PVH — Dec 3, 2025 release

Full Year 2025 Guidance • Revenue: Narrowing outlook to up low single-digits compared to increase slightly to up low single-digits previously. Reaffirming outlook of flat to increase slightly on a constant currency basis. 3 • Operating margin: Reaffirming outlook of approximately 8.5% on a non-GAAP basis compared to 8.9% on a GAAP basis and 10.0% on a non-GAAP basis in 2024. • EPS: Narrowing outlook to a range of $10.85 to $11.00 on a non-GAAP basis compared to $10.75 to $11.00 previously. EPS was $10.56 on a GAAP basis and $11.74 on a non-GAAP basis in 2024 . The 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 $1.05 per share compared to approximately $1.15 previously and a partially offsetting impact of planned mitigation actions ◦ the estimated positive impact of approximately $0.45 per share related to foreign currency translation EPS on a GAAP basis for 2024 includes the amounts described under the heading “Non-GAAP Exclusions” later in this release. EPS on a non-GAAP basis for 2024 excludes these amounts. • Net interest expense is projected to increase to approximately $80 million compared to $67 million in 2024, primarily due to the impact of the ASR agreements discussed above. • Effective tax rate is projected to be approximately 22% on a non-GAAP basis. Fourth Quarter 2025 Guidance • Revenue: Projected to increase slightly to up low single-digits compared to the fourth quarter of 2024 (decrease slightly