Tapestry said on September 10, 2025 that its Board of Directors had authorized the repurchase of up to $3.00 billion of its outstanding common stock. The company said this authorization replaces the existing repurchase program reported under the November 12, 2021 Form 8-K filing, and that it may terminate or limit the stock repurchase program at any time.

8-KRegulation FD DisclosureFiled Sep 10, 2025Period of report Sep 10, 2025Summary published (UTC) Oct 12, 2026

Key points

AI summary

Tapestry said on September 10, 2025 that its Board of Directors had authorized the repurchase of up to $3.00 billion of its outstanding common stock. The company said this authorization replaces the existing repurchase program reported under the November 12, 2021 Form 8-K filing, and that it may terminate or limit the stock repurchase program at any time.
Tapestry said it plans to return $4 billion to shareholders through Fiscal Year 2028 via share repurchases and dividends, which the company expects will represent 100% of its adjusted free cash flow generation over the 3-year period from FY26 through FY28.
The company said it continues to anticipate an annual dividend of $1.60 per share in fiscal 2026, and expects a payout ratio of approximately 30% through fiscal 2028. It added it expects to buy back approximately $3 billion in common stock cumulatively from fiscal 2026 through fiscal 2028.
On a non-GAAP basis, Tapestry introduced financial targets for Fiscal 2027 through Fiscal 2028 of mid-single-digit annual revenue growth, operating margin expansion to over 22% by Fiscal 2028, an increase of over 200 basis points versus Fiscal 2025, and low double-digit diluted earnings per share growth.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

$3.00 billion Share Repurchase Authorization

Tapestry said on September 10, 2025 that its Board of Directors had authorized the repurchase of up to $3.00 billion of its outstanding common stock. The company said this authorization replaces the existing repurchase program reported under the November 12, 2021 Form 8-K filing, and that it may terminate or limit the stock repurchase program at any time.

Source · Based on the filing body and exhibits

$4 billion Shareholder Return Plan Through Fiscal FY2028

Tapestry said it plans to return $4 billion to shareholders through Fiscal Year 2028 via share repurchases and dividends, which the company expects will represent 100% of its adjusted free cash flow generation over the 3-year period from FY26 through FY28.

Source · Based on the filing body and exhibits

Dividend and Share Repurchase Details

The company said it continues to anticipate an annual dividend of $1.60 per share in fiscal 2026, and expects a payout ratio of approximately 30% through fiscal 2028. It added it expects to buy back approximately $3 billion in common stock cumulatively from fiscal 2026 through fiscal 2028.

Source · Based on the filing body and exhibits

Long-Term Financial Targets for Fiscal FY2027 Through Fiscal FY2028

On a non-GAAP basis, Tapestry introduced financial targets for Fiscal 2027 through Fiscal 2028 of mid-single-digit annual revenue growth, operating margin expansion to over 22% by Fiscal 2028, an increase of over 200 basis points versus Fiscal 2025, and low double-digit diluted earnings per share growth.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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