Tapestry — May 8, 2025 release

This is ahead of prior guidance of approximately 3% growth versus prior year; • Operating margin expansion of approximately 100 basis points versus prior year, consistent with prior guidance; 6 • Net interest expense of approximately $25 million as compared to prior guidance of $35 million; • Tax rate of approximately 17.5% versus prior guidance of approximately 17% to 18%; • Weighted average diluted share count of approximately 223 million shares, consistent with prior guidance; • Earnings per diluted share in the area of $5.00, representing a high-teens percentage growth rate compared to the prior year, and exceeding the Company’s prior guidance of $4.85 to $4.90; • Adjusted free cash flow of approximately $1.3 billion, ahead of the prior guidance of $1.2 billion. Please note this outlook: • Embeds the expectation for tariffs on goods imported into the United States in accordance with the latest trade policies as of April 10, 2025. This includes an anticipated additional 145% tariff on imports from China and an additional 10% tariff on all other global imports.  These tariffs are expected to have an immaterial impact on Fiscal 2025 results due to the timing of sell-throughs and in-transits; • Embeds foreign currency exchange rates using spot rates at the