Tapestry — Nov 6, 2025 release

REPORTS FISCAL 2026 FIRST QUARTER RESULTS AND RAISES FULL YEAR OUTLOOK Achieved Record First Quarter Revenue and EPS with Growth Exceeding Expectations • Delivered Revenue of $1.7 Billion, an Increase of 13% Versus Prior Year (+12% Constant Currency) • Achieved Pro Forma Revenue Growth of 16% Led by a 22% (+21% Constant Currency) Gain at the Coach Brand • Drove Operating Margin Expansion of 260 Basis Points on a GAAP Basis and 200 Basis Points on a Non-GAAP Basis Fueled by a Gross Margin Increase and SG&A Leverage • Achieved GAAP Diluted EPS of $1.28, up 61% Versus Prior Year, and Non-GAAP Diluted EPS of $1.38, an Increase of 35% Versus Prior Year • Expect to Return $1.3 Billion to Shareholders in Fiscal Year 2026 Driven by Strong Balance Sheet and Robust Cash Flow Generation • Raises Fiscal Year 2026 Revenue and Earnings Outlook Link to Download Tapestry’s Q1 Earnings Presentation, Including Brand Highlights New York , November 6, 2025 – Tapestry, Inc. (NYSE: TPR), a house of iconic accessories and lifestyle brands, today reported results for the fiscal first quarter ended September 27, 2025. 10 HUDSON YARDS, NEW YORK, NY 10001 TELEPHONE 212 594 1850  FAX 212 594 1682  WWW.TAPESTRY.COM Joanne Crevoiserat, Chief Executive Officer of Tapestry, Inc., commented: “At our investor day in September, we introduced our Amplify plan – a bold vision to bring Tapestry’s iconic brands to new generations of consumers and drive durable growth.  Our first quarter outperformance marked a powerful start to this next chapter.  Through focused execution of our strategies, we brought creativity and craftsmanship to our customers around the world, achieving revenue and earnings increases ahead of expectations.  From this position of strength, we are raising our full year outlook, reinforcing that our advan