COACH © 2024 Tapestry, Inc. ▪ The ability to satisfy the conditions precedent to consummation of the proposed acquisition of Capri, ■ The ability to successfully execute our multi-year growth agenda; ▪ The outcome of the antitrust lawsuit by the Federal Trade Commission against us and Capri related to ■ The effect of existing and new competition in the marketplace; · The impact of tax and other legislation; and, Forward-kooking statements are neither historical fects nor assurances of future performance. In ...

Exhibit 99.1 CONTACTS: Tapestry, Inc. Media: Andrea Shaw Resnick Chief Communications Officer 212/629-2618 aresnick@tapestry.com Analysts and Investors: Christina Colone Global Head of Investor Relations 212/946-7252 ccolone@tapestry.com Kelsey Mueller 212/946-8183 Investor Relations kmueller@tapestry.com TAPESTRY, INC. DELIVERS Q3 EARNINGS AHEAD OF EXPECTATIONS Link to Download Tapestry's Q3 Earnings Presentation, Including Brand Highlights New York, May 9, 2024 – Tapestry, Inc. (NYSE: TPR), a house of ico ...

Financial Data and Key Metrics Changes - The company achieved record second quarter revenue and earnings per share, with growth outpacing expectations [29][42] - Gross margin expanded by 300 basis points year-over-year, driven by lower freight expenses and operational outperformance [56] - Operating income rose 14% compared to the prior year, with a record second quarter EPS of $1.63, representing a 20% increase [58][62] Business Line Data and Key Metrics Changes - Kate Spade's footwear sales rose double-digits, while jewelry remained a key acquisition vehicle [1] - Coach's leather goods, particularly the Tabby family, nearly doubled sales compared to last year, with strong performance among new and younger consumers [32] - Stuart Weitzman experienced growth in its core boot classification, driven by the SoHo and 5050 families [16] Market Data and Key Metrics Changes - Revenue in Greater China rose 19%, while Japan saw a 6% increase, and Other Asia and Europe grew by 9% and 11% respectively [21][63] - North America revenue was in line with the prior year, reflecting a healthy business model focused on brand health rather than chasing sales [63][101] Company Strategy and Development Direction - The company is focused on strengthening its core bag offerings, enhancing the omni-channel experience, and driving emotional marketing to boost brand relevance [8][12] - There is a commitment to operational excellence and innovation, with plans to introduce new materials and designs in the handbag assortment [11][12] - The acquisition of Capri is expected to drive significant value creation and enhance cash flow, with a focus on disciplined financial operations [86][106] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the brand's positioning and the effectiveness of marketing strategies, particularly in attracting younger consumers [78][97] - The company anticipates continued growth in the fourth quarter, supported by easier comparisons and strong brand positioning [124] - There is an expectation of mid-single-digit sales growth in Greater China and Japan, with a focus on maintaining higher margins [81][82] Other Important Information - The company opened a new multi-brand fulfillment center in Las Vegas to enhance omni-channel capabilities [40] - Free cash flow for the quarter was $804 million, with inventory levels 15% below the prior year [64] - A quarterly cash dividend of $0.35 per share was declared, representing a 17% increase compared to last year [66] Q&A Session Summary Question: Can you talk about the strength you're seeing at Coach and your confidence in maintaining momentum? - Management remains excited about the Coach brand's potential and sees strong economic fundamentals supporting the acquisition [89][91] Question: Can you provide insights on the health of the Chinese consumer and what's driving Coach's strength in China? - Management noted strong consumer desire for the brand and high purchase intent in the handbag category, indicating a positive outlook for Coach in China [97][98] Question: What are your thoughts on the outlook for North America handbag and accessories for Coach and Kate Spade? - Management indicated that the North American market is competitive but believes in maintaining healthy growth through innovation and brand messaging [101]

Financial Performance - In the second quarter of fiscal 2024, net sales increased by 2.9% to $2,084.5 million compared to $2,025.4 million in the second quarter of fiscal 2023[180]. - Gross profit for the second quarter of fiscal 2024 was $1,493.2 million, representing a gross margin of 71.6%, up from 68.6% in the prior year[180]. - Operating income rose to $447.6 million, a 7.0% increase from $418.2 million in the same quarter last year, with an operating margin of 21.5%[180]. - The Company reported a net income of $322.3 million for the second quarter of fiscal 2024, a decrease of 2.3% from $329.9 million in the prior year[180]. - The diluted net income per share increased by 2.6% to $1.39 compared to $1.36 in the second quarter of fiscal 2023[180]. - Net sales for Tapestry increased by 2.9% or $59.1 million to $2.08 billion in Q2 FY2024 compared to Q2 FY2023, with a 3.3% increase excluding currency fluctuations[187]. - Coach's net sales rose by 6.4% or $92.2 million to $1.54 billion, while Kate Spade's net sales decreased by 6.1% or $29.9 million to $460.4 million in the same period[190]. - Net sales for the first six months of fiscal 2024 increased by 1.9% or $65.8 million to $3.60 billion compared to the same period in fiscal 2023[213]. - Gross profit rose by 6.0% or $147.0 million to $2.59 billion, with a gross margin of 72.0%, up from 69.2% in the prior year[214]. - Coach brand net sales increased by 5.1% or $130.3 million to $2.70 billion, while Kate Spade and Stuart Weitzman saw declines of 6.0% and 10.6%, respectively[215]. Expenses and Margins - SG&A expenses rose by 7.7% or $74.5 million to $1.05 billion, with SG&A as a percentage of net sales increasing to 50.2% from 47.9%[193]. - Corporate operating expenses increased by 47.2% or $49.5 million to $154.2 million, primarily due to higher compensation and professional fees[204]. - SG&A expenses increased by 6.7% or $118.7 million to $1.89 billion, representing 52.5% of net sales, up from 50.2%[218]. - SG&A expenses, excluding items affecting comparability, increased by 4.0% or $70.8 million to $1.84 billion[218]. - Corporate Operating Expenses increased by 39.7% or $82.6 million to $290.3 million in the first six months of fiscal 2024, primarily due to higher compensation costs and increased professional fees[229]. Acquisition and Financing - The Capri Acquisition is valued at approximately $8.5 billion, with the Company planning to finance it through new senior unsecured notes and term loans[163]. - The Company incurred pre-tax charges of $72.4 million related to the Capri Acquisition, including $44.1 million in financing-related charges[183]. - The company entered into a Merger Agreement for the acquisition of Capri Holdings Limited on August 10, 2023, intending to finance it through new senior unsecured notes, term loans, and cash on hand[251]. - The company incurred acquisition-related charges totaling $98.7 million, impacting net income by $75.7 million or $0.33 per diluted share[209]. Cash Flow and Financial Position - Net cash provided by operating activities increased by $439.4 million to $901.8 million in the first six months of fiscal 2024 compared to $462.4 million in the same period of fiscal 2023[236]. - Net cash used in investing activities was $655.0 million in the first six months of fiscal 2024, a decrease of $735.6 million compared to a source of cash of $80.6 million in the same period of fiscal 2023[237]. - Net cash provided by financing activities was $5.8 billion in the first six months of fiscal 2024, an increase of $6.3 billion compared to a use of cash of $504.7 million in the same period of fiscal 2023[239]. - As of December 30, 2023, cash and cash equivalents increased by $6.1 billion to $6,833.1 million compared to $726.1 million as of July 1, 2023[243]. - As of December 30, 2023, the company had $800.0 million of additional shares available for repurchase under the 2022 Share Repurchase Program, which was suspended in August 2023 due to the Capri Acquisition[250]. Tax and Interest - The effective tax rate was 20.0%, down from 20.9% in the prior year, with a comparable rate of 20.8% when excluding items affecting comparability[201]. - The effective tax rate was 19.4% in the first six months of fiscal 2024, slightly down from 19.6% in the same period of fiscal 2023[226]. - Interest expense increased by $41.3 million to $49.2 million, while net interest expense decreased to $5.1 million when excluding comparability items[199]. Market and Operational Outlook - The Company aims to prioritize growth in North America and China while exploring opportunities in under-penetrated markets like Southeast Asia and Europe[169]. - The macroeconomic environment remains challenging, with the International Monetary Fund forecasting growth in the global economy, albeit below historical averages[167]. - The company expects potential operational challenges related to macroeconomic factors could impact the Kate Spade brand's future cash flows and profitability trends in fiscal 2024[254]. Brand Performance and Valuation - The fair value of the Kate Spade brand reporting unit exceeded its carrying value by approximately 20%, while the indefinite-lived brand exceeded by about 40% as of the fiscal 2023 testing date[254]. - The company’s annual impairment assessment of goodwill indicated that the fair values of its Coach brand reporting units significantly exceeded their carrying values[254]. Supply Chain and Risk Management - The company’s supply chain finance program allows certain suppliers to sell receivables on a non-recourse basis, leveraging the company's credit rating[248]. - The company has not experienced significant changes in market risk management as outlined in its Annual Report for the fiscal year ended July 1, 2023[255]. - The company’s critical accounting policies have not materially changed as of December 30, 2023[253].

Tapestry Inc. (NYSE:TPR) Q1 2024 Earnings Conference Call November 9, 2023 8:00 AM ET Company Participants Christina Colone - Global Head of Investor Relations Joanne Crevoiserat - Chief Executive Officer Scott Roe - Chief Financial Officer and Chief Operating Officer Todd Kahn - Chief Executive Officer and Brand President, Coach Conference Call Participants Bob Drbul - Guggenheim Ike Boruchow - Wells Fargo Lorraine Hutchinson - Bank of America Matthew Boss - JPMorgan Michael Benetti - Evercore ISI Mark Alt ...

tapestry COACH kate spade NEW YORK STUART WEITZMAN © 2023 Tapestry, Inc. This presentation contains certain "frorward-looking statements" based on management's current expectations. Forward-looking statements which can be identified by the use of forward-looking termindagy such as 'may, "Mill, "ca; " should," "eximate, "continue," "poped," "quidance," "buttork", "anticipate," "remain housed," "emain house committed," "moving,""leverage," "development," "laundn","drive," "assume," plan," "endbe, "telel," "en ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended September 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number: 1-16153 Tapestry, Inc. (Exact name of registrant as specified in its charter) 10 Hudson Yards, New York, NY 10001 (Address of principal executive of ices); (Zip Code) (212) ...

Tapestry, Inc. (NYSE:TPR) Q4 2023 Earnings Conference Call August 17, 2023 8:00 AM ET Company Participants Christina Colone - Head of IR Joanne Crevoiserat - CEO Scott Roe - CFO Todd Kahn - CEO & Brand President of Coach Conference Call Participants Robert Drbul - Guggenheim Lorraine Hutchinson - Bank of America Matthew Boss - JPMorgan Brooke Roche - Goldman Sachs Mark Altschwager - Baird Dana Telsey - Telsey Group Oliver Chen - TD Cowen Operator Good day, and welcome to this Tapestry conference call. Today ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended July 1, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number: 1-16153 Tapestry, Inc. (Exact name of registrant as specified in its charter) Maryland 52-2242751 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identifi ...

Financial Data and Key Metrics Changes - The company achieved a 9% constant currency revenue growth, significantly surpassing expectations of 3% to 5% [28][29] - Operating margin expanded by approximately 280 basis points year-over-year, driven by gross margin gains [28][32] - Earnings per share (EPS) increased by over 50% compared to the prior year [28][32] Business Line Data and Key Metrics Changes - Coach brand revenue increased by 11% at constant currency, with over 300 basis points of operating margin expansion [10] - Kate Spade outperformed expectations with revenue gains and gross margin expansion, focusing on emotional and lifestyle branding [18][20] - Stuart Weitzman delivered 10% revenue growth in constant currency, supported by double-digit growth in North America [23][24] Market Data and Key Metrics Changes - International businesses grew nearly 20% excluding foreign exchange impacts, with Greater China sales increasing by 20% [6][29] - Japan saw sales rise approximately 23%, while other Asia regions grew by 22% [30] - North America experienced low single-digit sales growth, with a noted decline in consumer spending trends as the quarter progressed [7][29] Company Strategy and Development Direction - The company is focused on building lasting customer relationships and enhancing omnichannel experiences, acquiring over 1.2 million new customers in North America [8][9] - Emphasis on product innovation and data-driven strategies to enhance brand relevance and customer value [9][18] - The launch of Coachtopia aims to disrupt the fashion industry with sustainable practices and community engagement [16][68] Management's Comments on Operating Environment and Future Outlook - Management noted a more cautious consumer backdrop in North America, impacting sales expectations for the fourth quarter [42][63] - Positive momentum in China and other Asian markets is expected to continue, with a focus on capturing domestic consumer demand [43][72] - The company raised its fiscal year 2023 revenue and earnings outlook based on strong third-quarter performance [35][40] Other Important Information - The company returned $270 million to shareholders, demonstrating commitment to enhancing long-term value [28][34] - Free cash flow for the quarter was an inflow of $71 million, with inventory levels favorable to expectations [34] - The company plans for approximately $1 billion in shareholder returns for fiscal 2023, including share repurchases and dividends [34] Q&A Session Summary Question: Demand backdrop in North America and China - Management acknowledged solid third-quarter results but noted a more cautious consumer in North America, while China showed strong growth across all channels [42][43] Question: Confidence in long-term targets - Management expressed confidence in the $5-plus EPS target, emphasizing disciplined operations and strong gross margin performance [46][48][49] Question: Promotional stance and outlook for AUR - Management indicated a disciplined promotional environment, with expectations for continued AUR gains and gross margin growth [51][52] Question: Health of the handbags and accessories category - Management described the handbag category as resilient, with strong emotional connections driving sustainable growth [56][57] Question: Changes in North American consumer engagement - Management noted a broad-based softness in consumer engagement, with a focus on maintaining brand health and pricing power [62][63] Question: Coachtopia and sustainability - Management highlighted Coachtopia's success and its potential to scale, emphasizing sustainability and material innovation [68][69]