PVH — Mar 31, 2026 release

• Effective tax rate is projected to be in a range of 22% to 23%. First Quarter 2026 Guidance • Revenue: Projected to increase slightly compared to the first quarter of 2025 (decrease low single-digits on a constant currency basis). • Operating margin: Projected to be in a range of 6.0% to 6.5% on a non-GAAP basis, compared to 8.1% on a non-GAAP basis in the first quarter of 2025. Operating margin on a GAAP basis was (16.7)% in the first quarter of 2025. The first quarter 2026 operating margin projection includes an estimated net negative impact related to tariffs on goods coming into the U.S., including a gross impact of approximately 230 basis points and a partially offsetting impact of planned mitigation actions. • EPS: Projected to be in a range of $1.65 to $1.80 on a non-GAAP basis compared to $(0.88) on a GAAP basis and $2.30 on a non-GAAP basis in the first quarter of 2025. The first quarter 2026 EPS projection includes: ◦ an estimated net negative impact related to tariffs for goods coming into the U.S., including a gross impact of approximately $0.80 per share and a partially offsetting impact of planned mitigation actions; and ◦ the estimated positive impact of approximately $0.20 per share related to foreign currency translation. EPS on a GAAP basis for the first quarter of 2025 included the amounts described under the heading “Non-GAAP Exclusions” later in this release. EPS on a non-GAAP basis for the first quarter of 2025 excluded these amounts. • Net interest expense is projected to increase to approximately $20 million compared to $17 millio