Slide 1: Tapestry
: tapestry COACH | kate spade
Slide 2: Forward-looking statements
This presentation contains certain “forward-looking statements” based on management's current expectations. Forward-looking statements include, but are not limited to, the statements under “Financial Outlook,” statements regarding long term performance, statements regarding the Company's capital dep
Slide 3: Purpose
Purpose STRETCH WHAT'S POSSIBLE STRETCH speaks to how tensions challenge and pull us in new directions. These tensions compel us to look beyond ourselves and embrace new perspectives, experiences and ideas. WHAT’S POSSIBLE refers to what happens when we embrace the creative tensions within each othe
Slide 4: Values
Values Built by go-getters who saw unseen needs and took daring leaps, we channel that same passion today, doing what it takes to make the dream happen and refusing to settle for anything less. From how we source, to how we sew, to how we sell, we insist on the highest integrity at each step, doing
Slide 5: Competitive Advantages
Competitive Advantages 01 02 O38 OL O05 tapestry 5
Slide 6: kate spade / COACH
kate spade NEW YORK COACH tapestry
Slide 7: Attractive Categories
02 Attractive Categories PERSONAL PREMIUM GOODS‘) WE PLAY IN HANDBAGS, SLGS, Durable & FTW & APPAREL!) High-margin sigs & FTW Categories TAPESTRY S08 FY25 (1) Global market; Source: Euromonitor 2025 update, translated to TPR's FY25. Global personal premium goods includes handbags/small leather goods
Slide 8: Diversified Model with Omni-Channel Leadership
03 Diversified Model with Omni-Channel Leadership Category Attractive and high-margin categories Resilient & durable demand given emotional & functional needs these categories fulfill Global leader in core categories with permission to play in lifestyle Europ 6% Geography Rest of World 2% Growing an
Slide 9: Global Platform
04 Global Platform ‘§ AEE \e¢ p= ¢ EAs \, wow “w Modern, Pp Neo NNGOWOU DUC? | SR ‘o ba es fa. Data-driven & L < = y Z ary » © Agile Platform { We BHAOD Go . DESIGNED TO DRIVE a . q x y ( im CONSUMER ENGAGEMENT as Brgy S XG No 6 a ¢ ef tapestry 9
Slide 10: Talented Team
05 Talented Team a) Joanne Crevoiserat CHIEF EXECUTIVE OFFICER % Yann Bozec PRESIDENT, TAPESTRY ASIA PACIFIC; PRESIDENT & CEO, COACH ASIA PACIFIC Scott Roe CHIEF FINANCIAL. OFFICER & CHIEF OPERATING OFFICER t q David Howard GENERAL COUNSEL AND SECRETARY | Todd Kahn CEO & BRAND PRESIDENT, COACH Denis
Slide 11: We're Powering Iconic Brands to Move at the Speed of the Consumer
WE'RE POWERING ICONIC BRANDS TO MOVE AT THE SPEED OF THE CONSUMER futurespeed
Slide 12: Tapestry
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Slide 13: Full Year Highlights
Full Year Highlights Drove standout full year results, outperforming expectations against a complex backdrop DELIVERED RECORD REVENUE OF OVER DROVE GLOBAL SALES GROWTH OF ACQUIRED OVER WITH GROWTH IN NORTH AMERICA, VERSUS PRIOR YEAR NEW CUSTOMERS IN NORTH AMERICA, AN GREATER CHINA, AND EUROPE FUELED
Slide 14: Revenue Trends by Geography: Q4 & FY25
Revenue Trends by Geography: Q4 & FY25 Growth rates shown on a constant currency basis. =~ tapestry 4
Slide 15: CEO quote: Fiscal 2025 was a breakout year
“Fiscal 2025 was a breakout year for Tapestry as our systemic approach to brand-building is capturing a new generation of consumers around the world. Our strong growth, capped by our fourth quarter outperformance, reinforces that our strategies are working. Importantly, we achieved bold targets we s
Slide 16: P&L Overview by Brand: FY25 Full Year
P&L Overview by Brand: FY25 Full Year TAPESTRY | COACH KATE SPADE STUART WEITZMAN a $7.01B $5.60B $1.20B $215M NET REVENUE +5% vs. LY +10% vs. LY -10% vs. LY -11% vs. LY $5.29B $4.37B $798M $118M GROSS PROFIT 75.4% margin 78.1% margin 66.7% margin 55.1% margin $3.89B $2.50B $707M $133M SG&A EXPENSES
Slide 17: P&L Overview by Brand: FY25 Q4
P&L Overview by Brand: FY25 Q4 TAPESTRY COACH KATE SPADE STUART WEITZMAN « $1.72B $1.43B $253M $46M NET REVENUE +8% vs. LY +13% vs. LY -13% vs. LY -10% vs. LY $1.32B $1.12B $172M $24M GROSS PROFIT 76.3% margin 78.6% margin 67.9% margin 52.6% margin $1.03B $671M $178M $25M SG&A EXPENSES 59.6% of sale
Slide 18: Coach Highlights: FY25 Q4
Coach Highlights: FY25 Q4 Delivered standout revenue growth of 13% at constant currency, with increases in North America (+16%), Greater China (+22%), and Europe (+12%), highlighting the enduring power and relevance of the brand and its distinctive Expressive Luxury positioning Fueled double-digit g
Slide 19: Kate Spade Highlights: FY25 Q4
Kate Spade Highlights: FY25 Q4 Delivered top and bottom-line results in-line with expectations, which included a revenue decline of 13%, continued gross margin gains, and strategic investment in brand marketing Deliberately resetting the brand, while making disciplined investments to solidify the br
Slide 20: Fiscal 2026 Outlook
Fiscal 2026 Outlook -FY26EXPECTATIONS = FY26.Q1 SHAPING REVENUE Approach $7.2 billion n/a REVENUE GROWTH”) Mid-single digit growth rate, including an 80 bps FX tailwind Low-double digit growth rate, including a 70 bps FX tailwind GROSS MARGIN Pee ees Glue tio 2210 rs liteatia iam Increase by approxi
Slide 21: Well-positioned to Navigate the Shifting Global Trade Landscape
Well-positioned to Navigate the Shifting Global Trade Landscape STRONG MOMENTUM & MARGIN PROFILE * Coach brand heat with emotional connections in a durable category * High-margin business with robust cash flow generation * Consistent track record of AUR growth based on innovation and quality tapestr
Slide 22: Committed to Creating Value for Shareholders
Committed to Creating Value for Shareholders =~ tapestry SHARE REPURCHASES = Executed a $2 billion Accelerated Share Repurchase program (‘ASR’), which is expected to be completed in Fiscal Q1 2026 with an estimated average purchase price of approximately $78 per share = The Company expects to buy ba
Slide 23: CFO quote: record-breaking quarter and year
“We delivered another record-breaking quarter and year, highlighted by strong top and bottom-line growth. Importantly, we've started the Fiscal 2026 year strong, with revenue trends accelerating led by Coach. Driving continued healthy gains through brand-building Is our priority and we are executing
Slide 24: Tapestry
tapestry
Slide 25: Tapestry
tapestry
Slide 26: Coach's brand purpose
COACH'S BRAND PURPOSE IS TO INSPIRE PEOPLE TO EXPRESS THEIR MANY SELVES AND HAVE THE COURAGE TO BE REAL. THIS PURPOSE IS GROUNDED IN CURRENT CONSUMER TRUTHS—THE MANY POSSIBILITIES OF SELF AND THE CHANGING NATURE OF “REAL.” WITH EVERY PRODUCT AND EXPERIENCE COACH CREATES, WE AIM TO INSPIRE OUR CONSUM
Slide 27: Coach key facts: net sales, stores, countries, employees
NET SALES DIRECTLY COUNTRIES EMPLOYEES OPERATED STORES As of FY25. mm COACH cae
Slide 28: Coach Revenue Breakdown
Coach Revenue Breakdown Europe 6% Other Asia 14% Category Geography Channel Direct to Consumer 87% As of FY25. COACH
Slide 29: Coach strategic priorities
FUEL GAINS LEAD WITH EXPAND PURPOSE-LED RETAIL GOODS LIFESTYLE STORYTELLING EXPERIENCES CONSUMERS THROUGH FOOTWEAR DEEPEN GROW CONNECTIONS LEATHER- ACROSS WITH
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Slide 31: Kate Spade: joy colors life
joy colors life SINCE ITS LAUNCH IN 1993 WITH A COLLECTION OF SIX ESSENTIAL HANDBAGS, KATE SPADE NEW YORK HAS ALWAYS BEEN COLORFUL, BOLD AND OPTIMISTIC. TODAY IT IS A GLOBAL LIFESTYLE BRAND THAT DESIGNS EXTRAORDINARY THINGS FOR THE EVERYDAY, DELIVERING SEASONAL COLLECTIONS OF HANDBAGS, READY- TO-WEA
Slide 32: Kate Spade key facts: net sales, stores, countries, employees
NET SALES DIRECTLY COUNTRIES EMPLOYEES OPERATED STORES As of FY25. — 32
Slide 33: Kate Spade Revenue Breakdown
Kate Spade Revenue Breakdown Category Geography Channel North ane 78% Direct to Consumer 84% As of FY25. a
Slide 34: Kate Spade strategic priorities
FUEL BRAND HEAT & RELEVANCE DRIVE GEN Z CONSUMER ACQUISITION DEVELOP & GROW HANDBAG ICONS MAXIMIZE OMNICHANNEL COHESIVENESS \ AL-0302 34
Slide 35: Corporate Responsibility
‘Gorporate esponsibility tapestry
Slide 36: The Fabric of Change: Recent Highlights
The Fabric of Change: Recent Highlights AMBITION: MAKE EVERY BEAUTIFUL CHOICE A RESPONSIBLE CHOICE \ UPLIFT CREATE OF OUR PEOPLE THE PLANET OUR COMMUNITIES PRODUCTS WITH CARE Recognized for our leading workplace Acknowledged for our meaningful Completed over 50,000 volunteer Deepened our partnership
Slide 37: Tapestry
tapestry
Slide 38: Non-GAAP and constant currency measures
Management utilizes non-GAAP and constant currency measures to conduct and evaluate its business during its regular review of operating results for the periods affected and to make decisions about Company resources and performance. The Company believes presenting these non-GAAP measures, which exclu
Slide 39: GAAP to Non-GAAP Reconciliation: Quarter ended June 28, 2025
Consolidated Segment Data and GAAP to Non-GAAP Reconciliation For the quarter ended June 28, 2025. GAAP BASIS ACQUISITION AND ORGANIZATION. NON-GAAP BASIS in millions, except per share data; unaudited (AS REPORTE! DIVESTITURE COSTS (*) EFFICIENCY COSTS (**) IMPAIRMENT (** (EXCLUDING ITEMS) Coach $1,
Slide 40: GAAP to Non-GAAP Reconciliation: Year ended June 28, 2025
Consolidated Segment Data and GAAP to Non-GAAP Reconciliation For the year ended June 28, 2025. GAAP BASIS ACQUISITION Al ORGANIZATIONAL |AAP BASIS. in millions, except per share data; unaudited (AS REPORTED) DIVESTITURE COSTS EFFICIENCY COSTS (**) IMPAIRMENT (** (EXCLUDING ITEMS) Coach $4,372.5 $-
Slide 41: GAAP to Non-GAAP Reconciliation: Quarter ended June 29, 2024
Consolidated Segment Data and GAAP to Non-GAAP Reconciliation For the quarter ended June 29, 2024. GAAP BASIS. NON-GAAP BASIS in millions, except per share data; unaudited (AS REPORTED) ACQUISITI OSTS(*) (EXCLUDING ITEMS) Coach $969.0 $969.0 Kate Spade 194.3 = 194.3 Stuart Weitzman 27.9 = 27.9 Gross
Slide 42: GAAP to Non-GAAP Reconciliation: Year ended June 29, 2024
Consolidated Segment Data and GAAP to Non-GAAP Reconciliation For the year ended June 29, 2024. in millions, except per share data; unaudited GAAP BASIS (AS REPORTE! ACQUISITION COSTS(*) NON-GAAP BASIS (EXCLUDING ITEMS) Coach $3,875.4 $ $3,875.4 Kate Spade 871.2 = 871.2 Stuart Weitzman 142.9 2 142.9
Slide 43: Adjusted Free Cash Flow Reconciliation: Quarter
Adjusted Free Cash Flow GAAP to Non-GAAP Reconciliation For the Quarter Ended June 28, 2025 and June 29 2024 Quarter Ended in millions, unaudited Net cash provided by (used in) operating activities (GAAP) $256.0 Purchases of property and equipment (46.2) Items affecting comparability - Acquisition a
Slide 44: Adjusted Free Cash Flow Reconciliation: Year
Adjusted Free Cash Flow GAAP to Non-GAAP Reconciliation For the Year Ended June 28, 2025 and June 29, 2024. in millions, unaudited une 28, 2025 ine 29, 2024 Net cash provided by (used in) operating activities (GAAP) $1,216.6 $1,255.6 Purchases of property and equipment (122.7) (108.9) Items affectin
Slide 45: Tapestry
tapestry COACH | kate spade