Tapestry — May 8, 2025 release

2 Fuel Fashion Innovation and Product Excellence • Drove strong handbag revenue growth and a mid-teens percentage rate AUR gain at Coach reflecting compelling innovation and broad-based traction across the leathergoods offering; • Expanded gross and non-GAAP operating margins by 140 basis points , reflecting the Company’s operational outperformance and discipline, which continued to fund incremental investments in brand marketing; • Leveraged Tapestry’s agile and globally scaled supply chain to deliver innovation and value to consumers, underpinning the Company’s accelerated growth, margin expansion, and diligent inventory management. Shareholder Return Programs Given Tapestry’s strong operational results, robust balance sheet, significant free cash flow generation, and outlook for growth, the Company continues to expect to return more than $2 billion or over 100 percent of its adjusted free cash flow in Fiscal 2025 to shareholders through dividends and share repurchases: • Dividend : The Company’s Board of Directors declared a quarterly cash dividend of $0.35 per common share payable on June 23, 2025 to shareholders of record as of the close of business on June 6, 2025.  In Fiscal 2025, as previously announced, Tapestry expects to maintain its annual dividend rate of $1.40 per common share. • Share Repurchases : As previously announced, in November, the Company executed a $2 billion Accelerated Share Repurchase program (‘ASR’), which remained underway during the fiscal third quarter. In addition to the ASR program, the Company has $800 million remaining under its previous share repurchase authorization. 3 Overview of Fiscal 2025 Third Quarter Financial Results • Net sales totaled $1.58 billion, representing 7% growth versus prior year or 8% growth on a constant currency basis.  FX represented a headwind of approximately 150 basis points in the quarter due to the appreciation of the U.S. Dollar. • Gross profit total