---
schema_version: "secwatch.filing_event.v1"
accession: "0001157523-23-001344"
form_type: "8-K"
ticker: "TPR"
cik: "0001116132"
company_name: "TAPESTRY, INC."
filed_at: "2023-08-17T23:59:59+00:00"
generated_at: "2026-06-11T07:23:16.640279+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Tapestry reports record FY23 EPS $3.88, raises dividend 17%, provides FY24 guidance

## Summary
- Record FY23 diluted EPS $3.88, up 22% from $3.17; Q4 EPS $0.95, up 27% YoY.
- Q4 gross margin 72.4% (+350 bps); FY23 gross margin 70.8% (+120 bps).
- FY23 revenue $6.66B, flat reported (+3% constant currency); Q4 revenue $1.62B.
- Returned ~$1B to shareholders in FY23: $700M buybacks, $283M dividends.
- FY24 guidance: revenue ~$6.9B (+3-4%), EPS $4.10-$4.15; dividend raised 17% to $1.40 annual; buybacks suspended.

## SEC filing metadata
- accession: 0001157523-23-001344
- form_type: 8-K
- ticker: TPR
- cik: 0001116132
- company_name: TAPESTRY, INC.
- filed_at: 2023-08-17T23:59:59+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/1116132/000115752323001344/0001157523-23-001344-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1116132/000115752323001344/a53539232.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001157523-23-001344
- JSON: https://secwatch.observer/filing/0001157523-23-001344.json
- Plain text: https://secwatch.observer/filing/0001157523-23-001344.txt

## Key facts
- Earnings Releases
  TAPESTRY, INC. reported fourth fiscal quarter ended July 1, 2023 results: revenue $1.62 billion, net income $224 million, EPS $0.95.
  - Period: fourth fiscal quarter ended July 1, 2023
  - Revenue: $1.62 billion
  - Net income: $224 million
  - EPS: $0.95
  - Result: reported results
  source text: Delivers Record EPS in Fiscal Year 2023 Drove Significant Operating Margin Expansion in the Fourth Quarter Fueled by a Gross Margin Increase of 350 Basis Points Versus Last Year Increased Fourth Quarter Diluted EPS by over 20% Versus Last Year to $0.95 Achieved Record Diluted EPS of $3.88 in Fiscal 2023, Growing at a Double-Digit Rate Versus Last Year Returned Approximately $1 Billion to Shareholders in Fiscal 2023 Supported by Strong Free Cash Flow Board of Directors Raised Dividend by 17% to an Expected Annual Rate of $1.40 per Share Link to Download Tapestry’s Q4 and Fiscal Year 2023 Earnings Presentation, Including Brand Highlights NEW YORK--(BUSINESS WIRE)--August 17, 2023--Tapestry, Inc.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1116132/000115752323001344/0001157523-23-001344-index.htm
- Earnings Releases
  TAPESTRY, INC. reported full year ended July 1, 2023 results: EPS $3.88.
  - Period: full year ended July 1, 2023
  - EPS: $3.88
  - Result: reported results
  source text: Achieved Record Diluted EPS of $3.88 in Fiscal 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/1116132/000115752323001344/0001157523-23-001344-index.htm

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