earnings
confidence high
sentiment positive
materiality 0.80
Tapestry Q4 EPS $0.78 non-GAAP, record FY22 sales $6.68B, dividend raised 20%
TAPESTRY, INC.
2022-FY EPS reported
$3.17
revenue$6,684,500,000
- Q4 non-GAAP EPS $0.78 (+20% YoY on 13-week basis); GAAP EPS $0.75 (+8% YoY).
- Full year FY2022 revenue $6.68B (record, +15% YoY); digital sales $2B (30% of total).
- Board approves 20% dividend increase to $0.30 quarterly ($1.20 annual); $1.6B stock buybacks in FY22.
- FY2023 guidance: revenue ~$6.9B (3-4% reported, 6-7% constant currency), EPS $3.80-$3.90.
- Acquired 7.7M new N.A. customers in FY22; gross margin pressured by $178M freight costs.