PVH — Dec 4, 2024 release

Fourth Quarter 2024 Guidance • Revenue is projected to decrease 6% to 7% compared to the fourth quarter of 2023 (decrease 4% to 5% on a constant currency basis) , inclusive of a reduction of 1% resulting from the sale of the Heritage Brands women's intimates business and a 3% reduction from the 53rd week in 2023 . • EPS ◦ GAAP basis: Projected to be in a range of $2.83 to $2.98 compared to $4.55 in the prior year period. ◦ Non-GAAP basis: Projected to be in a range of $3.05 to $3.20 compared to $3.72 in the prior year period. The fourth quarter EPS projections include the estimated negative impact of approximately $0.09 per share related to foreign currency translation. EPS on a GAAP basis for these periods also include the amounts described under the heading “Non-GAAP Exclusions” later in this release. EPS on a non-GAAP basis exclude these amounts. • Interest expense is projected to decrease to approximately $15 million compared to $20 million in the fourth quarter of 2023. • Effective tax rate is projected to be approximately 20%. Please see the section entitled “Full Year and Quarterly Reconciliations of GAAP to Non-GAAP Amounts” at the end of this release for further detail and reconciliations of GAAP to non-GAAP amounts discussed in this section. Non-GAAP Exclusions: The discussions in this release that refer to non-GAAP amounts exclude the following: • Pre-tax net restructuring costs totaling approximately $33 million incurred and expected to be incurred in 2024 consisting principally of severance and the gain on the sale of a warehouse and distribution center in the third quarter in connec