|         |                                                                                                             |
|---------|-------------------------------------------------------------------------------------------------------------|
| • | THIRD QUARTER NON-GAAP EPS WAS $2.56, EXCEEDING GUIDANCE OF $2.45 - $2.50; THIRD QUARTER GAAP EPS WAS $2.71 |

|         |                                                                                                         |
|---------|---------------------------------------------------------------------------------------------------------|
| • | GIVEN UNFAVORABLE FOREIGN EXCHANGE RATES, FULL YEAR 2014 NON-GAAP EPS GUIDANCE REVISED TO $7.25 - $7.30 |

|         |                                                                                                                                 |
|---------|---------------------------------------------------------------------------------------------------------------------------------|
| • | Earnings per share on a non-GAAP basis was $2.56, an 11% increase as compared to $2.30 in the prior year’s third quarter. |

|         |                                                                                                                 |
|---------|-----------------------------------------------------------------------------------------------------------------|
| • | GAAP earnings per share was $2.71, a 14% increase as compared to $2.37 in the prior year’s third quarter. |

----

|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Revenue was $2.23 billion, a 2% increase over the prior year’s third quarter amount excluding $67 million of revenue related to the Bass business (which was sold on the first day of the fourth quarter of 2013). Third quarter 2014 revenue was negatively impacted by approximately $30 million, or 1%, due to foreign currency translation. Revenue decreased 1% from the prior year period including the Bass revenue. Revenue changes by business from the prior year period included (i) a 2% increase in the Calvin Klein business, which includes a 1% negative impact from foreign currency translation; (ii) a 1% increase in the Tommy Hilfiger business, which includes a 2% negative impact from foreign currency translation; and (iii) a 3% increase in the Heritage Brands business excluding the $67 million of 2013 Bass revenue, or a 10% decrease in the Heritage Brands business including the 2013 Bass revenue. |

----

----

----

|         |                                                                                                                                                                             |
|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | A 2%, or $48 million, increase on a non-GAAP basis in the Calvin Klein business, driven principally by the ten additional days of operations in 2014 of the acquired Calvin |

----

|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | A 5%, or $131 million, increase in the Tommy Hilfiger business. Tommy Hilfiger North America revenue increased 5%, principally due to low single-digit wholesale growth, retail comparable store sales growth of 2% and square footage expansion in Company-operated stores. Tommy Hilfiger International revenue increased 5%, driven principally by European retail comparable store sales growth of 1% and square footage expansion in Company-operated stores. Also contributing to the international revenue growth was the net positive impact of foreign currency translation for the nine month period, despite the Euro weakness experienced in the third quarter. |

|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Relatively flat revenue in the Heritage Brands business compared to the prior year period excluding $176 million of revenue related to the Bass business, as low single-digit growth in the wholesale business was offset by a 7% comparable store sales decline in the Company’s retail stores. Including the Bass revenue in 2013, revenue decreased 11%, or $171 million, to $1.35 billion from $1.52 billion in the prior year period. |

|         |                                                                                                                           |
|---------|---------------------------------------------------------------------------------------------------------------------------|
| • | A $35 million decline in the Calvin Klein business, driven principally by investments in the acquired Warnaco businesses. |

|         |                                                                                                                                                                  |
|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | A $27 million increase in the Tommy Hilfiger business, principally attributable to the revenue increase mentioned above, combined with gross margin improvement. |

|         |                                                                                                                                                                                                                                                    |
|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | A $31 million decline in the Heritage Brands business, principally attributable to the revenue decrease discussed above, combined with a gross margin decline resulting from increased promotional activity in order to drive traffic and revenue. |

----

----

----

|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Pre-tax costs of approximately $131 million expected to be incurred in 2014 in connection with (i) the integration of Warnaco and the related restructuring, including a pre-tax gain resulting from the deconsolidation of certain Calvin Klein subsidiaries in Australia and New Zealand and the previously consolidated Calvin Klein joint venture in India; (ii) the sale of the Bass business, which closed in the fourth quarter of 2013 (as certain costs related to the sale were incurred in 2014); and (iii) the impairment of certain Tommy Hilfiger stores in North America in the second quarter of 2014. Of the total expected costs, $26 million was incurred in the first quarter, $46 million was incurred in the second quarter, $29 million was incurred in the third quarter and approximately $30 million is expected to be incurred in the fourth quarter. |

----

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

|         |                                                                                                                                                                                                                                                                    |
|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Discrete tax benefits of $55 million in 2014 primarily related to various Warnaco integration activities and the resolution of uncertain tax positions, of which $30 million was recorded in the second quarter and $25 million was recorded in the third quarter. |

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

|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Pre-tax costs of $511 million incurred in 2013 in connection with the acquisition, integration and related restructuring of Warnaco, including costs associated with the debt modification and extinguishment completed at the time of the Warnaco acquisition, and the sales returns mentioned above, of which $224 million was incurred in the first quarter, $128 million was incurred in the second quarter, $61 million was incurred in the third quarter and $99 million was incurred in the fourth quarter. Approximately $215 million of the acquisition, integration and related restructuring charges incurred in 2013 were non-cash charges, the majority of which were short-lived valuation adjustments and amortization. |

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

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

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

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

|         |                                                                                                                                                                            |
|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | A net tax expense of $5 million recorded in 2013 associated with various Warnaco integration activities and various adjustments to liabilities for changes in estimates in |

----

|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | 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 |   |   |   | Nine Months Ended |   |   |
|                                                                        |   | 11/2/14 |   | 11/3/13 |   |   |   | 11/2/14 |   | 11/3/13 |   |   |
|                                                                        |   |   |   |   |   |   |   |   |   |   |   |   |
| Net sales                                                                   |   | $ | 2,114.0 |  |   | $ | 2,145.1 |  |   |   |   | $ | 5,876.0 |  |   | $ | 5,852.6 |  |   |   |
| Royalty revenue                                                             |   | 89.3 |  |   | 85.5 |  |   |   |   | 224.0 |  |   | 215.1 |  |   |   |
| Advertising and other revenue                                               |   | 29.8 |  |   | 28.5 |  |   |   |   | 72.4 |  |   | 66.4 |  |   |   |
| Total revenue                                                               |   | $ | 2,233.1 |  |   | $ | 2,259.1 |  |   |   |   | $ | 6,172.4 |  |   | $ | 6,134.1 |  |   |   |
|                                                                        |   |   |   |   |   |   |   |   |   |   |   |   |
| Gross profit on net sales                                                   |   | $ | 1,048.4 |  |   | $ | 1,057.8 |  |   |   |   | $ | 2,959.0 |  |   | $ | 2,868.3 |  |   |   |
| Gross profit on royalty, advertising and other revenue                      |   | 119.1 |  |   | 114.0 |  |   |   |   | 296.4 |  |   | 281.5 |  |   |   |
| Total gross profit                                                          |   | 1,167.5 |  |   | 1,171.8 |  |   |   |   | 3,255.4 |  |   | 3,149.8 |  |   |   |
|                                                                        |   |   |   |   |   |   |   |   |   |   |   |   |
| Selling, general and administrative expenses                                |   | 892.9 |  |   | 927.4 |  |   |   |   | 2,647.8 |  |   | 2,764.0 |  |   |   |
|                                                                        |   |   |   |   |   |   |   |   |   |   |   |   |
| Debt modification and extinguishment costs                                  |   |   |   |   |   |   |   | 93.1 |  |   | 40.4 |  |   |   |
|                                                                        |   |   |   |   |   |   |   |   |   |   |   |   |
| Equity in income of unconsolidated affiliates, net                          |   | 5.3 |  |   | 4.9 |  |   |   |   | 9.2 |  |   | 8.0 |  |   |   |
|                                                                        |   |   |   |   |   |   |   |   |   |   |   |   |
| Earnings before interest and taxes                                          |   | 279.9 |  |   | 249.3 |  |   |   |   | 523.7 |  |   | 353.4 |  |   |   |
|                                                                        |   |   |   |   |   |   |   |   |   |   |   |   |
| Interest expense, net                                                       |   | 32.1 |  |   | 46.0 |  |   |   |   | 106.5 |  |   | 139.3 |  |   |   |
|                                                                        |   |   |   |   |   |   |   |   |   |   |   |   |
| Pre-tax income                                                              |   | 247.8 |  |   | 203.3 |  |   |   |   | 417.2 |  |   | 214.1 |  |   |   |
|                                                                        |   |  |  |   |   |   |   |   |   |   |   |   |   |
| Income tax expense                                                          |   | 22.1 |  |   | 6.7 |  |   |   |   | 29.8 |  |   | 33.1 |  |   |   |
|                                                                        |   |   |   |   |   |   |   |   |   |   |   |   |
| Net income                                                                  |   | 225.7 |  |   | 196.6 |  |   |   |   | 387.4 |  |   | 181.0 |  |   |   |
|                                                                        |   |   |   |   |   |   |   |   |   |   |   |   |
| Less: Net (loss) income attributable to redeemable non-controlling interest |   |   |   | (0.1) |  |   |   |   | (0.1 | ) |   | 0.0 |  |   |   |
|                                                                        |   |   |   |   |   |   |   |   |   |   |   |   |
| Net income attributable to PVH Corp.                                        |   | $ | 225.7 |  |   | $ | 196.7 |  |   |   |   | $ | 387.5 |  |   | $ | 181.0 |  |   |   |
|                                                                        |   |   |   |   |   |   |   |   |   |   |   |   |
| Diluted net income per common share attributable to PVH Corp.(1)            |   | $ | 2.71 |  |   | $ | 2.37 |  |   |   |   | $ | 4.66 |  |   | $ | 2.19 |  |   |   |
|                                                                        |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                        |   | Quarter Ended |   |   |   | Nine Months Ended |   |   |
|                                                                        |   | 11/2/14 |   | 11/3/13 |   |   |   | 11/2/14 |   | 11/3/13 |   |   |
|                                                                        |   |   |   |   |   |   |   |   |   |   |   |   |
| Depreciation and amortization expense                                       |   | $ | 60.3 |  |   | $ | 61.7 |  |   |   |   | $ | 181.4 |  |   | $ | 243.1 |  |   |   |
|                                                                        |   |   |   |   |   |   |   |   |   |   |   |

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

----

|                                                                  |
|------------------------------------------------------------------|
|                                                                  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                             |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                             |   | Quarter Ended |   |   |   | Nine Months Ended |   |   |
|                                                             |   | 11/2/14 |   | 11/3/13 |   |   |   | 11/2/14 |   | 11/3/13 |   |   |
|                                                             |   |   |   |   |   |   |   |   |   |   |   |   |
| Non-GAAP Measures                                                |   |   |   |   |   |   |   |   |   |   |   |   |
| Total revenue(1)                                                 |   |  |  |   |  |  |   |   |   |  |  |   | $ | 6,164.1 |  |   |   |
| Total gross profit(2)                                            |   | $ | 1,170.4 |  |   | $ | 1,168.2 |  |   |   |   | $ | 3,259.3 |  |   | 3,226.6 |  |   |   |
| Selling, general and administrative expenses(3)                  |   | 866.7 |  |   | 867.6 |  |   |   |   | 2,550.7 |  |   | 2,474.5 |  |   |   |
| Earnings before interest and taxes(4)                            |   | 309.0 |  |   | 305.5 |  |   |   |   | 717.8 |  |   | 760.1 |  |   |   |
| Interest expense, net(5)                                         |   |  |  |   |  |  |   |   |   |  |  |   | 138.5 |  |   |   |
| Income tax expense(6)                                            |   | 63.8 |  |   | 68.7 |  |   |   |   | 150.7 |  |   | 159.6 |  |   |   |
| Net income attributable to PVH Corp.(7)                          |   | 213.1 |  |   | 190.9 |  |   |   |   | 460.7 |  |   | 462.0 |  |   |   |
| Diluted net income per common share attributable to PVH Corp.(8) |   | $ | 2.56 |  |   | $ | 2.30 |  |   |   |   | $ | 5.54 |  |   | $ | 5.60 |  |   |   |
|                                                             |   |   |   |   |   |   |   |   |   |   |   |   |
| Depreciation and amortization expense(9)                         |   | $ | 59.0 |  |   | $ | 52.4 |  |   |   |   | $ | 177.1 |  |   | $ | 162.7 |  |   |   |
|                                                             |   |   |   |   |   |   |   |   |   |

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

----

|                                                                                                                                                                                                                            |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                                                            |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Table 1 - Reconciliation of GAAP net income to net income on a non-GAAP basis                                                                                                                                              |   |   |   |   |   |   |   |   |
|                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                                                                                       |   | Quarter Ended |   |   |   | Nine Months Ended |   |   |
|                                                                                                                                                                                                                       |   | 11/2/14 |   | 11/3/13 |   |   |   | 11/2/14 |   | 11/3/13 |   |   |
|                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| Net income attributable to PVH Corp.                                                                                                                                                                                       |   | $ | 225.7 |  |   | $ | 196.7 |  |   |   |   | $ | 387.5 |  |   | $ | 181.0 |  |   |   |
|                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| Diluted net income per common share attributable to PVH Corp.(1)                                                                                                                                                           |   | $ | 2.71 |  |   | $ | 2.37 |  |   |   |   | $ | 4.66 |  |   | $ | 2.19 |  |   |   |
|                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| Items excluded:                                                                                                                                                                                                            |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| Gross profit charges associated with acquisition and integration of Warnaco                                                                                                                                                |   | 2.9 |  |   | (3.6 | ) |   |   |   | 3.9 |  |   | 76.8 |  |   |   |
|                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| SG&A expenses associated with acquisition and integration of Warnaco and related restructuring                                                                                                                         |   | 26.2 |  |   | 64.6 |  |   |   |   | 101.8 |  |   | 294.3 |  |   |   |
|                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| Impairment of certain Tommy Hilfiger North America stores (recorded in SG&A)                                                                                                                                           |   |  |   |   |   |   |   | 2.3 |  |   |   |   |   |
|                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| Loss recorded on the sale of Bass, including related costs (recorded in SG&A)                                                                                                                                          |   |  |   | 19.5 |  |   |   |   | 1.0 |  |   | 19.5 |  |   |   |
|                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| SG&A impact of the amendment of an unfavorable contract                                                                                                                                                                |   |  |   | (24.3 | ) |   |   |   |   |   | (24.3 | ) |   |   |
|                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| Net gain on deconsolidation of subsidiaries and consolidated joint venture (recorded in SG&A)                                                                                                                          |   |  |   |   |   |   |   | (8.0 | ) |   |   |   |   |
|                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| Debt modification and extinguishment costs                                                                                                                                                                                 |   |  |   |  |   |   |   | 93.1 |  |   | 40.4 |  |   |   |
|                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| Interest expense incurred prior to the Warnaco acquisition closing date associated with $700M of senior notes                                                                                                              |   |  |   |  |   |   |   |  |   | 0.8 |  |   |   |
|                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| Tax effect of the items above(2)                                                                                                                                                                                           |   | (16.8 | ) |   | (34.5 | ) |   |   |   | (66.0 | ) |   | (127.0 | ) |   |   |
|                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| Discrete tax benefits related to the resolution of uncertain tax positions                                                                                                                                                 |   | (15.3 | ) |   |   |   |   |   | (45.3 | ) |   |   |   |   |
|                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| Discrete tax (benefit) expense primarily related to Warnaco integration                                                                                                                                                    |   | (9.6 | ) |   | (27.5 | ) |   |   |   | (9.6 | ) |   | 0.5 |  |   |   |
|                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| Net income on a non-GAAP basis attributable to PVH Corp.                                                                                                                                                                   |   | $ | 213.1 |  |   | $ | 190.9 |  |   |   |   | $ | 460.7 |  |   | $ | 462.0 |  |   |   |
|                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| Diluted net income per common share on a non-GAAP basis attributable to PVH Corp.(1)                                                                                                                                       |   | $ | 2.56 |  |   | $ | 2.30 |  |   |   |   | $ | 5.54 |  |   | $ | 5.60 |  |   |   |
|                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| (1)   Please see Note A in the Notes to the Consolidated GAAP Income Statements for reconciliations of GAAP diluted net income per common share to diluted net income per common share on a non-GAAP basis. |
| (2)   Please see Table 7 for an explanation of the calculation of the tax effects of the above items.                                                                                                       |

----

|                                                                                                                                                |
|------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                |  |  |  |  |  |  |
| Table 2 - Reconciliation of GAAP revenue to revenue on a non-GAAP basis                                                                        |   |   |   |   |
|                                                                                                                                           |   |   |   |   |
|                                                                                                                                           |   | Nine Months Ended |   |   |
|                                                                                                                                           |   | 11/3/13 |   |   |
|                                                                                                                                           |   |   |   |   |
| Revenue                                                                                                                                        |   | $ | 6,134.1 |  |   |   |
|                                                                                                                                           |   |   |   |   |
| Items excluded:                                                                                                                                |   |   |   |   |
|                                                                                                                                           |   |   |   |   |
| Revenue reduction due to sales returns for certain Warnaco wholesale customers in connection with initiative to reduce excess inventory levels |   | 30.0 |  |   |   |
|                                                                                                                                           |   |   |   |   |
| Revenue on a non-GAAP basis                                                                                                                    |   | $ | 6,164.1 |  |   |   |
|                                                                                                                                           |   |   |   |   |

|                                                                                                                               |
|-------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                               |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Table 3 - Reconciliation of GAAP earnings before interest and taxes to earnings before interest and taxes on a non-GAAP basis |   |   |
|                                                                                                                          |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                          |   | Quarter Ended |   |   |   | Nine Months Ended |   |   |
|                                                                                                                          |   | 11/2/14 |   | 11/3/13 |   |   |   | 11/2/14 |   | 11/3/13 |   |   |
|                                                                                                                          |   |   |   |   |   |   |   |   |   |   |   |   |
| Earnings before interest and taxes                                                                                            |   | $ | 279.9 |  |   | $ | 249.3 |  |   |   |   | $ | 523.7 |  |   | $ | 353.4 |  |   |   |
|                                                                                                                          |   |   |   |   |   |   |   |   |   |   |   |   |
| Items excluded:                                                                                                               |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                          |   |   |   |   |   |   |   |   |   |   |   |   |
| Gross profit charges associated with acquisition and integration of Warnaco                                                   |   | 2.9 |  |   | (3.6 | ) |   |   |   | 3.9 |  |   | 76.8 |  |   |   |
|                                                                                                                          |   |   |   |   |   |   |   |   |   |   |   |   |
| SG&A expenses associated with acquisition and integration of Warnaco and related restructuring                            |   | 26.2 |  |   | 64.6 |  |   |   |   | 101.8 |  |   | 294.3 |  |   |   |
|                                                                                                                          |   |   |   |   |   |   |   |   |   |   |   |   |
| Impairment of certain Tommy Hilfiger North America stores (recorded in SG&A)                                              |   |  |   |   |   |   |   | 2.3 |  |   |   |   |   |
|                                                                                                                          |   |   |   |   |   |   |   |   |   |   |   |   |
| Loss recorded on the sale of Bass, including related costs (recorded in SG&A)                                             |   |  |   | 19.5 |  |   |   |   | 1.0 |  |   | 19.5 |  |   |   |
|                                                                                                                          |   |   |   |   |   |   |   |   |   |   |   |   |
| SG&A impact of the amendment of an unfavorable contract                                                                   |   |   |   | (24.3 | ) |   |   |   |   |   | (24.3 | ) |   |   |
|                                                                                                                          |   |   |   |   |   |   |   |   |   |   |   |   |
| Net gain on deconsolidation of subsidiaries and consolidated joint venture (recorded in SG&A)                             |   |  |   |   |   |   |   | (8.0 | ) |   |   |   |   |
|                                                                                                                          |   |   |   |   |   |   |   |   |   |   |   |   |
| Debt modification and extinguishment costs                                                                                    |   |  |   |  |   |   |   | 93.1 |  |   | 40.4 |  |   |   |
|                                                                                                                          |   |   |   |   |   |   |   |   |   |   |   |   |
| Earnings before interest and taxes on a non-GAAP basis                                                                        |   | $ | 309.0 |  |   | $ | 305.5 |  |   |   |   | $ | 717.8 |  |   | $ | 760.1 |  |   |   |
|                                                                                                                          |   |   |   |   |   |   |   |   |   |   |   |   |

----

|                                                                                   |
|-----------------------------------------------------------------------------------|
|                                                                                   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Table 4 - Reconciliation of GAAP gross profit to gross profit on a non-GAAP basis |   |   |   |   |
|                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                              |   | Quarter Ended |   |   |   | Nine Months Ended |   |   |
|                                                                              |   | 11/2/14 |   | 11/3/13 |   |   |   | 11/2/14 |   | 11/3/13 |   |   |
|                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |
| Gross profit                                                                      |   | $ | 1,167.5 |  |   | $ | 1,171.8 |  |   |   |   | $ | 3,255.4 |  |   | $ | 3,149.8 |  |   |   |
|                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |
| Items excluded:                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |
| Gross profit charges associated with acquisition and integration of Warnaco       |   | 2.9 |  |   | (3.6 | ) |   |   |   | 3.9 |  |   | 76.8 |  |   |   |
|                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |
| Gross profit on a non-GAAP basis                                                  |   | $ | 1,170.4 |  |   | $ | 1,168.2 |  |   |   |   | $ | 3,259.3 |  |   | $ | 3,226.6 |  |   |   |
|                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |

|                                                                                                    |
|----------------------------------------------------------------------------------------------------|
|                                                                                                    |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Table 5 - Reconciliation of GAAP SG&A to SG&A on a non-GAAP basis                          |   |   |
|                                                                                               |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                               |   | Quarter Ended |   |   |   | Nine Months Ended |   |   |
|                                                                                               |   | 11/2/14 |   | 11/3/13 |   |   |   | 11/2/14 |   | 11/3/13 |   |   |
|                                                                                               |   |   |   |   |   |   |   |   |   |   |   |   |
| SG&A                                                                                           |   | $ | 892.9 |  |   | $ | 927.4 |  |   |   |   | $ | 2,647.8 |  |   | $ | 2,764.0 |  |   |   |
|                                                                                               |   |   |   |   |   |   |   |   |   |   |   |   |
| Items excluded:                                                                                    |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                               |   |   |   |   |   |   |   |   |   |   |   |   |
| SG&A expenses associated with acquisition and integration of Warnaco and related restructuring |   | (26.2 | ) |   | (64.6 | ) |   |   |   | (101.8 | ) |   | (294.3 | ) |   |   |
|                                                                                               |   |   |   |   |   |   |   |   |   |   |   |   |
| Impairment of certain Tommy Hilfiger North America stores                                          |   |  |  |   |   |   |   |   | (2.3 | ) |   |   |   |   |
|                                                                                               |   |   |   |   |   |   |   |   |   |   |   |   |
| Loss recorded on the sale of Bass, including related costs                                         |   |  |  |   | (19.5 | ) |   |   |   | (1.0 | ) |   | (19.5 | ) |   |   |
|                                                                                               |   |   |   |   |   |   |   |   |   |   |   |   |
| SG&A impact of the amendment of an unfavorable contract                                        |   |   |   | 24.3 |  |   |   |   |   |   | 24.3 |  |   |   |
|                                                                                               |   |   |   |   |   |   |   |   |   |   |   |   |
| Net gain on deconsolidation of subsidiaries and consolidated joint venture                         |   |  |  |   |   |   |   |   | 8.0 |  |   |   |   |   |
|                                                                                               |   |   |   |   |   |   |   |   |   |   |   |   |
| SG&A on a non-GAAP basis                                                                       |   | $ | 866.7 |  |   | $ | 867.6 |  |   |   |   | $ | 2,550.7 |  |   | $ | 2,474.5 |  |   |   |
|                                                                                               |   |   |   |   |   |   |   |   |   |   |   |   |

----

|                                                                                                               |
|---------------------------------------------------------------------------------------------------------------|
|                                                                                                               |  |  |  |  |  |  |
| Table 6 - Reconciliation of GAAP net interest expense to net interest expense on a non-GAAP basis             |   |   |
|                                                                                                          |   |   |   |   |
|                                                                                                          |   | Nine Months Ended |   |   |
|                                                                                                          |   | 11/3/13 |   |   |
|                                                                                                          |   |   |   |   |
| Interest expense, net                                                                                         |   | $ | 139.3 |  |   |   |
|                                                                                                          |   |   |   |   |
| Items excluded:                                                                                               |   |   |   |   |
|                                                                                                          |   |   |   |   |
| Interest expense incurred prior to the Warnaco acquisition closing date associated with $700M of senior notes |   | (0.8 | ) |   |   |
|                                                                                                          |   |   |   |   |
| Interest expense, net on a non-GAAP basis                                                                     |   | $ | 138.5 |  |   |   |
|                                                                                                          |   |   |   |   |

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Table 7 - Reconciliation of GAAP income tax expense to income tax expense on a non-GAAP basis                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   | Quarter Ended |   |   |   | Nine Months Ended |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   | 11/2/14 |   | 11/3/13 |   |   |   | 11/2/14 |   | 11/3/13 |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |
| Income tax expense                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   | $ | 22.1 |  |   | $ | 6.7 |  |   |   |   | $ | 29.8 |  |   | $ | 33.1 |  |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |
| Items excluded:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |
| Income tax effects of pre-tax items identified as non-GAAP exclusions (1)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   | 16.8 |  |   | 34.5 |  |   |   |   | 66.0 |  |   | 127.0 |  |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |
| Discrete tax benefits related to the resolution of uncertain tax positions                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   | 15.3 |  |   |   |   |   |   | 45.3 |  |   |   |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |
| Discrete tax benefit (expense) primarily related to the Warnaco integration                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   | 9.6 |  |   | 27.5 |  |   |   |   | 9.6 |  |   | (0.5 | ) |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |
| Income tax expense on a non-GAAP basis                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   | $ | 63.8 |  |   | $ | 68.7 |  |   |   |   | $ | 150.7 |  |   | $ | 159.6 |  |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |
| (1)  The estimated tax effects of the Company’s non-GAAP exclusions are based on the Company’s assessment of taxability and deductibility. In making this assessment, the Company evaluated each pre-tax item that it has identified as a non-GAAP exclusion to determine if such item is taxable or tax deductible and, if so, in what jurisdiction the tax expense or tax deduction would occur. All of the pre-tax items identified as non-GAAP exclusions were assumed to be either primarily taxable or tax deductible, with the tax effect taken at the statutory income tax rate of the local jurisdiction, or as non-taxable or non-deductible, in which case the Company assumed no tax effect. |

----

|                                                                                                                                     |
|-------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                     |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Table 8 - Reconciliation of GAAP depreciation and amortization expense to depreciation and amortization expense on a non-GAAP basis |   |   |
|                                                                                                                                |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                |   | Quarter Ended |   |   |   | Nine Months Ended |   |   |
|                                                                                                                                |   | 11/2/14 |   | 11/3/13 |   |   |   | 11/2/14 |   | 11/3/13 |   |   |
|                                                                                                                                |   |   |   |   |   |   |   |   |   |   |   |   |
| Depreciation and amortization expense                                                                                               |   | $ | 60.3 |  |   | $ | 61.7 |  |   |   |   | $ | 181.4 |  |   | $ | 243.1 |  |   |   |
|                                                                                                                                |   |   |   |   |   |   |   |   |   |   |   |   |
| Items excluded:                                                                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                |   |   |   |   |   |   |   |   |   |   |   |   |
| Depreciation and amortization associated with acquisition and integration of Warnaco                                                |   | (1.3 | ) |   | (9.3 | ) |   |   |   | (4.3 | ) |   | (80.4 | ) |   |   |
|                                                                                                                                |   |   |   |   |   |   |   |   |   |   |   |   |
| Depreciation and amortization expense on a non-GAAP basis                                                                           |   | $ | 59.0 |  |   | $ | 52.4 |  |   |   |   | $ | 177.1 |  |   | $ | 162.7 |  |   |   |
|                                                                                                                                |   |   |   |   |   |   |   |   |   |   |   |   |

----

|                                                               |
|---------------------------------------------------------------|
|                                                               |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                          |   | Quarter Ended |   |   |   | Quarter Ended |
|                                                          |   | 11/2/14 |   |   |   | 11/3/13 |
|                                                          |   | GAAP |   |   |   | Non-GAAP |   |   |   | GAAP |   |   |   | Non-GAAP |   |
|                                                          |   | Results |   | Adjustments | (1)  | Results |   |   |   | Results |   | Adjustments | (2)  | Results |   |
|                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net income attributable to PVH Corp.                          |   | $ | 225.7 |  |   | $ | 12.6 |  |   | $ | 213.1 |  |   |   |   | $ | 196.7 |  |   | $ | 5.8 |  |   | $ | 190.9 |  |   |
|                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Weighted average common shares                                |   | 82.4 |  |   |   |   | 82.4 |  |   |   |   | 81.5 |  |   |   |   | 81.5 |  |   |
| Weighted average dilutive securities                          |   | 0.9 |  |   |  |   | 0.9 |  |   |   |   | 1.3 |  |   |  |   | 1.3 |  |   |
| Total shares                                                  |   | 83.3 |  |   |   |   | 83.3 |  |   |   |   | 82.8 |  |   |   |   | 82.8 |  |   |
|                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Diluted net income per common share attributable to PVH Corp. |   | $ | 2.71 |  |   |   |   | $ | 2.56 |  |   |   |   | $ | 2.37 |  |   |   |   | $ | 2.30 |  |   |
|                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

|                                                               |
|---------------------------------------------------------------|
|                                                               |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                          |   | Nine Months Ended |   |   |   | Nine Months Ended |   |
|                                                          |   | 11/2/14 |   |   |   | 11/3/13 |   |
|                                                          |   | GAAP |   |   |   | Non-GAAP |   |   |   | GAAP |   |   |   | Non-GAAP |   |
|                                                          |   | Results |   | Adjustments | (1)  | Results |   |   |   | Results |   | Adjustments | (2)  | Results |   |
|                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net income attributable to PVH Corp.                          |   | $ | 387.5 |  |   | $ | (73.2 | ) |   | $ | 460.7 |  |   |   |   | $ | 181.0 |  |   | $ | (281.0 | ) |   | $ | 462.0 |  |   |
|                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Weighted average common shares                                |   | 82.3 |  |   |   |   | 82.3 |  |   |   |   | 80.9 |  |   |   |   | 80.9 |  |   |
| Weighted average dilutive securities                          |   | 0.9 |  |   |  |  |   | 0.9 |  |   |   |   | 1.6 |  |   |   |   | 1.6 |  |   |
| Total shares                                                  |   | 83.2 |  |   |   |   | 83.2 |  |   |   |   | 82.5 |  |   |   |   | 82.5 |  |   |
|                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Diluted net income per common share attributable to PVH Corp. |   | $ | 4.66 |  |   |   |   | $ | 5.54 |  |   |   |   | $ | 2.19 |  |   |   |   | $ | 5.60 |  |   |
|                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

|           |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
|-----------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (1)  | Represents the impact on net income in the periods ended November 2, 2014 from the elimination of (i) the costs incurred in connection with the Company’s integration of Warnaco and the related restructuring; (ii) the impairment of certain Tommy Hilfiger stores in North America; (iii) the costs incurred related to the sale of the Bass business; (iv) the costs incurred in connection with the amendment and restatement of the Company’s credit facility and the related redemption of its 7 3/8% senior notes due 2020; (v) the net gain on the deconsolidation of certain Calvin Klein subsidiaries in Australia and New Zealand and the previously consolidated Calvin Klein joint venture in India; (vi) the tax effects associated with the foregoing items; and (vii) the tax benefits associated with non-recurring discrete items primarily related to various Warnaco integration activities and the resolution of uncertain tax positions. Please see Table 1 for a reconciliation of GAAP net income to net income on a non-GAAP basis. |

----

|                                                                                 |
|---------------------------------------------------------------------------------|
|                                                                                 |  |  |  |  |  |  |  |
|                                                                            | 11/2/14 |   | 11/3/13 |
| ASSETS                                                                          |   |   |   |
| Current Assets:                                                                 |   |   |   |
| Cash and Cash Equivalents                                                       | $ | 365.1 |  |   | $ | 542.5 |  |
| Receivables                                                                     | 910.7 |  |   | 915.9 |  |
| Inventories                                                                     | 1,239.9 |  |   | 1,164.1 |  |
| Other Current Assets                                                            | 351.0 |  |   | 392.1 |  |
| Assets Held for Sale                                                            | — |  |   | 47.5 |  |
| Total Current Assets                                                            | 2,866.7 |  |   | 3,062.1 |  |
| Property, Plant and Equipment                                                   | 707.6 |  |   | 689.3 |  |
| Goodwill and Other Intangible Assets                                            | 7,361.4 |  |   | 7,562.9 |  |
| Other Assets                                                                    | 330.0 |  |   | 339.2 |  |
|                                                                            | $ | 11,265.7 |  |   | $ | 11,653.5 |  |
|                                                                            |   |   |   |
| LIABILITIES, REDEEMABLE NON-CONTROLLING INTEREST AND STOCKHOLDERS’ EQUITY |   |   |   |
| Accounts Payable and Accrued Expenses                                           | $ | 1,239.5 |  |   | $ | 1,202.8 |  |
| Short-Term Borrowings                                                           | 39.9 |  |   | 12.4 |  |
| Current Portion of Long-Term Debt                                               | 99.3 |  |   | 85.0 |  |
| Other Liabilities                                                               | 1,684.5 |  |   | 1,814.4 |  |
| Long-Term Debt                                                                  | 3,618.7 |  |   | 4,174.6 |  |
| Redeemable Non-Controlling Interest                                             | — |  |   | 5.6 |  |
| Stockholders’ Equity                                                      | 4,583.8 |  |   | 4,358.7 |  |
|                                                                            | $ | 11,265.7 |  |   | $ | 11,653.5 |  |

----

|                               |
|-------------------------------|
|                               |  |  |  |  |  |  |  |  |  |  |  |
| PVH CORP.                     |   |   |   |   |   |   |   |
| Segment Data                  |   |   |   |   |   |   |   |
| (In millions)                 |   |   |   |   |   |   |   |
|                          |   |   |   |   |   |   |   |
| REVENUE BY SEGMENT            |   |   |   |   |   |   |   |
|                          |   | Quarter Ended |   |   |   | Quarter Ended |   |
|                          |   | 11/2/14 |   |   |   | 11/3/13 |   |
|                          |   |   |   |   |   |   |   |
| Calvin Klein North America    |   |   |   |   |   |   |   |
| Net sales                     |   | $ | 404.2 |  |   |   |   | $ | 384.0 |  |   |
| Royalty revenue               |   | 38.6 |  |   |   |   | 38.1 |  |   |
| Advertising and other revenue |   | 15.8 |  |   |   |   | 15.1 |  |   |
| Total                         |   | 458.6 |  |   |   |   | 437.2 |  |   |
|                          |   |   |   |   |   |   |   |
| Calvin Klein International    |   |   |   |   |   |   |   |
| Net sales                     |   | 328.4 |  |   |   |   | 333.9 |  |   |
| Royalty revenue               |   | 20.5 |  |   |   |   | 20.0 |  |   |
| Advertising and other revenue |   | 8.7 |  |   |   |   | 8.6 |  |   |
| Total                         |   | 357.6 |  |   |   |   | 362.5 |  |   |
|                          |   |   |   |   |   |   |   |
| Total Calvin Klein            |   |   |   |   |   |   |   |
| Net sales                     |   | 732.6 |  |   |   |   | 717.9 |  |   |
| Royalty revenue               |   | 59.1 |  |   |   |   | 58.1 |  |   |
| Advertising and other revenue |   | 24.5 |  |   |   |   | 23.7 |  |   |
| Total                         |   | 816.2 |  |   |   |   | 799.7 |  |   |
|                          |   |   |   |   |   |   |   |
| Tommy Hilfiger North America  |   |   |   |   |   |   |   |
| Net sales                     |   | 421.7 |  |   |   |   | 411.4 |  |   |
| Royalty revenue               |   | 10.0 |  |   |   |   | 8.4 |  |   |
| Advertising and other revenue |   | 3.4 |  |   |   |   | 2.5 |  |   |
| Total                         |   | 435.1 |  |   |   |   | 422.3 |  |   |
|                          |   |   |   |   |   |   |   |
| Tommy Hilfiger International  |   |   |   |   |   |   |   |
| Net sales                     |   | 478.3 |  |   |   |   | 483.7 |  |   |
| Royalty revenue               |   | 14.9 |  |   |   |   | 13.5 |  |   |
| Advertising and other revenue |   | 1.3 |  |   |   |   | 1.2 |  |   |
| Total                         |   | 494.5 |  |   |   |   | 498.4 |  |   |
|                          |   |   |   |   |   |   |   |
| Total Tommy Hilfiger          |   |   |   |   |   |   |   |
| Net sales                     |   | 900.0 |  |   |   |   | 895.1 |  |   |
| Royalty revenue               |   | 24.9 |  |   |   |   | 21.9 |  |   |
| Advertising and other revenue |   | 4.7 |  |   |   |   | 3.7 |  |   |
| Total                         |   | 929.6 |  |   |   |   | 920.7 |  |   |
|                          |   |   |   |   |   |   |   |
| Heritage Brands Wholesale     |   |   |   |   |   |   |   |
| Net sales                     |   | 393.8 |  |   |   |   | 373.1 |  |   |
| Royalty revenue               |   | 4.6 |  |   |   |   | 3.9 |  |   |
| Advertising and other revenue |   | 0.5 |  |   |   |   | 0.7 |  |   |
| Total                         |   | 398.9 |  |   |   |   | 377.7 |  |   |
|                          |   |   |   |   |   |   |   |
| Heritage Brands Retail        |   |   |   |   |   |   |   |
| Net sales                     |   | 87.6 |  |   |   |   | 159.0 |  |   |
| Royalty revenue               |   | 0.7 |  |   |   |   | 1.6 |  |   |
| Advertising and other revenue |   | 0.1 |  |   |   |   | 0.4 |  |   |
| Total                         |   | 88.4 |  |   |   |   | 161.0 |  |   |
|                          |   |   |   |   |   |   |   |
| Total Heritage Brands         |   |   |   |   |   |   |   |
| Net sales                     |   | 481.4 |  |   |   |   | 532.1 |  |   |
| Royalty revenue               |   | 5.3 |  |   |   |   | 5.5 |  |   |
| Advertising and other revenue |   | 0.6 |  |   |   |   | 1.1 |  |   |
| Total                         |   | 487.3 |  |   |   |   | 538.7 |  |   |
|                          |   |   |   |   |   |   |   |
| Total Revenue                 |   |   |   |   |   |   |   |
| Net sales                     |   | 2,114.0 |  |   |   |   | 2,145.1 |  |   |
| Royalty revenue               |   | 89.3 |  |   |   |   | 85.5 |  |   |
| Advertising and other revenue |   | 29.8 |  |   |   |   | 28.5 |  |   |
| Total                         |   | $ | 2,233.1 |  |   |   |   | $ | 2,259.1 |  |   |
|                          |   |   |   |   |   |   |   |

----

|                                               |
|-----------------------------------------------|
|                                               |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| PVH CORP.                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Segment Data (continued)                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| (In millions)                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| EARNINGS BEFORE INTEREST AND TAXES BY SEGMENT |   |   |   |   |
|                                          |   |   |   |   |   |   |   |
|                                          |   | Quarter Ended |   |   |   | Quarter Ended |   |
|                                          |   | 11/2/14 |   |   |   | 11/3/13 |   |
|                                          |   | Results |   |   |   |   |   |   |   | Results |   |   |   |   |   |
|                                          |   | Under |   |   |   | Non-GAAP |   |   |   | Under |   |   |   | Non-GAAP |   |
|                                          |   | GAAP |   | Adjustments(1) |   | Results |   |   |   | GAAP |   | Adjustments(2) |   | Results |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Calvin Klein North America                    |   | $ | 76.5 |  |   | $ | (2.1 | ) |   | $ | 78.6 |  |   |   |   | $ | 71.2 |  |   | $ | (10.5 | ) |   | $ | 81.7 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Calvin Klein International                    |   | 50.4 |  |   | (13.2 | ) |   | 63.6 |  |   |   |   | 41.2 |  |   | (21.3 | ) |   | 62.5 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total Calvin Klein                            |   | 126.9 |  |   | (15.3 | ) |   | 142.2 |  |   |   |   | 112.4 |  |   | (31.8 | ) |   | 144.2 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Tommy Hilfiger North America                  |   | 75.4 |  |   |  |  |   | 75.4 |  |   |   |   | 79.5 |  |   | 12.0 |  |   | 67.5 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Tommy Hilfiger International                  |   | 80.1 |  |   |   |   | 80.1 |  |   |   |   | 88.0 |  |   | 12.3 |  |   | 75.7 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total Tommy Hilfiger                          |   | 155.5 |  |   |  |  |   | 155.5 |  |   |   |   | 167.5 |  |   | 24.3 |  |   | 143.2 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Heritage Brands Wholesale                     |   | 33.5 |  |   | (4.7 | ) |   | 38.2 |  |   |   |   | 33.6 |  |   | (8.2 | ) |   | 41.8 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Heritage Brands Retail                        |   | (1.9 | ) |   |  |  |   | (1.9 | ) |   |   |   | (19.6 | ) |   | (19.5 | ) |   | (0.1 | ) |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total Heritage Brands                         |   | 31.6 |  |   | (4.7 | ) |   | 36.3 |  |   |   |   | 14.0 |  |   | (27.7 | ) |   | 41.7 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Corporate                                     |   | (34.1 | ) |   | (9.1 | ) |   | (25.0 | ) |   |   |   | (44.6 | ) |   | (21.0 | ) |   | (23.6 | ) |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total earnings before interest and taxes      |   | $ | 279.9 |  |   | $ | (29.1 | ) |   | $ | 309.0 |  |   |   |   | $ | 249.3 |  |   | $ | (56.2 | ) |   | $ | 305.5 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

|           |                                                                                                                                                                                                 |
|-----------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (1)  | Adjustments for the quarter ended November 2, 2014 represent the elimination of the costs incurred in connection with the Company’s integration of Warnaco and the related restructuring. |

|           |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|-----------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (2)  | Adjustments for the quarter ended November 3, 2013 represent the elimination of (i) the costs incurred in connection with the Company’s acquisition and integration of Warnaco and the related restructuring; (ii) the loss incurred in connection with the sale of substantially all of the assets of the Bass business, including related costs; and (iii) the income due to the amendment of an unfavorable contract, which resulted in the reduction of a liability recorded at the time of the Tommy Hilfiger acquisition. |

----

|                               |
|-------------------------------|
|                               |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| PVH CORP.                     |   |   |   |   |   |   |   |   |   |   |   |
| Segment Data (continued)      |   |   |   |   |   |   |   |   |   |   |   |
| (In millions)                 |   |   |   |   |   |   |   |   |   |   |   |
|                          |   |   |   |   |   |   |   |   |   |   |   |
| REVENUE BY SEGMENT            |   |   |   |   |   |   |   |   |   |   |   |
|                          |   | Nine Months Ended |   |   |   | Nine Months Ended |   |
|                          |   | 11/2/14 |   |   |   | 11/3/13 |   |
|                          |   |   |   |   |   | Results |   |   |   |   |   |
|                          |   |   |   |   |   | Under |   |   |   | Non-GAAP |   |
| Calvin Klein North America    |   |   |   |   |   | GAAP |   | Adjustments(1) |   | Results |   |
| Net sales                     |   | $ | 1,038.8 |  |   |   |   | $ | 1,009.5 |  |   |   |   | $ | 1,009.5 |  |   |
| Royalty revenue               |   | 87.7 |  |   |   |   | 86.1 |  |   |   |   | 86.1 |  |   |
| Advertising and other revenue |   | 35.7 |  |   |   |   | 31.8 |  |   |   |   | 31.8 |  |   |
| Total                         |   | 1,162.2 |  |   |   |   | 1,127.4 |  |   |   |   | 1,127.4 |  |   |
|                          |   |   |   |   |   |   |   |   |   |   |   |
| Calvin Klein International    |   |   |   |   |   |   |   |   |   |   |   |
| Net sales                     |   | 913.4 |  |   |   |   | 875.2 |  |   | $ | (30.0 | ) |   | 905.2 |  |   |
| Royalty revenue               |   | 56.9 |  |   |   |   | 54.1 |  |   |   |   | 54.1 |  |   |
| Advertising and other revenue |   | 23.6 |  |   |   |   | 21.4 |  |   |   |   | 21.4 |  |   |
| Total                         |   | 993.9 |  |   |   |   | 950.7 |  |   | (30.0 | ) |   | 980.7 |  |   |
|                          |   |   |   |   |   |   |   |   |   |   |   |
| Total Calvin Klein            |   |   |   |   |   |   |   |   |   |   |   |
| Net sales                     |   | 1,952.2 |  |   |   |   | 1,884.7 |  |   | (30.0 | ) |   | 1,914.7 |  |   |
| Royalty revenue               |   | 144.6 |  |   |   |   | 140.2 |  |   |   |   | 140.2 |  |   |
| Advertising and other revenue |   | 59.3 |  |   |   |   | 53.2 |  |   |   |   | 53.2 |  |   |
| Total                         |   | 2,156.1 |  |   |   |   | 2,078.1 |  |   | (30.0 | ) |   | 2,108.1 |  |   |
|                          |   |   |   |   |   |   |   |   |   |   |   |
| Tommy Hilfiger North America  |   |   |   |   |   |   |   |   |   |   |   |
| Net sales                     |   | 1,162.9 |  |   |   |   | 1,106.2 |  |   |   |   | 1,106.2 |  |   |
| Royalty revenue               |   | 22.3 |  |   |   |   | 20.9 |  |   |   |   | 20.9 |  |   |
| Advertising and other revenue |   | 7.4 |  |   |   |   | 6.7 |  |   |   |   | 6.7 |  |   |
| Total                         |   | 1,192.6 |  |   |   |   | 1,133.8 |  |   |   |   | 1,133.8 |  |   |
|                          |   |   |   |   |   |   |   |   |   |   |   |
| Tommy Hilfiger International  |   |   |   |   |   |   |   |   |   |   |   |
| Net sales                     |   | 1,424.0 |  |   |   |   | 1,356.0 |  |   |   |   | 1,356.0 |  |   |
| Royalty revenue               |   | 42.4 |  |   |   |   | 38.1 |  |   |   |   | 38.1 |  |   |
| Advertising and other revenue |   | 3.4 |  |   |   |   | 3.5 |  |   |   |   | 3.5 |  |   |
| Total                         |   | 1,469.8 |  |   |   |   | 1,397.6 |  |   |   |   | 1,397.6 |  |   |
|                          |   |   |   |   |   |   |   |   |   |   |   |
| Total Tommy Hilfiger          |   |   |   |   |   |   |   |   |   |   |   |
| Net sales                     |   | 2,586.9 |  |   |   |   | 2,462.2 |  |   |   |   | 2,462.2 |  |   |
| Royalty revenue               |   | 64.7 |  |   |   |   | 59.0 |  |   |   |   | 59.0 |  |   |
| Advertising and other revenue |   | 10.8 |  |   |   |   | 10.2 |  |   |   |   | 10.2 |  |   |
| Total                         |   | 2,662.4 |  |   |   |   | 2,531.4 |  |   |   |   | 2,531.4 |  |   |
|                          |   |   |   |   |   |   |   |   |   |   |   |
| Heritage Brands Wholesale     |   |   |   |   |   |   |   |   |   |   |   |
| Net sales                     |   | 1,079.8 |  |   |   |   | 1,056.2 |  |   |   |   | 1,056.2 |  |   |
| Royalty revenue               |   | 12.7 |  |   |   |   | 12.1 |  |   |   |   | 12.1 |  |   |
| Advertising and other revenue |   | 1.9 |  |   |   |   | 2.1 |  |   |   |   | 2.1 |  |   |
| Total                         |   | 1,094.4 |  |   |   |   | 1,070.4 |  |   |   |   | 1,070.4 |  |   |
|                          |   |   |   |   |   |   |   |   |   |   |   |
| Heritage Brands Retail        |   |   |   |   |   |   |   |   |   |   |   |
| Net sales                     |   | 257.1 |  |   |   |   | 449.5 |  |   |   |   | 449.5 |  |   |
| Royalty revenue               |   | 2.0 |  |   |   |   | 3.8 |  |   |   |   | 3.8 |  |   |
| Advertising and other revenue |   | 0.4 |  |   |   |   | 0.9 |  |   |   |   | 0.9 |  |   |
| Total                         |   | 259.5 |  |   |   |   | 454.2 |  |   |   |   | 454.2 |  |   |
|                          |   |   |   |   |   |   |   |   |   |   |   |
| Total Heritage Brands         |   |   |   |   |   |   |   |   |   |   |   |
| Net sales                     |   | 1,336.9 |  |   |   |   | 1,505.7 |  |   |   |   | 1,505.7 |  |   |
| Royalty revenue               |   | 14.7 |  |   |   |   | 15.9 |  |   |   |   | 15.9 |  |   |
| Advertising and other revenue |   | 2.3 |  |   |   |   | 3.0 |  |   |   |   | 3.0 |  |   |
| Total                         |   | 1,353.9 |  |   |   |   | 1,524.6 |  |   |   |   | 1,524.6 |  |   |
|                          |   |   |   |   |   |   |   |   |   |   |   |
| Total Revenue                 |   |   |   |   |   |   |   |   |   |   |   |
| Net sales                     |   | 5,876.0 |  |   |   |   | 5,852.6 |  |   | (30.0 | ) |   | 5,882.6 |  |   |
| Royalty revenue               |   | 224.0 |  |   |   |   | 215.1 |  |   |   |   | 215.1 |  |   |
| Advertising and other revenue |   | 72.4 |  |   |   |   | 66.4 |  |   |   |   | 66.4 |  |   |
| Total                         |   | $ | 6,172.4 |  |   |   |   | $ | 6,134.1 |  |   | $ | (30.0 | ) |   | $ | 6,164.1 |  |   |
|                          |   |   |   |   |   |   |   |   |   |   |   |

|           |                                                                                                                                                                                                                       |
|-----------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (1)  | Adjustments for the nine months ended November 3, 2013 represent the elimination of sales returns for certain Warnaco wholesale customers in Asia in connection with an initiative to reduce excess inventory levels. |

----

|                                               |
|-----------------------------------------------|
|                                               |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| PVH CORP.                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Segment Data (continued)                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| (In millions)                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| EARNINGS BEFORE INTEREST AND TAXES BY SEGMENT |   |   |   |   |
|                                          |   |   |   |   |   |   |   |
|                                          |   | Nine Months Ended |   |   |   | Nine Months Ended |   |
|                                          |   | 11/2/14 |   |   |   | 11/3/13 |   |
|                                          |   | Results |   |   |   |   |   |   |   | Results |   |   |   |   |   |
|                                          |   | Under |   |   |   | Non-GAAP |   |   |   | Under |   |   |   | Non-GAAP |   |
|                                          |   | GAAP |   | Adjustments(1) |   | Results |   |   |   | GAAP |   | Adjustments(2) |   | Results |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Calvin Klein North America                    |   | $ | 172.9 |  |   | $ | (10.8 | ) |   | $ | 183.7 |  |   |   |   | $ | 123.1 |  |   | $ | (79.2 | ) |   | $ | 202.3 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Calvin Klein International                    |   | 97.8 |  |   | (28.5 | ) |   | 126.3 |  |   |   |   | (39.9 | ) |   | (182.9 | ) |   | 143.0 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total Calvin Klein                            |   | 270.7 |  |   | (39.3 | ) |   | 310.0 |  |   |   |   | 83.2 |  |   | (262.1 | ) |   | 345.3 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Tommy Hilfiger North America                  |   | 180.9 |  |   | (2.3 | ) |   | 183.2 |  |   |   |   | 187.5 |  |   | 12.0 |  |   | 175.5 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Tommy Hilfiger International                  |   | 205.4 |  |   |  |  |   | 205.4 |  |   |   |   | 198.0 |  |   | 12.3 |  |   | 185.7 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total Tommy Hilfiger                          |   | 386.3 |  |   | (2.3 | ) |   | 388.6 |  |   |   |   | 385.5 |  |   | 24.3 |  |   | 361.2 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Heritage Brands Wholesale                     |   | 84.4 |  |   | (13.0 | ) |   | 97.4 |  |   |   |   | 91.1 |  |   | (37.0 | ) |   | 128.1 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Heritage Brands Retail                        |   | (3.8 | ) |   | (1.0 | ) |   | (2.8 | ) |   |   |   | (22.4 | ) |   | (19.5 | ) |   | (2.9 | ) |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total Heritage Brands                         |   | 80.6 |  |   | (14.0 | ) |   | 94.6 |  |   |   |   | 68.7 |  |   | (56.5 | ) |   | 125.2 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Corporate                                     |   | (213.9 | ) |   | (138.5 | ) |   | (75.4 | ) |   |   |   | (184.0 | ) |   | (112.4 | ) |   | (71.6 | ) |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total earnings before interest and taxes      |   | $ | 523.7 |  |   | $ | (194.1 | ) |   | $ | 717.8 |  |   |   |   | $ | 353.4 |  |   | $ | (406.7 | ) |   | $ | 760.1 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

|           |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
|-----------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (1)  | Adjustments for the nine months ended November 2, 2014 represent the elimination of (i) the costs incurred in connection with the Company’s integration of Warnaco and the related restructuring; (ii) the impairment of certain Tommy Hilfiger stores in North America; (iii) the costs incurred related to the sale of the Bass business; (iv) the costs incurred in connection with the amendment and restatement of the Company’s credit facility and the related redemption of its 7 3/8% senior notes due 2020; and (v) the net gain on the deconsolidation of certain Calvin Klein subsidiaries in Australia and New Zealand and the previously consolidated Calvin Klein joint venture in India. |

|           |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
|-----------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (2)  | Adjustments for the nine months ended November 3, 2013 represent the elimination of (i) the costs incurred in connection with the Company’s acquisition and integration of Warnaco and the related restructuring; (ii) the loss incurred in connection with the sale of substantially all of the assets of the Bass business, including related costs; (iii) the income due to the amendment of an unfavorable contract, which resulted in the reduction of a liability recorded at the time of the Tommy Hilfiger acquisition; and (iv) the costs incurred in connection with the Company’s debt modification and extinguishment. |

----

|                                                                                                                   |
|-------------------------------------------------------------------------------------------------------------------|
|                                                                                                                   |  |  |  |  |  |  |
|                                                                                                                   |  | Current Guidance |  | Previous Guidance |
| Net Income Per Common Share Reconciliations                                                                       |  | Full Year      2014(Estimated) | Fourth Quarter2014(Estimated) |  | Full Year      2014(Estimated) | Third Quarter2014(Estimated) |
|                                                                                                                   |  |  |  |  |  |  |
| GAAP net income per common share attributable to PVH Corp.                                                        |  | $6.08 - $6.13 | $1.42 - $1.47 |  | $5.91 - $6.01 | $2.27 - $2.32 |
| Estimated per common share impact of items identified as non-GAAP exclusions                                      |  | $1.17 | $0.29 |  | $1.39 | $0.18 |
| Net income per common share attributable to PVH Corp. excluding impact of items identified as non-GAAP exclusions |  | $7.25 - $7.30 | $1.71 - $1.76 |  | $7.30 -$7.40 | $2.45 - $2.50 |

----

|                                                            |
|------------------------------------------------------------|
|                                                            |  |  |  |
| 2014 Tax Rate Reconciliation                               |   | Full Year 2014(Estimated) |   |
|                                                       |   |   |   |
| GAAP tax rate                                              |   | 10.4% |   |
| Net tax benefit of items identified as non-GAAP exclusions |   | 13.1% |   |
| Tax rate on a non-GAAP basis                               |   | 23.5% |   |

|                                                                      |
|----------------------------------------------------------------------|
|                                                                      |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                                 |   | Full Year 2013 |   | Fourth Quarter 2013 |
|                                                                 | (Actual) |   | (Actual) |
|                                                                 | Results Under GAAP |   | Adjustments | (1)  | Non-GAAP Results |   | Results Under GAAP |   | Adjustments | (2)  | Non-GAAP Results |
|                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |
| Net income (loss) attributable to PVH Corp.                          |   | $ | 143.5 |  |   | $ | (437.5 | ) |   | $ | 581.0 |  |   | $ | (37.5 | ) |   | $ | (156.5 | ) |   | $ | 119.0 |  |
| Total weighted average shares                                        |   | 82.6 |  |   |   |   | 82.6 |  |   | 81.8 |  |   | 1.1 |  |   | 82.9 |  |
|                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |
| Diluted net income (loss) per common share attributable to PVH Corp. |   | $ | 1.74 |  |   |   |   | $ | 7.03 |  |   | $ | (0.46 | ) |   |   |   | $ | 1.43 |  |