PVH — Jun 3, 2026 release

▪ Non-GAAP basis: $2.01 exceeded guidance of $1.65 to $1.80. ◦ Inventory: Decreased 5% to $1.510 billion compared to the prior year. • Full year outlook: ◦ Revenue: Projected to be approximately flat compared to a slight increase previously. Projected to decrease slightly on a constant currency basis compared to flat to a slight increase previously. ◦ Operating margin: Reaffirms outlook of approximately 8.8% on a non-GAAP basis. ◦ EPS: Reaffirms outlook of a range of $11.80 to $12.10 on a non-GAAP basis. Non-GAAP Amounts: Amounts stated to be on a non-GAAP basis exclude the items that are defined or described in greater detail near the end of this release under the heading “Non-GAAP Exclusions”. Amounts stated on a constant currency basis also are deemed to be on a non-GAAP basis. Reconciliations of amounts on a GAAP basis to amounts on a non-GAAP basis are presented after the Non-GAAP Exclusions section and identify and quantify all excluded items. First Quarter Review: • Revenue of $2.025 billion increased 2% compared to $1.984 billion in the prior year period (decreased 2% on a constant currency basis). Revenue performance for the Company's reportable segments in the first quarter compared to the prior year period was as follows: ◦ EMEA revenue increased 2% compared to the prior year period (decreased 5% on a constant currency basis). The decrease in revenue on a constant currency basis was driven by declines in both the direct-to-consumer and wholesale businesses, including softer consumer demand due to the prolonged eff