Tapestry (TPR): what its 10-K says it depends on

Customers

Wholesale customers (department stores)

earns from · approximately 12% of total net salesnamed as a risk

Our wholesale business comprised approximately 12% of total net sales for fiscal 2026.Risk factors (Item 1A)

Also named by CROX

Partners and platforms

Luxottica

earns from

Coach Eyewear Luxottica 2026(1)Business (Item 1)

Interparfums

earns from

Coach Fragrance Interparfums 2031Business (Item 1)

Movado

earns from

Coach Watches Movado 2028Business (Item 1)

Safilo

earns from

Kate Spade Eyewear Safilo 2031Business (Item 1)

Other companies

Coach

concentrated in · 86.4% of total net sales

This segment represented 86.4% of total net sales in fiscal 2026.Business (Item 1)

Places

Outside United States

earns from · approximately 41.3% of our net salesnamed as a risk

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.Risk factors (Item 1A)

Also named by EXTR, RGLD, RHI, SON

India

depends onnamed as a risk

During fiscal 2026, the primary manufacturers of Coach products were located in Vietnam, Cambodia, the Philippines and India, and the primary manufacturers of Kate Spade products were located in Vietnam, Cambodia, the Philippines, and Bangladesh.Risk factors (Item 1A)

Also named by A, AAPL, ACN, AJG, AKAM, AMZN, AOS, AVGO and 54 more

Florida

operates innamed as a risk

In North America we maintain fulfillment centers in Florida, Ohio and Nevada, operated by Tapestry.Risk factors (Item 1A)

Also named by ABR, ALLY, AN, AXP, AZO, BBY, BJ, BRO and 54 more

Vietnam

depends onnamed as a risk

During fiscal 2026, the primary manufacturers of Coach products were located in Vietnam, Cambodia, the Philippines and India, and the primary manufacturers of Kate Spade products were located in Vietnam, Cambodia, the Philippines, and Bangladesh.Risk factors (Item 1A)

Also named by AAPL, AMKR, ANET, ASO, BBW, CGNX, CIEN, CROX and 16 more

Pennsylvania

operates innamed as a risk

The Company is in the process of transitioning operations from its Ohio fulfillment center to a third-party facility in Pennsylvania.Risk factors (Item 1A)

Also named by AWK, CNX, DTM, EQT, FE, GMED, NFG, PEG and 6 more

Ohio

operates innamed as a risk

The Company is in the process of transitioning operations from its Ohio fulfillment center to a third-party facility in Pennsylvania.Risk factors (Item 1A)

Also named by AM, AR, BBSI, CINF, DRVN, ELV, FE, INTC and 6 more

Philippines

depends onnamed as a risk

During fiscal 2026, the primary manufacturers of Coach products were located in Vietnam, Cambodia, the Philippines and India, and the primary manufacturers of Kate Spade products were located in Vietnam, Cambodia, the Philippines, and Bangladesh.Risk factors (Item 1A)

Also named by ACN, ADI, AEHR, COF, FDS, HRL, INTU, LITE and 5 more

Cambodia

depends onnamed as a risk

During fiscal 2026, the primary manufacturers of Coach products were located in Vietnam, Cambodia, the Philippines and India, and the primary manufacturers of Kate Spade products were located in Vietnam, Cambodia, the Philippines, and Bangladesh.Risk factors (Item 1A)

Also named by ASO, LULU, NKE, RL

Greater China

earns fromnamed as a risk

•changes in tourist shopping patterns and consumer behavior, particularly that of the Chinese consumer;Risk factors (Item 1A)

Also named by CGNX, EBAY, ILMN, MAR

Nevada

operates innamed as a risk

In North America we maintain fulfillment centers in Florida, Ohio and Nevada, operated by Tapestry.Risk factors (Item 1A)

Also named by CDE, HL, HOOD, TREX

Bangladesh

depends onnamed as a risk

During fiscal 2026, the primary manufacturers of Coach products were located in Vietnam, Cambodia, the Philippines and India, and the primary manufacturers of Kate Spade products were located in Vietnam, Cambodia, the Philippines, and Bangladesh.Risk factors (Item 1A)

Also named by ASO, LULU, TGT

Commodities and inputs

Euro

exposed to its price · $1.82 billionnamed as a risk

As of June 27, 2026 and June 28, 2025, we have multiple fixed-to-fixed cross-currency swap foreign exchange and forward foreign exchange agreements with aggregate notional amounts of $1.82 billion and $1.69 billion, respectively, predominantly to hedge our net investment in Euro-denominated subsidiaries, Japanese Yen-denominated subsidiaries and Chinese Renminbi-denominated subsidiaries against future volatility in the exchange rates between the United States dollar and their local currencies.Market risk (Item 7A)

Also named by ABBV, ABNB, ABT, ADBE, ADI, AME, AMG, AMGN and 186 more

Japanese Yen

exposed to its price · $1.82 billionnamed as a risk

As of June 27, 2026 and June 28, 2025, we have multiple fixed-to-fixed cross-currency swap foreign exchange and forward foreign exchange agreements with aggregate notional amounts of $1.82 billion and $1.69 billion, respectively, predominantly to hedge our net investment in Euro-denominated subsidiaries, Japanese Yen-denominated subsidiaries and Chinese Renminbi-denominated subsidiaries against future volatility in the exchange rates between the United States dollar and their local currencies.Market risk (Item 7A)

Also named by ABBV, ABT, ACN, ADBE, ALK, AMAT, AMKR, BMY and 24 more

Chinese Renminbi

exposed to its pricenamed as a risk

This primarily includes exposure to exchange rate fluctuations in the British Pound, the Singapore Dollar and the Chinese Renminbi.Market risk (Item 7A)

Also named by AAOI, ALB, AOS, APD, BBW, BWA, CGNX, COHR and 15 more

Oil

exposed to its pricenamed as a risk

Furthermore, the cost of transportation has fluctuated and may continue to fluctuate significantly if oil prices continue to rise.Risk factors (Item 1A)

Also named by AYI, BAX, BSM, GM, GRC, J, JBL, JEF and 6 more

Leather

depends on

We have longstanding relationships with purveyors of fine leathers and hardware.Business (Item 1)

Also named by LEA, VFC

Regulators

U.S. Customs and Border Protection (CBP)

subject to · $114.7 millionnamed as a risk

We estimate the amount of the probable refund to be $114.7 million, which was recorded as a receivable.Risk factors (Item 1A)

Also named by BALL, BJ, CHRW, CROX, EXPD, FDX, FDXF, JBHT and 12 more

Laws and programs

OECD Pillar Two Global Minimum Tax

subject to · 15%named as a risk

Based on the countries in which we do business, these rule changes started to negatively impact the Company's effective tax rate beginning in fiscal 2026.Risk factors (Item 1A)

Also named by ABNB, ACN, ADI, ADM, ADSK, AKAM, ALB, AMAT and 70 more

International Emergency Economic Powers Act (IEEPA) tariffs

subject to · approximately $117 millionnamed as a risk

The Company paid approximately $117 million in IEEPA tariffs.Risk factors (Item 1A)

Also named by AAOI, ANET, ARW, COHR, CSW, DECK, FIVE, IBP and 8 more

Section 122 of the Trade Act of 1974 tariffs

subject to · 10%named as a risk

Following the Supreme Court's decision, the U.S. Administration announced a 10% global tariff under Section 122 of the Trade Act of 1974 which became effective February 24, 2026, for a period of up to 150 days, which expired on July 24, 2026.Risk factors (Item 1A)

Also named by CAH, FSLR

Amended Revolving Credit Facility

subject to · $2.00 billionnamed as a risk

Under the Amended Revolving Credit Facility, we are required to comply on a quarterly basis with a maximum net leverage ratio of 4.00:1.00, which may be increased to 4.50:1.00 following the consummation of a material acquisition, subject to certain limitations set forth in the Amended Revolving Credit Facility.Risk factors (Item 1A)

Also named by MUR

Conflict minerals (Democratic Republic of the Congo)

subject tonamed as a risk

•compliance with applicable laws and regulations, including U.S. laws regarding the identification and reporting on the use of “conflict minerals” sourced from the Democratic Republic of the Congo in the Company’s products, other laws and regulations regarding the sourcing of materials in the Company’s products, the FCPA, U.K. Bribery Act and other global anti-corruption laws, as applicable, and other U.S. and international regulations and requirements;Risk factors (Item 1A)

Also named by GNTX, ILMN, ISRG, KTOS, RVTY, VSH, WAT