Tapestry — Aug 13, 2026 release

8 Financial Outlook Tapestry is initiating its Fiscal 2027 outlook, which is provided on a non-GAAP and comparable 52-week versus 52-week basis: • Revenue of $8.4 billion to $8.5 billion, representing mid-single digit growth on a nominal and constant currency basis versus the prior year.  Foreign currency is expected to be a 40 basis point benefit to revenue growth in the fiscal year; • Operating margin expansion of approximately 50 basis points versus prior year; • Net interest expense  of approximately $55 million; • Tax rate of approximately 18.5%; • Weighted average diluted share count of approximately 203 million; • Earnings per diluted share  of $7.80 to $7.90, representing low-double-digit growth versus prior year ; • Adjusted free cash flow approaching $1.7 billion, including CapEx and Cloud Computing costs of $300 million or approximately 3% to 4% of revenue. This outlook is consistent with the Company’s long-term commitment to deliver mid-single-digit revenue growth and low-double-digit EPS growth, as provided at its September 2025 Investor Day. In addition, for the first fiscal quarter of 2027, the Company expects: • Revenue growth of high-single-digits on a nominal and constant currency basis versus prior year pro forma revenue.  Foreign currency is expected to be a 30 basis point benefit to revenue growth in the fiscal quarter; • Earnings per diluted share of approximately $1.55, representing low-teens growth versus prior year. 9 Please note the Company’s non-GAAP outlook: • Excludes the impact of the 53 rd week in Fiscal 2027, which is expected to contribute an additional percentage point to annual revenue growth and have a neutral impact on operating margin for the full fiscal year; • Embeds a mid-20% tariff rate on U.S. inventory receipts in Fiscal 2027, resulting in a neutral net impact from tariffs year-over-year; • Embeds current global tax policies, including the impact of OECD Pillar Two guidance; • Includes foreign currency exchange rates using spot rates at