secwatch.observer — SEC 8-K summary
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Issuer:     TAPESTRY, INC. (TPR)
CIK:        0001116132
Form:       8-K
Filed at:   2025-09-10T23:59:59+00:00
Accession:  0001140361-25-034501
Event type: other_material
Sentiment:  positive
Materiality: 0.75
Item codes: 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Tapestry unveils 'Amplify' strategy, targets low-double-digit EPS growth, $3B buyback
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- New $3B share repurchase authorization replaces prior program; plans $4B total capital return through FY2028.
- Long-term targets: mid-single-digit revenue growth annually, operating margin >22% by FY2028, low-double-digit EPS growth.
- Coach brand expects mid-single-digit revenue CAGR; ambition to reach $10B in revenue. Kate Spade to return to growth in FY2027.
- Dividend anticipated at $1.60/share in FY2026, growing at least in-line with earnings, payout ratio ~30%.
- Adjusted free cash flow expected $4B cumulatively for FY2026-2028; FY2026 outlook unchanged.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1116132/000114036125034501/0001140361-25-034501-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1116132/000114036125034501/ef20055316_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-25-034501

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