Highest-materiality recent filing
Tapestry Q4 revenue up 9% to $1.88B; FY EPS $7.27; dividend raised 16%
Q4 revenue $1.88B, up 9% YoY (11% pro forma constant currency); Coach brand grew 15% (+14% cc).
Tapestry beats Q3 with 21% revenue growth, raises FY2026 outlook
Revenue $1.92B, +21% YoY (+19% constant currency); pro forma +25%.
Tapestry appoints Pinterest CTO Matt Madrigal to Board of Directors
Matthew Madrigal, CTO of Pinterest (NYSE: PINS), joined Tapestry's Board effective April 6, 2026.
Tapestry Q2 FY2026: Record revenue $2.5B (+14% YoY); EPS $2.68 (+94%); raises FY outlook
Revenue $2.5B (+14% YoY); pro forma revenue +18% driven by Coach brand +25%.
Tapestry Q1 FY2026: Record revenue $1.70B (+13% YoY), EPS $1.28 (+61%), raises full-year outlook
Revenue $1.70B, up 13% YoY (+12% constant currency); pro forma revenue up 16% led by Coach +22%.
Tapestry unveils 'Amplify' strategy, targets low-double-digit EPS growth, $3B buyback
New $3B share repurchase authorization replaces prior program; plans $4B total capital return through FY2028.
Tapestry Q4 revenue record $1.72B, +8% YoY; FY2026 EPS guidance $5.30-$5.45; dividend raised 14%
Q4 revenue $1.72B (+8% YoY); Coach brand +14%; non-GAAP EPS $1.04 (vs $0.92 prior year).
Tapestry Q3 beats, raises FY25 EPS view to ~$5.00, revenue outlook to $6.95B
Q3 net sales $1.58B (+7% YoY); GAAP EPS $0.95 (+60%), non-GAAP $1.03 (+27%).
Tapestry sells Stuart Weitzman to Caleres for $105M cash
Total cash consideration of $105M, subject to customary adjustments for cash, debt, working capital.
Tapestry Q2 EPS $2.00 vs $1.63 YoY; raises FY2025 guidance; revenue $2.2B +5%
Record Q2 revenue $2.20B (+5% YoY); diluted EPS $1.38 GAAP, $2.00 non-GAAP (vs $1.63 prior year).
Tapestry closes $1.5B senior unsecured notes offering (5.100% 2030 and 5.500% 2035)
Issued $750M 5.100% notes due 2030 and $750M 5.500% notes due 2035.
Tapestry prices $1.5B senior unsecured notes in two tranches at 5.100% and 5.500%
$750M of 5.100% notes due 2030 and $750M of 5.500% notes due 2035 priced for public offering.
Tapestry launches $2.0B ASR, expects initial 28.4M share delivery on Nov 26
Entered ASR agreements with Bank of America and Morgan Stanley to repurchase $2.0B of common stock.
Tapestry terminates Capri merger, plans $2B buyback, redeems $6.1B in notes
Tapestry and Capri mutually terminated merger on Nov 13, 2024; no break fee, but Tapestry pays $45M expense reimbursement.
Tapestry beats Q1; record non-GAAP EPS $1.02, raises FY EPS to $4.50-$4.55
Q1 revenue $1.51B flat YoY; GAAP EPS $0.79, non-GAAP EPS $1.02 (record).
Tapestry Q4 non-GAAP EPS $0.92 beats; FY2024 record non-GAAP EPS $4.29; FY2025 outlook $4.45-$4.50
Q4 net sales $1.59B (flat constant currency); FY2024 revenue $6.67B (+1% constant currency); gross margin 73.3% (up 250bps).
Tapestry appoints Eva Erdmann as CEO & Brand President of Kate Spade, replacing Liz Fraser
Liz Fraser leaves Kate Spade in September; eligible for 12 months' salary, FY2024 incentive, and severance on equity.
Adjusted EPS $0.81 on revenue $1.48B (-2% YoY); gross margin 74.7% (+190 bps) on lower freight and FX tailwinds.
FTC sues to block Tapestry's acquisition of Capri Holdings; Tapestry responds
FTC filed complaint on April 22, 2024 seeking to enjoin Tapestry's acquisition of Capri Holdings.
Tapestry obtains EU and Japan antitrust clearance for Capri acquisition; US approval remains
EC approved transaction unconditionally under Article 6(1)b of EUMR on April 15, 2024.
Tapestry Q2 record revenue $2.08B, EPS $1.63 adjusted; raises FY EPS outlook to $4.20-$4.25
Record Q2 revenue of $2.08B (+3% YoY); gross margin 71.6% (+300 bps YoY).
Tapestry closes $6.1B senior notes offerings, fully funds $7.5B Capri acquisition financing
Raised $4.5B USD notes and €1.5B EUR notes, combined with $1.4B delayed draw term loans.
Tapestry prices $4.5B USD + €1.5B EUR notes to fund Capri acquisition
USD notes: $4.5B across five tranches (7.050% due 2025 through 7.850% due 2033).
Tapestry files Capri financials for proposed $8.5B acquisition
Capri FY2023 revenue $5,619M, net income $616M, diluted EPS $4.60.
Tapestry Q1 revenue $1.51B, adj. EPS $0.93 (+18%), record; maintains FY2024 EPS $4.10-$4.15
Revenue $1.51B slightly above prior year; international up 7% constant currency led by Japan (+12%) and Greater China (+9%).
Tapestry and Capri receive FTC Second Request, extending HSR waiting period on merger
FTC issued Second Request for additional information on Tapestry's acquisition of Capri Holdings.
Tapestry expands revolving credit to $2B and adds $1.4B term loans for Capri acquisition
Revolving facility increased from $1.25B to $2.0B; $250M sublimit for certain funds to fund Capri buy.
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.
Tapestry to buy Capri Holdings for $57/sh cash, ~$8.5B EV, creating luxury house
Tapestry acquires Capri Holdings for $57.00 per share cash, ~59% premium to 30-day VWAP, total enterprise value ~$8.5B.
Tapestry Q3 net sales $1.51B (+5%) and EPS $0.78 beat; raises FY2023 EPS outlook to $3.85-$3.90
Q3 revenue $1.51B (+5% reported, +9% constant currency); gross margin 72.8% (+290 bps YoY).
Tapestry Q2 diluted EPS $1.36 beats; raises FY2023 EPS guidance to $3.70-$3.75
Revenue $2.03B (-5% reported, -2% constant currency); record Q2 diluted EPS $1.36 vs $1.15 prior year.
Tapestry Q1 revenue $1.51B (+2% YoY) record; EPS $0.79 ahead of guidance
Diluted EPS $0.79 vs. prior year $0.80 (reported) and $0.82 (non-GAAP); beat guidance.
Tapestry targets $8B revenue, >$5 EPS by FY2025; $3B capital return planned
FY2025 revenue target of $8B (6-7% three-year CAGR); EPS >$5 (low-to-mid-teens CAGR).
Tapestry Q4 EPS $0.78 non-GAAP, record FY22 sales $6.68B, dividend raised 20%
Q4 non-GAAP EPS $0.78 (+20% YoY on 13-week basis); GAAP EPS $0.75 (+8% YoY).
Tapestry COO Tom Glaser retiring; CFO Scott Roe adds COO role effective Aug 4
Tom Glaser, 61, voluntarily retiring as COO; will remain through Oct 1 for transition.
Tapestry enters into $1.25B revolver and $500M term loan; conditions to redeem $400M senior notes
New $1.25B unsecured revolving credit facility and $500M delayed draw term loan facility, both maturing May 11, 2027.
Tapestry Q3 revenue $1.44B (+13%), EPS $0.51 non-GAAP beat; announces $1.5B buyback
Q3 revenue $1.44B (+13% YoY); GAAP EPS $0.46, non-GAAP EPS $0.51 significantly ahead of expectations.
Tapestry Q2 revenue $2.14B (+27% YoY), non-GAAP EPS $1.33 beat; raises FY22 guidance
Record holiday revenue; Coach, Kate Spade, Stuart Weitzman all grew; digital sales up ~30% YoY.
On August 1, 2024, the Company announced that Liz Fraser, the CEO & Brand President of Kate Spade, will be leaving the Company.
elected each of Kevin Hourican and David Elkins as a director of the Company, effective as of February 29, 2024.
elected each of Kevin Hourican and David Elkins as a director of the Company, effective as of February 29, 2024.
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.
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.
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
On July 29, 2022, Tom Glaser, the Company’s Chief Operations Officer, notified the Company that he will be voluntarily retiring from the Company.
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.
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.
Anne Gates is expected to succeed Ms. Kropf as independent Chair of the Board, upon formal action of the Board following the Annual Meeting.
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.
Max materiality 0.95 · Median 0.75 · Most common event earnings