|         |                                                                                    |
|---------|------------------------------------------------------------------------------------|
| • | THIRD QUARTER NON-GAAP EPS OF $2.30 EXCEEDED GUIDANCE OF $2.25; GAAP EPS WAS $2.37 |

|         |                                                                                                  |
|---------|--------------------------------------------------------------------------------------------------|
| • | IN LIGHT OF CURRENT ENVIRONMENT, COMPANY MAINTAINS FULL YEAR 2013 NON-GAAP EPS GUIDANCE OF $7.00 |

|         |                                                                                                                                                                                     |
|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Earnings per share was $2.30 on a non-GAAP basis, which exceeded the Company’s guidance of $2.25. The prior year’s third quarter non-GAAP earnings per share was $2.38. |

|         |                                                                                                                    |
|---------|--------------------------------------------------------------------------------------------------------------------|
| • | GAAP earnings per share was $2.37 as compared to the prior year’s third quarter earnings per share of $2.27. |

|         |                                                                                                                                                                                                                                                                              |
|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Revenue increased 38% to $2.259 billion, as compared to the prior year’s third quarter. The increase over the prior year was principally driven by the addition of approximately $503 million of revenue related to the Warnaco businesses acquired early in 2013, net |

----

----

----

----

----

|         |                                                                                            |
|---------|--------------------------------------------------------------------------------------------|
| • | On a non-GAAP basis, earnings per share was $5.60 as compared to $4.99 for the prior year. |

|         |                                                                            |
|---------|----------------------------------------------------------------------------|
| • | GAAP earnings per share was $1.95 as compared to $4.79 for the prior year. |

|         |                                                                                                                                                                                                              |
|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Revenue on a non-GAAP basis increased $1.757 billion, or 40%, to $6.164 billion as compared to the prior year’s amount of $4.407 billion (which was in accordance with GAAP). The increase was due to: |

|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| ◦ | A $1.275 billion increase in the Calvin Klein business, driven by (i) the addition of $1.162 billion attributable to the Warnaco businesses acquired, which generally exceeded plan, net of the reduction in licensing revenue attributable to Warnaco; (ii) a 3% increase in comparable store sales and square footage expansion in the North America retail business; and (iii) a 16% increase in the pre-acquisition North America wholesale sportswear business. Royalty revenue decreased 31% as compared to the prior year, due principally to the loss of Warnaco royalties that were included in the prior year and the expiration of a long-term contractual agreement related to royalties in the North America women’s sportswear business, which together totaled $76 million. Excluding the expiration of this contract and the loss of Warnaco royalties, royalty revenue increased 10%, driven by strength in women’s sportswear, handbags and accessories and suits, as well as men’s and women’s outerwear. |

|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| ◦ | A 9%, or $205 million, increase in the Tommy Hilfiger business. Revenue in the Tommy Hilfiger North America business increased 11%, driven by 5% comparable store sales growth, retail square footage expansion and double-digit growth in the North America wholesale business. Revenue in the Tommy Hilfiger International business increased 7%, driven by 5% European retail comparable store sales growth, retail square footage expansion and a 9% increase in the Europe wholesale business, partially offset by continued underperformance in Japan, where the Company continues its efforts to strategically reposition the brand. |

|         |                                                                                                                                                                        |
|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| ◦ | A 22%, or $277 million, increase in the Heritage Brands business, driven by the addition of $335 million attributable to the newly acquired Speedo, Warner’s and |

----

|         |                                                                                                                                                                                                                                                        |
|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | GAAP revenue of $6.134 billion was $30 million lower than non-GAAP revenue due to sales returns accepted from certain Warnaco wholesale customers in Asia during the first quarter in connection with an initiative to reduce excess inventory levels. |

|         |                                                                                                        |
|---------|--------------------------------------------------------------------------------------------------------|
| • | On a non-GAAP basis, earnings before interest and taxes increased $189 million to $760 million due to: |

|         |                                                                                                                                                                                                                         |
|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| ◦ | A $134 million increase in the Calvin Klein business, driven primarily by the addition of earnings related to the Warnaco businesses acquired and strong performance in the Company’s pre-acquisition businesses. |

|         |                                                                                                                 |
|---------|-----------------------------------------------------------------------------------------------------------------|
| ◦ | A $26 million increase in the Tommy Hilfiger business, due principally to the revenue increase mentioned above. |

|         |                                                                                                                                                                                                                                                                                                                                                                                                |
|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| ◦ | A $37 million increase in the Heritage Brands business, driven by (i) the addition of earnings related to the newly acquired Speedo, Warner’s and Olga businesses; and (ii) growth in the Company’s pre-acquisition wholesale sportswear and dress furnishings businesses, partially offset by weakness in the Heritage Brands Retail business, particularly in the Bass division. |

|         |                                                                                                                                                                         |
|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| ◦ | A $9 million increase in corporate expenses, due principally to the addition of Warnaco corporate expenses, net of savings and synergies realized from the acquisition. |

|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | GAAP earnings before interest and taxes decreased $221 million to $330 million as compared to the prior year. The earnings decrease was primarily due to (i) an increase over the prior year of $429 million of costs related to the acquisition, integration, restructuring and debt modification and extinguishment charges related to the Warnaco acquisition; and (ii) a $19 million loss recorded in connection with the sale of the Bass division; partially offset by (i) $24 million of 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; (ii) the absence in 2013 of $14 million of costs related to the integration of Tommy Hilfiger and the related restructuring; and (iii) the net non- |

----

|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | On a non-GAAP basis, net interest expense increased to $138 million as compared to $86 million in the prior year period (which was in accordance with GAAP), due to an increase in the Company’s total indebtedness incurred in connection with the Warnaco acquisition. GAAP net interest expense was $139 million. During the first nine months of 2013, the Company made debt repayments totaling $203 million on its outstanding term loans. |

|         |                                                                                                                                                                                                                                                                                                                                         |
|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | On a non-GAAP basis, the effective tax rate was 25.7% as compared to 24.2% in the prior year period. The GAAP effective tax rate was 15.5% as compared to 24.0% for the prior year period. The impact of the Warnaco acquisition on pre-tax income resulted in a decrease in the GAAP effective tax rate as compared to the prior year. |

----

----

----

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

|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Pre-tax costs of approximately $500 million expected to be 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 and the sales returns mentioned above, of which $236 million was incurred in the first quarter, $140 million was incurred in the second quarter, $61 million was incurred in the third quarter and approximately $63 million is expected to be incurred in the fourth quarter. Approximately $240 million of the acquisition, |

----

|         |                                                                                                                                                                                       |
|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Pre-tax income of $24 million 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 approximately $19 million incurred in the third quarter of 2013 in connection with the sale of substantially all of the assets of the Bass division, which closed on November 4, 2013. |

|         |                                                                                                                                                      |
|---------|------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | A tax expense of $28 million recorded in the second quarter of 2013 associated with non-recurring discrete items related to the Warnaco integration. |

|         |                                                                                                                                                     |
|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------|
| • | A tax benefit of $28 million recorded in the third quarter of 2013 associated with non-recurring discrete items related to the Warnaco integration. |

|         |                                                                                                                                                                                                                                                                                                                                                     |
|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Pre-tax costs of $21 million incurred in 2012 principally in connection with the integration of Tommy Hilfiger and the related restructuring, of which $3 million was incurred in the first quarter, $5 million was incurred in the second quarter, $7 million was incurred in the third quarter and $6 million was incurred in the fourth quarter. |

|         |                                                                                                                                                                                                        |
|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Pre-tax costs of $46 million incurred in 2012 in connection with the acquisition of Warnaco, of which $6 million was incurred in the third quarter and $40 million was incurred in the fourth quarter. |

|         |                                                                                                                                     |
|---------|-------------------------------------------------------------------------------------------------------------------------------------|
| • | A pre-tax expense of $28 million recorded in the fourth quarter of 2012 related to recognized actuarial losses on retirement plans. |

|         |                                                                                                                                                                                                                                                |
|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | A tax benefit of $14 million in 2012 related to the recognition of previously unrecognized net operating loss assets and tax credits, of which $5 million was recorded in the third quarter and $9 million was recorded in the fourth quarter. |

|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Estimated tax effects associated with the above pre-tax items, which are based on the Company’s assessment of deductibility. In making this assessment, the Company evaluated each item that it 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 |

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|                                                                             |
|-----------------------------------------------------------------------------|
|                                                                             |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                                        |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                        |   | Quarter Ended |   |   |   | Nine Months Ended |   |   |
|                                                                        |   | 11/3/13 |   | 10/28/12 |   |   |   | 11/3/13 |   | 10/28/12 |   |   |
|                                                                        |   |   |   |   |   |   |   |   |   |   |   |   |
| Net sales                                                                   |   | $ | 2,145,165 |  |   | $ | 1,501,442 |  |   |   |   | $ | 5,852,649 |  |   | $ | 4,033,911 |  |   |   |
| Royalty revenue                                                             |   | 85,443 |  |   | 103,944 |  |   |   |   | 215,071 |  |   | 271,917 |  |   |   |
| Advertising and other revenue                                               |   | 28,517 |  |   | 37,384 |  |   |   |   | 66,412 |  |   | 100,971 |  |   |   |
| Total revenue                                                               |   | $ | 2,259,125 |  |   | $ | 1,642,770 |  |   |   |   | $ | 6,134,132 |  |   | $ | 4,406,799 |  |   |   |
|                                                                        |   |   |   |   |   |   |   |   |   |   |   |   |
| Gross profit on net sales                                                   |   | $ | 1,057,818 |  |   | $ | 727,756 |  |   |   |   | $ | 2,868,244 |  |   | $ | 1,995,686 |  |   |   |
| Gross profit on royalty, advertising and other revenue                      |   | 113,960 |  |   | 141,328 |  |   |   |   | 281,483 |  |   | 372,888 |  |   |   |
| Total gross profit                                                          |   | 1,171,778 |  |   | 869,084 |  |   |   |   | 3,149,727 |  |   | 2,368,574 |  |   |   |
|                                                                        |   |   |   |   |   |   |   |   |   |   |   |   |
| Selling, general and administrative expenses                                |   | 927,370 |  |   | 631,139 |  |   |   |   | 2,787,846 |  |   | 1,823,143 |  |   |   |
|                                                                        |   |   |   |   |   |   |   |   |   |   |   |   |
| Debt modification and extinguishment costs                                  |   |  |  |   |   |   |   |   | 40,395 |  |   |   |   |   |
|                                                                        |   |   |   |   |   |   |   |   |   |   |   |   |
| Equity in income of unconsolidated affiliates, net                          |   | 4,916 |  |   | 3,193 |  |   |   |   | 8,056 |  |   | 5,043 |  |   |   |
|                                                                        |   |   |   |   |   |   |   |   |   |   |   |   |
| Earnings before interest and taxes                                          |   | 249,324 |  |   | 241,138 |  |   |   |   | 329,542 |  |   | 550,474 |  |   |   |
|                                                                        |   |   |   |   |   |   |   |   |   |   |   |   |
| Interest expense, net                                                       |   | 45,968 |  |   | 28,284 |  |   |   |   | 139,296 |  |   | 85,883 |  |   |   |
|                                                                        |   |   |   |   |   |   |   |   |   |   |   |   |
| Pre-tax income                                                              |   | 203,356 |  |   | 212,854 |  |   |   |   | 190,246 |  |   | 464,591 |  |   |   |
|                                                                        |   |  |  |   |   |   |   |   |   |   |   |   |   |
| Income tax expense                                                          |   | 6,721 |  |   | 45,156 |  |   |   |   | 29,533 |  |   | 111,499 |  |   |   |
|                                                                        |   |   |   |   |   |   |   |   |   |   |   |   |
| Net income                                                                  |   | 196,635 |  |   | 167,698 |  |   |   |   | 160,713 |  |   | 353,092 |  |   |   |
|                                                                        |   |   |   |   |   |   |   |   |   |   |   |   |
| Less: Net (loss) income attributable to redeemable non-controlling interest |   | (78 | ) |   |  |   |   |   | 48 |  |   |   |   |   |
|                                                                        |   |   |   |   |   |   |   |   |   |   |   |   |
| Net income attributable to PVH Corp.                                        |   | $ | 196,713 |  |   | $ | 167,698 |  |   |   |   | $ | 160,665 |  |   | $ | 353,092 |  |   |   |
|                                                                        |   |   |   |   |   |   |   |   |   |   |   |   |
| Diluted net income per common share attributable to PVH Corp.(1)            |   | $ | 2.37 |  |   | $ | 2.27 |  |   |   |   | $ | 1.95 |  |   | $ | 4.79 |  |   |   |
|                                                                        |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                        |   | Quarter Ended |   |   |   | Nine Months Ended |   |   |
|                                                                        |   | 11/3/13 |   | 10/28/12 |   |   |   | 11/3/13 |   | 10/28/12 |   |   |
|                                                                        |   |   |   |   |   |   |   |   |   |   |   |   |
| Depreciation and amortization expense                                       |   | $ | 61,668 |  |   | $ | 34,752 |  |   |   |   | $ | 267,016 |  |   | $ | 102,544 |  |   |   |
|                                                                        |   |   |   |   |   |   |   |   |   |   |   |

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

----

|                                                                  |
|------------------------------------------------------------------|
|                                                                  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                             |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                             |   | Quarter Ended |   |   |   | Nine Months Ended |   |   |
|                                                             |   | 11/3/13 |   | 10/28/12 |   |   |   | 11/3/13 |   | 10/28/12 |   |   |
|                                                             |   |   |   |   |   |   |   |   |   |   |   |   |
| Non-GAAP Measures                                                |   |   |   |   |   |   |   |   |   |   |   |   |
| Total revenue(1)                                                 |   |  |  |   |  |  |   |   |   | $ | 6,164,132 |  |   |  |  |   |   |
| Total gross profit(2)                                            |   | $ | 1,168,151 |  |   |  |  |   |   |   | 3,226,573 |  |   |  |  |   |   |
| Selling, general and administrative expenses(3)                  |   | 867,557 |  |   | $ | 618,166 |  |   |   |   | 2,474,513 |  |   | $ | 1,802,313 |  |   |   |
| Earnings before interest and taxes(4)                            |   | 305,510 |  |   | 254,111 |  |   |   |   | 760,116 |  |   | 571,304 |  |   |   |
| Interest expense, net(5)                                         |   |  |  |   |   |   |   |   | 138,456 |  |   |   |   |   |
| Income tax expense(6)                                            |   | 68,778 |  |   | 50,069 |  |   |   |   | 159,631 |  |   | 117,595 |  |   |   |
| Net income attributable to PVH Corp.(7)                          |   | 190,842 |  |   | 175,758 |  |   |   |   | 461,981 |  |   | 367,826 |  |   |   |
| Diluted net income per common share attributable to PVH Corp.(8) |   | $ | 2.30 |  |   | $ | 2.38 |  |   |   |   | $ | 5.60 |  |   | $ | 4.99 |  |   |   |
|                                                             |   |   |   |   |   |   |   |   |   |   |   |   |
| Depreciation and amortization expense(9)                         |   | $ | 52,393 |  |   |  |  |   |   |   | $ | 162,691 |  |   |  |  |   |   |
|                                                             |   |   |   |   |   |   |   |   |   |

|                                                                                                                                                                                                                                       |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                                                                       |
| (1)    Please see Table 2 for reconciliation of GAAP to non-GAAP revenue.                                                                                                                                         |
| (2)    Please see Table 4 for reconciliation of GAAP to non-GAAP gross profit.                                                                                                                                    |
| (3)    Please see Table 5 for reconciliation of GAAP to non-GAAP selling, general and administrative expenses (“SG&A”).                                                                           |
| (4)    Please see Table 3 for reconciliation of GAAP to non-GAAP earnings before interest and taxes.                                                                                                              |
| (5)    Please see Table 6 for reconciliation of GAAP to non-GAAP interest expense.                                                                                                                                |
| (6)    Please see Table 7 for reconciliation of GAAP 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 reconciliation of GAAP to non-GAAP net income.                                                                                                                                      |
| (8)    Please see Note A in the Notes to Consolidated GAAP Income Statements for reconciliations of diluted net income per common share.                                                                          |
| (9)    Please see Table 8 for reconciliation of GAAP depreciation and amortization expense to non-GAAP depreciation and amortization expense.                                                                     |

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|                                                                                                                                                            |
|------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                            |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Table 1 - Reconciliation of GAAP net income to non-GAAP net income                                                                                         |   |   |   |   |   |   |   |   |
|                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                       |   | Quarter Ended |   |   |   | Nine Months Ended |   |   |
|                                                                                                                                                       |   | 11/3/13 |   | 10/28/12 |   |   |   | 11/3/13 |   | 10/28/12 |   |   |
|                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| Net income attributable to PVH Corp.                                                                                                                       |   | $ | 196,713 |  |   | $ | 167,698 |  |   |   |   | $ | 160,665 |  |   | $ | 353,092 |  |   |   |
|                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| Diluted net income per common share attributable to PVH Corp.(1)                                                                                           |   | $ | 2.37 |  |   | $ | 2.27 |  |   |   |   | $ | 1.95 |  |   | $ | 4.79 |  |   |   |
|                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| Items excluded:                                                                                                                                            |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| Gross profit associated with Warnaco acquisition (including short-lived non-cash inventory valuation adjustments)                                          |   |  |   |  |   |   |   | 50,473 |  |   |   |   |   |
|                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| Gross profit impact of sales returns for certain Warnaco wholesale customers in connection with initiative to reduce excess inventory levels               |   | (3,627 | ) |   |  |   |   |   | 26,373 |  |   |   |   |   |
|                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| SG&A expenses associated with acquisition and integration of Warnaco and related restructuring                                                         |   | 55,394 |  |   | 6,412 |  |   |   |   | 213,864 |  |   | 6,412 |  |   |   |
|                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| Loss recorded on the sale of Bass (recorded in SG&A)                                                                                                   |   | 19,453 |  |   |  |   |   |   | 19,453 |  |   |  |   |   |
|                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
|  SG&A impact of the amendment of an unfavorable contract                                                                                          |   | (24,309 | ) |   |   |   |   |   | (24,309 | ) |   |   |   |   |
|                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| SG&A expenses associated with Tommy Hilfiger integration and related restructuring                                                                     |   |  |   | 6,561 |  |   |   |   |  |   | 14,418 |  |   |   |
|                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| Depreciation and amortization related to Warnaco acquisition (principally non-cash valuation amortization recorded in SG&A)                            |   | 9,275 |  |   |   |   |   |   | 104,325 |  |   |   |   |   |
|                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| Debt modification and extinguishment costs                                                                                                                 |   |  |   |  |   |   |   | 40,395 |  |   |   |   |   |
|                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| Interest expense incurred prior to the Warnaco acquisition closing date associated with $700M of senior notes                                              |   |  |   |  |   |   |   | 840 |  |   |   |   |   |
|                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| Tax effect of the items above(2)                                                                                                                           |   | (34,537 | ) |   | (413 | ) |   |   |   | (130,602 | ) |   | (1,596 | ) |   |   |
|                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| Tax benefit resulting from previously unrecognized tax credits                                                                                             |   |   |   | (4,500 | ) |   |   |   |   |   | (4,500 | ) |   |   |
|                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| Discrete tax items related to the Warnaco integration                                                                                                      |   | (27,520 | ) |   |   |   |   |   | 504 |  |   |   |   |   |
|                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| Non-GAAP net income attributable to PVH Corp.                                                                                                              |   | $ | 190,842 |  |   | $ | 175,758 |  |   |   |   | $ | 461,981 |  |   | $ | 367,826 |  |   |   |
|                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| Non-GAAP diluted net income per common share attributable to PVH Corp.(1)                                                                                  |   | $ | 2.30 |  |   | $ | 2.38 |  |   |   |   | $ | 5.60 |  |   | $ | 4.99 |  |   |   |
|                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| (1)   Please see Note A in the Notes to the Consolidated GAAP Income Statements for reconciliations of diluted net income per common share. |
| (2)   Please see Table 7 for an explanation of the calculation of the tax effects of the above items.                                       |

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|                                                                                                                                                |
|------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                |  |  |  |  |  |  |
| Table 2 - Reconciliation of GAAP revenue to non-GAAP revenue                                                                                   |   |   |   |   |
|                                                                                                                                           |   |   |   |   |
|                                                                                                                                           |   | Nine Months Ended |   |   |
|                                                                                                                                           |   | 11/3/13 |   |   |
|                                                                                                                                           |   |   |   |   |
| Revenue                                                                                                                                        |   | $ | 6,134,132 |  |   |   |
|                                                                                                                                           |   |   |   |   |
| Items excluded:                                                                                                                                |   |   |   |   |
|                                                                                                                                           |   |   |   |   |
| Revenue reduction due to sales returns for certain Warnaco wholesale customers in connection with initiative to reduce excess inventory levels |   | 30,000 |  |   |   |
|                                                                                                                                           |   |   |   |   |
| Non-GAAP revenue                                                                                                                               |   | $ | 6,164,132 |  |   |   |
|                                                                                                                                           |   |   |   |   |

|                                                                                                                                              |
|----------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                              |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Table 3 - Reconciliation of GAAP earnings before interest and taxes to non-GAAP earnings before interest and taxes                           |   |   |
|                                                                                                                                         |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                         |   | Quarter Ended |   |   |   | Nine Months Ended |   |   |
|                                                                                                                                         |   | 11/3/13 |   | 10/28/12 |   |   |   | 11/3/13 |   | 10/28/12 |   |   |
|                                                                                                                                         |   |   |   |   |   |   |   |   |   |   |   |   |
| Earnings before interest and taxes                                                                                                           |   | $ | 249,324 |  |   | $ | 241,138 |  |   |   |   | $ | 329,542 |  |   | $ | 550,474 |  |   |   |
|                                                                                                                                         |   |   |   |   |   |   |   |   |   |   |   |   |
| Items excluded:                                                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                         |   |   |   |   |   |   |   |   |   |   |   |   |
| Gross profit associated with Warnaco acquisition (including short-lived non-cash inventory valuation adjustments)                            |   |  |   |  |   |   |   | 50,473 |  |   |   |   |   |
|                                                                                                                                         |   |   |   |   |   |   |   |   |   |   |   |   |
| Gross profit impact of sales returns for certain Warnaco wholesale customers in connection with initiative to reduce excess inventory levels |   | (3,627 | ) |   |  |   |   |   | 26,373 |  |   |  |   |   |
|                                                                                                                                         |   |   |   |   |   |   |   |   |   |   |   |   |
| SG&A expenses associated with acquisition and integration of Warnaco and related restructuring                                           |   | 55,394 |  |   | 6,412 |  |   |   |   | 213,864 |  |   | 6,412 |  |   |   |
|                                                                                                                                         |   |   |   |   |   |   |   |   |   |   |   |   |
| Loss recorded on the sale of Bass (recorded in SG&A)                                                                                     |   | 19,453 |  |   |   |   |   |   | 19,453 |  |   |   |   |   |
|                                                                                                                                         |   |   |   |   |   |   |   |   |   |   |   |   |
| SG&A impact of the amendment of an unfavorable contract                                                                                  |   | (24,309 | ) |   |   |   |   |   | (24,309 | ) |   |   |   |   |
|                                                                                                                                         |   |   |   |   |   |   |   |   |   |   |   |   |
| SG&A expenses associated with Tommy Hilfiger integration and related restructuring                                                       |   |  |   | 6,561 |  |   |   |   |  |   | 14,418 |  |   |   |
|                                                                                                                                         |   |   |   |   |   |   |   |   |   |   |   |   |
| Depreciation and amortization related to Warnaco acquisition (principally non-cash valuation amortization recorded in SG&A)              |   | 9,275 |  |   |  |   |   |   | 104,325 |  |   |  |   |   |
|                                                                                                                                         |   |   |   |   |   |   |   |   |   |   |   |   |
| Debt modification and extinguishment costs                                                                                                   |   |  |   |  |   |   |   | 40,395 |  |   |  |   |   |
|                                                                                                                                         |   |   |   |   |   |   |   |   |   |   |   |   |
| Non-GAAP earnings before interest and taxes                                                                                                  |   | $ | 305,510 |  |   | $ | 254,111 |  |   |   |   | $ | 760,116 |  |   | $ | 571,304 |  |   |   |
|                                                                                                                                         |   |   |   |   |   |   |   |   |   |   |   |   |

----

|                                                                                                                                              |
|----------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                              |  |  |  |  |  |  |  |  |  |  |  |  |
| Table 4 - Reconciliation of GAAP gross profit to non-GAAP gross profit                                                                       |   |   |   |   |   |   |
|                                                                                                                                         |   |   |   |   |   |   |   |   |
|                                                                                                                                         |   | Quarter Ended |   |   |   | Nine Months Ended |   |   |
|                                                                                                                                         |   | 11/3/13 |   |   |   | 11/3/13 |   |   |
|                                                                                                                                         |   |   |   |   |   |   |   |   |
| Gross profit                                                                                                                                 |   | $ | 1,171,778 |  |   |   |   | $ | 3,149,727 |  |   |   |
|                                                                                                                                         |   |   |   |   |   |   |   |   |
| Items excluded:                                                                                                                              |   |   |   |   |   |   |   |   |
|                                                                                                                                         |   |   |   |   |   |   |   |   |
| Gross profit associated with Warnaco acquisition (including short-lived non-cash inventory valuation adjustments)                            |   |  |   |   |   | 50,473 |  |   |   |
|                                                                                                                                         |   |   |   |   |   |   |   |   |
| Gross profit impact of sales returns for certain Warnaco wholesale customers in connection with initiative to reduce excess inventory levels |   | (3,627 | ) |   |   |   | 26,373 |  |   |   |
|                                                                                                                                         |   |   |   |   |   |   |   |   |
| Non-GAAP gross profit                                                                                                                        |   | $ | 1,168,151 |  |   |   |   | $ | 3,226,573 |  |   |   |
|                                                                                                                                         |   |   |   |   |   |   |   |   |

|                                                                                                                                 |
|---------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Table 5 - Reconciliation of GAAP SG&A to non-GAAP SG&A                                                                  |   |   |
|                                                                                                                            |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                            |   | Quarter Ended |   |   |   | Nine Months Ended |   |   |
|                                                                                                                            |   | 11/3/13 |   | 10/28/12 |   |   |   | 11/3/13 |   | 10/28/12 |   |   |
|                                                                                                                            |   |   |   |   |   |   |   |   |   |   |   |   |
| SG&A                                                                                                                        |   | $ | 927,370 |  |   | $ | 631,139 |  |   |   |   | $ | 2,787,846 |  |   | $ | 1,823,143 |  |   |   |
|                                                                                                                            |   |   |   |   |   |   |   |   |   |   |   |   |
| Items excluded:                                                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                            |   |   |   |   |   |   |   |   |   |   |   |   |
| SG&A expenses associated with acquisition and integration of Warnaco and related restructuring                              |   | (55,394 | ) |   | (6,412 | ) |   |   |   | (213,864 | ) |   | (6,412 | ) |   |   |
|                                                                                                                            |   |   |   |   |   |   |   |   |   |   |   |   |
| Loss recorded on the sale of Bass (recorded in SG&A)                                                                        |   | (19,453 | ) |   |   |   |   |   | (19,453 | ) |   |   |   |   |
|                                                                                                                            |   |   |   |   |   |   |   |   |   |   |   |   |
|  SG&A impact of the amendment of an unfavorable  contract                                                         |   | 24,309 |  |   |   |   |   |   | 24,309 |  |   |   |   |   |
|                                                                                                                            |   |   |   |   |   |   |   |   |   |   |   |   |
| SG&A expenses associated with Tommy Hilfiger integration and related restructuring                                          |   |  |  |   | (6,561 | ) |   |   |   |  |  |   | (14,418 | ) |   |   |
|                                                                                                                            |   |   |   |   |   |   |   |   |   |   |   |   |
| Depreciation and amortization related to Warnaco acquisition (principally non-cash valuation amortization recorded in SG&A) |   | (9,275 | ) |   |   |   |   |   | (104,325 | ) |   |   |   |   |
|                                                                                                                            |   |   |   |   |   |   |   |   |   |   |   |   |
| Non-GAAP SG&A                                                                                                               |   | $ | 867,557 |  |   | $ | 618,166 |  |   |   |   | $ | 2,474,513 |  |   | $ | 1,802,313 |  |   |   |
|                                                                                                                            |   |   |   |   |   |   |   |   |   |   |   |   |

----

|                                                                                                               |
|---------------------------------------------------------------------------------------------------------------|
|                                                                                                               |  |  |  |  |  |  |
| Table 6 - Reconciliation of GAAP net interest expense to non-GAAP net interest expense                        |   |   |   |   |
|                                                                                                          |   |   |   |   |
|                                                                                                          |   | Nine Months Ended |   |   |
|                                                                                                          |   | 11/3/13 |   |   |
|                                                                                                          |   |   |   |   |
| Interest expense, net                                                                                         |   | $ | 139,296 |  |   |   |
|                                                                                                          |   |   |   |   |
| Items excluded:                                                                                               |   |   |   |   |
|                                                                                                          |   |   |   |   |
| Interest expense incurred prior to the Warnaco acquisition closing date associated with $700M of senior notes |   | (840 | ) |   |   |
|                                                                                                          |   |   |   |   |
| Non-GAAP interest expense, net                                                                                |   | $ | 138,456 |  |   |   |
|                                                                                                          |   |   |   |   |

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Table 7 - Reconciliation of GAAP income tax expense to non-GAAP income tax expense                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   | Quarter Ended |   |   |   | Nine Months Ended |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   | 11/3/13 |   | 10/28/12 |   |   |   | 11/3/13 |   | 10/28/12 |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |
| Income tax expense                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   | $ | 6,721 |  |   | $ | 45,156 |  |   |   |   | $ | 29,533 |  |   | $ | 111,499 |  |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |
| Items excluded:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |
| Income tax effects of pre-tax items identified as non-GAAP exclusions (1)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   | 34,537 |  |   | 413 |  |   |   |   | 130,602 |  |   | 1,596 |  |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |
| Tax benefit resulting from previously unrecognized tax credits                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |   |   | 4,500 |  |   |   |   |   |   | 4,500 |  |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |
| Discrete tax items related to the Warnaco integration                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   | 27,520 |  |   |   |   |   |   | (504 | ) |   |   |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |
| Non-GAAP income tax expense                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   | $ | 68,778 |  |   | $ | 50,069 |  |   |   |   | $ | 159,631 |  |   | $ | 117,595 |  |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |
| (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 |   |   |   | Nine Months Ended |   |   |
|                                                                                                                                        |   | 11/3/13 |   |   |   | 11/3/13 |   |   |
|                                                                                                                                        |   |   |   |   |   |   |   |   |
| Depreciation and amortization                                                                                                               |   | $ | 61,668 |  |   |   |   | $ | 267,016 |  |   |   |
|                                                                                                                                        |   |   |   |   |   |   |   |   |
| Items excluded:                                                                                                                             |   |   |   |   |   |   |   |   |
|                                                                                                                                        |   |   |   |   |   |   |   |   |
| Depreciation and amortization related to Warnaco acquisition (principally short-lived non-cash valuation amortization recorded in SG&A) |   | (9,275 | ) |   |   |   | (104,325 | ) |   |   |
|                                                                                                                                        |   |   |   |   |   |   |   |   |
| Non-GAAP depreciation and amortization                                                                                                      |   | $ | 52,393 |  |   |   |   | $ | 162,691 |  |   |   |
|                                                                                                                                        |   |   |   |   |   |   |   |   |

----

|                                                                           |
|---------------------------------------------------------------------------|
|                                                                           |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                                      |   | Quarter Ended |   |   |   | Quarter Ended |
|                                                                      |   | 11/3/13 |   |   |   | 10/28/12 |
|                                                                      |   | GAAP |   |   |   | Non-GAAP |   |   |   | GAAP |   |   |   | Non-GAAP |   |
|                                                                      |   | Results |   | Adjustments |   | Results |   |   |   | Results |   | Adjustments |   | Results |   |
|                                                                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net income attributable to PVH Corp.                                      |   | $ | 196,713 |  |   | $ | 5,871 |  | (1)  | $ | 190,842 |  |   |   |   | $ | 167,698 |  |   | $ | (8,060 | ) | (2)  | $ | 175,758 |  |   |
|                                                                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Weighted average common shares                                            |   | 81,522 |  |   |   |   | 81,522 |  |   |   |   | 70,586 |  |   |   |   | 70,586 |  |   |
| Weighted average dilutive securities                                      |   | 1,307 |  |   |  |   | 1,307 |  |   |   |   | 1,304 |  |   |   |   | 1,304 |  |   |
| Weighted average impact of assumed convertible preferred stock conversion |   |  |   |   |   |  |   |   |   | 2,095 |  |   |   |   | 2,095 |  |   |
| Total shares                                                              |   | 82,829 |  |   |   |   | 82,829 |  |   |   |   | 73,985 |  |   |   |   | 73,985 |  |   |
|                                                                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Diluted net income per common share attributable to PVH Corp.             |   | $ | 2.37 |  |   |   |   | $ | 2.30 |  |   |   |   | $ | 2.27 |  |   |   |   | $ | 2.38 |  |   |
|                                                                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

|                                                                           |
|---------------------------------------------------------------------------|
|                                                                           |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                                      |   | Nine Months Ended |   |   |   | Nine Months Ended |   |
|                                                                      |   | 11/3/13 |   |   |   | 10/28/12 |   |
|                                                                      |   | GAAP |   |   |   | Non-GAAP |   |   |   | GAAP |   |   |   | Non-GAAP |   |
|                                                                      |   | Results |   | Adjustments |   | Results |   |   |   | Results |   | Adjustments |   | Results |   |
|                                                                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net income attributable to PVH Corp.                                      |   | $ | 160,665 |  |   | $ | (301,316 | ) | (1)  | $ | 461,981 |  |   |   |   | $ | 353,092 |  |   | $ | (14,734 | ) | (2)  | $ | 367,826 |  |   |
|                                                                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Weighted average common shares                                            |   | 80,943 |  |   |   |   | 80,943 |  |   |   |   | 69,843 |  |   |   |   | 69,843 |  |   |
| Weighted average dilutive securities                                      |   | 1,558 |  |   |  |  |   | 1,558 |  |   |   |   | 1,332 |  |   |   |   | 1,332 |  |   |
| Weighted average impact of assumed convertible preferred stock conversion |   |  |  |   |   |   |  |  |   |   |   | 2,555 |  |   |   |   | 2,555 |  |   |
| Total shares                                                              |   | 82,501 |  |   |   |   | 82,501 |  |   |   |   | 73,730 |  |   |   |   | 73,730 |  |   |
|                                                                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Diluted net income per common share attributable to PVH Corp.             |   | $ | 1.95 |  |   |   |   | $ | 5.60 |  |   |   |   | $ | 4.79 |  |   |   |   | $ | 4.99 |  |   |
|                                                                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

|           |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|-----------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (1)  | Represents the impact on net income in the period ended November 3, 2013 from the elimination of (i) the expenses associated 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 Company’s Bass division, which closed on November 4, 2013; (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; (iv) the costs incurred in connection with the Company’s debt modification and extinguishment; (v) the interest expense incurred prior to the Warnaco acquisition closing date related to the $700 million of senior notes issued to fund the acquisition; (vi) the tax effects associated with these items; and (vii) the net tax benefit (expense) associated with non-recurring discrete items related to the Warnaco integration. Please see Table 1 for a reconciliation of GAAP net income to non-GAAP net income. |

----

|                                                                                 |
|---------------------------------------------------------------------------------|
|                                                                                 |  |  |  |  |  |  |  |
|                                                                            | 11/3/13 |   | 10/28/12 |
| ASSETS                                                                          |   |   |   |
| Current Assets:                                                                 |   |   |   |
| Cash and Cash Equivalents                                                       | $ | 542,533 |  |   | $ | 276,630 |  |
| Receivables                                                                     | 919,846 |  |   | 607,465 |  |
| Inventories                                                                     | 1,168,188 |  |   | 855,359 |  |
| Other Current Assets                                                            | 386,932 |  |   | 172,665 |  |
| Assets Held for Sale                                                            | 47,454 |  |   |   |
| Total Current Assets                                                            | 3,064,953 |  |   | 1,912,119 |  |
| Property, Plant and Equipment                                                   | 693,089 |  |   | 519,863 |  |
| Goodwill and Other Intangible Assets                                            | 7,509,031 |  |   | 4,383,520 |  |
| Other Assets                                                                    | 384,547 |  |   | 170,469 |  |
|                                                                            | $ | 11,651,620 |  |   | $ | 6,985,971 |  |
|                                                                            |   |   |   |
| LIABILITIES, REDEEMABLE NON-CONTROLLING INTEREST AND STOCKHOLDERS’ EQUITY |   |   |   |
| Accounts Payable and Accrued Expenses                                           | $ | 1,204,471 |  |   | $ | 913,452 |  |
| Short-Term Borrowings                                                           | 12,441 |  |   | 142,514 |  |
| Current Portion of Long-Term Debt                                               | 85,000 |  |   | 84,000 |  |
| Other Liabilities                                                               | 1,833,989 |  |   | 1,152,342 |  |
| Long-Term Debt                                                                  | 4,174,552 |  |   | 1,647,596 |  |
| Redeemable Non-Controlling Interest                                             | 5,600 |  |   |  |  |
| Stockholders’ Equity                                                      | 4,335,567 |  |   | 3,046,067 |  |
|                                                                            | $ | 11,651,620 |  |   | $ | 6,985,971 |  |

----

|                               |
|-------------------------------|
|                               |  |  |  |  |  |  |  |  |  |  |  |
| PVH CORP.                     |   |   |   |   |   |   |   |
| Segment Data                  |   |   |   |   |   |   |   |
| (In thousands)                |   |   |   |   |   |   |   |
|                          |   |   |   |   |   |   |   |
| REVENUE BY SEGMENT            |   |   |   |   |   |   |   |
|                          |   | Quarter Ended |   |   |   | Quarter Ended |   |
|                          |   | 11/3/13 |   |   |   | 10/28/12 |   |
| Calvin Klein North America    |   |   |   |   |   |   |   |
| Net sales                     |   | $ | 384,010 |  |   |   |   | $ | 195,659 |  |   |
| Royalty revenue               |   | 38,097 |  |   |   |   | 41,970 |  |   |
| Advertising and other revenue |   | 15,065 |  |   |   |   | 16,685 |  |   |
| Total                         |   | 437,172 |  |   |   |   | 254,314 |  |   |
|                          |   |   |   |   |   |   |   |
| Calvin Klein International    |   |   |   |   |   |   |   |
| Net sales                     |   | 333,916 |  |   |   |   | 13,191 |  |   |
| Royalty revenue               |   | 19,961 |  |   |   |   | 36,918 |  |   |
| Advertising and other revenue |   | 8,648 |  |   |   |   | 15,224 |  |   |
| Total                         |   | 362,525 |  |   |   |   | 65,333 |  |   |
|                          |   |   |   |   |   |   |   |
| Total Calvin Klein            |   |   |   |   |   |   |   |
| Net sales                     |   | 717,926 |  |   |   |   | 208,850 |  |   |
| Royalty revenue               |   | 58,058 |  |   |   |   | 78,888 |  |   |
| Advertising and other revenue |   | 23,713 |  |   |   |   | 31,909 |  |   |
| Total                         |   | 799,697 |  |   |   |   | 319,647 |  |   |
|                          |   |   |   |   |   |   |   |
| Tommy Hilfiger North America  |   |   |   |   |   |   |   |
| Net sales                     |   | 411,395 |  |   |   |   | 376,267 |  |   |
| Royalty revenue               |   | 8,383 |  |   |   |   | 6,553 |  |   |
| Advertising and other revenue |   | 2,546 |  |   |   |   | 2,429 |  |   |
| Total                         |   | 422,324 |  |   |   |   | 385,249 |  |   |
|                          |   |   |   |   |   |   |   |
| Tommy Hilfiger International  |   |   |   |   |   |   |   |
| Net sales                     |   | 483,718 |  |   |   |   | 433,721 |  |   |
| Royalty revenue               |   | 13,505 |  |   |   |   | 13,434 |  |   |
| Advertising and other revenue |   | 1,113 |  |   |   |   | 1,210 |  |   |
| Total                         |   | 498,336 |  |   |   |   | 448,365 |  |   |
|                          |   |   |   |   |   |   |   |
| Total Tommy Hilfiger          |   |   |   |   |   |   |   |
| Net sales                     |   | 895,113 |  |   |   |   | 809,988 |  |   |
| Royalty revenue               |   | 21,888 |  |   |   |   | 19,987 |  |   |
| Advertising and other revenue |   | 3,659 |  |   |   |   | 3,639 |  |   |
| Total                         |   | 920,660 |  |   |   |   | 833,614 |  |   |
|                          |   |   |   |   |   |   |   |
| Heritage Brands Wholesale     |   |   |   |   |   |   |   |
| Net sales                     |   | 373,125 |  |   |   |   | 313,197 |  |   |
| Royalty revenue               |   | 3,946 |  |   |   |   | 3,784 |  |   |
| Advertising and other revenue |   | 716 |  |   |   |   | 1,398 |  |   |
| Total                         |   | 377,787 |  |   |   |   | 318,379 |  |   |
|                          |   |   |   |   |   |   |   |
| Heritage Brands Retail        |   |   |   |   |   |   |   |
| Net sales                     |   | 159,001 |  |   |   |   | 169,407 |  |   |
| Royalty revenue               |   | 1,551 |  |   |   |   | 1,285 |  |   |
| Advertising and other revenue |   | 429 |  |   |   |   | 438 |  |   |
| Total                         |   | 160,981 |  |   |   |   | 171,130 |  |   |
|                          |   |   |   |   |   |   |   |
| Total Heritage Brands         |   |   |   |   |   |   |   |
| Net sales                     |   | 532,126 |  |   |   |   | 482,604 |  |   |
| Royalty revenue               |   | 5,497 |  |   |   |   | 5,069 |  |   |
| Advertising and other revenue |   | 1,145 |  |   |   |   | 1,836 |  |   |
| Total                         |   | 538,768 |  |   |   |   | 489,509 |  |   |
|                          |   |   |   |   |   |   |   |
| Total Revenue                 |   |   |   |   |   |   |   |
| Net sales                     |   | 2,145,165 |  |   |   |   | 1,501,442 |  |   |
| Royalty revenue               |   | 85,443 |  |   |   |   | 103,944 |  |   |
| Advertising and other revenue |   | 28,517 |  |   |   |   | 37,384 |  |   |
| Total                         |   | $ | 2,259,125 |  |   |   |   | $ | 1,642,770 |  |   |
|                          |   |   |   |   |   |   |   |

----

|                                               |
|-----------------------------------------------|
|                                               |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| PVH CORP.                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Segment Data (continued)                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| (In thousands)                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| EARNINGS BEFORE INTEREST AND TAXES BY SEGMENT |   |   |   |   |
|                                          |   |   |   |   |   |   |   |
|                                          |   | Quarter Ended |   |   |   | Quarter Ended |   |
|                                          |   | 11/3/13 |   |   |   | 10/28/12 |   |
|                                          |   | Results |   |   |   |   |   |   |   | Results |   |   |   |   |   |
|                                          |   | Under |   |   |   | Non-GAAP |   |   |   | Under |   |   |   | Non-GAAP |   |
|                                          |   | GAAP |   | Adjustments(1) |   | Results |   |   |   | GAAP |   | Adjustments(2) |   | Results |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Calvin Klein North America                    |   | $ | 71,163 |  |   | $ | (10,509 | ) |   | $ | 81,672 |  |   |   |   | $ | 61,933 |  |   |  |  |   | $ | 61,933 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Calvin Klein International                    |   | 41,199 |  |   | (21,315 | ) |   | 62,514 |  |   |   |   | 30,452 |  |   |  |   | 30,452 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total Calvin Klein                            |   | 112,362 |  |   | (31,824 | ) |   | 144,186 |  |   |   |   | 92,385 |  |   |  |  |   | 92,385 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Tommy Hilfiger North America                  |   | 79,573 |  |   | 12,000 |  |   | 67,573 |  |   |   |   | 66,117 |  |   |  |  |   | 66,117 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Tommy Hilfiger International                  |   | 87,980 |  |   | 12,309 |  |   | 75,671 |  |   |   |   | 62,583 |  |   | $ | (6,301 | ) |   | 68,884 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total Tommy Hilfiger                          |   | 167,553 |  |   | 24,309 |  |   | 143,244 |  |   |   |   | 128,700 |  |   | (6,301 | ) |   | 135,001 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Heritage Brands Wholesale                     |   | 33,560 |  |   | (8,252 | ) |   | 41,812 |  |   |   |   | 42,923 |  |   |   |   | 42,923 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Heritage Brands Retail                        |   | (19,531 | ) |   | (19,453 | ) |   | (78 | ) |   |   |   | 4,357 |  |   |   |   | 4,357 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total Heritage Brands                         |   | 14,029 |  |   | (27,705 | ) |   | 41,734 |  |   |   |   | 47,280 |  |   |   |   | 47,280 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Corporate                                     |   | (44,620 | ) |   | (20,966 | ) |   | (23,654 | ) |   |   |   | (27,227 | ) |   | (6,672 | ) |   | (20,555 | ) |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total earnings before interest and taxes      |   | $ | 249,324 |  |   | $ | (56,186 | ) |   | $ | 305,510 |  |   |   |   | $ | 241,138 |  |   | $ | (12,973 | ) |   | $ | 254,111 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

|           |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
|-----------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (1)  | 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 Company’s Bass division, which closed on November 4, 2013; 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. |

|           |                                                                                                                                                                                                                                         |
|-----------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (2)  | Adjustments for the quarter ended October 28, 2012 represent the elimination of costs incurred in connection with the Company’s (i) integration of Tommy Hilfiger and the related restructuring; and (ii) acquisition of Warnaco. |

----

|                               |
|-------------------------------|
|                               |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| PVH CORP.                     |   |   |   |   |   |   |   |   |   |   |   |
| Segment Data (continued)      |   |   |   |   |   |   |   |   |   |   |   |
| (In thousands)                |   |   |   |   |   |   |   |   |   |   |   |
|                          |   |   |   |   |   |   |   |   |   |   |   |
| REVENUE BY SEGMENT            |   |   |   |   |   |   |   |   |   |   |   |
|                          |   | Nine Months Ended |   |   |   | Nine Months Ended |   |
|                          |   | 11/3/13 |   |   |   | 10/28/12 |   |
|                          |   | Results |   |   |   |   |   |   |   |   |   |
|                          |   | Under |   |   |   | Non-GAAP |   |   |   |   |   |
| Calvin Klein North America    |   | GAAP |   | Adjustments(1) |   | Results |   |   |   |   |   |
| Net sales                     |   | $ | 1,009,469 |  |   |   |   | $ | 1,009,469 |  |   |   |   | $ | 508,179 |  |   |
| Royalty revenue               |   | 86,123 |  |   |   |   | 86,123 |  |   |   |   | 102,169 |  |   |
| Advertising and other revenue |   | 31,784 |  |   |   |   | 31,784 |  |   |   |   | 42,760 |  |   |
| Total                         |   | 1,127,376 |  |   |   |   | 1,127,376 |  |   |   |   | 653,108 |  |   |
|                          |   |   |   |   |   |   |   |   |   |   |   |
| Calvin Klein International    |   |   |   |   |   |   |   |   |   |   |   |
| Net sales                     |   | 875,256 |  |   | $ | (30,000 | ) |   | 905,256 |  |   |   |   | 35,060 |  |   |
| Royalty revenue               |   | 54,110 |  |   |  |  |   | 54,110 |  |   |   |   | 101,438 |  |   |
| Advertising and other revenue |   | 21,398 |  |   |  |  |   | 21,398 |  |   |   |   | 43,391 |  |   |
| Total                         |   | 950,764 |  |   | (30,000 | ) |   | 980,764 |  |   |   |   | 179,889 |  |   |
|                          |   |   |   |   |   |   |   |   |   |   |   |
| Total Calvin Klein            |   |   |   |   |   |   |   |   |   |   |   |
| Net sales                     |   | 1,884,725 |  |   | (30,000 | ) |   | 1,914,725 |  |   |   |   | 543,239 |  |   |
| Royalty revenue               |   | 140,233 |  |   |  |  |   | 140,233 |  |   |   |   | 203,607 |  |   |
| Advertising and other revenue |   | 53,182 |  |   |  |  |   | 53,182 |  |   |   |   | 86,151 |  |   |
| Total                         |   | 2,078,140 |  |   | (30,000 | ) |   | 2,108,140 |  |   |   |   | 832,997 |  |   |
|                          |   |   |   |   |   |   |   |   |   |   |   |
| Tommy Hilfiger North America  |   |   |   |   |   |   |   |   |   |   |   |
| Net sales                     |   | 1,106,152 |  |   |   |   | 1,106,152 |  |   |   |   | 999,729 |  |   |
| Royalty revenue               |   | 20,907 |  |   |   |   | 20,907 |  |   |   |   | 16,178 |  |   |
| Advertising and other revenue |   | 6,752 |  |   |   |   | 6,752 |  |   |   |   | 6,401 |  |   |
| Total                         |   | 1,133,811 |  |   |   |   | 1,133,811 |  |   |   |   | 1,022,308 |  |   |
|                          |   |   |   |   |   |   |   |   |   |   |   |
| Tommy Hilfiger International  |   |   |   |   |   |   |   |   |   |   |   |
| Net sales                     |   | 1,355,989 |  |   |   |   | 1,355,989 |  |   |   |   | 1,263,066 |  |   |
| Royalty revenue               |   | 38,068 |  |   |   |   | 38,068 |  |   |   |   | 36,792 |  |   |
| Advertising and other revenue |   | 3,465 |  |   |   |   | 3,465 |  |   |   |   | 3,719 |  |   |
| Total                         |   | 1,397,522 |  |   |   |   | 1,397,522 |  |   |   |   | 1,303,577 |  |   |
|                          |   |   |   |   |   |   |   |   |   |   |   |
| Total Tommy Hilfiger          |   |   |   |   |   |   |   |   |   |   |   |
| Net sales                     |   | 2,462,141 |  |   |   |   | 2,462,141 |  |   |   |   | 2,262,795 |  |   |
| Royalty revenue               |   | 58,975 |  |   |   |   | 58,975 |  |   |   |   | 52,970 |  |   |
| Advertising and other revenue |   | 10,217 |  |   |   |   | 10,217 |  |   |   |   | 10,120 |  |   |
| Total                         |   | 2,531,333 |  |   |   |   | 2,531,333 |  |   |   |   | 2,325,885 |  |   |
|                          |   |   |   |   |   |   |   |   |   |   |   |
| Heritage Brands Wholesale     |   |   |   |   |   |   |   |   |   |   |   |
| Net sales                     |   | 1,056,234 |  |   |   |   | 1,056,234 |  |   |   |   | 750,815 |  |   |
| Royalty revenue               |   | 12,096 |  |   |   |   | 12,096 |  |   |   |   | 11,623 |  |   |
| Advertising and other revenue |   | 2,082 |  |   |   |   | 2,082 |  |   |   |   | 3,755 |  |   |
| Total                         |   | 1,070,412 |  |   |   |   | 1,070,412 |  |   |   |   | 766,193 |  |   |
|                          |   |   |   |   |   |   |   |   |   |   |   |
| Heritage Brands Retail        |   |   |   |   |   |   |   |   |   |   |   |
| Net sales                     |   | 449,549 |  |   |   |   | 449,549 |  |   |   |   | 477,062 |  |   |
| Royalty revenue               |   | 3,767 |  |   |   |   | 3,767 |  |   |   |   | 3,717 |  |   |
| Advertising and other revenue |   | 931 |  |   |   |   | 931 |  |   |   |   | 945 |  |   |
| Total                         |   | 454,247 |  |   |   |   | 454,247 |  |   |   |   | 481,724 |  |   |
|                          |   |   |   |   |   |   |   |   |   |   |   |
| Total Heritage Brands         |   |   |   |   |   |   |   |   |   |   |   |
| Net sales                     |   | 1,505,783 |  |   |   |   | 1,505,783 |  |   |   |   | 1,227,877 |  |   |
| Royalty revenue               |   | 15,863 |  |   |   |   | 15,863 |  |   |   |   | 15,340 |  |   |
| Advertising and other revenue |   | 3,013 |  |   |   |   | 3,013 |  |   |   |   | 4,700 |  |   |
| Total                         |   | 1,524,659 |  |   |   |   | 1,524,659 |  |   |   |   | 1,247,917 |  |   |
|                          |   |   |   |   |   |   |   |   |   |   |   |
| Total Revenue                 |   |   |   |   |   |   |   |   |   |   |   |
| Net sales                     |   | 5,852,649 |  |   | (30,000 | ) |   | 5,882,649 |  |   |   |   | 4,033,911 |  |   |
| Royalty revenue               |   | 215,071 |  |   |   |   | 215,071 |  |   |   |   | 271,917 |  |   |
| Advertising and other revenue |   | 66,412 |  |   |   |   | 66,412 |  |   |   |   | 100,971 |  |   |
| Total                         |   | $ | 6,134,132 |  |   | $ | (30,000 | ) |   | $ | 6,164,132 |  |   |   |   | $ | 4,406,799 |  |   |
|                          |   |   |   |   |   |   |   |   |   |   |   |

|           |                                                                                                                                                                                                                       |
|-----------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (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 thousands)                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| EARNINGS BEFORE INTEREST AND TAXES BY SEGMENT |   |   |   |   |
|                                          |   |   |   |   |   |   |   |
|                                          |   | Nine Months Ended |   |   |   | Nine Months Ended |   |
|                                          |   | 11/3/13 |   |   |   | 10/28/12 |   |
|                                          |   | Results |   |   |   |   |   |   |   | Results |   |   |   |   |   |
|                                          |   | Under |   |   |   | Non-GAAP |   |   |   | Under |   |   |   | Non-GAAP |   |
|                                          |   | GAAP |   | Adjustments(1) |   | Results |   |   |   | GAAP |   | Adjustments(2) |   | Results |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Calvin Klein North America                    |   | $ | 123,097 |  |   | $ | (79,243 | ) |   | $ | 202,340 |  |   |   |   | $ | 134,423 |  |   |   |   | $ | 134,423 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Calvin Klein International                    |   | (63,833 | ) |   | (206,783 | ) |   | 142,950 |  |   |   |   | 76,455 |  |   |   |   | 76,455 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total Calvin Klein                            |   | 59,264 |  |   | (286,026 | ) |   | 345,290 |  |   |   |   | 210,878 |  |   |   |   | 210,878 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Tommy Hilfiger North America                  |   | 187,543 |  |   | 12,000 |  |   | 175,543 |  |   |   |   | 147,630 |  |   | $ | (379 | ) |   | 148,009 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Tommy Hilfiger International                  |   | 197,981 |  |   | 12,309 |  |   | 185,672 |  |   |   |   | 177,176 |  |   | (9,798 | ) |   | 186,974 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total Tommy Hilfiger                          |   | 385,524 |  |   | 24,309 |  |   | 361,215 |  |   |   |   | 324,806 |  |   | (10,177 | ) |   | 334,983 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Heritage Brands Wholesale                     |   | 91,064 |  |   | (37,022 | ) |   | 128,086 |  |   |   |   | 76,960 |  |   |   |   | 76,960 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Heritage Brands Retail                        |   | (22,321 | ) |   | (19,453 | ) |   | (2,868 | ) |   |   |   | 11,067 |  |   |   |   | 11,067 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total Heritage Brands                         |   | 68,743 |  |   | (56,475 | ) |   | 125,218 |  |   |   |   | 88,027 |  |   |   |   | 88,027 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Corporate                                     |   | (183,989 | ) |   | (112,382 | ) |   | (71,607 | ) |   |   |   | (73,237 | ) |   | (10,653 | ) |   | (62,584 | ) |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total earnings before interest and taxes      |   | $ | 329,542 |  |   | $ | (430,574 | ) |   | $ | 760,116 |  |   |   |   | $ | 550,474 |  |   | $ | (20,830 | ) |   | $ | 571,304 |  |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

|           |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|-----------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (1)  | 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 Company’s Bass division, which closed on November 4, 2013; (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. |

|           |                                                                                                                                                                                                                                             |
|-----------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (2)  | Adjustments for the nine months ended October 28, 2012 represent the elimination of costs incurred in connection with the Company’s (i) integration of Tommy Hilfiger and the related restructuring; and (ii) acquisition of Warnaco. |

----

|                                                                                                                                                |
|------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                |  |  |  |  |  |
| 2013 Estimated Revenue Reconciliation                                                                                                          |   | Full Year             2013        (Consolidated) |   | Full Year             2013        (Calvin Klein) |   |
|                                                                                                                                           |   |   |   |   |   |
| GAAP revenue                                                                                                                                   |   | $8.21B |   | $2.76B |   |
| Revenue reduction due to sales returns for certain Warnaco wholesale customers in connection with initiative to reduce excess inventory levels |   | $0.03B |   | $0.03B |   |
| Non-GAAP revenue                                                                                                                               |   | $8.24B |   | $2.79B |   |

----

|                                                                                                                   |
|-------------------------------------------------------------------------------------------------------------------|
|                                                                                                                   |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                                                                              |   | Current Guidance |   | Previous Guidance |
| 2013 Net Income Per Common Share Reconciliations                                                                  |   | Full Year      2013(Estimated) |   | Fourth Quarter2013(Estimated) |   | Third Quarter 2013(Estimated) |
|                                                                                                              |   |   |   |   |   |   |
| GAAP net income per common share attributable to PVH Corp.                                                        |   | $ | 2.56 |  |   | $ | 0.85 |  |   | $ | 1.48 |  |
| Estimated per common share impact of items identified as non-GAAP exclusions                                      |   | $ | 4.44 |  |   | $ | 0.55 |  |   | $ | 0.77 |  |
| Net income per common share attributable to PVH Corp. excluding impact of items identified as non-GAAP exclusions |   | $ | 7.00 |  |   | $ | 1.40 |  |   | $ | 2.25 |  |

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|                                     |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                |   | Full Year 2012 |   | Fourth Quarter 2012 |
|                                | (Actual) |   | (Actual) |
|                                | Results Under GAAP |   | Adjustments |   | Non-GAAP Results |   | Results Under GAAP |   | Adjustments |   | Non-GAAP Results |
|                                |   |   |   |   |   |   |   |   |   |   |   |   |
| Net income                          |   | $ | 433.8 |  |   | $ | (52.5 | ) | (1)  | $ | 486.4 |  |   | $ | 80.7 |  |   | $ | (37.8 | ) | (2)  | $ | 118.5 |  |
| Total weighted average shares       |   | 73.9 |  |   |   |   | 73.9 |  |   | 74.3 |  |   |   |   | 74.3 |  |
|                                |   |   |   |   |   |   |   |   |   |   |   |   |
| Diluted net income per common share |   | $ | 5.87 |  |   |   |   | $ | 6.58 |  |   | $ | 1.09 |  |   |   |   | $ | 1.60 |  |