Tapestry — Feb 5, 2026 release

This is ahead of prior guidance for revenue to be in the area of $7.3 billion and increase 7% to 8% on a pro forma, nominal basis; • Operating margin expansion of approximately 180 basis points versus prior year, compared to previous guidance for an increase in the area of 50 basis points versus prior year. Based on the strength of the underlying business, the Company expects to more than offset a negative tariff and duty headwind of nearly 200 basis points, resulting in both gross margin expansion and SG&A leverage anticipated for Fiscal 2026; 7 • Net interest expense of approximately $65 million, unchanged from prior guidance; • Tax rate of approximately 17% compared to prior guidance of approximately 18%; • Weighted average diluted share count of approximately 211 million shares versus prior guidance of 212 million shares; • Earnings per diluted share of $6.40 to $6.45, representing growth over 25% compared to prior year, and exceeding previous guidance of $5.45 to $5.60; • Adjusted free cash flow in the area of $1.5 billion, exceeding prior guidance of $1.3 billion. Please note this outlook: • Embeds U.S. trade and tax policies as of February 1, 2026, including the impact of OECD’s Pillar Two guidance; • Includes foreign currency exchange rates using spot rates at the time of forecast; • Assumes no material worsening of inflationary pressures or consumer confidence; • Excludes one