Tapestry Inc 2026年季度报告

In this Form 10-Q, references to “we,” “our,” “us,” "Tapestry" and the “Company” refer to Tapestry, Inc., including consolidatedsubsidiaries. References to "Coach," "Kate Spade" or "kate spade new york" refer only to the referenced brand. SPECIAL NOTE ON FORWARD-LOOKING INFORMATION This document, and the documents incorporated by reference in this document, our press releases and oral statements made fromtime to time by us or on our behalf, may contain certain "forward-looking statements" within the meaning of the federal securitieslaws, including Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, asamended, and are based on management's current expectations, that involve risks and uncertainties that could cause our actual resultsto differ materially from our current expectations. In this context, forward-looking statements often address expected future businessand financial performance and financial condition, and often contain words such as "may," "can," "if," "continue," "project,""assumption," "should," "expect," "confidence," "goals," "trends," "anticipate," "intend," "estimate," "on track," "future," "wellpositioned to," "plan," "potential," "position," "deliver," "believe," "seek," "see," "will," "would," "uncertain," "achieve," "strategic,""growth," "target," "guidance," "forecast," "outlook," "commit," "innovation," "drive," "leverage," "generate," "enhance," "effort," Tapestry, Inc.’s actual results could differ materially from the results contemplated by these forward-looking statements and aresubject to a number of risks, uncertainties, estimates and assumptions that may cause actual results to differ materially from currentexpectations due to a number of factors, including, but not limited to: (i) the impact of international trade disputes and the risksassociated with potential changes to international trade agreements, including the imposition or threat of imposition of new orincreased tariffs or retaliatory tariffs implemented by countries where our manufacturers are located as well as the imposition ofadditional duties on the products we import; (ii) the impact of economic conditions, recession and inflationary measures; (iii) ourexposure to international risks, including currency fluctuations and changes in economic or political conditions in the markets wherewe sell or source our products; (iv) our ability to retain the value of our brands and to respond to changing fashion and retail trends in atimely manner, including our ability to execute on our e-commerce and digital strategies; (v) the impact of tax and other legislation;(vi) the ability to successfully implement the initiatives under our 2028 Amplify growth strategy; (vii) the effect of existing and newcompetition in the marketplace; (viii) our ability to successfully identify and implement any sales, acquisitions or strategic transactions WHERE YOU CAN FIND MORE INFORMATION Tapestry's quarterly financial results and other important information are available by calling the Investor Relations Department at(212) 629-2618. Tapestry maintains its website atwww.tapestry.com where investors and other interested parties may obtain, free of charge, pressreleases and other information as well as gain access to our periodic filings with the SEC. TAPESTRY, INC.Notes to Condensed Consolidated Financial Statements 1. NATURE OF OPERATIONS Tapestry, Inc. (the "Company") is a house of iconic accessories and lifestyle brands. Our global house of brands unites the magicof Coach and kate spade new york. Each of our brands are unique and independent, while sharing a commitment to innovation andauthenticity defined by distinctive products and differentiated customer experiences across channels and geographies. We use ourcollective strengths to move our customers and empower our communities, to make the fashion industry more sustainable, and to The Coach and Kate Spade segments include global sales of products to customers through our direct-to-consumer ("DTC"),wholesale and licensing businesses. On August 4, 2025, the Company completed the previously announced sale of the Stuart 2. BASIS OF PRESENTATION AND ORGANIZATION Interim Financial Statements These unaudited interim condensed consolidated financial statements have been prepared pursuant to the rules and regulations ofthe Securities and Exchange Commission ("SEC"). In the opinion of management, such condensed consolidated financial statementscontain all normal and recurring adjustments necessary to present fairly the condensed consolidated financial position, results ofoperations, comprehensive income (loss) and cash flows of the Company for the interim periods presented. In addition, certaininformation and footnote disclosures normally included in financial statements prepared in accordance with accounting principles The results of operations, cash flows and comprehensive income for the six months ended December27, 2025 are