secwatch / observer

TAPESTRY, INC. — fact timeline

Source-grounded facts extracted from TAPESTRY, INC.'s SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.

TPR TAPESTRY, INC. JSON
Earnings Releases

TAPESTRY, INC. reported third fiscal quarter ended March 28, 2026 results: revenue 1,920.6, EPS 1.65. Guidance raised.

“Third Quarter Financial Highlights (Unaudited) – in USD millions except per share data Quarter Ended March 28, 2026 March 29, 2025 Change Constant Currency % Change Net sales 1,920.6 1,584.6 21% 19% Pro Forma Net sales 1 1,920.6 1,538.4 25% 23% Gross profit 1,476.5 1,205.8 22% Gross margin 76.9% 76.1% 80 bps Non-GAAP Gross profit 2 1,476.5 1,205.8 22% Non-GAAP”

Liz Fraser departed as CEO & Brand President of Kate Spade at TAPESTRY, INC..

“On August 1, 2024, the Company announced that Liz Fraser, the CEO & Brand President of Kate Spade, will be leaving the Company.”
Earnings Releases

TAPESTRY, INC. reported fiscal third quarter ended March 30, 2024 results: revenue $1.48 billion, net income $139 million, EPS $0.60.

“levels 12% below the prior year, reflecting the Company’s focus on disciplined inventory management. Overview of Fiscal 2024 Third Quarter Financial Results • Net sales totaled $1.48 billion compared to $1.51 billion in the prior year period, representing a decline of 2% on a reported basis. Excluding a currency headwind of approximately 160 basis points, sales”

David Elkins was elected as Director at TAPESTRY, INC..

“elected each of Kevin Hourican and David Elkins as a director of the Company, effective as of February 29, 2024.”

Kevin Hourican was elected as Director at TAPESTRY, INC..

“elected each of Kevin Hourican and David Elkins as a director of the Company, effective as of February 29, 2024.”
Earnings Releases

TAPESTRY, INC. reported fiscal second quarter ended December 30, 2023 results: revenue $2.08 billion, net income $322 million, EPS $1.39 on a reported basis, and $1.63 on a non-GAAP basis. Guidance raised.

“Net sales totaled $2.08 billion compared to $2.03 billion in the prior year period, representing growth of 3% on both a reported and constant currency basis.”
Material Agreements

TAPESTRY, INC. entered into EUR Indenture (Third Supplemental Indenture dated November 27, 2023) with U.S. Bank Trust Company, National Association and Elavon Financial Services DAC valued at €500,000,00 aggregate principal amount of 5.350% senior unsecured notes due 2025; €500,000,00 of 5.3 (effective 2023-11-27).

“On November 27, 2023, the Company issued €500,000,00 aggregate principal amount of 5.350% senior unsecured notes due 2025 (the “ 2025 EUR Notes ”), €500,000,00 aggregate principal amount of 5.375% senior unsecured notes due 2027 (the “ 2027 EUR Notes ”) and €500,000,00 aggregate principal amount of 5.875% senior unsecured notes due 2031 (the “ 2031 EUR Notes ” together with the 2025 EUR Notes and the 2027 EUR Notes, the “ EUR Notes ”).”
Material Agreements

TAPESTRY, INC. entered into USD Indenture (Base Indenture dated December 1, 2021 as supplemented by Second Supplemental Indenture dated November 27, 2023) with U.S. Bank Trust Company, National Association (as successor in interest to U.S. Bank National Association) valued at $1,250,000,000 aggregate principal amount of 7.850% senior unsecured notes due 2033; $1,000,000,000 (effective 2023-11-27).

“On November 27, 2023, Tapestry, Inc. (the “ Company ”) issued $500,000,000 aggregate principal amount of 7.050% senior unsecured notes due 2025 (the “ 2025 USD Notes ”), $750,000,000 aggregate principal amount of 7.000% senior unsecured notes due 2026 (the “ 2026 USD Notes ”), $1,000,000,000 aggregate principal amount of 7.350% senior unsecured notes due 2028 (the “ 2028 USD Notes ”), $1,000,000,000 aggregate principal amount of 7.700% senior unsecured notes due 2030 (the “ 2030 USD Notes ”) and $1,250,000,000 aggregate principal amount of 7.850% senior unsecured notes due 2033 (the “ 2033 USD Notes ” together with the 2025 USD Notes, the 2026 USD Notes, the 2028 USD Notes and the 2030 USD Notes, the “ USD Notes ”).”
Material Agreements

TAPESTRY, INC. entered into EUR Underwriting Agreement with Merrill Lynch International, Morgan Stanley & Co. International plc and J.P. Morgan Securities plc valued at €500,000,000 aggregate principal amount of 5.350% senior unsecured notes due 2025, €500,000,000 aggr (effective 2023-11-16).

“Underwriting Agreement—EUR Notes Offering On November 16, 2023, the Company entered into an underwriting agreement (the “ EUR Underwriting Agreement ” and together with the USD Underwriting Agreement, the “ Underwriting Agreements ”) with Merrill Lynch International, Morgan Stanley & Co. International plc and J.P. Morgan Securities plc, as representatives of the several underwriters named therein (collectively, the “ EUR Underwriters ” and together with the USD Underwriters, the “ Underwriters ”), providing for its underwritten public offering of €500,000,000 aggregate principal amount of 5.350% senior unsecured notes due 2025 (the “ 2025 EUR Notes ”), €500,000,000 aggregate principal amount of 5.375% senior unsecured notes due 2027 (the “ 2027 EUR Notes ”) and €500,000,000 aggregate principal amount of 5.875% senior unsecured notes due 2031 (the “ 2031 EUR Notes ” together with the 2025 EUR Notes and the 2027 EUR Notes, the “ EUR Notes ”).”
Material Agreements

TAPESTRY, INC. entered into USD Underwriting Agreement with BofA Securities, Inc., Morgan Stanley & Co. LLC and J.P. Morgan Securities LLC valued at $500,000,000 aggregate principal amount of 7.050% senior unsecured notes due 2025, $750,000,000 aggr (effective 2023-11-15).

“Underwriting Agreement—USD Notes Offering On November 15, 2023, Tapestry, Inc. (the “ Company ”) entered into an underwriting agreement (the “ USD Underwriting Agreement ”) with BofA Securities, Inc., Morgan Stanley & Co. LLC and J.P. Morgan Securities LLC, as representatives of the several underwriters named therein (collectively, the “ USD Underwriters ”), providing for its underwritten public offering of $500,000,000 aggregate principal amount of 7.050% senior unsecured notes due 2025 (the “ 2025 USD Notes ”), $750,000,000 aggregate principal amount of 7.000% senior unsecured notes due 2026 (the “ 2026 USD Notes ”), $1,000,000,000 aggregate principal amount of 7.350% senior unsecured notes due 2028 (the “ 2028 USD Notes ”), $1,000,000,000 aggregate principal amount of 7.700% senior unsecured notes due 2030 (the “ 2030 USD Notes ”) and $1,250,000,000 aggregate principal amount of 7.850% senior unsecured notes due 2033 (the “ 2033 USD Notes ” together with the 2025 USD Notes, the 2026”
Earnings Releases

TAPESTRY, INC. reported financial results for first fiscal quarter ended September 30, 2023.

“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.”
Shareholder Votes

TAPESTRY, INC. shareholders approved Approval, on a non-binding advisory basis, of the frequency of the advisory vote on the Company's executive compensation as disclosed in the Proxy Statement for the 2023 Annual Meeting at the 2023-11-02 meeting.

“Proposal Number 4 - Approval, on a non-binding advisory basis, of the frequency of the advisory vote on the Company’s executive compensation as disclosed in the Proxy Statement for the 2023 Annual Meeting: 1 YEAR 2 YEARS 3 YEARS Votes Abstaining Broker Non-votes 174,600,728 130,336 4,054,804 190,279 24,373,960”
Shareholder Votes

TAPESTRY, INC. shareholders approved Approval, on a non-binding advisory basis, of the Company's executive compensation as discussed and described in the Proxy Statement for the 2023 Annual Meeting at the 2023-11-02 meeting.

“Proposal Number 3 – Approval, on a non-binding advisory basis, of the Company’s executive compensation as discussed and described in the Proxy Statement for the 2023 Annual Meeting: Votes For Votes Against Votes Abstaining Broker Non-votes 168,148,746 10,593,876 233,525 24,373,960”
Shareholder Votes

TAPESTRY, INC. shareholders approved Ratification of the appointment of Deloitte & Touche LLP as the Company's independent registered public accounting firm for fiscal year ending June 29, 2024 at the 2023-11-02 meeting.

“Proposal Number 2 – Ratification of the appointment of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for fiscal year ending June 29, 2024: Votes For Votes Against Votes Abstaining Broker Non-votes 193,242,411 9,758,139 349,557 0”
Shareholder Votes

TAPESTRY, INC. shareholders approved Election of Directors at the 2023-11-02 meeting.

“Proposal Number 1 – Election of Directors: Each of the candidates listed received the number of votes set forth next to his/her respective name. In addition, there were 24,373,960 broker non-votes for each candidate with respect to this proposal.”

David Denton departed as Director at TAPESTRY, INC..

“David Denton, a member of the Board of Directors (the “Board”) of Tapestry, Inc. (the “Company”) advised the Board and the Company on September 13, 2023 that, after over nine years of service on the Board, he would not stand for re-election to the Board at the Company’s annual meeting of stockholders for fiscal year 2023 (the “Annual Meeting”) on November 2, 2023, due to his other professional obligations.”
Debt Financings

TAPESTRY, INC. incurred term loan of a $350,000,000 term loan facility maturing five years after the term loans thereunder are borrowed with Bank of America, N.A. at (y) in the case of the Five-Year Term Loan Facility, 0.375% for base rate loans maturing five years after the term loans thereunder are borrowed.

“a $350,000,000 term loan facility maturing five years after the term loans thereunder are borrowed (the “Five-Year Term Loan Facility””
Debt Financings

TAPESTRY, INC. incurred term loan of $1,050,000,000 unsecured term loan facility maturing three years after the term loans thereunder are borrowed with Bank of America, N.A. at (x) in the case of the Three-Year Term Loan Facility, 0.250% for base rate loans maturing three years after the term loans thereunder are borrowed.

“the Company entered into a definitive credit agreement (the “Term Loan Agreement”) whereby the Administrative Agent, the other agents party thereto, and a syndicate of banks and financial institutions have committed to lend to the Company, subject to the satisfaction or waiver of the conditions set forth in the Term Loan Agreement, a $1,050,000,000 unsecured term loan facility maturing three years after the term loans thereunder are borrowed (the “Three-Year Term Loan Facility”)”
Debt Financings

TAPESTRY, INC. incurred revolving credit of $2,000,000,000 with Bank of America, N.A..

“Under the Amended Credit Agreement, a syndicate of financial institutions and other lenders provided increases to the aggregate commitments to the revolving facility under the Existing Credit Agreement from $1,250,000,000 to $2,000,000,000 (the “Revolving Facility”).”
Material Agreements

TAPESTRY, INC. entered into Term Loan Agreement with Bank of America N.A., as administrative agent, and a syndicate of banks and financial institutions valued at $350,000,000 (effective 2023-08-30).

“On August 30, 2023, the Company entered into a definitive credit agreement (the “Term Loan Agreement”) whereby the Administrative Agent, the other agents party thereto, and a syndicate of banks and financial institutions have committed to lend to the Company, subject to the satisfaction or waiver of the conditions set forth in the Term Loan Agreement, a $1,050,000,000 unsecured term loan facility maturing three years after the term loans thereunder are borrowed”
Material Agreements

TAPESTRY, INC. amended Amendment No. 1 to Credit Agreement with Bank of America N.A., as administrative agent, and the financial institutions party thereto as lenders valued at $1,250,000,000 to $2,000,000,000 (effective 2023-08-30).

“On August 30, 2023, Tapestry, Inc. (the “Company”) amended its Existing Credit Agreement (as defined below), originally dated as of May 11, 2022, among the Company, as borrower, certain subsidiaries of the Company, as guarantors, Bank of America N.A., as administrative agent (the “Administrative Agent”), and the financial institutions parties thereto as lenders (the “Existing Credit Agreement”) pursuant to the Amendment No. 1 to Credit Agreement dated as of August 30, 2023, among the Company, the Administrative Agent, and the financial institutions party thereto as lenders”
Earnings Releases

TAPESTRY, INC. reported full year ended July 1, 2023 results: EPS $3.88.

“Achieved Record Diluted EPS of $3.88 in Fiscal 2023”
Earnings Releases

TAPESTRY, INC. reported fourth fiscal quarter ended July 1, 2023 results: revenue $1.62 billion, net income $224 million, EPS $0.95.

“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.”
Earnings Releases

TAPESTRY, INC. updated its the prior fiscal year guidance (reaffirmed).

“the Company expects to report annual revenue and earnings per diluted share consistent with its previously issued guidance range. Also on August 10, 2023, the Company held a conference call to discuss, among other things, the announcement and execution of the Merger Agreement and certain other information. A copy of the press release is attached hereto as Exhibit 99.1”
Material Agreements

TAPESTRY, INC. entered into Agreement and Plan of Merger with Capri Holdings Limited (effective 2023-08-10).

“On August 10, 2023, Tapestry, Inc. (the “Company”) entered into an Agreement and Plan of Merger (the “Merger Agreement”) by and among the Company, Sunrise Merger Sub, Inc., a British Virgin Islands business company limited by shares with BVI company number 2129509 incorporated under the laws of the territory of the British Virgin Islands and a wholly owned subsidiary of the Company (“Merger Sub”), and Capri Holdings Limited, a British Virgin Islands business company limited by shares with BVI company number 524407 incorporated under the laws of the territory of the British Virgin Islands (“Capri”).”
Earnings Releases

TAPESTRY, INC. reported third fiscal quarter ended April 1, 2023 results: revenue $1.51 billion, EPS $0.78. Guidance raised.

“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”
Governance Changes

TAPESTRY, INC.: Amended and restated Bylaws to address procedural mechanics, disclosure requirements for stockholder proposals, nominations, and universal proxy rules (effective 2023-04-12).

“Effective April 12, 2023, the Board approved an amendment and restatement of the Company’s Bylaws (the “Bylaws”).”

Alan Lau was elected as director at TAPESTRY, INC..

“On April 12, 2023, the Board of Directors (the “Board”) of Tapestry, Inc. (“Tapestry” or the “Company”), increased the size of the Board to eleven members and elected Alan Lau as a director of the Company, effective as of April 12, 2023.”
Earnings Releases

TAPESTRY, INC. reported the fiscal second quarter ended December 31, 2022 results: revenue $2.03 billion, EPS $1.36. Guidance raised.

“in the quarter and $444 million year-to-date through a combination of share repurchases and dividends. Overview of Fiscal 2023 Second Quarter Financial Results Net sales totaled $2.03 billion compared to $2.14 billion in the prior year, representing a reported year-over-year decrease of approximately 5%. Excluding a 380 basis point headwind from currency due to the”
Shareholder Votes

TAPESTRY, INC. shareholders approved Approval, on a non-binding advisory basis, of the Company’s executive compensation as discussed and described in the Proxy Statement for the 2022 Annual Meeting at the 2022-11-15 meeting.

“Proposal Number 3 – Approval, on a non-binding advisory basis, of the Company’s executive compensation as discussed and described in the Proxy Statement for the 2022 Annual Meeting: Votes For Votes Against Votes Abstaining Broker Non-votes 189,850,563 7,453,327 300,043 21,509,506”
Shareholder Votes

TAPESTRY, INC. shareholders approved Ratification of the appointment of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for fiscal year ending July 1, 2023 at the 2022-11-15 meeting.

“Proposal Number 2 – Ratification of the appointment of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for fiscal year ending July 1, 2023: Votes For Votes Against Votes Abstaining Broker Non-votes 214,798,642 3,985,896 328,901 0”
Shareholder Votes

TAPESTRY, INC. shareholders approved Election of Directors at the 2022-11-15 meeting.

“Proposal Number 1 – Election of Directors: Each of the candidates listed received the number of votes set forth next to his/her respective name. In addition, there were 21,509,506 broker non-votes for each candidate with respect to this proposal. Name Votes For Votes Against Votes Abstaining John P. Bilbrey 196,339,071 991,795 273,067 Darrell Cavens 196,030,293 1,299,604 274,036 Joanne Crevoiserat 196,932,848 408,567 262,518 David Denton 193,942,934 3,388,319 272,680 Johanna (Hanneke) Faber 196,896,141 440,061 267,731 Anne Gates 192,526,268 4,814,242 263,423 Thomas Greco 195,421,882 1,910,874 271,177 Pamela Lifford 196,013,884 1,314,929 275,120 Annabelle Yu Long 195,798,383 1,534,914 270,636 Ivan Menezes 189,415,189 7,922,981 265,763”
Earnings Releases

TAPESTRY, INC. reported first fiscal quarter ended October 1, 2022 results: revenue $1.5 billion, net income $195 million, EPS $0.79. Guidance reaffirmed.

“Tapestry, Inc. Reports Fiscal 2023 First Quarter Results Delivered Record First Quarter Revenue of $1.5 Billion, an Increase of 2% Versus Prior Year on a Reported Basis and Over 5% in Constant Currency Fueled International Growth of 4% Versus Prior Year on a Reported Basis and 11% in Constant Currency Achieved Diluted EPS of $0.79, Ahead of Guidance”

Scott Roe was appointed as Chief Operating Officer at TAPESTRY, INC..

“On August 4, 2022, the Company announced that the Board appointed Scott Roe, age 57, the Company’s Chief Financial Officer, as Chief Operating Officer of the Company, effective as of August 4, 2022”

Tom Glaser retired as Chief Operations Officer at TAPESTRY, INC..

“On July 29, 2022, Tom Glaser, the Company’s Chief Operations Officer, notified the Company that he will be voluntarily retiring from the Company.”

Johanna W. Faber was appointed as Director at TAPESTRY, INC..

“On August 31, 2021, the Board of Directors (the “Board”) of Tapestry, Inc. (“Tapestry” or the ‘Company”) appointed Johanna “Hanneke” W. Faber to the Board.”

Anne Gates was appointed as Chair of the Board at TAPESTRY, INC..

“Anne Gates is expected to succeed Ms. Kropf as independent Chair of the Board, upon formal action of the Board following the Annual Meeting.”

Susan Kropf departed as Chair of the Board at TAPESTRY, INC..

“Susan Kropf, a member and the Chair of the Board of Directors (the “Board”) of Tapestry, Inc. (the “Company”) advised the Board and the Company on September 13, 2021 that, after over 15 years of service on the Board and reaching the age of 72, she would be retiring and thus would not stand for re-election to the Board at the Company’s annual meeting of stockholders for fiscal year 2021 (the “Annual Meeting”) on November 3, 2021.”

Johanna “Hanneke” W. Faber was elected as Director at TAPESTRY, INC..

“On August 31, 2021, the Board of Directors (the “Board”) of Tapestry, Inc. (“Tapestry” or the “Company”) increased the size of the Board to eleven members and elected Johanna “Hanneke” W. Faber as a director of the Company, effective as of August 31, 2021.”

Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.