PVH — Jun 3, 2026 release

The Company is also updating its revenue outlook to reflect the impact of the challenging macro environment on its EMEA business. The Company continues to expect growth in its Americas and APAC businesses. The Company’s tariff outlook continues to assume a negative impact related to a full year blended rate of approximately 15% tariffs on goods coming into the U.S., including an approximately $195 million gross impact to full year 2026 EBIT, or approximately $3.30 per share, and a partially offsetting impact of planned mitigation actions, which is unchanged. The Company’s outlook has been updated to reflect approximately $100 million of refunds related to IEEPA tariffs previously paid, which is currently expected to be recognized in the second quarter. Full Year 2026 Guidance • Revenue: Projected to be approximately flat on a reported basis 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: Reaffirming outlook of approximately 8.8% on a non-GAAP basis, flat compared to 8.8% on a non-GAAP basis in 2025. Operating margin on a GAAP basis was 2.6% in 2025. The full year operating margin projection includes: ◦ an estimated net negative impact related to the tariffs on goods coming into the U.S., including a gross impact of approximately 215 basis points and a partially offsetting impact of planned mitigation actions; and ◦ an estimated positive impact of approximately 100 basis points relat