PVH — Jun 3, 2026 release

EPS on a GAAP basis for the second 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 second quarter of 2025 excluded these amounts. • Net interest expense is projected to decrease to approximately $18 million compared to $22 million in the second quarter of 2025. • Effective tax rate is projected to be approximately 22%. The Company is unable to project full year and second quarter 2026 operating margin and EPS on a GAAP basis without unreasonable efforts as it 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 second quarter 2026 operating margin and EPS guidance on a non-GAAP basis to the corresponding measures on a GAAP basis. The Company will record a pre-tax gain of $25 million in the second quarter of 2026 in connection with the sale of its owned warehouse and distribution center located in Jonesville, NC. The gain will be excluded from the Company’s second quarter 2026 results on a non-GAAP basis and, as such, is excluded from the Company’s non-GAAP guidance. Please see the section entitled “Full Year and Quarterly Reconciliations 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-G