---
schema_version: "secwatch.filing_event.v1"
accession: "0001157523-22-001586"
form_type: "8-K"
ticker: "TPR"
cik: "0001116132"
company_name: "TAPESTRY, INC."
filed_at: "2022-11-10T23:59:59+00:00"
generated_at: "2026-06-21T22:15:05.960149+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Tapestry Q1 revenue $1.51B (+2% YoY) record; EPS $0.79 ahead of guidance

## Summary
- Diluted EPS $0.79 vs. prior year $0.80 (reported) and $0.82 (non-GAAP); beat guidance.
- Revenue $1.51B, up 2% reported, >5% constant currency; international up 11% constant currency, Greater China -11%.
- Gross margin 70.0% (down 2.2pp) due to $20M freight and FX; SG&A 53.1% of sales vs 52.2% prior.
- FY2023 guidance: revenue $6.5-6.6B; EPS $3.60-3.70, including $0.50 FX headwind; expects $1B shareholder return.
- Returned $175M to shareholders in Q1 via buybacks ($100M) and dividends; annual dividend raised 20% to $1.20/share.

## SEC filing metadata
- accession: 0001157523-22-001586
- form_type: 8-K
- ticker: TPR
- cik: 0001116132
- company_name: TAPESTRY, INC.
- filed_at: 2022-11-10T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1116132/000115752322001586/0001157523-22-001586-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1116132/000115752322001586/a52965818.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001157523-22-001586
- JSON: https://secwatch.observer/filing/0001157523-22-001586.json
- Plain text: https://secwatch.observer/filing/0001157523-22-001586.txt

## Key facts
- Earnings Releases
  TAPESTRY, INC. reported first fiscal quarter ended October 1, 2022 results: revenue $1.5 billion, net income $195 million, EPS $0.79. Guidance reaffirmed.
  - Period: first fiscal quarter ended October 1, 2022
  - Revenue: $1.5 billion
  - Net income: $195 million
  - EPS: $0.79
  - Guidance: reaffirmed
  - Result: reported results
  source text: Tapestry, Inc. Reports Fiscal 2023 First Quarter Results Delivered Record First Quarter Revenue of $1.5 Billion, an Increase of 2% Versus Prior Year on a Reported Basis and Over 5% in Constant Currency Fueled International Growth of 4% Versus Prior Year on a Reported Basis and 11% in Constant Currency Achieved Diluted EPS of $0.79, Ahead of Guidance
  evidence_url: https://www.sec.gov/Archives/edgar/data/1116132/000115752322001586/0001157523-22-001586-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.