---
schema_version: "secwatch.filing_event.v1"
accession: "0001157523-23-000816"
form_type: "8-K"
ticker: "TPR"
cik: "0001116132"
company_name: "TAPESTRY, INC."
filed_at: "2023-05-11T23:59:59+00:00"
generated_at: "2026-06-15T03:32:39.693364+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Tapestry Q3 net sales $1.51B (+5%) and EPS $0.78 beat; raises FY2023 EPS outlook to $3.85-$3.90

## Summary
- Q3 revenue $1.51B (+5% reported, +9% constant currency); gross margin 72.8% (+290 bps YoY).
- Diluted EPS $0.78 vs $0.46 prior year (non-GAAP prior year $0.51); raised FY2023 EPS guidance to $3.85-$3.90.
- International revenue grew ~20% constant currency; Greater China up ~20%; North America low-single-digit gain.
- Returning $1B to shareholders in FY2023: $700M share repurchases, $300M dividends ($1.20 annual, +20%).
- Inventory up only 2% YoY; free cash flow Q3 inflow $71M vs outflow $55M prior year.

## SEC filing metadata
- accession: 0001157523-23-000816
- form_type: 8-K
- ticker: TPR
- cik: 0001116132
- company_name: TAPESTRY, INC.
- filed_at: 2023-05-11T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1116132/000115752323000816/0001157523-23-000816-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1116132/000115752323000816/a53397141.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001157523-23-000816
- JSON: https://secwatch.observer/filing/0001157523-23-000816.json
- Plain text: https://secwatch.observer/filing/0001157523-23-000816.txt

## Key facts
- Earnings Releases
  TAPESTRY, INC. reported third fiscal quarter ended April 1, 2023 results: revenue $1.51 billion, EPS $0.78. Guidance raised.
  - Period: third fiscal quarter ended April 1, 2023
  - Revenue: $1.51 billion
  - EPS: $0.78
  - Guidance: raised
  - Result: reported results
  source text: in the quarter and $714 million year-to-date through a combination of share repurchases and dividends . Overview of Fiscal 2023 Third Quarter Financial Results Net sales totaled $1.51 billion compared to $1.44 billion in the prior year, representing a reported year-over-year increase of 5%. Excluding a 370 basis point headwind from currency due to the appreciation of
  evidence_url: https://www.sec.gov/Archives/edgar/data/1116132/000115752323000816/0001157523-23-000816-index.htm

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