PVH — Dec 3, 2025 release

• 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 on a constant currency basis). • EPS: Projected to be in a range of $3.20 to $3.35 on a non-GAAP basis compared to $2.83 on a GAAP basis and $3.27 on a non-GAAP basis in the fourth quarter of 2024. 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 ef