|         |                                                                                                                                                                 |
|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | FIRST QUARTER EPS WAS $1.47 ON A NON-GAAP BASIS, IN LINE WITH GUIDANCE OF $1.45 - $1.50, DESPITE UNSEASONABLY COOL WEATHER IN NORTH AMERICA; GAAP EPS WAS $0.42 |

|         |                                                                                                                                                                         |
|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | HEIGHTENED PROMOTIONAL ACTIVITY IN NORTH AMERICA CONTINUES IN SECOND QUARTER; PVH LOWERS FULL YEAR EPS GUIDANCE ON A NON-GAAP BASIS TO $7.30 - $7.40 FROM $7.40 - $7.50 |

|         |                                                                                                        |
|---------|--------------------------------------------------------------------------------------------------------|
| • | SECOND HALF OUTLOOK UNCHANGED; SECOND HALF EPS PROJECTED TO GROW APPROXIMATELY 20% ON A NON-GAAP BASIS |

----

|         |                                                                                                                |
|---------|----------------------------------------------------------------------------------------------------------------|
| • | Earnings per share on a non-GAAP basis was $1.47 as compared to $1.91 in the prior year’s first quarter. |

|         |                                                                                                                  |
|---------|------------------------------------------------------------------------------------------------------------------|
| • | GAAP earnings per share was $0.42 as compared to the prior year’s first quarter loss per share of $(0.13). |

|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Revenue was $1.964 billion, an increase of 4% on a non-GAAP basis as compared to the prior year amount excluding $47 million of revenue related to the Bass business (which was sold during the fourth quarter of 2013), despite revenue in the North American businesses being under significant pressure due to unseasonably cold weather across the region. On a GAAP basis, total revenue increased 3% as compared to prior year GAAP revenue of $1.910 billion. 2013 GAAP revenue was $30 million lower than revenue on a non-GAAP basis, attributable to sales returns for certain wholesale customers in the acquired Asia business in connection with an initiative to reduce excess inventory levels. The revenue increases over the prior year were principally driven by growth in the Company’s Tommy Hilfiger business of 6% and in the Company’s Calvin Klein business of 4% on a non-GAAP basis and 9% on a GAAP basis. These increases were partially offset by a revenue decline of 2% in the Company’s Heritage Brands business excluding the $47 million of 2013 Bass revenue, or 11% including such revenue. |

----

----

----

----

----

----

|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Pre-tax costs of approximately $100 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 the Company’s previously consolidated Calvin Klein joint venture in India; and (ii) the sale of the Bass business, which closed in the fourth quarter of 2013. Of the $100 million of expected costs, $26 million was incurred in the first quarter and approximately $30 million is expected to be incurred in the second 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 redemption of its 7 3/8% senior notes due 2020 in connection therewith. |

|         |                                                                                                                                                                                 |
|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | A revenue reduction of $30 million in the first quarter of 2013, due 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 Company’s 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 |

----

|         |                                                                                                                                                                                                                             |
|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | 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 tax expense of $5 million recorded in the fourth quarter of 2013 associated with various Warnaco integration activities and various adjustments to liabilities for changes in estimates in uncertain tax positions. |

|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | 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 has 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 |   |   |
|                                                                        |   | 5/4/14 |   | 5/5/13 |   |   |
|                                                                        |   |   |   |   |   |   |
| Net sales                                                                   |   | $ | 1,871.5 |  |   | $ | 1,823.0 |  |   |   |
| Royalty revenue                                                             |   | 69.4 |  |   | 67.1 |  |   |   |
| Advertising and other revenue                                               |   | 22.8 |  |   | 20.1 |  |   |   |
| Total revenue                                                               |   | $ | 1,963.7 |  |   | $ | 1,910.2 |  |   |   |
|                                                                        |   |   |   |   |   |   |
| Gross profit on net sales                                                   |   | $ | 941.0 |  |   | $ | 864.7 |  |   |   |
| Gross profit on royalty, advertising and other revenue                      |   | 92.2 |  |   | 87.2 |  |   |   |
| Total gross profit                                                          |   | 1,033.2 |  |   | 951.9 |  |   |   |
|                                                                        |   |   |   |   |   |   |
| Selling, general and administrative expenses                                |   | 859.1 |  |   | 895.4 |  |   |   |
|                                                                        |   |   |   |   |   |   |
| Debt modification and extinguishment costs                                  |   | 93.1 |  |   | 40.4 |  |   |   |
|                                                                        |   |   |   |   |   |   |
| Equity in income of unconsolidated affiliates, net                          |   | 3.5 |  |   | 2.3 |  |   |   |
|                                                                        |   |   |   |   |   |   |
| Earnings before interest and taxes                                          |   | 84.5 |  |   | 18.4 |  |   |   |
|                                                                        |   |   |   |   |   |   |
| Interest expense, net                                                       |   | 40.6 |  |   | 45.9 |  |   |   |
|                                                                        |   |   |   |   |   |   |
| Pre-tax income (loss)                                                       |   | 43.9 |  |   | (27.5 | ) |   |   |
|                                                                        |   |  |  |   |   |   |   |
| Income tax expense (benefit)                                                |   | 8.7 |  |   | (17.2 | ) |   |   |
|                                                                        |   |   |   |   |   |   |
| Net income (loss)                                                           |   | 35.2 |  |   | (10.3 | ) |   |   |
|                                                                        |   |   |   |   |   |   |
| Less: Net (loss) income attributable to redeemable non-controlling interest |   | (0.1 | ) |   | 0.0 |  |   |   |
|                                                                        |   |   |   |   |   |   |
| Net income (loss) attributable to PVH Corp.                                 |   | $ | 35.3 |  |   | $ | (10.3 | ) |   |   |
|                                                                        |   |   |   |   |   |   |
| Diluted net income (loss) per common share attributable to PVH Corp.(1)     |   | $ | 0.42 |  |   | $ | (0.13 | ) |   |   |
|                                                                        |   |   |   |   |   |   |
|                                                                        |   | Quarter Ended |   |   |
|                                                                        |   | 5/4/14 |   | 5/5/13 |   |   |
|                                                                        |   |   |   |   |   |   |
| Depreciation and amortization expense                                       |   | $ | 60.7 |  |   | $ | 84.2 |  |   |   |
|                                                                        |   |   |   |   |   |

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

----

|                                                                  |
|------------------------------------------------------------------|
|                                                                  |  |  |  |  |  |  |  |  |  |  |
|                                                             |   |   |   |   |   |   |
|                                                             |   | Quarter Ended |   |   |
|                                                             |   | 5/4/14 |   | 5/5/13 |   |   |
|                                                             |   |   |   |   |   |   |
| Non-GAAP Measures                                                |   |   |   |   |   |   |
| Total revenue(1)                                                 |   |  |  |   | $ | 1,940.2 |  |   |   |
| Total gross profit(2)                                            |   | $ | 1,034.2 |  |   | 1,017.2 |  |   |   |
| Selling, general and administrative expenses(3)                  |   | 834.5 |  |   | 778.2 |  |   |   |
| Earnings before interest and taxes(4)                            |   | 203.2 |  |   | 241.3 |  |   |   |
| Interest expense, net(5)                                         |   |  |  |   | 45.1 |  |   |   |
| Income tax expense(6)                                            |   | 40.6 |  |   | 40.6 |  |   |   |
| Net income attributable to PVH Corp.(7)                          |   | 122.1 |  |   | 155.6 |  |   |   |
| Diluted net income per common share attributable to PVH Corp.(8) |   | $ | 1.47 |  |   | $ | 1.91 |  |   |   |
|                                                             |   |   |   |   |   |   |
| Depreciation and amortization expense(9)                         |   | $ | 59.1 |  |   | $ | 52.1 |  |   |   |
|                                                             |   |   |   |

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

----

|                                                                                                                                                                                                                |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                                                |  |  |  |  |  |  |  |  |  |  |
| Table 1 - Reconciliation of GAAP net income (loss) to non-GAAP net income                                                                                                                                      |   |   |
|                                                                                                                                                                                                           |   |   |   |   |   |   |
|                                                                                                                                                                                                           |   | Quarter Ended |   |   |
|                                                                                                                                                                                                           |   | 5/4/14 |   | 5/5/13 |   |   |
|                                                                                                                                                                                                           |   |   |   |   |   |   |
| Net income (loss) attributable to PVH Corp.                                                                                                                                                                    |   | $ | 35.3 |  |   | $ | (10.3 | ) |   |   |
|                                                                                                                                                                                                           |   |   |   |   |   |   |
| Diluted net income (loss) per common share attributable to PVH Corp.(1)                                                                                                                                        |   | $ | 0.42 |  |   | $ | (0.13 | ) |   |   |
|                                                                                                                                                                                                           |   |   |   |   |   |   |
| Items excluded:                                                                                                                                                                                                |   |   |   |   |   |   |
|                                                                                                                                                                                                           |   |   |   |   |   |   |
| Gross profit charges associated with acquisition and integration of Warnaco                                                                                                                                    |   | 1.0 |  |   | 65.3 |  |   |   |
|                                                                                                                                                                                                           |   |   |   |   |   |   |
| SG&A expenses associated with acquisition and integration of Warnaco and related restructuring                                                                                                             |   | 31.6 |  |   | 117.2 |  |   |   |
|                                                                                                                                                                                                           |   |   |   |   |   |   |
| Costs associated with the sale of Bass (recorded in SG&A)                                                                                                                                                  |   | 1.0 |  |   |  |   |   |
|                                                                                                                                                                                                           |   |   |   |   |   |   |
| Net gain on deconsolidation of subsidiaries and consolidated joint venture                                                                                                                                     |   | (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)                                                                                                                                                                               |   | (31.9 | ) |   | (57.8 | ) |   |   |
|                                                                                                                                                                                                           |   |   |   |   |   |   |
| Non-GAAP net income attributable to PVH Corp.                                                                                                                                                                  |   | $ | 122.1 |  |   | $ | 155.6 |  |   |   |
|                                                                                                                                                                                                           |   |   |   |   |   |   |
| Non-GAAP diluted net income per common share attributable to PVH Corp.(1)                                                                                                                                      |   | $ | 1.47 |  |   | $ | 1.91 |  |   |   |
|                                                                                                                                                                                                           |   |   |   |   |   |   |
|                                                                                                                                                                                                           |   |   |   |   |   |   |
| (1)   Please see Note A in the Notes to the Consolidated GAAP Income Statements for reconciliations of GAAP diluted net income (loss) per common share to non-GAAP net income per common share. |
| (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 non-GAAP revenue                                                                                   |   |   |   |   |
|                                                                                                                                           |   |   |   |   |
|                                                                                                                                           |   | Quarter Ended |   |   |
|                                                                                                                                           |   | 5/5/13 |   |   |
|                                                                                                                                           |   |   |   |   |
| Revenue                                                                                                                                        |   | $ | 1,910.2 |  |   |   |
|                                                                                                                                           |   |   |   |   |
| Items excluded:                                                                                                                                |   |   |   |   |
|                                                                                                                                           |   |   |   |   |
| Revenue reduction due to sales returns for certain Warnaco wholesale customers in connection with initiative to reduce excess inventory levels |   | 30.0 |  |   |   |
|                                                                                                                                           |   |   |   |   |
| Non-GAAP revenue                                                                                                                               |   | $ | 1,940.2 |  |   |   |
|                                                                                                                                           |   |   |   |   |

----

|                                                                                                                    |
|--------------------------------------------------------------------------------------------------------------------|
|                                                                                                                    |  |  |  |  |  |  |  |  |  |  |
| Table 3 - Reconciliation of GAAP earnings before interest and taxes to non-GAAP earnings before interest and taxes |   |
|                                                                                                               |   |   |   |   |   |   |
|                                                                                                               |   | Quarter Ended |   |   |
|                                                                                                               |   | 5/4/14 |   | 5/5/13 |   |   |
|                                                                                                               |   |   |   |   |   |   |
| Earnings before interest and taxes                                                                                 |   | $ | 84.5 |  |   | $ | 18.4 |  |   |   |
|                                                                                                               |   |   |   |   |   |   |
| Items excluded:                                                                                                    |   |   |   |   |   |   |
|                                                                                                               |   |   |   |   |   |   |
| Gross profit charges associated with acquisition and integration of Warnaco                                        |   | 1.0 |  |   | 65.3 |  |   |   |
|                                                                                                               |   |   |   |   |   |   |
| SG&A expenses associated with acquisition and integration of Warnaco and related restructuring                 |   | 31.6 |  |   | 117.2 |  |   |   |
|                                                                                                               |   |   |   |   |   |   |
| Costs associated with the sale of Bass (recorded in SG&A)                                                      |   | 1.0 |  |   |   |   |   |
|                                                                                                               |   |   |   |   |   |   |
| Net gain on deconsolidation of subsidiaries and consolidated joint venture                                         |   | (8.0 | ) |   |   |   |   |
|                                                                                                               |   |   |   |   |   |   |
| Debt modification and extinguishment costs                                                                         |   | 93.1 |  |   | 40.4 |  |   |   |
|                                                                                                               |   |   |   |   |   |   |
| Non-GAAP earnings before interest and taxes                                                                        |   | $ | 203.2 |  |   | $ | 241.3 |  |   |   |
|                                                                                                               |   |   |   |   |   |   |

|                                                                             |
|-----------------------------------------------------------------------------|
|                                                                             |  |  |  |  |  |  |  |  |  |  |
| Table 4 - Reconciliation of GAAP gross profit to non-GAAP gross profit      |   |   |   |   |   |   |
|                                                                        |   |   |   |   |   |   |
|                                                                        |   | Quarter Ended |   |   |
|                                                                        |   | 5/4/14 |   | 5/5/13 |   |   |
|                                                                        |   |   |   |   |   |   |
| Gross profit                                                                |   | $ | 1,033.2 |  |   | $ | 951.9 |  |   |   |
|                                                                        |   |   |   |   |   |   |
| Items excluded:                                                             |   |   |   |   |   |   |
|                                                                        |   |   |   |   |   |   |
| Gross profit charges associated with acquisition and integration of Warnaco |   | 1.0 |  |   | 65.3 |  |   |   |
|                                                                        |   |   |   |   |   |   |
| Non-GAAP gross profit                                                       |   | $ | 1,034.2 |  |   | $ | 1,017.2 |  |   |   |
|                                                                        |   |   |   |   |   |   |

----

|                                                                                                    |
|----------------------------------------------------------------------------------------------------|
|                                                                                                    |  |  |  |  |  |  |  |  |  |  |
| Table 5 - Reconciliation of GAAP SG&A to non-GAAP SG&A                                     |   |
|                                                                                               |   |   |   |   |   |   |
|                                                                                               |   | Quarter Ended |   |   |
|                                                                                               |   | 5/4/14 |   | 5/5/13 |   |   |
|                                                                                               |   |   |   |   |   |   |
| SG&A                                                                                           |   | $ | 859.1 |  |   | $ | 895.4 |  |   |   |
|                                                                                               |   |   |   |   |   |   |
| Items excluded:                                                                                    |   |   |   |   |   |   |
|                                                                                               |   |   |   |   |   |   |
| SG&A expenses associated with acquisition and integration of Warnaco and related restructuring |   | (31.6 | ) |   | (117.2 | ) |   |   |
|                                                                                               |   |   |   |   |   |   |
| Costs associated with the sale of Bass (recorded in SG&A)                                      |   | (1.0 | ) |   |   |   |   |
|                                                                                               |   |   |   |   |   |   |
| Net gain on deconsolidation of subsidiaries and consolidated joint venture                         |   | 8.0 |  |   |   |   |   |
|                                                                                               |   |   |   |   |   |   |
| Non-GAAP SG&A                                                                                  |   | $ | 834.5 |  |   | $ | 778.2 |  |   |   |
|                                                                                               |   |   |   |   |   |   |

|                                                                                                               |
|---------------------------------------------------------------------------------------------------------------|
|                                                                                                               |  |  |  |  |  |  |
| Table 6 - Reconciliation of GAAP net interest expense to non-GAAP net interest expense                        |   |
|                                                                                                          |   |   |   |   |
|                                                                                                          |   | Quarter Ended |   |   |
|                                                                                                          |   | 5/5/13 |   |   |
|                                                                                                          |   |   |   |   |
| Interest expense, net                                                                                         |   | $ | 45.9 |  |   |   |
|                                                                                                          |   |   |   |   |
| Items excluded:                                                                                               |   |   |   |   |
|                                                                                                          |   |   |   |   |
| Interest expense incurred prior to the Warnaco acquisition closing date associated with $700M of senior notes |   | (0.8 | ) |   |   |
|                                                                                                          |   |   |   |   |
| Non-GAAP interest expense, net                                                                                |   | $ | 45.1 |  |   |   |
|                                                                                                          |   |   |   |   |

----

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |  |  |  |  |  |  |  |  |  |  |
| Table 7 - Reconciliation of GAAP income tax expense (benefit) to non-GAAP income tax expense                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |   |   |   |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   | Quarter Ended |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   | 5/4/14 |   | 5/5/13 |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |   |   |   |   |   |
| Income tax expense (benefit)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |   | $ | 8.7 |  |   | $ | (17.2 | ) |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |   |   |   |   |   |
| Items excluded:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |   |   |   |   |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |   |   |   |   |   |
| Income tax effects of pre-tax items identified as non-GAAP exclusions (1)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   | 31.9 |  |   | 57.8 |  |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |   |   |   |   |   |
| Non-GAAP income tax expense                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   | $ | 40.6 |  |   | $ | 40.6 |  |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |   |   |   |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |   |   |   |   |   |
| (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 Company’s 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 to non-GAAP depreciation and amortization |   |
|                                                                                                     |   |   |   |   |   |   |
|                                                                                                     |   | Quarter Ended |   |   |
|                                                                                                     |   | 5/4/14 |   | 5/5/13 |   |   |
|                                                                                                     |   |   |   |   |   |   |
| Depreciation and amortization                                                                            |   | $ | 60.7 |  |   | $ | 84.2 |  |   |   |
|                                                                                                     |   |   |   |   |   |   |
| Items excluded:                                                                                          |   |   |   |   |   |   |
|                                                                                                     |   |   |   |   |   |   |
| Depreciation and amortization associated with acquisition and integration of Warnaco                     |   | (1.6 | ) |   | (32.1 | ) |   |   |
|                                                                                                     |   |   |   |   |   |   |
| Non-GAAP depreciation and amortization                                                                   |   | $ | 59.1 |  |   | $ | 52.1 |  |   |   |
|                                                                                                     |   |   |   |   |   |   |

----

|                                                                      |
|----------------------------------------------------------------------|
|                                                                      |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                                 |   | Quarter Ended |   |   |   | Quarter Ended |
|                                                                 |   | 5/4/14 |   |   |   | 5/5/13 |
|                                                                 |   | GAAP |   |   |   | Non-GAAP |   |   |   | GAAP |   |   |   | Non-GAAP |   |
|                                                                 |   | Results |   | Adjustments | (1)  | Results |   |   |   | Results |   | Adjustments | (2)  | Results |   |
|                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net income (loss) attributable to PVH Corp.                          |   | $ | 35.3 |  |   | $ | (86.8 | ) |   | $ | 122.1 |  |   |   |   | $ | (10.3 | ) |   | $ | (165.9 | ) |   | $ | 155.6 |  |   |
|                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Weighted average common shares                                       |   | 82.2 |  |   |   |   | 82.2 |  |   |   |   | 80.0 |  |   |   |   | 80.0 |  |   |
| Weighted average dilutive securities                                 |   | 1.0 |  |   |  |   | 1.0 |  |   |   |   |  |   | (1.7 | ) |   | 1.7 |  |   |
| Total shares                                                         |   | 83.2 |  |   |   |   | 83.2 |  |   |   |   | 80.0 |  |   |   |   | 81.7 |  |   |
|                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Diluted net income (loss) per common share attributable to PVH Corp. |   | $ | 0.42 |  |   |   |   | $ | 1.47 |  |   |   |   | $ | (0.13 | ) |   |   |   | $ | 1.91 |  |   |
|                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

|           |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
|-----------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (1)  | Represents the impact on net income in the quarter ended May 4, 2014 from the elimination of (i) costs incurred in connection with the Company’s integration of Warnaco and the related restructuring; (ii) the costs incurred in 2014 related to the sale of the Bass business; (iii) costs incurred in connection with the amendment and restatement of the Company’s credit facility and the redemption of its 7 3/8% senior notes due 2020; (iv) the net gain on the deconsolidation of certain Calvin Klein subsidiaries in Australia and the Company’s previously consolidated Calvin Klein joint venture in India; and (v) the tax effects associated with the foregoing items. Please see Table 1 for a reconciliation of GAAP net income to non-GAAP net income. |

----

|                                                                                 |
|---------------------------------------------------------------------------------|
|                                                                                 |  |  |  |  |  |  |  |
|                                                                            | 5/4/2014 |   | 5/5/2013 |
| ASSETS                                                                          |   |   |   |
| Current Assets:                                                                 |   |   |   |
| Cash and Cash Equivalents                                                       | $ | 513.0 |  |   | $ | 746.3 |  |
| Receivables                                                                     | 855.2 |  |   | 819.6 |  |
| Inventories                                                                     | 1,177.8 |  |   | 1,135.8 |  |
| Other Current Assets                                                            | 381.3 |  |   | 354.7 |  |
| Total Current Assets                                                            | 2,927.3 |  |   | 3,056.4 |  |
| Property, Plant and Equipment                                                   | 708.5 |  |   | 680.1 |  |
| Goodwill and Other Intangible Assets                                            | 7,663.0 |  |   | 7,543.6 |  |
| Other Assets                                                                    | 330.2 |  |   | 312.6 |  |
|                                                                            | $ | 11,629.0 |  |   | $ | 11,592.7 |  |
|                                                                            |   |   |   |
| LIABILITIES, REDEEMABLE NON-CONTROLLING INTEREST AND STOCKHOLDERS’ EQUITY |   |   |   |
| Accounts Payable and Accrued Expenses                                           | $ | 1,222.3 |  |   | $ | 1,176.5 |  |
| Short-Term Borrowings                                                           | 144.8 |  |   | 14.7 |  |
| Current Portion of Long-Term Debt                                               | 99.3 |  |   | 98.8 |  |
| Other Liabilities                                                               | 1,821.1 |  |   | 1,813.7 |  |
| Long-Term Debt                                                                  | 3,862.0 |  |   | 4,362.3 |  |
| Redeemable Non-Controlling Interest                                             | — |  |   | 5.7 |  |
| Stockholders’ Equity                                                      | 4,479.5 |  |   | 4,121.0 |  |
|                                                                            | $ | 11,629.0 |  |   | $ | 11,592.7 |  |

----

|                               |
|-------------------------------|
|                               |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| PVH CORP.                     |   |   |   |   |   |   |   |   |   |   |
| Segment Data                  |   |   |   |   |   |   |   |   |   |   |
| (In millions)                 |   |   |   |   |   |   |   |   |   |   |
|                          |   |   |   |   |   |   |   |   |   |   |
| REVENUE BY SEGMENT            |   |   |   |   |   |   |   |   |   |   |
|                          |   | Quarter Ended |   |   |   | Quarter Ended |
|                          |   | 5/4/14 |   |   |   | 5/5/13 |
|                          |   |   |   |   |   | Results Under |   |   |   | Non-GAAP |
| Calvin Klein North America    |   |   |   |   |   | GAAP |   | Adjustments(1) |   | Results |
| Net sales                     |   | $ | 301.6 |  |   |   |   | $ | 293.3 |  |   |   |   | $ | 293.3 |  |
| Royalty revenue               |   | 25.5 |  |   |   |   | 25.4 |  |   |   |   | 25.4 |  |
| Advertising and other revenue |   | 10.5 |  |   |   |   | 8.7 |  |   |   |   | 8.7 |  |
| Total                         |   | 337.6 |  |   |   |   | 327.4 |  |   |   |   | 327.4 |  |
|                          |   |   |   |   |   |   |   |   |   |   |
| Calvin Klein International    |   |   |   |   |   |   |   |   |   |   |
| Net sales                     |   | 300.2 |  |   |   |   | 255.2 |  |   | $ | (30.0 | ) |   | 285.2 |  |
| Royalty revenue               |   | 19.4 |  |   |   |   | 18.4 |  |   |   |   | 18.4 |  |
| Advertising and other revenue |   | 8.1 |  |   |   |   | 6.9 |  |   |   |   | 6.9 |  |
| Total                         |   | 327.7 |  |   |   |   | 280.5 |  |   | (30.0 | ) |   | 310.5 |  |
|                          |   |   |   |   |   |   |   |   |   |   |
| Total Calvin Klein            |   |   |   |   |   |   |   |   |   |   |
| Net sales                     |   | 601.8 |  |   |   |   | 548.5 |  |   | (30.0 | ) |   | 578.5 |  |
| Royalty revenue               |   | 44.9 |  |   |   |   | 43.8 |  |   |   |   | 43.8 |  |
| Advertising and other revenue |   | 18.6 |  |   |   |   | 15.6 |  |   |   |   | 15.6 |  |
| Total                         |   | 665.3 |  |   |   |   | 607.9 |  |   | (30.0 | ) |   | 637.9 |  |
|                          |   |   |   |   |   |   |   |   |   |   |
| Tommy Hilfiger North America  |   |   |   |   |   |   |   |   |   |   |
| Net sales                     |   | 354.2 |  |   |   |   | 337.7 |  |   |   |   | 337.7 |  |
| Royalty revenue               |   | 6.0 |  |   |   |   | 6.4 |  |   |   |   | 6.4 |  |
| Advertising and other revenue |   | 2.2 |  |   |   |   | 2.5 |  |   |   |   | 2.5 |  |
| Total                         |   | 362.4 |  |   |   |   | 346.6 |  |   |   |   | 346.6 |  |
|                          |   |   |   |   |   |   |   |   |   |   |
| Tommy Hilfiger International  |   |   |   |   |   |   |   |   |   |   |
| Net sales                     |   | 484.6 |  |   |   |   | 451.8 |  |   |   |   | 451.8 |  |
| Royalty revenue               |   | 14.0 |  |   |   |   | 11.8 |  |   |   |   | 11.8 |  |
| Advertising and other revenue |   | 1.4 |  |   |   |   | 1.2 |  |   |   |   | 1.2 |  |
| Total                         |   | 500.0 |  |   |   |   | 464.8 |  |   |   |   | 464.8 |  |
|                          |   |   |   |   |   |   |   |   |   |   |
| Total Tommy Hilfiger          |   |   |   |   |   |   |   |   |   |   |
| Net sales                     |   | 838.8 |  |   |   |   | 789.5 |  |   |   |   | 789.5 |  |
| Royalty revenue               |   | 20.0 |  |   |   |   | 18.2 |  |   |   |   | 18.2 |  |
| Advertising and other revenue |   | 3.6 |  |   |   |   | 3.7 |  |   |   |   | 3.7 |  |
| Total                         |   | 862.4 |  |   |   |   | 811.4 |  |   |   |   | 811.4 |  |
|                          |   |   |   |   |   |   |   |   |   |   |
| Heritage Brands Wholesale     |   |   |   |   |   |   |   |   |   |   |
| Net sales                     |   | 354.9 |  |   |   |   | 354.5 |  |   |   |   | 354.5 |  |
| Royalty revenue               |   | 3.9 |  |   |   |   | 4.0 |  |   |   |   | 4.0 |  |
| Advertising and other revenue |   | 0.5 |  |   |   |   | 0.6 |  |   |   |   | 0.6 |  |
| Total                         |   | 359.3 |  |   |   |   | 359.1 |  |   |   |   | 359.1 |  |
|                          |   |   |   |   |   |   |   |   |   |   |
| Heritage Brands Retail        |   |   |   |   |   |   |   |   |   |   |
| Net sales                     |   | 76.0 |  |   |   |   | 130.5 |  |   |   |   | 130.5 |  |
| Royalty revenue               |   | 0.6 |  |   |   |   | 1.1 |  |   |   |   | 1.1 |  |
| Advertising and other revenue |   | 0.1 |  |   |   |   | 0.2 |  |   |   |   | 0.2 |  |
| Total                         |   | 76.7 |  |   |   |   | 131.8 |  |   |   |   | 131.8 |  |
|                          |   |   |   |   |   |   |   |   |   |   |
| Total Heritage Brands         |   |   |   |   |   |   |   |   |   |   |
| Net sales                     |   | 430.9 |  |   |   |   | 485.0 |  |   |   |   | 485.0 |  |
| Royalty revenue               |   | 4.5 |  |   |   |   | 5.1 |  |   |   |   | 5.1 |  |
| Advertising and other revenue |   | 0.6 |  |   |   |   | 0.8 |  |   |   |   | 0.8 |  |
| Total                         |   | 436.0 |  |   |   |   | 490.9 |  |   |   |   | 490.9 |  |
|                          |   |   |   |   |   |   |   |   |   |   |
| Total Revenue                 |   |   |   |   |   |   |   |   |   |   |
| Net sales                     |   | 1,871.5 |  |   |   |   | 1,823.0 |  |   | (30.0 | ) |   | 1,853.0 |  |
| Royalty revenue               |   | 69.4 |  |   |   |   | 67.1 |  |   |   |   | 67.1 |  |
| Advertising and other revenue |   | 22.8 |  |   |   |   | 20.1 |  |   |   |   | 20.1 |  |
| Total                         |   | $ | 1,963.7 |  |   |   |   | $ | 1,910.2 |  |   | $ | (30.0 | ) |   | $ | 1,940.2 |  |
|                          |   |   |   |   |   |   |   |   |   |   |

|           |                                                                                                                                                                                                              |
|-----------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (1)  | Adjustments for the quarter ended May 5, 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 |   |   |   |   |
|                                          |   |   |   |   |   |   |   |
|                                          |   | Quarter Ended |   |   |   | Quarter Ended |   |
|                                          |   | 5/4/14 |   |   |   | 5/5/13 |   |
|                                          |   | Results |   |   |   |   |   |   |   | Results |   |   |   |   |   |
|                                          |   | Under |   |   |   | Non-GAAP |   |   |   | Under |   |   |   | Non-GAAP |   |
|                                          |   | GAAP |   | Adjustments(1) |   | Results |   |   |   | GAAP |   | Adjustments(2) |   | Results |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Calvin Klein North America                    |   | $ | 41.1 |  |   | $ | (5.0 | ) |   | $ | 46.1 |  |   |   |   | $ | 12.4 |  |   | $ | (41.1 | ) |   | $ | 53.5 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Calvin Klein International                    |   | 32.8 |  |   | (3.2 | ) |   | 36.0 |  |   |   |   | (36.5 | ) |   | (88.8 | ) |   | 52.3 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total Calvin Klein                            |   | 73.9 |  |   | (8.2 | ) |   | 82.1 |  |   |   |   | (24.1 | ) |   | (129.9 | ) |   | 105.8 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Tommy Hilfiger North America                  |   | 40.2 |  |   |   |   | 40.2 |  |   |   |   | 46.0 |  |   |  |  |   | 46.0 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Tommy Hilfiger International                  |   | 75.0 |  |   |   |   | 75.0 |  |   |   |   | 72.1 |  |   |  |  |   | 72.1 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total Tommy Hilfiger                          |   | 115.2 |  |   |  |  |   | 115.2 |  |   |   |   | 118.1 |  |   |  |  |   | 118.1 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Heritage Brands Wholesale                     |   | 27.0 |  |   | (4.0 | ) |   | 31.0 |  |   |   |   | 28.4 |  |   | $ | (17.5 | ) |   | 45.9 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Heritage Brands Retail                        |   | (3.2 | ) |   | (1.0 | ) |   | (2.2 | ) |   |   |   | (6.8 | ) |   |   |   | (6.8 | ) |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total Heritage Brands                         |   | 23.8 |  |   | (5.0 | ) |   | 28.8 |  |   |   |   | 21.6 |  |   | (17.5 | ) |   | 39.1 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Corporate                                     |   | (128.4 | ) |   | (105.5 | ) |   | (22.9 | ) |   |   |   | (97.2 | ) |   | (75.5 | ) |   | (21.7 | ) |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total earnings before interest and taxes      |   | $ | 84.5 |  |   | $ | (118.7 | ) |   | $ | 203.2 |  |   |   |   | $ | 18.4 |  |   | $ | (222.9 | ) |   | $ | 241.3 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

|           |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
|-----------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (1)  | Adjustments for the quarter ended May 4, 2014 represent the elimination of (i) costs incurred in connection with the Company’s integration of Warnaco and the related restructuring; (ii) costs incurred in 2014 related to the sale of the Bass business; (iii) the costs incurred in connection with the amendment and restatement of the Company’s credit facility and the redemption of its 7 3/8% senior notes due 2020; and (iv) the net gain on the deconsolidation of certain Calvin Klein subsidiaries in Australia and the Company’s previously consolidated Calvin Klein joint venture in India. |

|           |                                                                                                                                                                                                                                                                                                                     |
|-----------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (2)  | Adjustments for the quarter ended May 5, 2013 represent the elimination of (i) costs incurred in connection with the Company’s acquisition and integration of Warnaco and the related restructuring; and (ii) 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) |  | Second Quarter2014(Estimated) |  | Full Year      2014(Estimated) | First Quarter2014(Estimated) |
|                                                                                                                   |  |  |  |  |  |  |  |
| GAAP net income per common share attributable to PVH Corp.                                                        |  | $5.59 - $5.69 |  | $1.14 - $1.19 |  | $5.67 - $5.77 | $0.28 - $0.33 |
| Estimated per common share impact of items identified as non-GAAP exclusions                                      |  | $1.71 |  | $0.26 |  | $1.73 | $1.17 |
| Net income per common share attributable to PVH Corp. excluding impact of items identified as non-GAAP exclusions |  | $7.30 -$7.40 |  | $1.40 - $1.45 |  | $7.40 -$7.50 | $1.45 - $1.50 |

|                                                                                                                   |
|-------------------------------------------------------------------------------------------------------------------|
|                                                                                                                   |  |  |  |  |  |
| Net Income Per Common Share Reconciliations                                                                       |   | Second Half      2014(Estimated) |   | Second Half2013(Actual) |   |
|                                                                                                              |   |   |   |   |   |
| GAAP net income per common share attributable to PVH Corp.                                                        |   | $3.98 - $4.13 |   | $1.91 |   |
| Estimated/ actual per common share impact of items identified as non-GAAP exclusions                              |   | $0.40 |   | $1.82 |   |
| Net income per common share attributable to PVH Corp. excluding impact of items identified as non-GAAP exclusions |   | $4.38 -$4.53 |   | $3.73 |   |

----

|                                                       |
|-------------------------------------------------------|
|                                                       |  |  |  |
| 2014 Tax Rate Reconciliation                          |   | Full Year 2014(Estimated) |   |
|                                                  |   |   |   |
| GAAP tax rate range                                   |   | 22.9%- 23.9% |   |
| Tax impact of items identified as non-GAAP exclusions |   | 0.6% |   |
| Non-GAAP tax rate range                               |   | 23.5%- 24.5% |   |

|                                                                      |
|----------------------------------------------------------------------|
|                                                                      |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                                 |   | Full Year 2013 |   | Second 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 |  |   | $ | (5.4 | ) |   | $ | (120.9 | ) |   | $ | 115.5 |  |
| Total weighted average shares                                        |   | 82.6 |  |   |   |   | 82.6 |  |   | 81.3 |  |   | (1.7 | ) |   | 83.0 |  |
|                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |
| Diluted net income (loss) per common share attributable to PVH Corp. |   | $ | 1.74 |  |   |   |   | $ | 7.03 |  |   | $ | (0.07 | ) |   |   |   | $ | 1.39 |  |