Slide 1: Tapestry
tapestry COACH | kate spade SHIN
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: Stretch What's Possible
Purpose Stretch What’s Possible [breaking boundaries] [continuous innovation] Purpose 3
Slide 4: Values
Values DEDICATED TO THE HOLD TO HIGH EMBRACE DIFFERENCE BREAK THROUGH STAND TALLER DREAM STANDARDS BY DESIGN WITH MAGIC & LOGIC TOGETHER Built by go-getters who saw From how we source, to how The kind of ingenuity that Art and science. Design and At Tapestry, we create the unseen needs and took we s
Slide 5: Vision
Vision Give more people the power to bring their own style and story into the world. 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 w
Slide 6: Tapestry at a glance
~$7B 1,291 ~60 ~18,000 NET SALES D I R E C T LY COUNTRIES EMPLOYEES OPERATED STORES Figures as of FY25, excluding Stuart Weitzman 6
Slide 7: Our Amplify Growth Strategies
Our Amplify Growth Strategies Deliver Build F u e l Fa s h i o n COMPELLING Ignite the EMOTIONAL I N N O VA T I O N EXPERIENCES P OW E R O F O U R CONNECTIONS & Product to Drive Global PEOPLE With Consumers EXC E L L E N C E Growth GROW IN KEY MARKETS FUTURE-PROOF DRIVE NEW LEAD WITH OF NORTH AMERIC
Slide 8: Our Competitive Advantages
Our Competitive Advantages CONSUMER- ATTRACTIVE GLOBAL, AGILE ICONIC LED & DATA- TALENTED & TAM & CORE FLEXIBLE S U P P LY BRANDS DRIVEN PROVEN TEAM CATEGORIES DTC MODEL CHAIN C A PA B I L I T I E S 8
Slide 9: Iconic Brands
§) Iconic Brands
Slide 10: Attractive TAM
Attractive TAM FY25 ADDRESSABLE POPULATION WE BRING 8.2B GLOBAL POPULATION Expressive & Uplifting 1.9B GLOBAL ADDRESSABLE POPULATION Luxury to Very Large 275M POINT OF MARKET ENTRY (AGED 18-27) Audiences Note: Total addressable population sourced from Euromonitor and reflects 18–64-year-old qualifie
Slide 11: Attractive Core Categories
Attractive Core Categories GLOBAL PREMIUM MARKET $B Handbags, SLGs & FTW FOOTWEAR BAGS/SLGS 5% CAGR 98 103 105 32 105 32 83 31 80 79 30 75 71 67 26 62 64 27 59 30 55 29 52 28 50 48 27 46 47 27 26 40 43 26 37 38 22 24 33 34 35 24 21 20 73 73 23 68 72 23 57 23 23 52 22 22 23 46 50 22 40 43 33 35 38 27
Slide 12: Global, Flexible DTC Model
Global, Flexible DTC Model Other Greater 11% China Footwear 15% Digital 6% Europe 30% 6% North Category Other Geography America Channel Handbags Asia 64% Stores Accessories 56% 13% 57% 27% Wholesale & Other Rest of 13% World 2% Attractive and high-margin categories Growing and increasingly young
Slide 13: Consumer-led & Data-driven Capabilities
Consumer-led & Data-driven Capabilities Embedding Consumer Insights, Data, and AI ACROSS THE VALUE CHAIN ASSORTMENT CUSTOMER DESIGN PRICING OPERATIONS MARKETING PLANNING EXPERIENCE 13
Slide 14: Agile Supply Chain
Agile Supply Chain Consistently Delivering Craftsmanship at Scale Best-in-class Global Diversified Agility Technology Talent & Strategic Scale Footprint & Speed & AI Relationships Global sourcing, Regional supplier Flexible operations Supply chain with Deep supply chain manufacturing, and logistics
Slide 15: Talented & Proven Team
Talented & Proven Team Joanne Scott Todd Eva Sandeep Crevoiserat Roe Kahn Erdmann Seth CHIEF EXECUTIVE CHIEF FINANCIAL OFFICER CHIEF EXECUTIVE OFFICER & CHIEF EXECUTIVE OFFICER & CHIEF GROWTH OFFICER & OFFICER & CHIEF OPERATING OFFICER BRAND PRESIDENT, COACH BRAND PRESIDENT, KATE SPADE PRESIDENT, TA
Slide 16: Our Investment Thesis is Compelling
Our Investment Thesis is Compelling FIX – similar to brand page? Differentiated company with scaled competitive advantages and strong momentum in an attractive category Proven strategies and consistent execution to drive durable, organic growth Powerful brands and data-driven, direct-to consumer bus
Slide 17: Results Overview & Financial Outlook
Results Overview & Financial Outlook
Slide 18: Q2 Highlights
Q2 Highlights Achieved record quarterly revenue, operating profit, and EPS with growth exceeding expectations DELIVERED REVENUE OF DROVE GLOBAL SALES(1) GROWTH OF ACQUIRED OVER $2.5 billion 18% 3.7 million WITH DOUBLE-DIGIT GROWTH IN NORTH VERSUS PRIOR YEAR, FUELED BY NEW CUSTOMERS GLOBALLY, DRIVEN
Slide 19: Revenue Trends by Geography: FY26 Q2
Revenue Trends by Geography: FY26 Q2 Japan Europe Q2 -6% VS. LY Q2 +22% VS. LY Sales declined, as North America Growth continued driven expected, driven by an Q2 +17% VS. LY intentional pullback in by increased local consumer spend, which promotions Growth led by 27% was fueled by strong increase at
Slide 20: CEO quote on second quarter outperformance
“Our second quarter outperformance reflects the compounding impact of our Amplify strategy, driving deeper consumer engagement, accelerated growth, and record results. This holiday season, our talented teams brought creativity, craftsmanship, and value to consumers around the world, building new and
Slide 21: P&L Overview by Brand: FY26 Q2
P&L Overview by Brand: FY26 Q2 TAPESTRY COACH KATE SPADE PRO FORMA NET SALES1 $2.50 B $2.14 B $360 M +18% vs. LY +25% vs. LY -14% vs. LY GROSS PROFIT $1.89 B $1.67 B $219 M 75.5% margin 77.9% margin 61.0% margin SG&A EXPENSES $1.17 B $823 M $203 M 46.7% of sales 38.4% of sales 56.4% of sales OPERATI
Slide 22: Coach Highlights: FY26 Q2
Coach Highlights: FY26 Q2 Delivered exceptional revenue growth of 25%, with double-digit gains in North America (+27%), Greater China (+37%), and Europe (+26%) Acquired 2.9 million new customers globally, led by continued growth with Gen Z, while driving gains with existing customers, reflecting bro
Slide 23: Kate Spade Highlights: FY26 Q2
Kate Spade Highlights: FY26 Q2 Revenue declined 14%, as expected, reflecting actions to reset the brand for durable and profitable growth, which included a deliberate pullback in promotional activity Drove progress against stated KPIs and areas of strategic focus, with a lift in consideration and im
Slide 24: Raised Fiscal 2026 Outlook
Raised Fiscal 2026 Revenue, Margin, EPS, and Cash Flow Outlook PRIOR FY26 FULL YEAR OUTLOOK CURRENT FY26 FULL YEAR OUTLOOK FY26 Q3 OUTLOOK REVENUE In the area of $7.3 billion Over $7.75 billion n/a PRO FORMA REVENUE 6% to 7% growth, excluding 70 bps FX tailwind 14% growth, excluding 70 bps FX tailwi
Slide 25: Capital Allocation Priorities
Capital Allocation Priorities Focused on Driving Growth, Profitability, and Shareholder Value CASH FLOW GENERATION & BALANCE SHEET FOUNDATIONAL COMMITMENTS FLEXIBILITY FOR VALUE CREATION 01 REINVEST IN 02 RETURN 03 SHARE 04 STRATEGIC BRANDS CAPITAL VIA REPURCHASE PORTFOLIO & BUSINESS DIVIDEND PROGRA
Slide 26: Committed to Creating Value for Shareholders
Committed to Creating Value for Shareholders SHARE REPURCHASES Expect to buy back approximately $1.2 billion in common stock in Fiscal 2026, an increase from prior outlook of $1.0 billion On track to return Spent $400 million in the second quarter to repurchase approximately $1.5 billion or 100%
Slide 27: Overview by Brand
Overview by Brand
Slide 28: Coach
Slide 29: Coach brand purpose
COACH’S BRAND PURPOSE IS TO INSPIRE PEOPLE TO EXPRESS THEIR MANY S E LV E S A N D H AV E T H E CO U R AG E T O B E R E A L . 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 T
Slide 30: Coach key facts
$5.6B 930 ~50 12,300 D I R E C T LY NET SALES OPERATED STORES COUNTRIES EMPLOYEES As of FY25. 30
Slide 31: Coach Revenue Breakdown
Coach Revenue Breakdown Other Greater Wholesale 9% China & Other Footwear 17% 13% 6% Europe 6% Accessories Category Geography Channel 27% Handbags Other Asia 58% North 14% America 61% Direct to Consumer Rest of 87% World 2% As of FY25. 31
Slide 32: Coach Growth Strategies
Coach Growth Strategies CREATE EMOTIONAL LEAD WITH INNOVATE CONNECTIONS INNOVATION THAT OMNICHANNEL THROUGH BRAND ENCOURAGES EXPERIENCES BUILDING SELF-EXPRESSION 32
Slide 33: Kate Spade
Slide 34: Kate Spade brand purpose
S I N C E O U R B E G I N N I N G I N 1 9 9 3 , W E ’ V E B E L I E V E D T H AT S T Y L E I S A LANGUAGE OF OPTIMISM – WELCOMING, THOUGHTFUL, AND D E L I G H T F U L LY U N E X P E C T E D . W E D E S I G N N O T O N LY W H AT ’ S B E A U T I F U L T O S E E , B U T W H AT F E E L S G O O D T O L I
Slide 35: Kate Spade key facts
$1.2B 360 ~40 4,000 NET SALES D I R E C T LY COUNTRIES EMPLOYEES OPERATED STORES As of FY25. 35
Slide 36: Kate Spade Revenue Breakdown
Kate Spade Revenue Breakdown Greater Europe China Wholesale Other 5% 4% Other & Other 21% Asia 16% 10% Rest of Footwear World 3% 5% Category Handbags Geography Channel 52% North America Accessories 78% 22% Direct to Consumer 84% As of FY25. 36
Slide 37: Kate Spade Growth Strategies
Kate Spade Growth Strategies FUEL BRAND MAXIMIZE HEAT & DRIVE BUILD HANDBAG OMNICHANNEL CUSTOMER BLOCKBUSTERS COHESIVENESS ACQUISITION 37
Slide 38: Corporate Responsibility
Corporate Responsibility
Slide 39: Ambition: Make Every Beautiful Choice a Responsible Choice
The Fabric of Change CREATE PRODUCTS UPLIFT OUR SUSTAIN POWER OF WITH CARE COMMUNITIES THE PLANET OUR PEOPLE Ambition: To Make Every Beautiful Choice a Responsible Choice 39
Slide 40: Appendix
Appendix
Slide 41: 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 42: Selected Financial Results (unaudited)
Selected Financial Results (unaudited) For the quarter ended December 27, 2025 and December 28, 2024 Quarter Ended in USD millions, except per share data, unaudited Constant Currency % December 27, 2025 December 28, 2024 % Change Change Net sales 2,502.4 2,195.4 14 % 14 % 1 Pro Forma Net sales 2,502
Slide 43: Detail to Net Sales
Detail to Net Sales For the quarter ended December 27, 2025 and December 28, 2024 Quarter Ended in millions, unaudited Constant Currency % December 27, 2025 December 28, 2024 % Change Change Coach $2,142.4 $1,709.3 25 % 25 % Kate Spade 360.0 416.4 (14)% (14)% Stuart Weitzman - 69.7 NM NM Total Tapes
Slide 44: GAAP to Non-GAAP Reconciliation: Quarter Ended Dec 27, 2025
Consolidated Segment Data and GAAP to Non-GAAP Reconciliation For the quarter ended December 27, 2025 GAAP BASIS ACQUISITION AND ORGANIZATIONAL NON-GAAP BASIS in millions, except per share data; unaudited (AS REPORTED) DIVESTITURE COSTS (*) EFFICIENCY COSTS (**) (EXCLUDING ITEMS) Coach $1,669.0 $- $
Slide 45: GAAP to Non-GAAP Reconciliation: Quarter Ended Dec 28, 2024
Consolidated Segment Data and GAAP to Non-GAAP Reconciliation For the quarter ended December 28, 2024 GAAP BASIS NON-GAAP BASIS in millions, except per share data; unaudited (AS REPORTED) ACQUISITION COSTS (*) (EXCLUDING ITEMS) Coach $1,318.3 $- $1,318.3 Kate Spade 273.6 - 273.6 Stuart Weitzman 41.2
Slide 46: Adjusted Free Cash Flow GAAP to Non-GAAP Reconciliation
Adjusted Free Cash Flow GAAP to Non-GAAP Reconciliation For the quarter ended December 27, 2025 and December 28, 2024 Quarter Ended in millions, unaudited December 27, 2025 December 28, 2024 Net cash provided by (used in) operating activities (GAAP) $1,081.1 $506.0 Purchases of property and equipmen
Slide 47: © 2026 Tapestry, Inc.
tapestry COACH | kate spade SHIN