Tapestry (TPR) Risk Factor Changes

Unless we consent in writing to the selection of an alternative forum, the sole and exclusive forum for (a) any derivative action or proceeding brought on behalf of the Company, (b) any action asserting a claim of bre…

In addition, the Maryland Control Share Acquisition Act provides that “control shares” of a Maryland corporation (defined as shares of stock which, when aggregated with other shares of stock controlled by the stockhol…

We periodically return value to investors through payment of quarterly dividends and common stock repurchases.

Our business and long-range planning process is designed to maximize our long-term strength, growth, and profitability, and not to achieve an earnings target in any particular fiscal quarter.

In fiscal 2026, the Company returned capital to its shareholders through a quarterly cash dividend of $0.40 per common share, for an annual dividend rate of $1.60 per share, or $326.1 million.

Our efforts to enforce our intellectual property rights are from time to time met with defenses and counterclaims attacking the validity and enforceability of our intellectual property rights.

On December 12, 2022, the E.U.

On August 16, 2022, the Inflation Reduction Act of 2022 was signed into law, with tax provisions primarily focused on implementing a 15% corporate alternative minimum tax (“CAMT”) on global adjusted financial statemen…

Stakeholders, including consumers, employees and investors, have increasingly focused on corporate responsibility practices of companies.

Our business is susceptible to risks associated with climate change, including through disruption to our supply chain, potentially impacting the production and distribution of our products including availability and p…

Awareness of and sensitivity to personal data breaches and cyber security threats by consumers, employees and lawmakers is at an all-time high.

We depend on digital technologies for the successful operation of our business, including corporate email and chat communications to and from employees, customers, stores and vendors, the design, manufacture and distr…

Our brands currently have multi-year agreements with licensing partners for certain products.

The Company's results are typically affected by seasonal trends.

Globally we utilize fulfillment centers in mainland China, the Netherlands, the U.K.

Because our fulfillment centers include automated and computer-controlled equipment, they are susceptible to risks including power interruptions, system failures, software viruses, configuration errors and security br…

Our business may be materially impacted if our fulfillment centers face significant interruptions in operations.

We continuously evaluate how to best structure our business in an effort to maximize shareholder value, which could include the divestiture of certain of our lines of business.

Our failure to successfully complete the integration of any acquired business, including as a result of regulatory challenges, and any adverse consequences associated with future acquisition activities, could have an…

Additionally, changes to our office environments, the adoption of new work models and AI, and our requirements and/or expectations about when or how often certain employees work on-site or remotely may not meet the ex…

•identifying and adapting to changes in technology, including the successful utilization of data analytics, artificial intelligence (“AI”), and machine learning, and competing with AI-enabled shopping tools to help fi…

Consequently, if our global omni-channel expansion plans, or our product and pricing architecture strategies, are unsuccessful, or we are unable to retain and/or attract key personnel, our business, financial conditio…

We have also made strategic updates to our global product and pricing architecture, which may change consumer shopping behavior and shift demand across channels and geographies.

We aim to provide a seamless omni-channel experience to our customers regardless of whether they are shopping in stores or engaging with our brands through digital technology, such as computers, mobile phones, tablets…

Our success and growth depend on the continued development of our omni-channel presence for each of our brands globally, pursuing global digital opportunities for each brand, along with select bricks and mortar expans…

The growth of our business depends on the successful execution of our global omni-channel expansion efforts and our ability to execute our digital and e-commerce priorities and our multi-channel strategies.

Our success also depends in part on our and our executive leadership team's ability to execute on our plans and strategies for each of our brands and for Tapestry, as a multi-brand enterprise.

Our growth depends on the continued success of existing products, as well as the successful design, introduction of new products and maintaining an appropriate rationalization of our assortment.

Each of our brands is unique and independent, while sharing a commitment to innovation and authenticity defined by unique brand purposes, distinctive products, and differentiated customer experiences across business c…

•disruptions or delays in shipments whether due to port congestion, logistics carrier disruption (including as a result of labor disputes), other shipping capacity constraints or other factors, which have resulted and…

We operate on a global basis, with approximately 41.3% of our net sales coming from operations outside of the United States for fiscal year 2026.

International trade disputes as well as changes and uncertainty regarding international trade and trade policies, including the imposition or threat of the imposition of new or increased tariffs or other trade restric…

not have jurisdiction, the United States District court for the District of Maryland, Baltimore Division).

decisions with respect to our securities do so at their own risk.

On July 4, 2025, the One Big Beautiful Bill Act ("OBBBA") was enacted.

Stakeholders, including consumers, employees and investors, have increasingly focused on corporate responsibility practices of companies.

(the "Existing Revolving Credit Facility") with a new revolving credit facility (the "Amended Revolving Credit Facility"), dated as of May 22, 2025.

As of June 28, 2025, our consolidated debt was approximately $2.39 billion.

types, including phishing and other attempts to breach or gain unauthorized access to our systems.

addition, fluctuations in net sales, operating income and operating cash flows of the Company in any fiscal quarter may be affected by the timing of wholesale shipments and other events affecting retail sales, includi…

Globally we utilize fulfillment centers in mainland China, the Netherlands, the U.K.

A failure to compete effectively or to keep pace with rapidly changing consumer preferences, technology and product trends could adversely affect our growth and profitability.

impact the growth of our brands and the Tapestry multi-brand portfolio, and our overall business, financial condition, and results of operations.

beyond our control.

We believe our trademarks, copyrights, patents and other intellectual property rights are extremely important to our success and our competitive position.

excise tax on share repurchases.

from policy action taken to transition the economy off of fossil fuels.

As of June 27, 2026, our consolidated debt was approximately $2.38 billion.

The regulatory landscape governing AI is rapidly evolving.

Use of AI by our employees or third-party service providers could increase the risk of exposure of our proprietary, confidential, sensitive or personal information.

We are increasingly integrating AI technologies, including generative AI and machine learning, across various aspects of our business, which presents evolving risks that may be difficult to predict or mitigate.

The development, use, or misuse of AI technologies, and the failure to effectively adopt such technologies, may not be successful and could negatively impact our business.

bankruptcy risks, and maintain customer relationships.

may also be incurred in the integration of our business and the acquired business.

A failure to compete effectively or to keep pace with rapidly changing consumer preferences, technology and product trends could adversely affect our growth and profitability.

There is no assurance that we will be able to sustain such efforts in accordance with our plans, that such efforts will result in the intended or otherwise desirable outcomes or that such efforts, even if successfully…

The Company introduced its 2028 growth strategy, Amplify, in the first quarter of fiscal 2026, which focuses on four key pillars: (i) Building Emotional Connections with Consumers; (ii) Fueling Fashion Innovation & Pr…

The successful implementation of the Company’s 2028 growth strategy, Amplify, is key to the long-term success of our business.

We are also engaging in initiatives to harmonize the customer experience between our retail and outlet channels, by bringing select full price products into the outlet channel and enabling a single-cart checkout proce…

including the increasing shift to digital brand engagement and social media communication.

The U.S.

the Section 301 investigations relating to forced labor practices, imposing new tariff rates ranging from 10% to 12.5% on most imports from certain countries, effective upon the expiration of the temporary Section 122…

Following the Supreme Court's decision, the U.S.

On February 20, 2026, the U.S.