PVH — Jun 4, 2025 release

Stock Repurchase Program: Delivering on its commitment under the PVH+ Plan to return excess cash to stockholders, the Company entered into ASR agreements in April 2025 to repurchase an aggregate of $500 million of its common stock under the Company’s existing $5 billion stock repurchase authorization. In total during the first quarter of 2025, the Company repurchased 5.4 million shares of its common stock and paid $561 million in connection with the ASR agreements and open market purchases. The Company currently does not expect to make any additional payments to repurchase its common stock in 2025. The number of shares of common stock repurchased for the full year 2025 is subject to the final settlement under the ASR agreements. 2025 Outlook: The Company’s 2025 outlook reflects an estimated net negative impact related to the tariffs currently in place for goods coming into the U.S., including an approximately $65 million unmitigated impact to full year 2025 EBIT, or approximately $1.05 per share, and a partially offsetting impact of planned mitigation actions which will primarily take effect in the second half of 2025. 3 There is significant uncertainty with respect to global trade policies and the related impact on the broader macroeconomic environment and, as such, the Company’s 2025 outlook could be subject to significant material change. Full Year 2025 Guidance • Revenue: Reaffirming outlook of flat to increase slightly (flat to increase slightly on a constant currency basis). • Operating margin: Projected to be approximately 8.5% on a non-GAAP basis . Previous guidance was flat to increase slightly on a non-GAAP basis compared to 10.0% on a non-GAAP basis in 2024. Operating margin on a GAAP basis was 8.9% in 2024. • EPS: Projected to be in a range of $10.75 to $11.00 o