SAFE HARBOR STATEMENT

We caution readers that the forward-looking statements (statements which are not historical facts) in this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on current expectations rather than historical facts and they are indicated by words or phrases such as "anticipate," "believe," "budget," "contemplate," "continue," "could," "estimate," "expect," "guidance," "indicate," "intend," "may," "might," "plan," "possibly," "potential," "predict," "probably," "proforma," "project," "seek," "should“ or "target" or the negative thereof or other variations thereon and similar words or phrases or comparable terminology. Such forward-looking statements include, but are not limited to, statements regarding Perry Ellis’ strategic operating review, growth initiatives and internal operating improvements intended to drive revenues and enhance profitability, the implementation of Perry Ellis’ profitability improvement plan and Perry Ellis’ plans to exit underperforming, low growth brands and businesses. We have based such forward-looking statements on our current expectations, assumptions, estimates and projections. While we believe these expectations, assumptions, estimates and projections are reasonable, such forward-looking statements are only predictions and involve known and unknown risks and uncertainties, and other factors that may cause actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements, many of which are beyond our control.  These factors include: general economic conditions, a significant decrease in business from or loss of any of our major customers or programs, anticipated and unanticipated trends and conditions in our industry, including the impact of recent or future retail and wholesale consolidation, recent and future economic conditions, including turmoil in the financial and credit markets, the effectiveness of our planned advertising, marketing and promotional campaigns, our ability to contain costs, disruptions in the supply chain, our future capital needs and our ability to obtain financing, our ability to protect our trademarks, our ability to integrate acquired businesses, trademarks, trade names and licenses, our ability to predict consumer preferences and changes in fashion trends and consumer acceptance of both new designs and newly introduced products, the termination or non-renewal of any material license agreements to which we are a party, changes in the costs of raw materials, labor and advertising, our ability to carry out growth strategies including expansion in international and direct-to-consumer retail markets, the effectiveness of our plans, strategies, objectives, expectations and intentions which are subject to change at any time at our discretion, potential cyber risk and technology failures which could disrupt operations or result in a data breach, the level of consumer spending for apparel and other merchandise, our ability to compete, exposure to foreign currency risk and interest rate risk, possible disruption in commercial activities due to terrorist activity and armed conflict, actions of activist investors and the cost and disruption of responding to those actions, and other factors set forth in Perry Ellis' filings with the Securities and Exchange Commission (SEC). Investors are cautioned that all forward-looking statements involve risks and uncertainties, including those risks and uncertainties detailed in Perry Ellis' filings with the SEC. You are cautioned not to place undue reliance on these forward-looking statements, which are valid only as of the date they were made. We undertake no obligation to update or revise any forward-looking statements to reflect new information or the occurrence of unanticipated events or otherwise, except as otherwise required by the federal securities laws.

2

Oscar Vice Chairman of the Board, President and Chief Operating Officer

BUSINESS OVERVIEW

Feldenkreis

3

FISCAL 2015 FULL-YEAR PERFORMANCE

Total Revenues of $890 million

Gross Margin expansion of 80 bps to 34%

Cost savings generated were $12 million

Adjusted diluted EPS increased 47% to $0.56

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FISCAL 2015 STRONG SHAREHOLDER RETURN

PERY +53%

+4% +14%

PEI delivered outstanding total shareholder returns in FY15 (+53%)

Apparel, Accessories & Luxury Goods

Composite

5

STRONG Q1 FISCAL 2016 RESULTS

Revenues increased 4% to $266M, due to Company’s core brand strategy

Gross margin expanded 80bps to 34.9%

Adjusted EBITDA Grew 32% to $25M and Adj. EBITDA margin expanded 200 bps to 9.3%

Earnings Per Share increased 80% to $0.99

Q1 REVENUES Q1 ADJUSTED EBITDA

FY15 FY16 FY15 FY16

$257M

$266M

$19M

$25M+4%

+32%

7%(margin)

9%(margin)

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POWERFUL Lifestyle Brands and Diversity

POSITIONING In Attractive Markets and Supported by Strong Financials

ESTABLISHED Operations with Meaningful ScaleENHANCINGDirect-to-Consumer and International Businesses

RESULTSSteadily Improving

REDUCINGCosts and Exposure to Low-growth Brands

YEARLYStrategy Plans in Place

YIELDINGClear Results and Strong Shareholder Value

7

Operating Efficiencies

5Direct-to-Consumer Expansion

4Expand International And Licensing Distribution

3Retail Brand Enhancement

2Portfolio Optimization

1

OUR GROWTH AND PROFITABILITY PLAN

8

1PORTFOLIO OPTIMIZATION

Since FY14: Exited 30 brands (~ $80M in revenues) Today: 87% of Revenues from Core Brands

24%

$930M

12%

$385M

20%

$510M

16%

$375M

15%

$435M

% Direct Revenue (87%)

Global Retail Sales ($2.6B)

9

DIVERSE RETAIL RELATIONSHIPS

25,000+ Door Penetration across Multiple Demographic Segments, Price Points and Distribution Channels

Luxury Dept / Mid-Tier Specialty InternationalClub / Mass

210

RETAIL BRAND ENHANCEMENT

Product Innovation

Visual MerchandisingVia Shop-in-Shops

Omnichannel Marketing

211

EXPANDING INTERNATIONAL AND LICENSING DISTRIBUTION

FY15 International revenues grew 15% to represent 12% of revenues

Licensing income grew 7% to represent 4% of revenues

Licensing 4%

Wholesale 86%

Direct-to-Consumer 10%

Domestic 88%

International 12%

27 new licenses in FY15, extending 8 brands across geographic and product categories

312

3LEADING DIRECT

UKMexicoCanada

LICENSEE

Latin AmericaPhilippinesVietnam

13

3INVESTING AND DEVELOPING

DIRECT

FranceSpainItalyGermany

LICENSEE/JV

IndiaChinaMiddle East

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Perry Ellis Original PenguinCubaveraFarahCallawayRafaella

Total

4628

22--

78

3062

42--

98

111111

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Owned Retail Stores

LicenseeStores

E-commerceSites

DIRECT-TO-CONSUMER PLATFORM

415

DIRECT-TO-CONSUMER EXPANSION

DTC Revenues rose 13% to represent 10% of Total Revenues

Enhanced Profitability

Accelerate E-commerce

Continuous Comp Store Growth

4Open

New Stores

Right-door strategies, with a focus on each brand’s geographic and demographic attributes

Fulfill E-com orders from stores

Increase turns through lower markdowns, inventory management and localized assortments

Expand high-margin assortments

Build new e-commerce sites and expand international shipping opportunities

Grow ownership of exclusive product

Deploy new e-mail growth strategies and intensify focus on SEO contentFocus on improved conversion

Climate-right assortment strategies

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Restructured Wholesale Business by lifestyle

OPERATING EFFICIENCIES

Unified DTC Division under one leadership umbrella

Realized $12M in cost savings in FY15, $2.3M in Q1 FY16

5FY16 capital refinancing to save $4.5M

Working-capital efficiencies

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Anita BrittChief Financial Officer

FINANCIAL HIGHLIGHTS 18

STRONG STOCK RETURN COMPARED TO PEERS

APPCOLMCRICROXDECKDLAGESGIIIOXMSHOOZQK

AverageHighLowS&P Apparel, Accessories and Luxury Goods

PERY

PERY Peer Group

1 Year*

-55%44%56%-1%

-15%-3%

-30%79%32%23%

-84%

4%79%

-84%13%

44%

20%81%92%

-46%-21%-40%-41%317%

9%25%

-58%

31%317%-58%33%

51%

-56%196%380%783%279%146%

17%1667%

740%567%-11%

428%1667%

-56%274%

523%

3 Year**

6 Year**

* For the trailing 12 months (07/08/14 – 07/07/15)** For the fiscal year ending 1/31/15

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Royalty revenue increased 10%

LICENSING AND INTERNATIONAL DEVELOPMENT

Eight new agreements, first agreement in India for Original Penguin

YTD Fiscal 2016

Add $10M to royalty revenues from Fiscal 2015

Expand international penetration from 25% to 40% of licensing income

Strategic Initiatives

Concentrate resources on globalizing core brands/product categoriesFocus on underpenetrated markets, categories and channels

Continue to upgrade licensees

Pursue additional revenue models in addition to classic licensing (JV, Equity Participation) for non-core brands

$31M+Royalty Income

150+Licensing

Agreements

98Licensee- Operated

Retail Stores

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FINANCIAL SUMMARY

(1) Adjusted for costs associated with exited brands and other strategic initiatives*Guidance as of 05/14/2015**Non-GAAP reconciliations are contained in PERY press release issued on 5/14/15, which was filed as Exhibit 99.1 to a Form 8-k filed with the

SEC on 5/14/15.

Total Revenue

Full Year FY 2015A

3M YTD FY 2015A

3M YTD FY 2016A

FY 2016E*

Adj. Gross Profit**1

Adj. EBITDA**

Adj. EPS**

$890.0

$303.0 34.0%

$39.8 4.5%

$0.56

$257.3

$87.7 34.1%

$18.7 7.3%

$0.55

$266.4 (+4%)

$93.0 34.9%

$24.7 9.3%

0.99

$925M –$935M(+4% - +5%)34.6% –34.7%

$55M (6.0%) – $58M (6.25%)$1.68 – $1.75

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CAPITALIZATION SUMMARY

Effective 5/6/15, $100 million senior subordinated notes redeemed and financed through expansion of senior credit facility

Capitalization Cash & InvestmentsSenior Credit FacilitySenior Subordinated Notes Payable, NetReal Estate Mortgages

Total Net DebtInventoryAccounts ReceivableTotal Current AssetsTotal Shareholders’ Equity

Summary Credit StatisticsTotal Net Debt to CapitalNet Debt / LTM EBITDA as AdjustedLTM EBITDA as Adjusted / PF Interest Expense

May 2, 2015 $32.7$9.7$150.0$21.9

$139$153.5$181.0$379.8$313.4

31%3.0x3.2x

Actual

May 3, 2014 $47.8$64.6$150.0$22.7

$189$177.2$183.1$434.2$357.1

35%5.7x2.2x

Actual

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BOARD AND MANAGEMENT TEAM

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GeorgeFeldenkreis

BOARD AND MANAGEMENT TEAM

Chairman of the Board and Chief Executive Officer

24

Perry Ellis International’s Board and management own approximately 25% of the outstanding shares of the Company’s common stockStock ownership requirements for directors/executives

Operational and Profitability Goals

Leadership includes highly-qualified, experienced and engaged apparel and retail veterans

ALIGNMENT OF BOARD, MANAGEMENT AND SHAREHOLDER PRIORITIES

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PERRY ELLIS INTERNATIONAL BOARD OF DIRECTORS

Founded and built Perry Ellis International into a global lifestyle-apparel companyVisionary in creating and developing international apparel sourcing networksGrew PEI sales from $33M at initial IPO, to $890M in Fiscal 2015

George Feldenkreis Chairman

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PERRY ELLIS INTERNATIONAL BOARD OF DIRECTORS

35 years of leadership experience at Perry Ellis InternationalImplemented a successful brand-acquisition strategy, transforming PEI into a global lifestyle apparel companyWill assume role of Perry Ellis' Chief Executive Officer at the beginning of next fiscal year

Oscar Feldenkreis Vice-Chairman

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PERRY ELLIS INTERNATIONAL BOARD OF DIRECTORS

16 years of experience advising retail-industry sector at Deutsche Bank, UBS and Morgan StanleyFocus on retail, E-commerce, finance for retail groupsVice Chairman of Board of Trustees, and Chairman of the Audit and Risk Committee, at The New School

University

Jane DeFlorioLead Independent DirectorAdded as an Independent Director in 2014

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PERRY ELLIS INTERNATIONAL BOARD OF DIRECTORS

35 years of experience in senior leadership at major retailersFormer President and COO of Macy’s Florida and Puerto RicoRetail, wholesale and private-equity management consultant

J. David ScheinerAdded as an Independent Director in 2014

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PERRY ELLIS INTERNATIONAL BOARD OF DIRECTORS

15 years of international experience in luxury goods, e-commerce, retail and financeFounder of online retailers Gilt Groupe and GLAMSQUADEntrepreneurial advisor to fashion, retail and tech companies

Alexandra WilsonAdded as an Independent Director in 2014

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PERRY ELLIS INTERNATIONAL BOARD OF DIRECTORS

Former Chairman and CEO of Tween Brands, currently a subsidiary of Ascena Retail Group. Led Tween Brands as CEO beginning in 1996, and took the Company public in 1999 Former Chairman and CEO of Pacific Sunwear of California. Held chief executive positions at The Stride Rite Corporation and Eddie BauerServed as a director at David's Bridal, Dress Barn and Strottman International 

Michael RaydenAdded as an Independent Director in

2015

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PERRY ELLIS INTERNATIONAL BOARD OF DIRECTORS

Former Chairman and CEO of PVH Corporation, transforming the apparel company into one of the largest in the worldCo-founded private equity company, LKN Partners and is on the Board of Gazal Corporation, a leading Australian clothing companyPreviously served on President Clinton's White House Apparel Task Force

Bruce J. KlatskyAdded as an Independent Director in 2015

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@peicorp pery.com