Tapestry reported strong Q1 results and raised full-year outlook

Item 2.02 Results of Operations and Financial Condition.

On November 5, 2026, Tapestry, Inc. ("Tapestry" or the "Company") issued a press release (the "Press Release") in which the Company announced its financial results for its first fiscal quarter ended September 26, 2026. The Company also posted a slide presentation entitled "Investor Presentation" dated November 5, 2026¹ on the "Presentations & Financial Reports" investor section of its website ( www.tapestry.com ). A copy of the Press Release is furnished herewith as Exhibit 99.1.¹ Information on the Company's website is not, and will not be deemed to be, a part of this Current Report on Form 8-K or incorporated into any other filings the Company may make with the Securities and Exchange Commission.

The information in this Current Report on Form 8-K, including Exhibit 99.1, is being furnished to the Securities and Exchange Commission and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 (the "Exchange Act") or otherwise subject to liability under that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits. The following exhibits are being furnished herewith:

99.1

Text of Press Release, dated November 5, 2026

104

Cover Page Interactive Data File (embedded within the Inline XBRL document)

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SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Dated: November 5, 2026

TAPESTRY, INC.

By: /s/ David E. Howard

David E. Howard

Chief Legal Officer and Secretary

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EXHIBIT INDEX

99.1

Text of Press Release, dated November 5, 2026

104

Cover Page Interactive Data File (embedded within the Inline XBRL document)

CONTACTS:

Tapestry, Inc.

Analysts and Investors:

Christina Colone

Global Head of Investor Relations

212/946-7252

ccolone@tapestry.com

Media:

Jennifer Leemann

Global Head of Communications

212/631-2797

jleemann@tapestry.com

TAPESTRY, INC. REPORTS FISCAL 2027 FIRST QUARTER RESULTS AND RAISES FULL YEAR OUTLOOK

Exceeded First Quarter Revenue, Gross Margin, Operating Margin, and EPS Guidance

●

Delivered Revenue of $1.9 Billion, an Increase of 11% on a Reported Basis and 12% on a Pro Forma Basis Versus Prior Year², Led by 16% Growth at Coach Brand

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Expanded Gross Margin by 230 Basis Points on a GAAP Basis and 220 Basis Points on a Non-GAAP Basis³

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Achieved GAAP Diluted EPS of $1.76, up 38% Versus Prior Year, and Non-GAAP Diluted EPS of $1.82, an Increase of 32% Versus Prior Year⁴

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Returned Approximately $700 Million to Shareholders Through Dividends and Share Repurchases⁵

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Increases Fiscal Year 2027 Capital Return Outlook to $2.0 Billion Driven by Incremental Share Repurchases⁶

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Raises Fiscal Year 2027 Revenue, Operating Margin, and Earnings Outlook⁷

Link to Download Tapestry's Q1 Earnings Presentation, Including Brand Highlights

New York , November 5, 2026 – Tapestry, Inc. (NYSE: TPR), a house of iconic accessories and lifestyle brands, consisting of Coach and Kate Spade New York, today reported results for the fiscal first quarter ended September 26, 2026.

10 HUDSON YARDS, NEW YORK, NY 10001 TELEPHONE 212 594 1850 FAX 212 594 1682 WWW.TAPESTRY.COM

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Joanne Crevoiserat, Chief Executive Officer of Tapestry, Inc., commented:

"Our first quarter marked a powerful start to the year, with revenue, margin, and earnings growth ahead of expectations and strength around the world. Our Amplify strategy continues to bring new consumers to our brands through our distinctive combination of creativity, craftsmanship, and value. Building on this outperformance, we are raising our full year outlook, reflecting our confidence in the durability of our growth.

Behind these results are advantages that compound over time, including our deep consumer understanding, data-driven approach, and global scale. Together, they reinforce our conviction that our greatest opportunities are ahead of us as we continue to drive long-term value for our customers, our teams, and our shareholders."

Tapestry, Inc. Fiscal 2027 First Quarter Financial Highlights (Unaudited) – in USD millions except per share data

Quarter Ended

Constant Currency %

Gross margin

Non-GAAP Gross margin 2

Operating margin

Non-GAAP Operating margin 2

Non-GAAP Earnings per diluted share 2

1.82 1.38 32 %

1 Pro forma Net sales and related growth rates exclude Net sales of the Stuart Weitzman Business on a reported and constant currency basis, in prior period presented. Refer to Schedule 2.

2 Refer to Schedule 3 for reconciliation between GAAP and Non-GAAP measures.

2

Summary of Pro Forma Revenue Information (Unaudited) – in USD millions

% Change

Quarter Ended

September 26, 2026

Reported

Constant

Currency

Brand

Coach

$ 1,661 16 % 16 %

Kate Spade

233 (10 )% (10 )%

Region

North America

$ 1,110 4 % 4 %

Greater China 2

385 43 % 39 %

Japan

103 (5 )% 4 %

Other Asia 2

114 26 % 23 %

Europe

151 20 % 22 %

Other 2

31 11 % 11 %

Tapestry Pro Forma 1

$

1,894

12

%

12

%

1 Pro forma Net sales and related growth rates exclude Net sales of the Stuart Weitzman Business on a reported and constant currency basis. Refer to Schedule 2.

2 Refer to "About Tapestry, Inc." section below for countries included within each region.

Tapestry, Inc. Strategic Highlights

Tapestry advanced its Amplify growth strategy , which is focused on four key pillars that underpin durable growth:

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Build Emotional Connection with Consumers

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Fuel Fashion Innovation and Product Excellence

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Deliver Compelling Experiences to Drive Global Growth

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Ignite the Power of our People

This strategy is driving the Company's results and deepening the competitive advantages that support long-term growth.

Highlights from the fiscal first quarter of 2027 included:

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Drove strong new customer acquisition globally , welcoming 2.6 million new consumers in the quarter, of which approximately 35% were Gen Z; at the same time, demand from existing customers increased, demonstrating the Company's ability to create lasting consumer relationships;

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Achieved strong growth in the core leathergoods offering , led by handbag revenue gains at Coach, where handbag AUR increased at a low-double-digit percentage rate and units rose low-single digits, underscoring the brand's desirability, innovation, and value proposition;

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Delivered broad-based growth across regions, gaining market share, and expanding the overall category . On a pro forma constant currency basis in the first quarter, North America revenue grew 4%, Europe revenue increased 22%, and APAC revenue rose 28%, which