Form 8-K · Current report
Tapestry, Inc. 8-K, filed Nov 5, 2026
- Filed
- CIK
- 0001116132
- Accession no.
- 0001140361-26-042034
Summary
Tapestry, Inc. (NYSE: TPR) reported fiscal 2027 first-quarter net sales of $1.9 billion, up 11% from a year earlier, with GAAP diluted EPS of $1.76 and non-GAAP diluted EPS of $1.82, and raised its full-year revenue, operating margin, and earnings outlook. Chief Executive Officer Joanne Crevoiserat attributed the results to the company's Amplify growth strategy and said the raised outlook reflects confidence in the durability of its growth.
Key points
- Coach brand revenue rose 16% to $1.66 billion while Kate Spade revenue fell 10% to $233 million, on a pro forma basis.
- Gross margin expanded 230 basis points on a GAAP basis to 78.6%, and non-GAAP operating margin was 23.2%, up about 230 basis points.
- Tapestry now expects to return approximately $2.0 billion to shareholders in fiscal 2027, up from prior guidance, including $1.7 billion of share repurchases, $350 million more than previously planned.
- The board declared a quarterly cash dividend of $0.4625 per share payable December 21, 2026 to shareholders of record as of December 4, 2026.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
Items reported
- 2.02Results of Operations and Financial Condition
- 9.01Financial Statements and Exhibits
From the filing
Item 2.02 Results of Operations and Financial Condition. On November 5, 2026, Tapestry, Inc. (“Tapestry” or the “Company”) issued a press release (the “Press Release”) in which the Company announced its financial results for its first fiscal quarter ended September 26, 2026. The Company also posted a slide presentation entitled “Investor Presentation” dated November 5, 2026 on the “Presentations & Financial Reports” investor section of its website (www.tapestry.com). A copy of the Press Release is furnished herewith as Exhibit 99.1. …
An excerpt of the text as filed with the SEC, cut for length.
Readster writes AI-generated summaries of public filings for research purposes only. Summaries can be incomplete or wrong — check the original filing on SEC.gov before relying on it. Nothing here is investment, legal or medical advice.