PVH — Dec 3, 2025 release

The fourth quarter 2025 EPS projection includes: ◦ an estimated net negative impact related to the tariffs currently in place for goods coming into the U.S., including an unmitigated impact of approximately $0.60 per share and a partially offsetting impact of planned mitigation actions ◦ the estimated positive impact of approximately $0.20 per share related to foreign currency translation EPS on a GAAP basis for the fourth quarter of 2024 includes the amounts described under the heading “Non-GAAP Exclusions” later in this release. EPS on a non-GAAP basis for the fourth quarter of 2024 excludes these amounts. • Net interest expense is projected to increase to approximately $20 million compared to $14 million in the fourth quarter of 2024 primarily due to the impact of the accelerated share repurchase agreements discussed above. • Effective tax rate is projected to be approximately 22% on a non-GAAP basis. The Company is unable to project full year 2025 operating margin and full year and fourth quarter 2025 EPS and effective tax rate on a GAAP basis without unreasonable efforts as there are significant uncertainties with respect to (i) the amount and timing of the restructuring costs to be incurred during 2025 in connection with the multiyear Growth Driver 5 Actions defined later in this release and (ii) the actuarial gain or loss on the Company’s retirement plans, to be recorded in the fourth quarter 2025, due to volatility in the financial markets. As such, the Company is unable to provide a full reconciliation of its full ye