secwatch.observer — SEC 8-K summary
======================================

Issuer:     TAPESTRY, INC. (TPR)
CIK:        0001116132
Form:       8-K
Filed at:   2023-08-17T23:59:59+00:00
Accession:  0001157523-23-001344
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1116132/000115752323001344/0001157523-23-001344-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1116132/000115752323001344/a53539232.htm
  HTML page:      https://secwatch.observer/filing/0001157523-23-001344

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