0.9 |  |   |
| Total shares                                                  |   | 83.1 |  |   |   |   | 83.1 |  |   |   |   | 83.3 |  |   |   |   | 83.3 |  |   |
|                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Diluted net income per common share attributable to PVH Corp. |   | $ | 6.89 |  |   |   |   | $ | 7.05 |  |   |   |   | $ | 5.27 |  |   |   |   | $ | 7.30 |  |   |
|                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

|           |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
|-----------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (1)  | Represents the impact on net income in the periods ended January 31, 2016 from the elimination of (i) the costs incurred in connection with the Company’s integration of Warnaco and the related restructuring; (ii) the costs incurred in connection with the operation of and exit from the Izod retail business; (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 licensing to G-III the Tommy Hilfiger womenswear wholesale business in the U.S. and Canada; (v) the gain recorded on the equity investment in Karl Lagerfeld; (vi) the recognized actuarial gain on retirement plans; (vii) the tax effects associated with the foregoing items; and (viii) the tax benefits associated with non-recurring discrete items primarily related to the resolution of uncertain tax positions and the impact of recently enacted tax law and tax rate changes on deferred taxes. Please see Table 1 for a reconciliation of GAAP net income to net income on a non-GAAP basis. |

----

|                                            |
|--------------------------------------------|
|                                            |  |  |  |  |  |  |  |
|                                       | 1/31/16 |   | 2/1/15 |
| ASSETS                                     |   |   |   |
| Current Assets:                            |   |   |   |
| Cash and Cash Equivalents                  | $ | 556.4 |  |   | $ | 479.3 |  |
| Receivables                                | 685.9 |  |   | 743.2 |  |
| Inventories                                | 1,322.3 |  |   | 1,257.3 |  |
| Other Current Assets                       | 248.0 |  |   | 306.0 |  |
| Total Current Assets                       | 2,812.6 |  |   | 2,785.8 |  |
| Property, Plant and Equipment              | 744.6 |  |   | 725.7 |  |
| Goodwill and Other Intangible Assets       | 6,865.7 |  |   | 7,040.7 |  |
| Other Assets                               | 273.5 |  |   | 272.7 |  |
|                                       | $ | 10,696.4 |  |   | $ | 10,824.9 |  |
|                                       |   |   |   |
| LIABILITIES AND STOCKHOLDERS’ EQUITY |   |   |   |
| Accounts Payable and Accrued Expenses      | $ | 1,364.7 |  |   | $ | 1,320.3 |  |
| Short-Term Borrowings                      | 25.9 |  |   | 8.5 |  |
| Current Portion of Long-Term Debt          | 136.6 |  |   | 99.3 |  |
| Other Liabilities                          | 1,562.6 |  |   | 1,593.8 |  |
| Long-Term Debt                             | 3,054.3 |  |   | 3,438.7 |  |
| Stockholders’ Equity                 | 4,552.3 |  |   | 4,364.3 |  |
|                                       | $ | 10,696.4 |  |   | $ | 10,824.9 |  |

----

|                               |
|-------------------------------|
|                               |  |  |  |  |  |  |  |  |  |  |  |
| PVH CORP.                     |   |   |   |   |   |   |   |
| Segment Data                  |   |   |   |   |   |   |   |
| (In millions)                 |   |   |   |   |   |   |   |
|                          |   |   |   |   |   |   |   |
| REVENUE BY SEGMENT            |   |   |   |   |   |   |   |
|                          |   | Quarter Ended |   |   |   | Quarter Ended |   |
|                          |   | 1/31/16 |   |   |   | 2/1/15 |   |
|                          |   |   |   |   |   |   |   |
| Calvin Klein North America    |   |   |   |   |   |   |   |
| Net sales                     |   | $ | 420.0 |  |   |   |   | $ | 352.3 |  |   |
| Royalty revenue               |   | 30.6 |  |   |   |   | 27.9 |  |   |
| Advertising and other revenue |   | 9.3 |  |   |   |   | 8.4 |  |   |
| Total                         |   | 459.9 |  |   |   |   | 388.6 |  |   |
|                          |   |   |   |   |   |   |   |
| Calvin Klein International    |   |   |   |   |   |   |   |
| Net sales                     |   | 318.2 |  |   |   |   | 285.4 |  |   |
| Royalty revenue               |   | 21.2 |  |   |   |   | 21.7 |  |   |
| Advertising and other revenue |   | 6.7 |  |   |   |   | 7.0 |  |   |
| Total                         |   | 346.1 |  |   |   |   | 314.1 |  |   |
|                          |   |   |   |   |   |   |   |
| Total Calvin Klein            |   |   |   |   |   |   |   |
| Net sales                     |   | 738.2 |  |   |   |   | 637.7 |  |   |
| Royalty revenue               |   | 51.8 |  |   |   |   | 49.6 |  |   |
| Advertising and other revenue |   | 16.0 |  |   |   |   | 15.4 |  |   |
| Total                         |   | 806.0 |  |   |   |   | 702.7 |  |   |
|                          |   |   |   |   |   |   |   |
| Tommy Hilfiger North America  |   |   |   |   |   |   |   |
| Net sales                     |   | 424.8 |  |   |   |   | 432.7 |  |   |
| Royalty revenue               |   | 9.5 |  |   |   |   | 7.9 |  |   |
| Advertising and other revenue |   | 3.3 |  |   |   |   | 2.6 |  |   |
| Total                         |   | 437.6 |  |   |   |   | 443.2 |  |   |
|                          |   |   |   |   |   |   |   |
| Tommy Hilfiger International  |   |   |   |   |   |   |   |
| Net sales                     |   | 454.1 |  |   |   |   | 462.1 |  |   |
| Royalty revenue               |   | 11.3 |  |   |   |   | 13.8 |  |   |
| Advertising and other revenue |   | 1.1 |  |   |   |   | 0.3 |  |   |
| Total                         |   | 466.5 |  |   |   |   | 476.2 |  |   |
|                          |   |   |   |   |   |   |   |
| Total Tommy Hilfiger          |   |   |   |   |   |   |   |
| Net sales                     |   | 878.9 |  |   |   |   | 894.8 |  |   |
| Royalty revenue               |   | 20.8 |  |   |   |   | 21.7 |  |   |
| Advertising and other revenue |   | 4.4 |  |   |   |   | 2.9 |  |   |
| Total                         |   | 904.1 |  |   |   |   | 919.4 |  |   |
|                          |   |   |   |   |   |   |   |
| Heritage Brands Wholesale     |   |   |   |   |   |   |   |
| Net sales                     |   | 328.1 |  |   |   |   | 345.3 |  |   |
| Royalty revenue               |   | 4.7 |  |   |   |   | 4.5 |  |   |
| Advertising and other revenue |   | 0.7 |  |   |   |   | 0.8 |  |   |
| Total                         |   | 333.5 |  |   |   |   | 350.6 |  |   |
|                          |   |   |   |   |   |   |   |
| Heritage Brands Retail        |   |   |   |   |   |   |   |
| Net sales                     |   | 68.4 |  |   |   |   | 95.3 |  |   |
| Royalty revenue               |   | 0.5 |  |   |   |   | 0.7 |  |   |
| Advertising and other revenue |   | 0.0 |  |   |   |   | 0.1 |  |   |
| Total                         |   | 68.9 |  |   |   |   | 96.1 |  |   |
|                          |   |   |   |   |   |   |   |
| Total Heritage Brands         |   |   |   |   |   |   |   |
| Net sales                     |   | 396.5 |  |   |   |   | 440.6 |  |   |
| Royalty revenue               |   | 5.2 |  |   |   |   | 5.2 |  |   |
| Advertising and other revenue |   | 0.7 |  |   |   |   | 0.9 |  |   |
| Total                         |   | 402.4 |  |   |   |   | 446.7 |  |   |
|                          |   |   |   |   |   |   |   |
| Total Revenue                 |   |   |   |   |   |   |   |
| Net sales                     |   | 2,013.6 |  |   |   |   | 1,973.1 |  |   |
| Royalty revenue               |   | 77.8 |  |   |   |   | 76.5 |  |   |
| Advertising and other revenue |   | 21.1 |  |   |   |   | 19.2 |  |   |
| Total                         |   | $ | 2,112.5 |  |   |   |   | $ | 2,068.8 |  |   |
|                          |   |   |   |   |   |   |   |

----

|                                               |
|-----------------------------------------------|
|                                               |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| PVH CORP.                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Segment Data (continued)                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| (In millions)                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| EARNINGS BEFORE INTEREST AND TAXES BY SEGMENT |   |   |   |   |
|                                          |   |   |   |   |   |   |   |
|                                          |   | Quarter Ended |   |   |   | Quarter Ended |   |
|                                          |   | 1/31/16 |   |   |   | 2/1/15 |   |
|                                          |   | Results |   |   |   |   |   |   |   | Results |   |   |   |   |   |
|                                          |   | Under |   |   |   | Non-GAAP |   |   |   | Under |   |   |   | Non-GAAP |   |
|                                          |   | GAAP |   | Adjustments(1) |   | Results |   |   |   | GAAP |   | Adjustments(2) |   | Results |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Calvin Klein North America                    |   | $ | 59.7 |  |   | $ | (2.7 | ) |   | $ | 62.4 |  |   |   |   | $ | 52.7 |  |   | $ | (3.2 | ) |   | $ | 55.9 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Calvin Klein International                    |   | 41.1 |  |   | (5.3 | ) |   | 46.4 |  |   |   |   | 20.9 |  |   | (14.6 | ) |   | 35.5 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total Calvin Klein                            |   | 100.8 |  |   | (8.0 | ) |   | 108.8 |  |   |   |   | 73.6 |  |   | (17.8 | ) |   | 91.4 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Tommy Hilfiger North America                  |   | 27.7 |  |   | (3.2 | ) |   | 30.9 |  |   |   |   | 62.0 |  |   |  |  |   | 62.0 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Tommy Hilfiger International                  |   | 55.4 |  |   |  |  |   | 55.4 |  |   |   |   | 55.8 |  |   | (3.0 | ) |   | 58.8 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total Tommy Hilfiger                          |   | 83.1 |  |   | (3.2 | ) |   | 86.3 |  |   |   |   | 117.8 |  |   | (3.0 | ) |   | 120.8 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Heritage Brands Wholesale                     |   | 17.5 |  |   | (1.1 | ) |   | 18.6 |  |   |   |   | 12.2 |  |   | (4.7 | ) |   | 16.9 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Heritage Brands Retail                        |   | (1.1 | ) |   | (1.2 | ) |   | 0.1 |  |   |   |   | (21.0 | ) |   | (21.0 | ) |   | 0.0 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total Heritage Brands                         |   | 16.4 |  |   | (2.3 | ) |   | 18.7 |  |   |   |   | (8.8 | ) |   | (25.7 | ) |   | 16.9 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Corporate                                     |   | (24.3 | ) |   | 6.6 |  |   | (30.9 | ) |   |   |   | (176.4 | ) |   | (150.1 | ) |   | (26.3 | ) |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total earnings before interest and taxes      |   | $ | 176.0 |  |   | $ | (6.9 | ) |   | $ | 182.9 |  |   |   |   | $ | 6.2 |  |   | $ | (196.6 | ) |   | $ | 202.8 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

|           |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
|-----------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (1)  | Adjustments for the quarter ended January 31, 2016 represent the elimination of (i) the costs incurred in connection with the Company’s integration of Warnaco and the related restructuring; (ii) the costs incurred in connection with the exit from the Izod retail business; (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 licensing to G-III the Tommy Hilfiger womenswear wholesale business in the U.S. and Canada; and (v) the recognized actuarial gain on retirement plans. |

|           |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
|-----------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (2)  | Adjustments for the quarter ended February 1, 2015 represent the elimination of (i) the costs incurred in connection with the Company’s integration of Warnaco and the related restructuring, (ii) the costs incurred in connection with the Company’s exit from the Izod retail business, including noncash impairment charges; (iii) the costs incurred in connection with the Company’s exit from a discontinued product line in the Tommy Hilfiger Japan business; and (iv) the recognized actuarial loss on retirement plans. |

----

|                               |
|-------------------------------|
|                               |  |  |  |  |  |  |  |  |  |  |  |
| PVH CORP.                     |   |   |   |   |   |   |   |
| Segment Data (continued)      |   |   |   |   |   |   |   |
| (In millions)                 |   |   |   |   |   |   |   |
|                          |   |   |   |   |   |   |   |
| REVENUE BY SEGMENT            |   |   |   |   |   |   |   |
|                          |   | Year Ended |   |   |   | Year Ended |   |
|                          |   | 1/31/16 |   |   |   | 2/1/15 |   |
| Calvin Klein North America    |   |   |   |   |   |   |   |
| Net sales                     |   | $ | 1,457.0 |  |   |   |   | $ | 1,391.1 |  |   |
| Royalty revenue               |   | 133.7 |  |   |   |   | 115.6 |  |   |
| Advertising and other revenue |   | 44.0 |  |   |   |   | 44.1 |  |   |
| Total                         |   | 1,634.7 |  |   |   |   | 1,550.8 |  |   |
|                          |   |   |   |   |   |   |   |
| Calvin Klein International    |   |   |   |   |   |   |   |
| Net sales                     |   | 1,183.4 |  |   |   |   | 1,198.8 |  |   |
| Royalty revenue               |   | 78.2 |  |   |   |   | 78.6 |  |   |
| Advertising and other revenue |   | 26.3 |  |   |   |   | 30.6 |  |   |
| Total                         |   | 1,287.9 |  |   |   |   | 1,308.0 |  |   |
|                          |   |   |   |   |   |   |   |
| Total Calvin Klein            |   |   |   |   |   |   |   |
| Net sales                     |   | 2,640.4 |  |   |   |   | 2,589.9 |  |   |
| Royalty revenue               |   | 211.9 |  |   |   |   | 194.2 |  |   |
| Advertising and other revenue |   | 70.3 |  |   |   |   | 74.7 |  |   |
| Total                         |   | 2,922.6 |  |   |   |   | 2,858.8 |  |   |
|                          |   |   |   |   |   |   |   |
| Tommy Hilfiger North America  |   |   |   |   |   |   |   |
| Net sales                     |   | 1,567.6 |  |   |   |   | 1,595.6 |  |   |
| Royalty revenue               |   | 42.4 |  |   |   |   | 30.2 |  |   |
| Advertising and other revenue |   | 12.7 |  |   |   |   | 10.0 |  |   |
| Total                         |   | 1,622.7 |  |   |   |   | 1,635.8 |  |   |
|                          |   |   |   |   |   |   |   |
| Tommy Hilfiger International  |   |   |   |   |   |   |   |
| Net sales                     |   | 1,693.6 |  |   |   |   | 1,886.1 |  |   |
| Royalty revenue               |   | 49.3 |  |   |   |   | 56.2 |  |   |
| Advertising and other revenue |   | 3.9 |  |   |   |   | 3.7 |  |   |
| Total                         |   | 1,746.8 |  |   |   |   | 1,946.0 |  |   |
|                          |   |   |   |   |   |   |   |
| Total Tommy Hilfiger          |   |   |   |   |   |   |   |
| Net sales                     |   | 3,261.2 |  |   |   |   | 3,481.7 |  |   |
| Royalty revenue               |   | 91.7 |  |   |   |   | 86.4 |  |   |
| Advertising and other revenue |   | 16.6 |  |   |   |   | 13.7 |  |   |
| Total                         |   | 3,369.5 |  |   |   |   | 3,581.8 |  |   |
|                          |   |   |   |   |   |   |   |
| Heritage Brands Wholesale     |   |   |   |   |   |   |   |
| Net sales                     |   | 1,387.6 |  |   |   |   | 1,425.1 |  |   |
| Royalty revenue               |   | 19.0 |  |   |   |   | 17.2 |  |   |
| Advertising and other revenue |   | 2.9 |  |   |   |   | 2.7 |  |   |
| Total                         |   | 1,409.5 |  |   |   |   | 1,445.0 |  |   |
|                          |   |   |   |   |   |   |   |
| Heritage Brands Retail        |   |   |   |   |   |   |   |
| Net sales                     |   | 316.3 |  |   |   |   | 352.4 |  |   |
| Royalty revenue               |   | 2.2 |  |   |   |   | 2.7 |  |   |
| Advertising and other revenue |   | 0.2 |  |   |   |   | 0.5 |  |   |
| Total                         |   | 318.7 |  |   |   |   | 355.6 |  |   |
|                          |   |   |   |   |   |   |   |
| Total Heritage Brands         |   |   |   |   |   |   |   |
| Net sales                     |   | 1,703.9 |  |   |   |   | 1,777.5 |  |   |
| Royalty revenue               |   | 21.2 |  |   |   |   | 19.9 |  |   |
| Advertising and other revenue |   | 3.1 |  |   |   |   | 3.2 |  |   |
| Total                         |   | 1,728.2 |  |   |   |   | 1,800.6 |  |   |
|                          |   |   |   |   |   |   |   |
| Total Revenue                 |   |   |   |   |   |   |   |
| Net sales                     |   | 7,605.5 |  |   |   |   | 7,849.1 |  |   |
| Royalty revenue               |   | 324.8 |  |   |   |   | 300.5 |  |   |
| Advertising and other revenue |   | 90.0 |  |   |   |   | 91.6 |  |   |
| Total                         |   | $ | 8,020.3 |  |   |   |   | $ | 8,241.2 |  |   |
|                          |   |   |   |   |   |   |   |

----

|                                               |
|-----------------------------------------------|
|                                               |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| PVH CORP.                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Segment Data (continued)                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| (In millions)                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| EARNINGS BEFORE INTEREST AND TAXES BY SEGMENT |   |   |   |   |
|                                          |   |   |   |   |   |   |   |
|                                          |   | Year Ended |   |   |   | Year Ended |   |
|                                          |   | 1/31/16 |   |   |   | 2/1/15 |   |
|                                          |   | Results |   |   |   |   |   |   |   | Results |   |   |   |   |   |
|                                          |   | Under |   |   |   | Non-GAAP |   |   |   | Under |   |   |   | Non-GAAP |   |
|                                          |   | GAAP |   | Adjustments(1) |   | Results |   |   |   | GAAP |   | Adjustments(2) |   | Results |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Calvin Klein North America                    |   | $ | 226.4 |  |   | $ | (8.3 | ) |   | $ | 234.7 |  |   |   |   | $ | 225.6 |  |   | $ | (14.0 | ) |   | $ | 239.6 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Calvin Klein International                    |   | 186.6 |  |   | (12.9 | ) |   | 199.5 |  |   |   |   | 118.7 |  |   | (43.1 | ) |   | 161.8 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total Calvin Klein                            |   | 413.0 |  |   | (21.2 | ) |   | 434.2 |  |   |   |   | 344.3 |  |   | (57.1 | ) |   | 401.4 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Tommy Hilfiger North America                  |   | 173.9 |  |   | (3.2 | ) |   | 177.1 |  |   |   |   | 242.9 |  |   | (2.3 | ) |   | 245.2 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Tommy Hilfiger International                  |   | 224.7 |  |   |  |  |   | 224.7 |  |   |   |   | 261.2 |  |   | (3.0 | ) |   | 264.2 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total Tommy Hilfiger                          |   | 398.6 |  |   | (3.2 | ) |   | 401.8 |  |   |   |   | 504.1 |  |   | (5.3 | ) |   | 509.4 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Heritage Brands Wholesale                     |   | 90.4 |  |   | (24.6 | ) |   | 115.0 |  |   |   |   | 96.6 |  |   | (17.7 | ) |   | 114.3 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Heritage Brands Retail                        |   | (3.4 | ) |   | (10.3 | ) |   | 6.9 |  |   |   |   | (24.8 | ) |   | (22.0 | ) |   | (2.8 | ) |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total Heritage Brands                         |   | 87.0 |  |   | (34.9 | ) |   | 121.9 |  |   |   |   | 71.8 |  |   | (39.7 | ) |   | 111.5 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Corporate                                     |   | (138.1 | ) |   | (21.7 | ) |   | (116.4 | ) |   |   |   | (390.3 | ) |   | (288.6 | ) |   | (101.7 | ) |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total earnings before interest and taxes      |   | $ | 760.5 |  |   | $ | (81.0 | ) |   | $ | 841.5 |  |   |   |   | $ | 529.9 |  |   | $ | (390.7 | ) |   | $ | 920.6 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

|           |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
|-----------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (1)  | Adjustments for the year ended January 31, 2016 represent the elimination of (i) the costs incurred in connection with the Company’s integration of Warnaco and the related restructuring; (ii) the costs incurred in connection with the operation of and exit from the Izod retail business; (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 licensing to G-III the Tommy Hilfiger womenswear wholesale business in the U.S. and Canada; (v) the gain recorded on the equity investment in Karl Lagerfeld; and (vi) the recognized actuarial gain on retirement plans. |

|           |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
|-----------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (2)  | Adjustments for the year ended February 1, 2015 represent the elimination of (i) the costs incurred in connection with the Company’s integration of Warnaco and the related restructuring; (ii) the costs incurred in connection with the Company’s exit from the Izod retail business, including noncash impairment charges; (iii) the costs incurred in connection with the Company’s exit from a discontinued product line in the Tommy Hilfiger Japan business; (iv) the impairment of certain Tommy Hilfiger stores in North America; (v) the costs incurred related to the sale of the Bass business; (vi) the costs incurred in connection with the amendment and restatement of the Company’s credit facility and the related redemption of its 7 3/8% notes due 2020; (vii) the net gain on the deconsolidation of certain Calvin Klein subsidiaries in Australia and New Zealand and the previously consolidated Calvin Klein joint venture in India; and (viii) the recognized actuarial loss on retirement plans. |

----

|                              |
|------------------------------|
|                              |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                         |   | Revenue as Reported |   | % Change |
|                         |   | Quarter Ended |   | As Reported |   | Impact of Foreign Exchange |   | Constant Currency |
|                         |   | 1/31/16 |   | 2/1/15 |   |   |   |
|                         |   |   |   |   |   |   |   |   |   |   |
| Calvin Klein North America   |   | $ | 459.9 |  |   | $ | 388.6 |  |   | 18.3 |  % |   | (3.5 | )% |   | 21.8 | % |
| Calvin Klein International   |   | 346.1 |  |   | 314.1 |  |   | 10.2 |  % |   | (10.7 | )% |   | 20.9 | % |
| Total Calvin Klein           |   | 806.0 |  |   | 702.7 |  |   | 14.7 |  % |   | (6.7 | )% |   | 21.4 | % |
|                         |   |   |   |   |   |   |   |   |   |   |
| Tommy Hilfiger North America |   | $ | 437.6 |  |   | $ | 443.2 |  |   | (1.3 | )% |   | (2.4 | )% |   | 1.1 | % |
| Tommy Hilfiger International |   | 466.5 |  |   | 476.2 |  |   | (2.0 | )% |   | (9.9 | )% |   | 7.9 | % |
| Total Tommy Hilfiger         |   | 904.1 |  |   | 919.4 |  |   | (1.7 | )% |   | (6.3 | )% |   | 4.6 | % |
|                         |   |   |   |   |   |   |   |   |   |   |
| Total Revenue                |   | $ | 2,112.5 |  |   | $ | 2,068.8 |  |   | 2.1 |  % |   | (5.3 | )% |   | 7.4 | % |

|                              |
|------------------------------|
|                              |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                         |   | Revenue as Reported |   | % Change |
|                         |   | Year Ended |   | As Reported |   | Impact of Foreign Exchange |   | Constant Currency |
|                         |   | 1/31/16 |   | 2/1/15 |   |   |   |
|                         |   |   |   |   |   |   |   |   |   |   |
| Total Calvin Klein           |   | $ | 2,922.6 |  |   | $ | 2,858.8 |  |   | 2.2 |  % |   | (7.0 | )% |   | 9.2 | % |
|                         |   |   |   |   |   |   |   |   |   |   |
| Tommy Hilfiger North America |   | $ | 1,622.7 |  |   | $ | 1,635.8 |  |   | (0.8 | )% |   | (2.2 | )% |   | 1.4 | % |
| Tommy Hilfiger International |   | 1,746.8 |  |   | 1,946.0 |  |   | (10.2 | )% |   | (15.6 | )% |   | 5.4 | % |
| Total Tommy Hilfiger         |   | 3,369.5 |  |   | 3,581.8 |  |   | (5.9 | )% |   | (9.5 | )% |   | 3.6 | % |
|                         |   |   |   |   |   |   |   |  |  |   |   |
| Total Revenue                |   | $ | 8,020.3 |  |   | $ | 8,241.2 |  |   | (2.7 | )% |   | (6.8 | )% |   | 4.1 | % |

----

|                       |
|-----------------------|
|                       |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                  |   | Total Calvin Klein Earnings Before Interest and Taxes |   |
|                  |   | As Reported |   | Adjustments (1) |   | Non-GAAP Basis |   | Impact of Foreign Exchange |   | Constant Currency |   |
|                  |   |   |   |   |   |   |
| Quarter Ended 1/31/16 |   | $ | 100.8 |  |   | $ | (8.0 | ) |   | $ | 108.8 |  |   | $ | (10.7 | ) |   | $ | 119.5 |  |   |
| Quarter Ended 2/1/15  |   | 73.6 |  |   | (17.8 | ) |   | 91.4 |  |   | — |  |   | 91.4 |  |   |
| % Change              |   |   |   |   |   | 19.0 | % |   |   |   | 30.7 | % |   |

|                       |
|-----------------------|
|                       |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                  |   | Total Tommy Hilfiger Earnings Before Interest and Taxes |   |
|                  |   | As Reported |   | Adjustments (1) |   | Non-GAAP Basis |   | Impact of Foreign Exchange |   | Constant Currency |   |
|                  |   |   |   |   |   |   |
| Quarter Ended 1/31/16 |   | $ | 83.1 |  |   | $ | (3.2 | ) |   | $ | 86.3 |  |   | $ | (20.8 | ) |   | $ | 107.1 |  |   |
| Quarter Ended 2/1/15  |   | 117.8 |  |   | (3.0 | ) |   | 120.8 |  |   | — |  |   | 120.8 |  |   |
| % Change              |   |   |   |   |   | (28.6 | )% |   |   |   | (11.3 | )% |   |

|                       |
|-----------------------|
|                       |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                  |   | Total Earnings Before Interest and Taxes |   |
|                  |   | As Reported |   | Adjustments (1) |   | Non-GAAP Basis |   | Impact of Foreign Exchange |   | Constant Currency |   |
|                  |   |   |   |   |   |   |
| Quarter Ended 1/31/16 |   | $ | 176.0 |  |   | $ | (6.9 | ) |   | $ | 182.9 |  |   | $ | (33.1 | ) |   | $ | 216.0 |  |   |
| Quarter Ended 2/1/15  |   | 6.2 |  |   | (196.6 | ) |   | 202.8 |  |   | — |  |   | 202.8 |  |   |
| % Change              |   |  |  |   |  |  |   | (9.8 | )% |   |   |   | 6.5 | % |   |

|                    |
|--------------------|
|                    |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|               |   | Total Calvin Klein Earnings Before Interest and Taxes |   |
|               |   | As Reported |   | Adjustments (1) |   | Non-GAAP Basis |   | Impact of Foreign Exchange |   | Constant Currency |   |
|               |   |   |   |   |   |   |
| Year Ended 1/31/16 |   | $ | 413.0 |  |   | $ | (21.2 | ) |   | $ | 434.2 |  |   | $ | (41.9 | ) |   | $ | 476.1 |  |   |
| Year Ended 2/1/15  |   | 344.3 |  |   | (57.1 | ) |   | 401.4 |  |   | — |  |   | 401.4 |  |   |
| % Change           |   |   |   |   |   | 8.2 | % |   |   |   | 18.6 | % |   |

|                    |
|--------------------|
|                    |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|               |   | Total Tommy Hilfiger Earnings Before Interest and Taxes |   |
|               |   | As Reported |   | Adjustments (1) |   | Non-GAAP Basis |   | Impact of Foreign Exchange |   | Constant Currency |   |
|               |   |   |   |   |   |   |
| Year Ended 1/31/16 |   | $ | 398.6 |  |   | $ | (3.2 | ) |   | $ | 401.8 |  |   | $ | (74.7 | ) |   | $ | 476.5 |  |   |
| Year Ended 2/1/15  |   | 504.1 |  |   | (5.3 | ) |   | 509.4 |  |   | — |  |   | 509.4 |  |   |
| % Change           |   |   |   |   |   | (21.1 | )% |   |   |   | (6.5 | )% |   |

----

|                    |
|--------------------|
|                    |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|               |   | Total Earnings Before Interest and Taxes |   |
|               |   | As Reported |   | Adjustments (1) |   | Non-GAAP Basis |   | Impact of Foreign Exchange |   | Constant Currency |   |
|               |   |   |   |   |   |   |
| Year Ended 1/31/16 |   | $ | 760.5 |  |   | $ | (81.0 | ) |   | $ | 841.5 |  |   | $ | (121.5 | ) |   | $ | 963.0 |  |   |
| Year Ended 2/1/15  |   | 529.9 |  |   | (390.7 | ) |   | 920.6 |  |   | — |  |   | 920.6 |  |   |
| % Change           |   |   |   |   |   | (8.6 | )% |   |   |   | 4.6 | % |   |

|            |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
|------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (1)   | Represents the impact from the elimination of (i) the costs incurred in the periods ended January 31, 2016 and February 1, 2015 in connection with the Company’s integration of Warnaco and the related restructuring; (ii) the costs incurred in the periods ended January 31, 2016 and February 1, 2015 in connection with the operation of and exit from the Izod retail business, including noncash impairment charges in 2014; (iii) the costs incurred in the periods ended January 31, 2016 principally in connection with the discontinuation of several licensed product lines in the Heritage Brands dress furnishings business; (iv) the costs incurred in the quarter ended January 31, 2016 in connection with licensing to G-III the Tommy Hilfiger womenswear wholesale business in the U.S. and Canada; (v) the gain recorded in the year ended January 31, 2016 on the equity investment in Karl Lagerfeld; (vi) the costs incurred in the periods ended February 1, 2015 in connection with the Company’s exit from a discontinued product line in the Tommy Hilfiger Japan business; (vii) the impairment recorded in the year ended February 1, 2015 of certain Tommy Hilfiger stores in North America; (viii) the costs incurred in the year ended February 1, 2015 related to the sale of the Bass business; (ix) the costs incurred in the year ended February 1, 2015 in connection with the amendment and restatement of the Company’s credit facility and the related redemption of its 7 3/8% notes due 2020; (x) the net gain recorded in the year ended February 1, 2015 on the deconsolidation of certain Calvin Klein subsidiaries in Australia and New Zealand and the previously consolidated Calvin Klein joint venture in India; and (xi) the actuarial gain (loss) on retirement plans recognized in the quarters ended January 31, 2016 and February 1, 2015, respectively. Please see Table 2 in the section entitled “Reconciliations of GAAP to Non-GAAP Amounts” for more detail. |

----

|                                                                                                                   |
|-------------------------------------------------------------------------------------------------------------------|
|                                                                                                                   |  |  |  |
| Net Income Per Common Share Reconciliations                                                                       |  | 2016 Guidance |
|                                                                                                                   | Full Year      2016(Estimated) | First Quarter2016(Estimated) |
|                                                                                                                   |  |  |  |
| GAAP net income per common share attributable to PVH Corp.                                                        |  | $6.05 - $6.25 | $1.33 - $1.38 |
| Estimated per common share impact of items identified as non-GAAP exclusions                                      |  | $(0.25) | $(0.07) |
| Net income per common share attributable to PVH Corp. excluding impact of items identified as non-GAAP exclusions |  | $6.30 - $6.50 | $1.40 - $1.45 |

----

|                                                                    |
|--------------------------------------------------------------------|
|                                                                    |  |  |  |  |  |  |  |  |
| 2016 Estimated Revenue on a Constant Currency Basis Reconciliation |   | Full Year 2016 (Estimated) (Consolidated) | Full Year 2016 (Estimated) (Calvin Klein) | Full Year 2016 (Estimated) (Tommy Hilfiger) |   | First Quarter 2016 (Estimated) (Consolidated) | First Quarter 2016 (Estimated) (Calvin Klein) | First Quarter 2016 (Estimated) (Tommy Hilfiger) |
|                                                               |   |   |   |   |   |   |   |   |
| GAAP revenue increase                                              |   | 1% | 4% | 2% |   | 1% | 8% | 1% |
| Impact of foreign exchange                                         |   | (1)% | (2)% | (1)% |   | (2)% | (4)% | (1)% |
| Non-GAAP revenue increase on a constant currency basis             |   | 2% | 6% | 3% |   | 3% | 12% | 2% |

|                                                               |
|---------------------------------------------------------------|
|                                                               |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                          |   | First Quarter 2015 |   |
|                                                          | (Actual) |   |
|                                                          | Results Under GAAP |   | Adjustments | (1)  | Non-GAAP Results |   |
|                                                          |   |   |   |   |   |   |   |
| Net income attributable to PVH Corp.                          |   | $ | 114.1 |  |   | $ | (10.6 | ) |   | $ | 124.7 |  |   |
| Total weighted average shares                                 |   | 83.4 |  |   |   |   | 83.4 |  |   |
|                                                          |   |   |   |   |   |   |   |
| Diluted net income per common share attributable to PVH Corp. |   | $ | 1.37 |  |   |   |   | $ | 1.50 |  |   |