Tapestry — Feb 6, 2025 release

Please refer to the Financial Schedules included herein for a full reconciliation of the Company’s reported GAAP to non-GAAP results. Financial Outlook Tapestry is raising its Fiscal 2025 outlook, which is provided on a non-GAAP basis.  The Company now expects: • Revenue of over $6.85 billion, representing growth of approximately 3% versus prior year on a reported basis, including an expected currency headwind of over 50 basis points. This is ahead of prior guidance of approximately 1% to 2% growth versus prior year on a reported and constant currency basis; • Operating margin  expansion of approximately 100 basis points versus prior year as compared to prior guidance of over 50 basis points of expansion; • Net interest expense  of approximately $35 million as compared to prior guidance of $20 million of net interest income. The change in outlook reflects the interest on the new bond issuance and a lower cash balance due to the execution of the ASR program; 7 • Tax rate of approximately 17% to 18% versus prior guidance of approximately 19%; • Weighted average diluted share count of approximately 223 million shares as compared to prior guidance of approximately 238 million shares, reflecting the benefit of share repurchase activity; • Earnings per diluted share  of $4.85 to $4.90, representing 13% to 14% growth compared to the prior year, an