other material
confidence high
sentiment positive
materiality 0.75
Tapestry targets $8B revenue, >$5 EPS by FY2025; $3B capital return planned
TAPESTRY, INC.
- FY2025 revenue target of $8B (6-7% three-year CAGR); EPS >$5 (low-to-mid-teens CAGR).
- Coach revenue goal $5.7B (mid-single-digit CAGR) with 30% operating margin.
- Kate Spade revenue goal $1.9B (high-single-digit CAGR); Stuart Weitzman $450M (low-double-digit CAGR).
- Operating margin target ~19% (~100 bps expansion vs FY22); cumulative $3B shareholder return by FY25.
- Dividend payout ratio 35%-40%; annual share repurchases at least $700M; FY23 outlook unchanged.