Tapestry — Aug 13, 2026 release

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 the time of forecast; • Assumes no material worsening of inflationary pressures or consumer confidence. Given the dynamic nature of these and other external factors, financial results could differ materially from the outlook provided. Financial Outlook - Non-GAAP Adjustments : The Company is not able to provide a full reconciliation of the non-GAAP financial measures to GAAP presented in this release and on the Company’s conference call because certain material items that impact these measures have not yet occurred and cannot be reasonably estimated at this time. Accordingly, a reconciliation of the Company’s non-GAAP financial measure guidance to the corresponding GAAP mea