|         |                                          |
|---------|------------------------------------------|
| • | 2018 revenue exceeded previous guidance: |

|         |                                                                                                                                                                                                                                      |
|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| ◦ | Fourth quarter revenue of $2.48 billion decreased 1% (increased 2% on a constant currency basis) compared to the prior year period, including a $125 million negative impact as a result of 2017 including an additional (53rd) week |

|         |                                                                                                                  |
|---------|------------------------------------------------------------------------------------------------------------------|
| ◦ | Record full year 2018 revenue of $9.66 billion increased 8% (also on a constant currency basis) compared to 2017 |

|         |               |
|---------|---------------|
| • | 2018 EPS was: |

|         |                                                          |
|---------|----------------------------------------------------------|
| ◦ | GAAP basis: $2.09 (fourth quarter) and $9.65 (full year) |

|         |                                                              |
|---------|--------------------------------------------------------------|
| ◦ | Non-GAAP basis: $1.84 (fourth quarter) and $9.60 (full year) |

|         |               |
|---------|---------------|
| • | 2019 outlook: |

|         |                                                                                                                               |
|---------|-------------------------------------------------------------------------------------------------------------------------------|
| ◦ | Revenue: Full year projected to increase approximately 4% (approximately 5% on a constant currency basis) as compared to 2018 |

|         |                                                                               |
|---------|-------------------------------------------------------------------------------|
| ◦ | GAAP basis EPS: $8.90 to $9.00 (full year) and $0.25 to $0.30 (first quarter) |

|         |                                                                                     |
|---------|-------------------------------------------------------------------------------------|
| ◦ | Non-GAAP basis EPS: $10.30 to $10.40 (full year) and $2.40 to $2.45 (first quarter) |

|         |                                                                                                                   |
|---------|-------------------------------------------------------------------------------------------------------------------|
| • | Board authorizes $750 million increase and extension to June 2023 of the Company’s stock repurchase program |

----

----

----

----

----

----

|         |                                                                                                                                                                                                                                                                                                                                                                                            |
|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | A 12% increase (10% increase on a constant currency basis) in the Tommy Hilfiger business compared to the prior year, driven principally by continued strong performance across all regions and channels. International comparable store sales on the shifted basis described above increased 13%. North America comparable store sales on the shifted basis described above increased 5%. |

|         |                                                                                                                                                                                                                                                                                                                                                                                             |
|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | An 8% increase (7% increase on a constant currency basis) in the Calvin Klein business compared to the prior year, driven by growth in Europe and Asia, as well as in the North America wholesale business. International comparable store sales on the shifted basis described above increased 5%. North America comparable store sales on the shifted basis described above increased 1%. |

----

|         |                                                                                                                                                     |
|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------|
| • | A 1% increase in the Heritage Brands business compared to the prior year. Comparable store sales on the shifted basis described above increased 1%. |

----

----

----

----

|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Pre-tax costs of approximately $130 million expected to be incurred in 2019 related to the Calvin Klein restructuring, primarily consisting of severance, noncash asset impairments, lease and other contract termination costs, and inventory markdowns, including as a result of the closure of the Company’s flagship store on Madison Avenue in New York, New York, of which $125 million is expected to be incurred in the first quarter. |

|         |                                                                                                                                                                                                                                                                                                                                            |
|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Pre-tax costs of approximately $60 million expected to be incurred in the first quarter of 2019 in connection with the closure of the Company’s TOMMY HILFIGER flagship and anchor stores in the United States, primarily consisting of severance, noncash asset impairments and lease and other contract termination costs. |

----

|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Net pre-tax gain of approximately $70 million expected to be recorded in 2019 in connection with the Australia acquisition and the TH CSAP acquisition, consisting of a noncash gain to write up the Company's equity investments in Gazal and PVH Australia to fair value, partially offset by pre-tax costs related to both pending acquisitions, primarily consisting of noncash valuation adjustments and amortization of short-lived assets. |

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

|         |                                                                                                                                                                                                                                                                                                                                                    |
|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Pre-tax costs of $24 million incurred in 2018 related to the TH China acquisition, consisting of noncash amortization of short-lived assets, of which $7 million was incurred in the first quarter, $7 million was incurred in the second quarter, $6 million was incurred in the third quarter and $4 million was incurred in the fourth quarter. |

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

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

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

|         |                                                                                                                        |
|---------|------------------------------------------------------------------------------------------------------------------------|
| • | Pre-tax costs of $83 million incurred in the fourth quarter of 2017 in connection with the Mr. Hilfiger amendment. |

|         |                                                                                                                                                                                                                                                                                                                                                  |
|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Pre-tax costs of $54 million incurred in the first quarter of 2017 in connection with the agreements to restructure the Company’s supply chain relationship with Li & Fung Trading Limited (“Li & Fung”), under which the Company terminated its non-exclusive buying agency agreement with Li & Fung during 2017. |

----

|         |                                                                                                                                                                                                                                                                                                                                     |
|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Pre-tax costs of $28 million incurred in the fourth quarter of 2017 in connection with the Company’s redemption and issuance of senior notes, including $24 million related to the early redemption of the $700 million 4 1/2% senior notes and $4 million related to the issuance of €600 million 3 1/8% senior notes. |

|         |                                                                                                                                                                                                                                                                                                                                                              |
|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Pre-tax costs of $27 million incurred in 2017 related to the TH China acquisition, primarily consisting of noncash amortization of short-lived assets, of which $7 million was incurred in the first quarter, $7 million was incurred in the second quarter, $6 million was incurred in the third quarter and $7 million was incurred in the fourth quarter. |

|         |                                                                                                                                                                                                                                                                                                                          |
|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Pre-tax costs of $19 million incurred in 2017 in connection with the relocation of the Tommy Hilfiger office in New York, including noncash depreciation expense, of which $7 million was incurred in the first quarter, $7 million was incurred in the second quarter and $5 million was incurred in the third quarter. |

|         |                                                                                                                                                                                                                                                                                                                              |
|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Pre-tax costs of $9 million incurred in the first quarter of 2017 in connection with the noncash settlement of certain of the Company’s benefit obligations related to its retirement plans as a result of an annuity purchased for certain participants, under which such obligations were transferred to an insurer. |

|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Pre-tax net costs of $8 million incurred in 2017 in connection with the consolidation within the Company’s warehouse and distribution network in North America, of which $2 million of costs were incurred in the first quarter, $6 million of costs were incurred in the second quarter, $3 million of costs were incurred in the third quarter and a net gain of $2 million was recorded in the fourth quarter, which included the impact of the sale of a warehouse and distribution center. |

|         |                                                                                                                                 |
|---------|---------------------------------------------------------------------------------------------------------------------------------|
| • | Pre-tax loss of $3 million recorded in the fourth quarter of 2017 related to the recognized actuarial loss on retirement plans. |

|         |                                                                                                                                                                                                                                  |
|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Discrete tax benefits of $23 million recorded in 2017 primarily related to the resolution of uncertain tax positions, of which $13 million was recorded in the third quarter and $10 million was recorded in the fourth quarter. |

|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Discrete net tax benefit of $53 million recorded in the fourth quarter of 2017 in connection with the U.S. Tax Legislation, consisting of a $265 million benefit primarily from the remeasurement of the Company’s net deferred tax liabilities, partially offset by a $38 million valuation allowance on the Company’s foreign tax credits and a $174 million transition tax on earnings of foreign subsidiaries deemed to be repatriated. |

----

|         |                                                                                                                                                                                                                                                                                                        |
|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Discrete tax benefit of $15 million recorded in the fourth quarter of 2017 related to an excess tax benefit from the exercise of stock options by the Company’s Chairman and Chief Executive Officer.                 |

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

----

----

----

----

----

----

----

----

|                                                                        |
|------------------------------------------------------------------------|
|                                                                        |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                   |   | Quarter Ended |   |   |   | Year Ended |   |   |
|                                                                   |   | 2/3/19 |   | 2/4/18 |   |   |   | 2/3/19 |   | 2/4/18 |   |   |
|                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net sales                                                              |   | $ | 2,360.1 |  |   | $ | 2,380.7 |  |   |   |   | $ | 9,154.2 |  |   | $ | 8,439.4 |  |   |   |
| Royalty revenue                                                        |   | 92.8 |  |   | 91.8 |  |   |   |   | 375.9 |  |   | 366.3 |  |   |   |
| Advertising and other revenue                                          |   | 31.1 |  |   | 26.4 |  |   |   |   | 126.7 |  |   | 109.1 |  |   |   |
| Total revenue                                                          |   | $ | 2,484.0 |  |   | $ | 2,498.9 |  |   |   |   | $ | 9,656.8 |  |   | $ | 8,914.8 |  |   |   |
|                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |
| Gross profit on net sales                                              |   | $ | 1,231.6 |  |   | $ | 1,250.8 |  |   |   |   | $ | 4,805.7 |  |   | $ | 4,419.0 |  |   |   |
| Gross profit on royalty, advertising and other revenue                 |   | 123.9 |  |   | 118.2 |  |   |   |   | 502.6 |  |   | 475.4 |  |   |   |
| Total gross profit                                                     |   | 1,355.5 |  |   | 1,369.0 |  |   |   |   | 5,308.3 |  |   | 4,894.4 |  |   |   |
|                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |
| Selling, general and administrative expenses                           |   | 1,217.0 |  |   | 1,290.8 |  |   |   |   | 4,432.8 |  |   | 4,245.2 |  |   |   |
|                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |
| Non-service related pension and postretirement cost                    |   | 12.9 |  |   | 0.6 |  |   |   |   | 5.1 |  |   | 3.0 |  |   |   |
|                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |
| Debt modification and extinguishment costs                             |   |  |  |   | 23.9 |  |   |   |   |  |  |   | 23.9 |  |   |   |
|                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |
| Equity in net income of unconsolidated affiliates                      |   | 8.1 |  |   | 4.3 |  |   |   |   | 21.3 |   | 10.1 |  |   |   |
|                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |
| Earnings before interest and taxes                                     |   | 133.7 |  |   | 58.0 |  |   |   |   | 891.7 |  |   | 632.4 |  |   |   |
|                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |
| Interest expense, net                                                  |   | 29.2 |  |   | 32.9 |  |   |   |   | 116.1 |  |   | 122.2 |  |   |   |
|                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |
| Pre-tax income                                                         |   | 104.5 |  |   | 25.1 |  |   |   |   | 775.6 |  |   | 510.2 |  |   |   |
|                                                                   |   |  |  |   |   |   |   |   |   |   |   |   |   |
| Income tax (benefit) expense                                           |   | (53.9 | ) |   | (82.8 | ) |   |   |   | 31.0 |  |   | (25.9 | ) |   |   |
|                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net income                                                             |   | 158.4 |  |   | 107.9 |  |   |   |   | 744.6 |  |   | 536.1 |   |   |
|                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |
| Less: Net loss attributable to redeemable non-controlling interest (1) |   | (0.3 | ) |   | (0.6 | ) |   |   |   | (1.8 | ) |   | (1.7 | ) |   |   |
|                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net income attributable to PVH Corp.                                   |   | $ | 158.7 |  |   | $ | 108.5 |  |   |   |   | $ | 746.4 |  |   | $ | 537.8 |  |   |   |
|                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |
| Diluted net income per common share attributable to PVH Corp. (2)      |   | $ | 2.09 |  |   | $ | 1.39 |  |   |   |   | $ | 9.65 |  |   | $ | 6.84 |  |   |   |
|                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                   |   | Quarter Ended |   |   |   | Year Ended |   |   |
|                                                                   |   | 2/3/19 |   | 2/4/18 |   |   |   | 2/3/19 |   | 2/4/18 |   |   |
|                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |
| Depreciation and amortization expense                                  |   | $ | 86.8 |  |   | $ | 85.9 |  |   |   |   | $ | 334.8 |  |   | $ | 324.9 |  |   |   |
|                                                                   |   |   |   |   |   |   |   |   |   |   |   |

|           |                                                                                                           |
|-----------|-----------------------------------------------------------------------------------------------------------|
| (1)  | The Company and Arvind Limited have a joint venture in Ethiopia in which the Company owns a 75% interest. |

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

----

|                                                                   |
|-------------------------------------------------------------------|
|                                                                   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                              |   | Quarter Ended |   |   |   | Year Ended |   |   |
|                                                              |   | 2/3/19 |   | 2/4/18 |   |   |   | 2/3/19 |   | 2/4/18 |   |   |
|                                                              |   |   |   |   |   |   |   |   |   |   |   |   |
| Non-GAAP Measures                                                 |   |   |   |   |   |   |   |   |   |   |   |   |
| Total gross profit (1)                                            |   | $ | 1,357.7 |  |   |  |  |   |   |   | $ | 5,310.5 |  |   |  |  |   |   |
| Selling, general and administrative expenses (2)                  |   | 1,174.8 |  |   | $ | 1,198.5 |  |   |   |   | 4,370.7 |  |   | $ | 4,049.8 |  |   |   |
| Non-service related pension and postretirement income (3)         |   | (2.1 | ) |   | (1.9 | ) |   |   |   | (9.9 | ) |   | (8.9 | ) |   |   |
| Debt modification and extinguishment costs (4)                    |   |  |  |   | — |  |   |   |   |  |  |   | — |  |   |   |
| Earnings before interest and taxes (5)                            |   | 193.1 |  |   | 176.7 |  |   |   |   | 971.0 |  |   | 863.6 |  |   |   |
| Income tax expense (6)                                            |   | 24.5 |  |   | 20.7 |  |   |   |   | 114.3 |  |   | 118.7 |  |   |   |
| Net income attributable to PVH Corp. (7)                          |   | 139.7 |  |   | 123.7 |  |   |   |   | 742.4 |  |   | 624.4 |  |   |   |
| Diluted net income per common share attributable to PVH Corp. (8) |   | $ | 1.84 |  |   | $ | 1.58 |  |   |   |   | $ | 9.60 |  |   | $ | 7.94 |  |   |   |
|                                                              |   |   |   |   |   |   |   |   |   |   |   |   |
| Depreciation and amortization expense (9)                         |   | $ | 83.1 |  |   | $ | 79.3 |  |   |   |   | $ | 311.2 |  |   | $ | 287.0 |  |   |   |
|                                                              |   |   |   |   |   |   |   |   |   |

----

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

----

|                                                                                                                                                                                                                            |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                                                            |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Table 1 - Reconciliations of GAAP net income to net income on a non-GAAP basis                                                                                                                                             |   |   |   |   |   |   |   |   |
|                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                                                                                       |   | Quarter Ended |   |   |   | Year Ended |   |   |
|                                                                                                                                                                                                                       |   | 2/3/19 |   | 2/4/18 |   |   |   | 2/3/19 |   | 2/4/18 |   |   |
|                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| Net income attributable to PVH Corp.                                                                                                                                                                                       |   | $ | 158.7 |  |   | $ | 108.5 |  |   |   |   | $ | 746.4 |  |   | $ | 537.8 |  |   |   |
|                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| Diluted net income per common share attributable to PVH Corp.(1)                                                                                                                                                           |   | $ | 2.09 |  |   | $ | 1.39 |  |   |   |   | $ | 9.65 |  |   | $ | 6.84 |  |   |   |
|                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| Pre-tax items excluded:                                                                                                                                                                                                    |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| Gross profit charges associated with the Calvin Klein restructuring (inventory markdowns)                                                                                                                                  |   | 2.2 |  |   |  |  |   |   |   | 2.2 |  |   |  |  |   |   |
|                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| SG&A expenses associated with the Mr. Hilfiger amendment                                                                                                                                                               |   |  |   | 82.9 |  |   |   |   |  |  |   | 82.9 |  |   |   |
|                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| SG&A expenses associated with the Li & Fung termination                                                                                                                                                            |   |  |   |  |   |   |   |  |  |   | 54.2 |  |   |   |
|                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| SG&A expenses associated with the Calvin Klein restructuring                                                                                                                                                           |   | 38.5 |  |   |  |   |   |   | 38.5 |  |   |  |   |   |
|                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| SG&A expenses associated with the TH China acquisition (primarily consisting of noncash amortization of short-lived assets)                                                                                            |   | 3.7 |  |   | 7.0 |  |   |   |   | 23.6 |  |   | 26.9 |  |   |   |
|                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| SG&A expenses associated with the relocation of the Tommy Hilfiger office in New York (including noncash depreciation expense)                                                                                         |   |  |   |  |   |   |   |  |   | 19.2 |  |   |   |
|                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| SG&A expenses associated with the consolidation within the Company’s warehouse and distribution network in North America, which included a gain recorded on the sale of a warehouse and distribution center      |   |  |   | (1.8 | ) |   |   |   |  |  |   | 8.0 |  |   |   |
|                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| SG&A expenses associated with the issuance of the Company’s €600 million 3 1/8% senior notes                                                                                                               |   |  |   | 4.2 |  |   |   |   |  |  |   | 4.2 |  |   |   |
|                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| Actuarial loss on retirement plans (recorded in non-service related pension and postretirement cost)                                                                                                                       |   | 15.0 |  |   | 2.5 |  |   |   |   | 15.0 |  |   | 2.5 |  |   |   |
|                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| Expenses associated with the noncash settlement of certain of the Company’s retirement plan benefit obligations (recorded in non-service related pension and postretirement cost)                                    |   |  |  |   |  |  |   |   |   |  |  |   | 9.4 |  |   |   |
|                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| Debt modification and extinguishment costs                                                                                                                                                                                 |   |  |   | 23.9 |  |   |   |   |  |  |   | 23.9 |  |   |   |
|                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| Tax effects of the above pre-tax items(2)                                                                                                                                                                                  |   | (12.6 | ) |   | (25.7 | ) |   |   |   | (17.5 | ) |   | (54.0 | ) |   |   |
|                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| Discrete tax benefits related to the resolution of uncertain tax positions                                                                                                                                                 |   |  |   | (9.8 | ) |   |   |   |  |   | (22.6 | ) |   |   |
|                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| Discrete net tax benefits related to the U.S. Tax Legislation                                                                                                                                                              |   | (24.7 | ) |   | (52.8 | ) |   |   |   | (24.7 | ) |   | (52.8 | ) |   |   |
|                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| Discrete tax benefit related to an excess tax benefit from the exercise of stock options by the Company’s Chairman and Chief Executive Officer                                                                       |   |  |   | (15.2 | ) |   |   |   |  |   | (15.2 | ) |   |   |
|                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| Discrete tax benefit related to the remeasurement of certain net deferred tax liabilities in connection with the 2019 Dutch Tax Plan                                                                                       |   | (41.1 | ) |   |  |   |   |   | (41.1 | ) |   |  |   |   |
|                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| Net income on a non-GAAP basis attributable to PVH Corp.                                                                                                                                                                   |   | $ | 139.7 |  |   | $ | 123.7 |  |   |   |   | $ | 742.4 |  |   | $ | 624.4 |  |   |   |
|                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| Diluted net income per common share on a non-GAAP basis attributable to PVH Corp.(1)                                                                                                                                       |   | $ | 1.84 |  |   | $ | 1.58 |  |   |   |   | $ | 9.60 |  |   | $ | 7.94 |  |   |   |
|                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| (1)   Please see Note A in Notes to the Consolidated GAAP Income Statements for the reconciliations of GAAP diluted net income per common share to diluted net income per common share on a non-GAAP basis. |
| (2)   Please see Table 7 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 |   |   |
|                                                                                                                                                                                                                  |   | 2/3/19 |   | 2/4/18 |   |   |   | 2/3/19 |   | 2/4/18 |   |   |
|                                                                                                                                                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |
| Earnings before interest and taxes                                                                                                                                                                                    |   | $ | 133.7 |  |   | $ | 58.0 |  |   |   |   | $ | 891.7 |  |   | $ | 632.4 |  |   |   |
|                                                                                                                                                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |
| Items excluded:                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |
| Gross profit charges associated with the Calvin Klein restructuring (inventory markdowns)                                                                                                                             |   | 2.2 |  |   |  |   |   |   | 2.2 |  |   |  |   |   |
|                                                                                                                                                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |
| SG&A expenses associated with the Mr. Hilfiger amendment                                                                                                                                                          |   |  |   | 82.9 |  |   |   |   |  |  |   | 82.9 |  |   |   |
|                                                                                                                                                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |
| SG&A expenses associated with the Li & Fung termination                                                                                                                                                       |   |  |   |  |   |   |   |  |  |   | 54.2 |  |   |   |
|                                                                                                                                                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |
| SG&A expenses associated with the Calvin Klein restructuring                                                                                                                                                      |   | 38.5 |  |   |  |   |   |   | 38.5 |  |   |  |   |   |
|                                                                                                                                                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |
| SG&A expenses associated with the TH China acquisition (primarily consisting of noncash amortization of short-lived assets)                                                                                       |   | 3.7 |  |   | 7.0 |  |   |   |   | 23.6 |  |   | 26.9 |  |   |   |
|                                                                                                                                                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |
| SG&A expenses associated with the relocation of the Tommy Hilfiger office in New York (including noncash depreciation expense)                                                                                    |   |  |   |  |   |   |   |  |  |   | 19.2 |  |   |   |
|                                                                                                                                                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |
| SG&A expenses associated with the consolidation within the Company’s warehouse and distribution network in North America, which included a gain recorded on the sale of a warehouse and distribution center |   |  |  |   | (1.8 | ) |   |   |   |  |  |   | 8.0 |  |   |   |
|                                                                                                                                                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |
| SG&A expenses associated with the issuance of the Company’s €600 million 3 1/8% senior notes                                                                                                          |   |  |   | 4.2 |  |   |   |   |  |  |   | 4.2 |  |   |   |
|                                                                                                                                                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |
| Actuarial loss on retirement plans (recorded in non-service related pension and postretirement cost)                                                                                                                  |   | 15.0 |  |   | 2.5 |  |   |   |   | 15.0 |  |   | 2.5 |  |   |   |
|                                                                                                                                                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |
| Expenses associated with the noncash settlement of certain of the Company’s retirement plan benefit obligations (recorded in non-service related pension and postretirement cost)                               |   |  |   |  |   |   |   |  |  |   | 9.4 |  |   |   |
|                                                                                                                                                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |
| Debt modification and extinguishment costs                                                                                                                                                                            |   |  |   | 23.9 |  |   |   |   |  |  |   | 23.9 |  |   |   |
|                                                                                                                                                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |
| Earnings before interest and taxes on a non-GAAP basis                                                                                                                                                                |   | $ | 193.1 |  |   | $ | 176.7 |  |   |   |   | $ | 971.0 |  |   | $ | 863.6 |  |   |   |
|                                                                                                                                                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |

|                                                                                           |
|-------------------------------------------------------------------------------------------|
|                                                                                           |  |  |  |  |  |  |  |  |  |  |  |  |
| Table 3 - Reconciliations of GAAP gross profit to gross profit on a non-GAAP basis        |   |   |   |
|                                                                                      |   |   |   |   |   |   |   |   |
|                                                                                      |   | Quarter Ended |   |   |   | Year Ended |   |   |
|                                                                                      |   | 2/3/19 |   |   |   | 2/3/19 |   |   |
|                                                                                      |   |   |   |   |   |   |   |   |
| Gross profit                                                                              |   | $ | 1,355.5 |  |   |   |   | $ | 5,308.3 |  |   |   |
|                                                                                      |   |   |   |   |   |   |   |   |
| Item excluded:                                                                            |   |   |   |   |   |   |   |   |
|                                                                                      |   |   |   |   |   |   |   |   |
| Gross profit charges associated with the Calvin Klein restructuring (inventory markdowns) |   | 2.2 |  |   |   |   | 2.2 |  |   |   |
|                                                                                      |   |   |   |   |   |   |   |   |
| Gross profit on a non-GAAP basis                                                          |   | $ | 1,357.7 |  |   |   |   | $ | 5,310.5 |  |   |   |
|                                                                                      |   |   |   |   |   |   |   |   |

----

|                                                                                                                                                                                                              |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                                              |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Table 4 - Reconciliations of GAAP SG&A expenses to SG&A expenses on a non-GAAP basis                                                                                                                 |   |   |
|                                                                                                                                                                                                         |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                                                                         |   | Quarter Ended |   |   |   | Year Ended |   |   |
|                                                                                                                                                                                                         |   | 2/3/19 |   | 2/4/18 |   |   |   | 2/3/19 |   | 2/4/18 |   |   |
|                                                                                                                                                                                                         |   |   |   |   |   |   |   |   |   |   |   |   |
| SG&A expenses                                                                                                                                                                                            |   | $ | 1,217.0 |  |   | $ | 1,290.8 |  |   |   |   | $ | 4,432.8 |  |   | $ | 4,245.2 |  |   |   |
|                                                                                                                                                                                                         |   |   |   |   |   |   |   |   |   |   |   |   |
| Items excluded:                                                                                                                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                                                                         |   |   |   |   |   |   |   |   |   |   |   |   |
| Expenses associated with the Mr. Hilfiger amendment                                                                                                                                                          |   |  |   | (82.9 | ) |   |   |   |  |  |   | (82.9 | ) |   |   |
|                                                                                                                                                                                                         |   |   |   |   |   |   |   |   |   |   |   |   |
| Expenses associated with the Li & Fung termination                                                                                                                                                       |   |  |   |  |   |   |   |  |  |   | (54.2 | ) |   |   |
|                                                                                                                                                                                                         |   |   |   |   |   |   |   |   |   |   |   |   |
| Expenses associated with the Calvin Klein restructuring                                                                                                                                                      |   | (38.5 | ) |   |  |  |   |   |   | (38.5 | ) |   |  |   |   |
|                                                                                                                                                                                                         |   |   |   |   |   |   |   |   |   |   |   |   |
| Expenses associated with the TH China acquisition (primarily consisting of noncash amortization of short-lived assets)                                                                                       |   | (3.7 | ) |   | (7.0 | ) |   |   |   | (23.6 | ) |   | (26.9 | ) |   |   |
|                                                                                                                                                                                                         |   |   |   |   |   |   |   |   |   |   |   |   |
| Expenses associated with the relocation of the Tommy Hilfiger office in New York (including noncash depreciation expense)                                                                                    |   |  |   |  |   |   |   |  |  |   | (19.2 | ) |   |   |
|                                                                                                                                                                                                         |   |   |   |   |   |   |   |   |   |   |   |   |
| Expenses associated with the consolidation within the Company’s warehouse and distribution network in North America, which included a gain recorded on the sale of a warehouse and distribution center |   |  |   | 1.8 |  |   |   |   |  |  |   | (8.0 | ) |   |   |
|                                                                                                                                                                                                         |   |   |   |   |   |   |   |   |   |   |   |   |
| Expenses associated with the issuance of the Company’s €600 million         3 1/8% senior notes                                                                                                  |   |  |  |   | (4.2 | ) |   |   |   |  |  |   | (4.2 | ) |   |   |
|                                                                                                                                                                                                         |   |   |   |   |   |   |   |   |   |   |   |   |
| SG&A expenses on a non-GAAP basis                                                                                                                                                                        |   | $ | 1,174.8 |  |   | $ | 1,198.5 |  |   |   |   | $ | 4,370.7 |  |   | $ | 4,049.8 |  |   |   |
|                                                                                                                                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |

|                                                                                                                                                                    |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                    |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Table 5 - Reconciliations of GAAP non-service related pension and postretirement cost to non-service related pension and postretirement income on a non-GAAP basis |   |   |
|                                                                                                                                                               |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                               |   | Quarter Ended |   |   |   | Year Ended |   |   |
|                                                                                                                                                               |   | 2/3/19 |   | 2/4/18 |   |   |   | 2/3/19 |   | 2/4/18 |   |   |
|                                                                                                                                                               |   |   |   |   |   |   |   |   |   |   |   |   |
| Non-service related pension and postretirement cost                                                                                                                |   | $ | 12.9 |  |   | $ | 0.6 |  |   |   |   | $ | 5.1 |  |   | $ | 3.0 |  |   |   |
|                                                                                                                                                               |   |   |   |   |   |   |   |   |   |   |   |   |
| Items excluded:                                                                                                                                                    |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                               |   |   |   |   |   |   |   |   |   |   |   |   |
| Actuarial loss on retirement plans                                                                                                                                 |   | (15.0 | ) |   | (2.5 | ) |   |   |   | (15.0 | ) |   | (2.5 | ) |   |   |
|                                                                                                                                                               |   |   |   |   |   |   |   |   |   |   |   |   |
| Expenses associated with the noncash settlement of certain of the Company’s retirement plan benefit obligations                                              |   |   |   |   |   |   |   |   |   | (9.4 | ) |   |   |
|                                                                                                                                                               |   |   |   |   |   |   |   |   |   |   |   |   |
| Non-service related pension and postretirement income on a non-GAAP basis                                                                                          |   | $ | (2.1 | ) |   | $ | (1.9 | ) |   |   |   | $ | (9.9 | ) |   | $ | (8.9 | ) |   |   |
|                                                                                                                                                                    |   |   |   |   |   |   |   |   |   |   |   |   |

|                                                                                                                                                |
|------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                |  |  |  |  |  |  |  |  |  |  |  |  |
| Table 6 - Reconciliations of GAAP debt modification and extinguishment costs to debt modification and extinguishment costs on a non-GAAP basis |   |   |
|                                                                                                                                           |   |   |   |   |   |   |   |   |
|                                                                                                                                           |   | Quarter Ended |   |   |   | Year Ended |   |   |
|                                                                                                                                           |   | 2/4/18 |   |   |   | 2/4/18 |   |   |
|                                                                                                                                           |   |   |   |   |   |   |   |   |
| Debt modification and extinguishment costs                                                                                                     |   | $ | 23.9 |  |   |   |   | $ | 23.9 |  |   |   |
|                                                                                                                                           |   |   |   |   |   |   |   |   |
| Item excluded:                                                                                                                                 |   |   |   |   |   |   |   |   |
|                                                                                                                                           |   |   |   |   |   |   |   |   |
| Costs incurred associated with the redemption of the Company’s $700 million 4 1/2% senior notes due 2022                                 |   | (23.9 | ) |   |   |   | (23.9 | ) |   |   |
|                                                                                                                                           |   |   |   |   |   |   |   |   |
| Debt modification and extinguishment costs on a non-GAAP basis                                                                                 |   | $ | — |  |   |   |   | $ | — |  |   |   |
|                                                                                                                                                |   |   |   |   |   |   |   |   |

----

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Table 7 - Reconciliations of GAAP income tax (benefit) expense to income tax expense on a non-GAAP basis                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   | Quarter Ended |   |   |   | Year Ended |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   | 2/3/19 |   | 2/4/18 |   |   |   | 2/3/19 |   | 2/4/18 |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   |   |   |   |   |   |   |   |   |   |   |   |
| Income tax (benefit) expense                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   | $ | (53.9 | ) |   | $ | (82.8 | ) |   |   |   | $ | 31.0 |  |   | $ | (25.9 | ) |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   |   |   |   |   |   |   |   |   |   |   |   |
| Items excluded:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   |   |   |   |   |   |   |   |   |   |   |   |
| Tax effects of pre-tax items identified as non-GAAP exclusions (1)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   | 12.6 |  |   | 25.7 |  |   |   |   | 17.5 |  |   | 54.0 |  |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   |   |   |   |   |   |   |   |   |   |   |   |
| Discrete tax benefits related to the resolution of uncertain tax positions                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |  |   | 9.8 |  |   |   |   |  |   | 22.6 |  |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   |   |   |   |   |   |   |   |   |   |   |   |
| Discrete net tax benefits related to the U.S. Tax Legislation                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   | 24.7 |  |   | 52.8 |  |   |   |   | 24.7 |  |   | 52.8 |  |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   |   |   |   |   |   |   |   |   |   |   |   |
| Discrete tax benefit related to an excess tax benefit from the exercise of stock options by the Company’s Chairman and Chief Executive Officer                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   |  |   | 15.2 |  |   |   |   |  |   | 15.2 |  |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   |   |   |   |   |   |   |   |   |   |   |   |
| Discrete tax benefit related to the remeasurement of certain net deferred tax liabilities in connection with the 2019 Dutch Tax Plan                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   | 41.1 |  |   |  |   |   |   | 41.1 |  |   |  |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   |   |   |   |   |   |   |   |   |   |   |   |
| Income tax expense on a non-GAAP basis                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   | $ | 24.5 |  |   | $ | 20.7 |  |   |   |   | $ | 114.3 |  |   | $ | 118.7 |  |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   |   |   |   |   |   |   |   |   |   |   |   |
| (1)  The estimated tax effects associated with the Company’s exclusions on a non-GAAP basis are based on the Company’s assessment of deductibility. In making this assessment, the Company evaluated each pre-tax item that it had identified above as a non-GAAP exclusion to determine if such item is taxable or tax deductible and, if so, in what jurisdiction the tax expense or tax deduction would occur. All of the pre-tax items identified as non-GAAP exclusions were identified as either primarily taxable or tax deductible, with the tax effect taken at the statutory income tax rate of the local jurisdiction, or as non-taxable or non-deductible, in which case the Company assumed no tax effect. |

|                                                                                                                                      |
|--------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                      |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Table 8 - Reconciliations of GAAP depreciation and amortization expense to depreciation and amortization expense on a non-GAAP basis |   |   |
|                                                                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                 |   | Quarter Ended |   |   |   | Year Ended |   |   |
|                                                                                                                                 |   | 2/3/19 |   | 2/4/18 |   |   |   | 2/3/19 |   | 2/4/18 |   |   |
|                                                                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |
| Depreciation and amortization expense                                                                                                |   | $ | 86.8 |  |   | $ | 85.9 |  |   |   |   | $ | 334.8 |  |   | $ | 324.9 |  |   |   |
|                                                                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |
| Items excluded:                                                                                                                      |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |
| Amortization of short-lived assets associated with the TH China acquisition                                                          |   | (3.7 | ) |   | (6.6 | ) |   |   |   | (23.6 | ) |   | (25.7 | ) |   |   |
|                                                                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |
| Depreciation associated with the relocation of the Tommy Hilfiger office in New York                                                 |   |  |   |  |  |   |   |   |  |   | (12.2 | ) |   |   |
|                                                                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |
| Depreciation and amortization expense on a non-GAAP basis                                                                            |   | $ | 83.1 |  |   | $ | 79.3 |  |   |   |   | $ | 311.2 |  |   | $ | 287.0 |  |   |   |
|                                                                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |

----

|                                                               |
|---------------------------------------------------------------|
|                                                               |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                          |   | Quarter Ended |   |   |   | Quarter Ended |
|                                                          |   | 2/3/19 |   |   |   | 2/4/18 |
|                                                          |   | GAAP |   |   |   | Non-GAAP |   |   |   | GAAP |   |   |   | Non-GAAP |   |
|                                                          |   | Results |   | Adjustments | (1)  | Results |   |   |   | Results |   | Adjustments | (2)  | Results |   |
|                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net income attributable to PVH Corp.                          |   | $ | 158.7 |  |   | $ | 19.0 |  |   | $ | 139.7 |  |   |   |   | $ | 108.5 |  |   | $ | (15.2 | ) |   | $ | 123.7 |  |   |
|                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Weighted average common shares                                |   | 75.6 |  |   |  |   | 75.6 |  |   |   |   | 77.1 |  |   |  |   | 77.1 |  |   |
| Weighted average dilutive securities                          |   | 0.5 |  |   |  |  |   | 0.5 |  |   |   |   | 1.2 |  |   |  |   | 1.2 |  |   |
| Total shares                                                  |   | 76.1 |  |   |   |   | 76.1 |  |   |   |   | 78.3 |  |   |   |   | 78.3 |  |   |
|                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Diluted net income per common share attributable to PVH Corp. |   | $ | 2.09 |  |   |   |   | $ | 1.84 |  |   |   |   | $ | 1.39 |  |   |   |   | $ | 1.58 |  |   |
|                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

|                                                               |
|---------------------------------------------------------------|
|                                                               |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                          |   | Year Ended |   |   |   | Year Ended |   |
|                                                          |   | 2/3/19 |   |   |   | 2/4/18 |   |
|                                                          |   | GAAP |   |   |   | Non-GAAP |   |   |   | GAAP |   |   |   | Non-GAAP |   |
|                                                          |   | Results |   | Adjustments | (1)  | Results |   |   |   | Results |   | Adjustments | (2)  | Results |   |
|                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net income attributable to PVH Corp.                          |   | $ | 746.4 |  |   | $ | 4.0 |  |   | $ | 742.4 |  |   |   |   | $ | 537.8 |  |   | $ | (86.6 | ) |   | $ | 624.4 |  |   |
|                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Weighted average common shares                                |   | 76.5 |  |   |  |   | 76.5 |  |   |   |   | 77.6 |  |   |  |   | 77.6 |  |   |
| Weighted average dilutive securities                          |   | 0.8 |  |   |  |   | 0.8 |  |   |   |   | 1.0 |  |   |  |   | 1.0 |  |   |
| Total shares                                                  |   | 77.3 |  |   |   |   | 77.3 |  |   |   |   | 78.6 |  |   |   |   | 78.6 |  |   |
|                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Diluted net income per common share attributable to PVH Corp. |   | $ | 9.65 |  |   |   |   | $ | 9.60 |  |   |   |   | $ | 6.84 |  |   |   |   | $ | 7.94 |  |   |
|                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

|           |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
|-----------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (1)  | Represents the impact on net income in the periods ended February 3, 2019 from the elimination of (i) the recognized actuarial loss on retirement plans; (ii) the costs related to the TH China acquisition, consisting of noncash amortization of short-lived assets; (iii) the costs related to the Calvin Klein restructuring; (iv) the tax effects associated with the foregoing pre-tax items; (v) the discrete net tax benefit associated with the U.S. Tax Legislation; and (vi) the discrete tax benefit related to the remeasurement of certain of the Company’s net deferred tax liabilities in connection with the 2019 Dutch Tax Plan. Please see Table 1 for the reconciliation of GAAP net income to net income on a non-GAAP basis. |

----

|                                                                                 |
|---------------------------------------------------------------------------------|
|                                                                                 |  |  |  |  |  |  |  |
|                                                                            | 2/3/19 |   | 2/4/18 |
| ASSETS                                                                          |   |   |   |
| Current Assets:                                                                 |   |   |   |
| Cash and Cash Equivalents                                                       | $ | 452.0 |  |   | $ | 493.9 |  |
| Receivables                                                                     | 803.8 |  |   | 696.4 |  |
| Inventories                                                                     | 1,732.4 |  |   | 1,591.3 |  |
| Other                                                                           | 250.4 |  |   | 249.2 |  |
| Total Current Assets                                                            | 3,238.6 |  |   | 3,030.8 |  |
| Property, Plant and Equipment                                                   | 984.5 |  |   | 899.8 |  |
| Goodwill and Other Intangible Assets                                            | 7,239.7 |  |   | 7,561.3 |  |
| Other Assets                                                                    | 400.9 |  |   | 393.8 |  |
|                                                                            | $ | 11,863.7 |  |   | $ | 11,885.7 |  |
|                                                                            |   |   |   |
| LIABILITIES, REDEEMABLE NON-CONTROLLING INTEREST AND STOCKHOLDERS’ EQUITY |
| Accounts Payable and Accrued Expenses                                           | $ | 1,881.1 |  |   | $ | 1,852.1 |  |
| Short-Term Borrowings                                                           | 12.8 |  |   | 19.5 |  |
| Current Portion of Long-Term Debt                                               | — |  |   | — |  |
| Other Liabilities                                                               | 1,322.4 |  |   | 1,414.4 |  |
| Long-Term Debt                                                                  | 2,819.4 |  |   | 3,061.3 |  |
| Redeemable Non-Controlling Interest                                             | 0.2 |  |   | 2.0 |  |
| Stockholders’ Equity                                                      | 5,827.8 |  |   | 5,536.4 |  |
|                                                                            | $ | 11,863.7 |  |   | $ | 11,885.7 |  |

----

|                               |
|-------------------------------|
|                               |  |  |  |  |  |  |  |  |  |  |  |
| PVH CORP.                     |   |   |   |   |   |   |   |
| Segment Data                  |   |   |   |   |   |   |   |
| (In millions)                 |   |   |   |   |   |   |   |
|                          |   |   |   |   |   |   |   |
| REVENUE BY SEGMENT            |   |   |   |   |   |   |   |
|                          |   | Quarter Ended |   |   |   | Quarter Ended |   |
|                          |   | 2/3/19 |   |   |   | 2/4/18 |   |
|                          |   |   |   |   |   |   |   |
| Tommy Hilfiger North America  |   |   |   |   |   |   |   |
| Net sales                     |   | $ | 422.7 |  |   |   |   | $ | 420.1 |  |   |
| Royalty revenue               |   | 19.5 |  |   |   |   | 15.1 |  |   |
| Advertising and other revenue |   | 4.9 |  |   |   |   | 4.0 |  |   |
| Total                         |   | 447.1 |  |   |   |   | 439.2 |  |   |
|                          |   |   |   |   |   |   |   |
| Tommy Hilfiger International  |   |   |   |   |   |   |   |
| Net sales                     |   | 702.1 |  |   |   |   | 686.1 |  |   |
| Royalty revenue               |   | 13.3 |  |   |   |   | 14.2 |  |   |
| Advertising and other revenue |   | 5.1 |  |   |   |   | 1.3 |  |   |
| Total                         |   | 720.5 |  |   |   |   | 701.6 |  |   |
|                          |   |   |   |   |   |   |   |
| Total Tommy Hilfiger          |   |   |   |   |   |   |   |
| Net sales                     |   | 1,124.8 |  |   |   |   | 1,106.2 |  |   |
| Royalty revenue               |   | 32.8 |  |   |   |   | 29.3 |  |   |
| Advertising and other revenue |   | 10.0 |  |   |   |   | 5.3 |  |   |
| Total                         |   | 1,167.6 |  |   |   |   | 1,140.8 |  |   |
|                          |   |   |   |   |   |   |   |
| Calvin Klein North America    |   |   |   |   |   |   |   |
| Net sales                     |   | 387.3 |  |   |   |   | 419.5 |  |   |
| Royalty revenue               |   | 31.7 |  |   |   |   | 33.4 |  |   |
| Advertising and other revenue |   | 11.3 |  |   |   |   | 11.6 |  |   |
| Total                         |   | 430.3 |  |   |   |   | 464.5 |  |   |
|                          |   |   |   |   |   |   |   |
| Calvin Klein International    |   |   |   |   |   |   |   |
| Net sales                     |   | 491.0 |  |   |   |   | 480.7 |  |   |
| Royalty revenue               |   | 22.7 |  |   |   |   | 22.9 |  |   |
| Advertising and other revenue |   | 8.9 |  |   |   |   | 8.6 |  |   |
| Total                         |   | 522.6 |  |   |   |   | 512.2 |  |   |
|                          |   |   |   |   |   |   |   |
| Total Calvin Klein            |   |   |   |   |   |   |   |
| Net sales                     |   | 878.3 |  |   |   |   | 900.2 |  |   |
| Royalty revenue               |   | 54.4 |  |   |   |   | 56.3 |  |   |
| Advertising and other revenue |   | 20.2 |  |   |   |   | 20.2 |  |   |
| Total                         |   | 952.9 |  |   |   |   | 976.7 |  |   |
|                          |   |   |   |   |   |   |   |
| Heritage Brands Wholesale     |   |   |   |   |   |   |   |
| Net sales                     |   | 292.5 |  |   |   |   | 306.5 |  |   |
| Royalty revenue               |   | 4.7 |  |   |   |   | 5.1 |  |   |
| Advertising and other revenue |   | 0.7 |  |   |   |   | 0.9 |  |   |
| Total                         |   | 297.9 |  |   |   |   | 312.5 |  |   |
|                          |   |   |   |   |   |   |   |
| Heritage Brands Retail        |   |   |   |   |   |   |   |
| Net sales                     |   | 64.5 |  |   |   |   | 67.8 |  |   |
| Royalty revenue               |   | 0.9 |  |   |   |   | 1.1 |  |   |
| Advertising and other revenue |   | 0.2 |  |   |   |   | 0.0 |  |   |
| Total                         |   | 65.6 |  |   |   |   | 68.9 |  |   |
|                          |   |   |   |   |   |   |   |
| Total Heritage Brands         |   |   |   |   |   |   |   |
| Net sales                     |   | 357.0 |  |   |   |   | 374.3 |  |   |
| Royalty revenue               |   | 5.6 |  |   |   |   | 6.2 |  |   |
| Advertising and other revenue |   | 0.9 |  |   |   |   | 0.9 |  |   |
| Total                         |   | 363.5 |  |   |   |   | 381.4 |  |   |
|                          |   |   |   |   |   |   |   |
| Total Revenue                 |   |   |   |   |   |   |   |
| Net sales                     |   | 2,360.1 |  |   |   |   | 2,380.7 |  |   |
| Royalty revenue               |   | 92.8 |  |   |   |   | 91.8 |  |   |
| Advertising and other revenue |   | 31.1 |  |   |   |   | 26.4 |  |   |
| Total                         |   | $ | 2,484.0 |  |   |   |   | $ | 2,498.9 |  |   |
|                          |   |   |   |   |   |   |   |

----

|                                               |
|-----------------------------------------------|
|                                               |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| PVH CORP.                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Segment Data (continued)                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| (In millions)                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| EARNINGS BEFORE INTEREST AND TAXES BY SEGMENT |   |   |   |   |
|                                          |   |   |   |   |   |   |   |
|                                          |   | Quarter Ended |   |   |   | Quarter Ended |   |
|                                          |   | 2/3/19 |   |   |   | 2/4/18 |   |
|                                          |   | Results |   |   |   |   |   |   |   | Results |   |   |   |   |   |
|                                          |   | Under |   |   |   | Non-GAAP |   |   |   | Under |   |   |   | Non-GAAP |   |
|                                          |   | GAAP |   | Adjustments(1) |   | Results |   |   |   | GAAP |   | Adjustments(2) |   | Results |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Tommy Hilfiger North America                  |   | $ | 54.2 |  |   |  |  |   | $ | 54.2 |  |   |   |   | $ | 10.0 |  |   | $ | (34.7 | ) |   | $ | 44.7 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Tommy Hilfiger International                  |   | 113.5 |  |   | $ | (3.7 | ) |   | 117.2 |  |   |   |   | 37.1 |  |   | (55.2 | ) |   | 92.3 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total Tommy Hilfiger                          |   | 167.7 |  |   | (3.7 | ) |   | 171.4 |  |   |   |   | 47.1 |  |   | (89.9 | ) |   | 137.0 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Calvin Klein North America                    |   | 12.2 |  |   | (18.9 | ) |   | 31.1 |  |   |   |   | 28.0 |  |   |  |  |   | 28.0 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Calvin Klein International                    |   | 31.5 |  |   | (21.8 | ) |   | 53.3 |  |   |   |   | 51.1 |  |   |  |  |   | 51.1 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total Calvin Klein                            |   | 43.7 |  |   | (40.7 | ) |   | 84.4 |  |   |   |   | 79.1 |  |   |  |  |   | 79.1 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Heritage Brands Wholesale                     |   | (6.8 | ) |   |  |  |   | (6.8 | ) |   |   |   | 7.5 |  |   |  |  |   | 7.5 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Heritage Brands Retail                        |   | (0.9 | ) |   |  |  |   | (0.9 | ) |   |   |   | 0.1 |  |   |  |  |   | 0.1 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total Heritage Brands                         |   | (7.7 | ) |   |  |  |   | (7.7 | ) |   |   |   | 7.6 |  |   |   |   | 7.6 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Corporate                                     |   | (70.0 | ) |   | (15.0 | ) |   | (55.0 | ) |   |   |   | (75.8 | ) |   | (28.8 | ) |   | (47.0 | ) |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total earnings before interest and taxes      |   | $ | 133.7 |  |   | $ | (59.4 | ) |   | $ | 193.1 |  |   |   |   | $ | 58.0 |  |   | $ | (118.7 | ) |   | $ | 176.7 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

|           |                                                                                                                                                                                                                                                                                                                         |
|-----------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (1)  | The adjustments for the quarter ended February 3, 2019 represent the elimination of (i) the recognized actuarial loss on retirement plans; (ii) the costs related to the TH China acquisition, consisting of noncash amortization of short-lived assets; and (iii) the costs related to the Calvin Klein restructuring. |

|           |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
|-----------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (2)  | The adjustments for the quarter ended February 4, 2018 represent the elimination of (i) the recognized actuarial loss on retirement plans; (ii) the costs related to the TH China acquisition, primarily consisting of noncash amortization of short-lived assets; (iii) the net gain recorded in connection with the consolidation within the Company’s warehouse and distribution network in North America, which included the impact of the sale of a warehouse and distribution center; (iv) the costs in connection with the Mr. Hilfiger amendment; (v) the costs in connection with the early redemption of the Company’s $700 million 4 1/2% senior notes; and (vi) the costs in connection with the issuance of the Company’s €600 million 3 1/8% senior notes. |

----

|                               |
|-------------------------------|
|                               |  |  |  |  |  |  |  |  |  |  |  |
| PVH CORP.                     |   |   |   |   |   |   |   |
| Segment Data (continued)      |   |   |   |   |   |   |   |
| (In millions)                 |   |   |   |   |   |   |   |
|                          |   |   |   |   |   |   |   |
| REVENUE BY SEGMENT            |   |   |   |   |   |   |   |
|                          |   | Year Ended |   |   |   | Year Ended |   |
|                          |   | 2/3/19 |   |   |   | 2/4/18 |   |
|                          |   |   |   |   |   |   |   |
| Tommy Hilfiger North America  |   |   |   |   |   |   |   |
| Net sales                     |   | $ | 1,574.3 |  |   |   |   | $ | 1,482.2 |  |   |
| Royalty revenue               |   | 76.2 |  |   |   |   | 68.9 |  |   |
| Advertising and other revenue |   | 18.7 |  |   |   |   | 16.7 |  |   |
| Total                         |   | 1,669.2 |  |   |   |   | 1,567.8 |  |   |
|                          |   |   |   |   |   |   |   |
| Tommy Hilfiger International  |   |   |   |   |   |   |   |
| Net sales                     |   | 2,599.7 |  |   |   |   | 2,268.0 |  |   |
| Royalty revenue               |   | 52.7 |  |   |   |   | 47.8 |  |   |
| Advertising and other revenue |   | 22.9 |  |   |   |   | 9.6 |  |   |
| Total                         |   | 2,675.3 |  |   |   |   | 2,325.4 |  |   |
|                          |   |   |   |   |   |   |   |
| Total Tommy Hilfiger          |   |   |   |   |   |   |   |
| Net sales                     |   | 4,174.0 |  |   |   |   | 3,750.2 |  |   |
| Royalty revenue               |   | 128.9 |  |   |   |   | 116.7 |  |   |
| Advertising and other revenue |   | 41.6 |  |   |   |   | 26.3 |  |   |
| Total                         |   | 4,344.5 |  |   |   |   | 3,893.2 |  |   |
|                          |   |   |   |   |   |   |   |
| Calvin Klein North America    |   |   |   |   |   |   |   |
| Net sales                     |   | 1,599.9 |  |   |   |   | 1,511.3 |  |   |
| Royalty revenue               |   | 143.6 |  |   |   |   | 146.4 |  |   |
| Advertising and other revenue |   | 49.8 |  |   |   |   | 50.1 |  |   |
| Total                         |   | 1,793.3 |  |   |   |   | 1,707.8 |  |   |
|                          |   |   |   |   |   |   |   |
| Calvin Klein International    |   |   |   |   |   |   |   |
| Net sales                     |   | 1,827.9 |  |   |   |   | 1,645.0 |  |   |
| Royalty revenue               |   | 78.9 |  |   |   |   | 80.0 |  |   |
| Advertising and other revenue |   | 31.1 |  |   |   |   | 28.8 |  |   |
| Total                         |   | 1,937.9 |  |   |   |   | 1,753.8 |  |   |
|                          |   |   |   |   |   |   |   |
| Total Calvin Klein            |   |   |   |   |   |   |   |
| Net sales                     |   | 3,427.8 |  |   |   |   | 3,156.3 |  |   |
| Royalty revenue               |   | 222.5 |  |   |   |   | 226.4 |  |   |
| Advertising and other revenue |   | 80.9 |  |   |   |   | 78.9 |  |   |
| Total                         |   | 3,731.2 |  |   |   |   | 3,461.6 |  |   |
|                          |   |   |   |   |   |   |   |
| Heritage Brands Wholesale     |   |   |   |   |   |   |   |
| Net sales                     |   | 1,293.2 |  |   |   |   | 1,274.4 |  |   |
| Royalty revenue               |   | 20.5 |  |   |   |   | 19.5 |  |   |
| Advertising and other revenue |   | 3.7 |  |   |   |   | 3.5 |  |   |
| Total                         |   | 1,317.4 |  |   |   |   | 1,297.4 |  |   |
|                          |   |   |   |   |   |   |   |
| Heritage Brands Retail        |   |   |   |   |   |   |   |
| Net sales                     |   | 259.2 |  |   |   |   | 258.5 |  |   |
| Royalty revenue               |   | 4.0 |  |   |   |   | 3.7 |  |   |
| Advertising and other revenue |   | 0.5 |   |   |   | 0.4 |  |   |
| Total                         |   | 263.7 |  |   |   |   | 262.6 |  |   |
|                          |   |   |   |   |   |   |   |
| Total Heritage Brands         |   |   |   |   |   |   |   |
| Net sales                     |   | 1,552.4 |  |   |   |   | 1,532.9 |  |   |
| Royalty revenue               |   | 24.5 |  |   |   |   | 23.2 |  |   |
| Advertising and other revenue |   | 4.2 |  |   |   |   | 3.9 |  |   |
| Total                         |   | 1,581.1 |  |   |   |   | 1,560.0 |  |   |
|                          |   |   |   |   |   |   |   |
| Total Revenue                 |   |   |   |   |   |   |   |
| Net sales                     |   | 9,154.2 |  |   |   |   | 8,439.4 |  |   |
| Royalty revenue               |   | 375.9 |  |   |   |   | 366.3 |  |   |
| Advertising and other revenue |   | 126.7 |  |   |   |   | 109.1 |  |   |
| Total                         |   | $ | 9,656.8 |  |   |   |   | $ | 8,914.8 |  |   |
|                          |   |   |   |   |   |   |   |

----

|                                               |
|-----------------------------------------------|
|                                               |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| PVH CORP.                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Segment Data (continued)                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| (In millions)                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| EARNINGS BEFORE INTEREST AND TAXES BY SEGMENT |   |   |   |   |
|                                          |   |   |   |   |   |   |   |
|                                          |   | Year Ended |   |   |   | Year Ended |   |
|                                          |   | 2/3/19 |   |   |   | 2/4/18 |   |
|                                          |   | Results |   |   |   |   |   |   |   | Results |   |   |   |   |   |
|                                          |   | Under |   |   |   | Non-GAAP |   |   |   | Under |   |   |   | Non-GAAP |   |
|                                          |   | GAAP |   | Adjustments(1) |   | Results |   |   |   | GAAP |   | Adjustments(2) |   | Results |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Tommy Hilfiger North America                  |   | $ | 233.8 |  |   |  |  |   | $ | 233.8 |  |   |   |   | $ | 97.0 |  |   | $ | (85.2 | ) |   | $ | 182.2 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Tommy Hilfiger International                  |   | 377.1 |  |   | $ | (23.6 | ) |   | 400.7 |  |   |   |   | 221.5 |  |   | (98.0 | ) |   | 319.5 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total Tommy Hilfiger                          |   | 610.9 |  |   | (23.6 | ) |   | 634.5 |  |   |   |   | 318.5 |  |   | (183.2 | ) |   | 501.7 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Calvin Klein North America                    |   | 166.7 |  |   | (18.9 | ) |   | 185.6 |  |   |   |   | 184.0 |  |   |  |  |   | 184.0 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Calvin Klein International                    |   | 211.5 |  |   | (21.8 | ) |   | 233.3 |  |   |   |   | 226.5 |  |   |  |  |   | 226.5 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total Calvin Klein                            |   | 378.2 |  |   | (40.7 | ) |   | 418.9 |  |   |   |   | 410.5 |  |   |  |  |   | 410.5 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Heritage Brands Wholesale                     |   | 83.3 |  |   |  |  |   | 83.3 |  |   |   |   | 96.7 |  |   |  |  |   | 96.7 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Heritage Brands Retail                        |   | 7.4 |  |   |  |  |   | 7.4 |  |   |   |   | 7.6 |  |   |  |  |   | 7.6 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total Heritage Brands                         |   | 90.7 |  |   |  |  |   | 90.7 |  |   |   |   | 104.3 |  |   |  |  |   | 104.3 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Corporate                                     |   | (188.1 | ) |   | (15.0 | ) |   | (173.1 | ) |   |   |   | (200.9 | ) |   | (48.0 | ) |   | (152.9 | ) |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total earnings before interest and taxes      |   | $ | 891.7 |  |   | $ | (79.3 | ) |   | $ | 971.0 |  |   |   |   | $ | 632.4 |  |   | $ | (231.2 | ) |   | $ | 863.6 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

|           |                                                                                                                                                                                                                                                                                                                      |
|-----------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (1)  | The adjustments for the year ended February 3, 2019 represent the elimination of (i) the recognized actuarial loss on retirement plans; (ii) the costs related to the TH China acquisition, consisting of noncash amortization of short-lived assets; and (iii) the costs related to the Calvin Klein restructuring. |

|           |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
|-----------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (2)  | The adjustments for the year ended February 4, 2018 represent the elimination of (i) the recognized actuarial loss on retirement plans; (ii) the costs related to the TH China acquisition, primarily consisting of noncash amortization of short-lived assets; (iii) the costs in connection with the Li & Fung termination; (iv) the costs in connection with the relocation of the Tommy Hilfiger office in New York, including noncash depreciation expense; (v) the costs in connection with the noncash settlement of certain of the Company’s benefit obligations related to its retirement plans as a result of an annuity purchased for certain participants, under which such obligations were transferred to an insurer; (vi) the net costs in connection with the consolidation within the Company’s warehouse and distribution network in North America, which included a gain recorded on the sale of a warehouse and distribution center; (vii) the costs in connection with the Mr. Hilfiger amendment; (viii) the costs in connection with the early redemption of the Company’s $700 million 4 1/2% senior notes; and (ix) the costs in connection with the issuance of the Company’s €600 million 3 1/8% senior notes. |

----

|                              |
|------------------------------|
|                              |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                         |   | GAAP Revenue |   | % Change |
|                         |   | Quarter Ended |   | GAAP |   | Negative Impact of Foreign Exchange |   | Constant Currency |
|                         |   | 2/3/19 |   | 2/4/18 |   |   |   |
|                         |   |   |   |   |   |   |   |   |   |   |
| Tommy Hilfiger North America |   | $ | 447.1 |  |   | $ | 439.2 |  |   | 1.8 |  % |   | (0.6 | )% |   | 2.4 |  % |
| Tommy Hilfiger International |   | 720.5 |  |   | 701.6 |  |   | 2.7 |  % |   | (4.2 | )% |   | 6.9 |  % |
| Total Tommy Hilfiger         |   | 1,167.6 |  |   | 1,140.8 |  |   | 2.3 |  % |   | (2.9 | )% |   | 5.2 |  % |
|                         |   |   |   |   |   |   |   |   |   |   |
| Calvin Klein North America   |   | $ | 430.3 |  |   | $ | 464.5 |  |   | (7.4 | )% |   | (0.6 | )% |   | (6.8 | )% |
| Calvin Klein International   |   | 522.6 |  |   | 512.2 |  |   | 2.0 |  % |   | (4.4 | )% |   | 6.4 |  % |
| Total Calvin Klein           |   | 952.9 |  |   | 976.7 |  |   | (2.4 | )% |   | (2.5 | )% |   | 0.1 |  % |
|                         |   |   |   |   |   |   |   |   |   |   |
| Total Revenue                |   | $ | 2,484.0 |  |   | $ | 2,498.9 |  |   | (0.6 | )% |   | (2.4 | )% |   | 1.8 |  % |

|                      |
|----------------------|
|                      |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                 |   | GAAP Revenue |   | % Change |
|                 |   | Year Ended |   | GAAP |   | Positive Impact of Foreign Exchange |   | Constant Currency |
|                 |   | 2/3/19 |   | 2/4/18 |   |   |   |
|                 |   |   |   |   |   |   |   |   |   |   |
| Total Tommy Hilfiger |   | $ | 4,344.5 |  |   | $ | 3,893.2 |  |   | 11.6 | % |   | 1.3 | % |   | 10.3 | % |
|                 |   |   |   |   |   |   |   |   |   |   |
| Total Calvin Klein   |   | $ | 3,731.2 |  |   | $ | 3,461.6 |  |   | 7.8 | % |   | 0.4 | % |   | 7.4 | % |
|                 |   |   |   |   |   |   |   |   |   |   |
| Total Revenue        |   | $ | 9,656.8 |  |   | $ | 8,914.8 |  |   | 8.3 | % |   | 0.6 | % |   | 7.7 | % |

----

|                                                                              |
|------------------------------------------------------------------------------|
|                                                                              |  |  |  |
| 2019 Net Income Per Common Share Reconciliations                             |  | Current Guidance |
|                                                                              | Full Year2019(Estimated) | First Quarter2019(Estimated) |
|                                                                              |  |  |  |
| GAAP net income per common share attributable to PVH Corp.                   |  | $8.90 - $9.00 | $0.25 - $0.30 |
| Estimated per common share impact of items identified as non-GAAP exclusions |  | $(1.40) | $(2.15) |
| Net income per common share attributable to PVH Corp. on a non-GAAP basis    |  | $10.30 - $10.40 | $2.40 - $2.45 |

|                                                                         |
|-------------------------------------------------------------------------|
|                                                                         |  |  |  |  |
| 2019 Tax Rate Reconciliations                                           |   | Full Year 2019 (Estimated) |   | First Quarter 2019  (Estimated) |
|                                                                    |   |   |   |   |
| GAAP tax rate                                                           |   | 15% to 16% |   | 55% to 60% |
| Estimated tax rate impacts from items identified as non-GAAP exclusions |   | 0.5% |   | 34% to 38% |
| Tax rate on a non-GAAP basis                                            |   | 14.5% to 15.5% |   | 21% to 22% |

----

|                                                        |
|--------------------------------------------------------|
|                                                        |  |  |  |  |  |  |  |  |
| 2019 Constant Currency Revenue Reconciliations         |
|                                                   |   | Full Year 2019 (Estimated) (Consolidated) | Full Year 2019 (Estimated) (Tommy Hilfiger) | Full Year 2019 (Estimated) (Calvin Klein) |   | First Quarter 2019 (Estimated) (Consolidated) | First Quarter 2019 (Estimated) (Tommy Hilfiger) | First Quarter 2019 (Estimated) (Calvin Klein) |
|                                                   |   |   |   |   |   |   |   |   |
| GAAP revenue increase                                  |   | 4% | 6% | 2% |   | 2% | 4% | 1% |
| Negative impact of foreign exchange                    |   | (1)% | (2)% | (1)% |   | (4)% | (6)% | (4)% |
| Non-GAAP revenue increase on a constant currency basis |   | 5% | 8% | 3% |   | 6% | 10% | 5% |

|                                                                                                                                               |
|-----------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                               |  |  |  |  |  |  |  |  |  |  |  |  |
| Reconciliation of GAAP Diluted Net Income Per Common Share to Diluted Net Income Per Common Share on a Non-GAAP Basis(Net Income in millions) |
|                                                                                                                                          |   | First Quarter 2018 |
|                                                                                                                                          |   | (Actual) |
| (In millions, except per share data)                                                                                                          |   | Results Under GAAP |   | Adjustments | (1)  | Non-GAAP Results |
|                                                                                                                                          |   |   |   |   |   |   |
| Net income                                                                                                                                    |   | $ | 179.4 |  |   | $ | (5.4 | ) |   | $ | 184.8 |  |
| Total weighted average shares                                                                                                                 |   | 78.2 |  |   |   |   | 78.2 |  |
|                                                                                                                                          |   |   |   |   |   |   |
| Diluted net income per common share                                                                                                           |   | $ | 2.29 |  |   |   |   | $ | 2.36 |  |