secwatch.observer — SEC 8-K summary
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Issuer:     TAPESTRY, INC. (TPR)
CIK:        0001116132
Form:       8-K
Filed at:   2022-02-10T23:59:59+00:00
Accession:  0001157523-22-000172
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Tapestry Q2 revenue $2.14B (+27% YoY), non-GAAP EPS $1.33 beat; raises FY22 guidance
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- Record holiday revenue; Coach, Kate Spade, Stuart Weitzman all grew; digital sales up ~30% YoY.
- GAAP EPS $1.15, non-GAAP EPS $1.33; gross margin 68.1% with 320bps freight headwind.
- FY22 revenue guidance raised to ~$6.75B (from $6.6B); EPS raised to $3.60-3.65 (from $3.45-3.50).
- Share repurchase program expanded to $1.25B; total shareholder return expected >$1.5B.
- Q2 repurchased $500M of stock at avg $42.54; $850M remains on authorization.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1116132/000115752322000172/0001157523-22-000172-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1116132/000115752322000172/a52576909.htm
  HTML page:      https://secwatch.observer/filing/0001157523-22-000172

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