---
schema_version: "secwatch.filing_event.v1"
accession: "0001157523-23-000220"
form_type: "8-K"
ticker: "TPR"
cik: "0001116132"
company_name: "TAPESTRY, INC."
filed_at: "2023-02-09T23:59:59+00:00"
generated_at: "2026-06-19T19:16:18.867370+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Tapestry Q2 diluted EPS $1.36 beats; raises FY2023 EPS guidance to $3.70-$3.75

## Summary
- Revenue $2.03B (-5% reported, -2% constant currency); record Q2 diluted EPS $1.36 vs $1.15 prior year.
- Gross margin 68.6% (up 50bps); operating margin 20.6% (down 100bps due to FX headwinds).
- Returned $272M to shareholders in Q2 via buybacks ($200M) and dividends; on track for $1B in FY2023.
- Greater China revenue declined 20% constant currency due to COVID; quarter-to-date trends improving significantly.
- Raised FY2023 EPS guidance to $3.70-$3.75 from prior; revenue ~$6.6B (slight decrease reported, +2-3% CC).

## SEC filing metadata
- accession: 0001157523-23-000220
- form_type: 8-K
- ticker: TPR
- cik: 0001116132
- company_name: TAPESTRY, INC.
- filed_at: 2023-02-09T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1116132/000115752323000220/0001157523-23-000220-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1116132/000115752323000220/a53306068.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001157523-23-000220
- JSON: https://secwatch.observer/filing/0001157523-23-000220.json
- Plain text: https://secwatch.observer/filing/0001157523-23-000220.txt

## Key facts
- Earnings Releases
  TAPESTRY, INC. reported the fiscal second quarter ended December 31, 2022 results: revenue $2.03 billion, EPS $1.36. Guidance raised.
  - Period: the fiscal second quarter ended December 31, 2022
  - Revenue: $2.03 billion
  - EPS: $1.36
  - Guidance: raised
  - Result: reported results
  source text: in the quarter and $444 million year-to-date through a combination of share repurchases and dividends. Overview of Fiscal 2023 Second Quarter Financial Results Net sales totaled $2.03 billion compared to $2.14 billion in the prior year, representing a reported year-over-year decrease of approximately 5%. Excluding a 380 basis point headwind from currency due to the
  evidence_url: https://www.sec.gov/Archives/edgar/data/1116132/000115752323000220/0001157523-23-000220-index.htm

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