TAPESTRY, INC.
For the period ended Jun 27, 2026. Filed Aug 13, 2026.
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FY2026 · Filed Aug 13, 2026
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Schedule II — Valuation and Qualifying Accounts
For the Fiscal Years Ended June 27, 2026, June 28, 2025 and June 29, 2024
| Balance at Beginningof Year | Additions Charged to Costs and Expenses | Write-offs/Allowances Taken | Other(1) | Balance atEnd of Year | |
|---|---|---|---|---|---|
| (millions) | |||||
| Allowance for credit losses | $6.7 | $6.1 | $(5.7) | $(1.0) | $6.1 |
| Allowance for returns | 15.7 | 13.4 | (6.6) | (7.4) | 15.1 |
| Allowance for markdowns | 12.2 | 13.7 | (11.3) | (4.2) | 10.4 |
| Valuation allowance | 17.6 | — | (5.6) | — | 12.0 |
| Total | $52.2 | $33.2 | $(29.2) | $(12.6) | $43.6 |
| Allowance for credit losses(2) | $6.9 | $3.6 | $(3.8) | $— | $6.7 |
| Allowance for returns(2) | 11.2 | 17.3 | (12.8) | — | 15.7 |
| Allowance for markdowns(2) | 9.6 | 17.4 | (14.8) | — | 12.2 |
| Valuation allowance | 32.1 | — | (14.5) | — | 17.6 |
| Total | $59.8 | $38.3 | $(45.9) | $— | $52.2 |
| Allowance for credit losses | $5.8 | $4.3 | $(3.2) | $— | $6.9 |
| Allowance for returns | 15.3 | 10.4 | (14.5) | — | 11.2 |
| Allowance for markdowns | 11.3 | 14.9 | (16.6) | — | 9.6 |
| Valuation allowance | 34.3 | — | (2.2) | — | 32.1 |
| Total | $66.7 | $29.6 | $(36.5) | $— | $59.8 |
(1)Other represents balances related to the Stuart Weitzman Business which was sold on August 4, 2025. Refer to Note 5, "Acquisitions and Divestitures," for additional information.
(2)Fiscal 2025 balances at end of year for Allowance for credit losses, Allowance for returns and Allowance for markdowns include balances for the Stuart Weitzman Business of $1.0 million, $7.4 million, and $4.2 million, respectively, which are presented in the Consolidated Balance Sheet as Assets held for sale as of June 28, 2025. Refer to Note 5, "Acquisitions and Divestitures," for further information.
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