TPR · 8-K · 20261105PR042034

Capital Return Program

TAPESTRY, INC. · 2026-11-05 · Importance 73 · Surprise 66 · From source text

Tapestry returned approximately $700 million to shareholders in the fiscal first quarter through dividends and share repurchases. The company raised its Fiscal 2027 capital-return outlook to approximately $2.0 billion, including expected share repurchases of $1.7 billion, $350 million above prior guidance. During the quarter it spent $600 million to repurchase approximately 4.6 million shares at an average price of $130 per share. The board declared a quarterly dividend of $0.4625 per share, payable December 21, 2026, and the company continued to anticipate an annual Fiscal 2027 dividend of $1.85 per share.

Key facts

• Tapestry expects to return approximately $2.0 billion to shareholders in fiscal 2027, including approximately $700 million returned in fiscal Q1. source
• Tapestry expects to repurchase $1.7 billion of common stock in fiscal 2027 under its existing authorization, $350 million more than prior guidance. source
• Tapestry returned approximately $700 million to shareholders in fiscal Q1 2027 through dividends and share repurchases. source
• Tapestry spent $600 million in fiscal Q1 2027 to repurchase approximately 4.6 million common shares at an average cost of $130 per share. source
• Tapestry repurchased common stock for $603 million in fiscal Q1 2027, compared with $698 million in the prior-year quarter. source
• Tapestry's Board declared a quarterly cash dividend of $0.4625 per common share, payable December 21, 2026, to shareholders of record at close of business December 4, 2026. source
• Tapestry anticipates an annual dividend of $1.85 per share in fiscal 2027. source
• Tapestry’s quarterly dividend payments were $92 million in fiscal Q1 2027, compared with $83 million in the prior-year quarter. source

Impact estimates