PVH — Sep 2, 2026 release

2026 Outlook: The Company is reaffirming its full year revenue, operating margin and EPS outlook on a non-GAAP basis. Full Year 2026 Guidance • Revenue: Reaffirming outlook of approximately flat on a reported basis (decrease slightly on a constant currency basis). • Operating margin: Reaffirming outlook of approximately 8.8% on a non-GAAP basis, flat compared to 8.8% in the prior year. Operating margin on a GAAP basis was 2.6% in the prior year. • EPS: Reaffirming outlook in a range of $11.80 to $12.10 on a non-GAAP basis compared to $11.40 on a non-GAAP basis in the prior year. EPS on a GAAP basis was $0.52 in the prior year. The full year 2026 EPS projection includes an estimated positive impact of approximately $0.40 per share related to foreign currency translation, which is the same as prior guidance. EPS on a GAAP basis for the prior year period included the amounts described under the heading “Non-GAAP Exclusions” later in this release. EPS on a non-GAAP basis for the prior year period excluded these amounts. • Net interest expense is projected to be approximately $70 million compared to $79 million in the prior year period. Previous guidance was approximately $75 million. • Effective tax rate is projected to be in a range of 22% to 23% on a non-GAAP basis compared to 22.2% on a non-GAAP basis in the prior year period. Effective tax rate on a GAAP basis was 83.3% in the prior year period. 4 Third Quarter 2026 Guidance • Revenue: Projected to decrease low single-digits compared to the prior year period (decrease low single-digits on a constant currency ba