secwatch.observer — SEC 8-K summary
======================================

Issuer:     TAPESTRY, INC. (TPR)
CIK:        0001116132
Form:       8-K
Filed at:   2024-11-07T23:59:59+00:00
Accession:  0001140361-24-045498
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Tapestry beats Q1; record non-GAAP EPS $1.02, raises FY EPS to $4.50-$4.55
--------------------------------------------------------------------------

- Q1 revenue $1.51B flat YoY; GAAP EPS $0.79, non-GAAP EPS $1.02 (record).
- Gross margin expanded 280 bps to 75.3% from 72.5% YoY on ops and lower freight.
- Coach brand revenue $1.17B +1% (+2% CC); Kate Spade -7%; Europe +27%.
- Board declared $0.35 dividend payable Dec 23; FY dividend expected $1.40/share.
- Raised FY2025 EPS guidance to $4.50-$4.55 from $4.45-$4.50; revenue >$6.75B.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1116132/000114036124045498/0001140361-24-045498-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1116132/000114036124045498/ef20037911_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-24-045498

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer