Tapestry — Nov 6, 2025 release

Financial Outlook Tapestry is raising its Fiscal 2026 outlook, which is provided on a non-GAAP basis: • Revenue in the area of $7.3 billion, representing 4% to 5% growth versus prior year on a reported basis; excluding Stuart Weitzman, pro forma revenue is expected to grow 7% to 8% on a nominal basis.  Foreign currency is expected to be a 70-basis point tailwind to topline results in the fiscal year.  This is ahead of prior guidance for revenue to approach $7.2 billion and increase at a mid-single-digit rate on a pro forma basis; • Operating margin expansion in the area of 50 basis points versus prior year, compared to prior guidance for an increase above prior year. This outlook now reflects roughly 280 basis points of underlying margin expansion, while continuing to incorporate a negative tariff and duty impact of approximately 230 basis points; • Net interest expense of approximately $65 million, unchanged from prior guidance; • Tax rate of approximately 18%, unchanged from prior guidance; • Weighted average diluted share count of approximately 212 million shares versus prior guidance of 213 million shares; 7 • Earnings per diluted share of $5.45 to $5.60, representing 7% to 10% growth compared to the prior year, and exceeding prior guidance of $5.30 to $5.45; • Adjusted free cash flow of $1.3 billion versus prior guidance for adjusted free cash flow to approach $1.