Tapestry — Feb 5, 2026 release

Shareholder Return Programs Given Tapestry’s strong operational results, robust balance sheet, significant free cash flow generation, and outlook for growth, the Company now expects to return $1.5 billion, which is approximately 100 percent of its anticipated adjusted free cash flow, to shareholders through dividends and share repurchases in Fiscal 2026. This represents an increase from its previous outlook of $1.3 billion. Programs include: • Dividend: The Company’s Board of Directors declared a quarterly cash dividend of $0.40 per common share payable on March 23, 2026 to shareholders of record as of the close of business on March 6, 2026. In Fiscal 2026, the Company continues to anticipate an annual dividend of $1.60 per share. • Share Repurchases: Tapestry now expects to buy back approximately $1.2 billion in common stock in Fiscal 2026 under the Company’s existing stock repurchase authorization, an increase from its prior outlook of $1.0 billion. During the fiscal second quarter, the Company spent $400 million to repurchase approximately 3.6 million shares of its common stock at an average cost of approximately $112 per share. On a year-to-date basis through the fiscal second quarter, the Company spent a total of $900 million to repurchase approximately 8.3 million shares at an average share price of approximately $109. 4 Non-GAAP Reconciliation During the fiscal second quarter of 2026, Tapestry recorded certain items that decreased the Company’s operating income by $3 million, net income by $3 million, and earnings per diluted share by $0.01. Please note that the divestiture of Stuart Weitzman was completed on August 4, 2025. The brand’s results for t