---
schema_version: "secwatch.filing_event.v1"
accession: "0001157523-23-001697"
form_type: "8-K"
ticker: "TPR"
cik: "0001116132"
company_name: "TAPESTRY, INC."
filed_at: "2023-11-09T23:59:59+00:00"
generated_at: "2026-06-08T06:05:24.742724+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Tapestry Q1 revenue $1.51B, adj. EPS $0.93 (+18%), record; maintains FY2024 EPS $4.10-$4.15

## Summary
- Revenue $1.51B slightly above prior year; international up 7% constant currency led by Japan (+12%) and Greater China (+9%).
- Diluted EPS $0.84 reported, $0.93 non-GAAP (up 18% YoY); gross margin 72.5%, up 250 bps on lower freight and ops gains.
- Inventory down 17% YoY to $943M; operating cash flow $75M inflow vs $170M outflow prior year.
- Quarterly dividend $0.35 declared, payable Dec 26; annual rate raised 17% to $1.40/share.
- Capri acquisition: shareholder approval obtained, FTC 2nd request received; close expected in calendar 2024; $200M+ synergies.

## SEC filing metadata
- accession: 0001157523-23-001697
- form_type: 8-K
- ticker: TPR
- cik: 0001116132
- company_name: TAPESTRY, INC.
- filed_at: 2023-11-09T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1116132/000115752323001697/0001157523-23-001697-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1116132/000115752323001697/a53774140.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001157523-23-001697
- JSON: https://secwatch.observer/filing/0001157523-23-001697.json
- Plain text: https://secwatch.observer/filing/0001157523-23-001697.txt

## Key facts
- Earnings Releases
  TAPESTRY, INC. reported financial results for first fiscal quarter ended September 30, 2023.
  - Period: first fiscal quarter ended September 30, 2023
  - Result: reported results
  source text: Tapestry, Inc. ("Tapestry" or the "Company") issued a press release (the "Press Release") in which the Company announced its financial results for its first fiscal quarter ended September 30, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1116132/000115752323001697/0001157523-23-001697-index.htm

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