Calvin Klein

PVH Corp.

Annual Report 2012

CONTENTS

We are PVH, one of the world’s largest lifestyle apparel companies

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Table of Contents Letter to Stockholders Calvin Klein Tommy Hilfiger Heritage Brands Corporate Social Responsibility Directors, Officers and Other Information Financial Highlights GAAP to Non-GAAP Reconciliations Reconciliations of Revenue Annual Report on Form10-K

Letter to StockhoLderS

The worldwide consumer appeal of Calvin Klein and Tommy Hilfiger resulted in our outperformance in 2012

Dear Fellow Stockholders: 2012 marked another year of strong performance and sustained growth for PVH Corp., exceeding our expectations and further solidifying our position as one of the largest branded lifestyle apparel companies in the world. Our focus remained on driving market share gains, preserving and improving operating margins, introducing new products and creating innovative marketing for our brands. The strength of our brand portfolio, led by Calvin Klein and Tommy Hilfiger, enabled us to navigate successfully through the global macroeconomic pressures and associated difficult consumer spending environment, which also included higher product costs and significant foreign currency volatility during the first half of the year. Our revenue increased approximately 3% to $6.0 billion (6%* on a constant currency basis and excluding our exit from our Timberland and Izod women’s wholesale sportswear businesses). Earnings per share on a non-GAAP basis increased approximately 21%* to $6.58*, with each of our businesses – Calvin Klein, Tommy Hilfiger and Heritage Brands – exhibiting solid performance. Our third quarter ended with the announcement of a transaction that we believe will enable us to achieve even greater growth and extend the reach of Calvin Klein and Tommy Hilfiger in the years ahead: the acquisition of The Warnaco Group, Inc. This deal, many years in the making, creates a company with over $8 billion in pro...