secwatch.observer — SEC 8-K summary
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Issuer:     TAPESTRY, INC. (TPR)
CIK:        0001116132
Form:       8-K
Filed at:   2022-09-09T23:59:59+00:00
Accession:  0001157523-22-001201
Event type: other_material
Sentiment:  positive
Materiality: 0.75
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Tapestry targets $8B revenue, >$5 EPS by FY2025; $3B capital return planned
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1116132/000115752322001201/0001157523-22-001201-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1116132/000115752322001201/a52878474.htm
  HTML page:      https://secwatch.observer/filing/0001157523-22-001201

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