TAPESTRY $TPR Q4’26 EARNINGS HIGHLIGHTS 🔹 Revenue: $1.9B (Est. $1.88B) 🟡; +9% YoY 🔹 Adj. EPS: $1.32 (Est. $1.28) 🟢; +28% YoY 🔹 Non-GAAP Oper Income: $362M (Est. $340M) 🟢; +25% YoY 🔹 Non-GAAP Gross Margin: 78.1%; +180 bps YoY FY27 Guide: 🔹 Revenue: $8.4B-$8.5B (Est. $8.46B) 🟡 🔹 Adj. EPS: $7.80-$7.90 (Est. $7.84) 🟡 🔹 Operating Margin Expansion: ~+50 bps YoY 🔹 Net Interest Expense: ~$55M 🔹 Tax Rate: ~18.5% 🔹 Adjusted FCF: ~$1.7B Q1 Guide: 🔹 Adj. EPS: ~$1.55 (Est. $1.49) 🟢 🔹 Revenue Growth: High-single-digits YoY Segment Net Revenue: 🔹 Coach: $1.6B; +15% YoY 🔹 Kate Spade: $235.1M; -7% YoY Other Q4 Metrics: 🔹 Non-GAAP Operating Margin: 19.3%; +250 bps YoY 🔹 Net Income: $347.8M 🔹 Adjusted Free Cash Flow: $1.9B Capital Return: 🔹 FY26 Shareholder Returns: $1.7B 🔹 FY27 Dividend: $0.4625/share; +16% 🔹 FY27 Share Repurchases: $1.4B Comments: 🔸 “Our fourth quarter outperformance capped a year of strong growth, as we meaningfully exceeded expectations and achieved key financial commitments we established at our Investor Day two years ahead of plan.” 🔸 “These strengths enable us to deliver creativity, value, and relevance at scale, deepening our connections with consumers globally. We are confident our advantages will continue to compound, driving durable growth and long-term shareholder value.”

The Bayeux Tapestry has been a big talking point since it arrived in the UK, and the Conservatives created their own replica for their party conference. And @SophyRidgeSky might have found something that has divided the party...

Celebrating the Bayeux Tapestry, now on show at the British Museum. Thank you for the historic loan, France - and for the latest magical stitch in a story that has bound our two nations together through history. 🇬🇧 🇫🇷