secwatch.observer — SEC 8-K summary
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Issuer:     TAPESTRY, INC. (TPR)
CIK:        0001116132
Form:       8-K
Filed at:   2023-02-09T23:59:59+00:00
Accession:  0001157523-23-000220
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1116132/000115752323000220/0001157523-23-000220-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1116132/000115752323000220/a53306068.htm
  HTML page:      https://secwatch.observer/filing/0001157523-23-000220

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