PVH — Mar 31, 2026 release

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 million in the first quarter of 2025. • Effective tax rate is projected to be approximately 22%. The Company is unable to project full year and first quarter 2026 operating margin and EPS on a GAAP basis without unreasonable efforts as we cannot predict or estimate with reasonable certainty whether or when certain items affecting a reconciliation will occur or the amounts of such items . As such, the Company is unable to provide a full reconciliation of its full year and first quarter 2026 operating margin and EPS guidance on a non-GAAP basis to the corresponding measures on a GAAP basis. Please see the section entitled “Quarterly Reconciliation of GAAP to Non-GAAP Amounts” at the end of this release for further detail and reconciliations of GAAP to non-GAAP amounts discussed in this section. Non-GAAP Exclusions: The discussions in this release that refer to non-GAAP amounts exclude the following: • Pre-tax restructuring costs totaling $93 million incurred in 2025 consisting principally of severance in connection with the Company’s multiyear initiative announced in 2024 to simplify its operating model by centralizing processes and improving systems and automation to drive more efficient, cost-effective ways of workin