Every material Form 8-K Tapestry filed with the SEC in 2025, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Tapestry reported fiscal first-quarter 2026 results for the period ended September 27, 2025, with net sales of $1.70 billion, up 13% from a year earlier, and GAAP diluted earnings per share of $1.28, up from $0.79. The company raised its fiscal 2026 earnings per share outlook to $5.45 to $5.60 from $5.30 to $5.45 and now expects to buy back about $1.0 billion of stock, up from $800 million, which matters to shareholders because both revenue and profit improved and the company is returning more cash to them.
Net sales $1.70 billion, up 13%; up 16% on a pro forma basis excluding Stuart Weitzman
GAAP diluted EPS $1.28 vs. $0.79 a year earlier; non-GAAP diluted EPS $1.38 vs. $1.02
Fiscal 2026 EPS outlook raised to $5.45 to $5.60; revenue outlook of about $7.3 billion
Quarterly dividend of $0.40 per share payable December 22, 2025; buybacks now about $1.0 billion
Tapestry, Inc. disclosed that board member John P. (JP) Bilbrey told the company on September 16, 2025, that he will not stand for re-election at the annual meeting set for November 13, 2025. The filing says the decision was not due to any disagreement with the company, and he will remain on the board until that meeting.
Bilbrey notified Tapestry on September 16, 2025, of his decision.
He will not stand for re-election at the annual stockholders meeting on November 13, 2025.
The filing states the decision was not due to any disagreement with the company on any matter.
Bilbrey will continue serving on the Board until the Annual Meeting.
Tapestry's Human Resources Committee approved a one-time special equity grant to CEO Joanne Crevoiserat with a target grant date fair value of $15 million, under the 2018 Stock Incentive Plan. The award is split equally between performance-based restricted stock units tied to a non-GAAP earnings per share target for fiscal 2028 and time-based restricted stock units, both vesting on the third anniversary of the grant date. The filing says the grant aims to support retention and succession planning, which adds a large one-time pay cost tied to future performance.
Special grant has a target grant date fair value of $15 million, approved August 18, 2025
Half is performance-based RSUs tied to a target non-GAAP EPS for fiscal year 2028; half is time-based RSUs
Both portions vest on the third anniversary of the grant date; forfeiture applies on retirement or voluntary termination without Good Reason
Grant is described as one-time and not part of regular annual compensation
Tapestry reported fiscal fourth-quarter net sales of $1.72 billion, up 8%, and a GAAP net loss of $517 million, driven largely by an $855 million impairment on the Kate Spade brand. Non-GAAP earnings per diluted share rose to $1.04 from $0.92, and the company initiated fiscal 2026 non-GAAP EPS guidance of $5.30 to $5.45 and raised its dividend 14%.
Q4 net sales were $1.72 billion, up 8% on both reported and constant currency bases; GAAP net loss was $517 million, or $2.49 per diluted share, versus GAAP net income of $159 million a year earlier.
Q4 non-GAAP EPS was $1.04 versus $0.92; the quarter included an $855 million impairment on Kate Spade indefinite-lived brand intangible and goodwill.
Fiscal 2026 outlook calls for revenue approaching $7.2 billion and non-GAAP EPS of $5.30 to $5.45, including a negative tariff and duty impact of over $0.60 per share.
Quarterly dividend raised 14% to $0.40 per share, an anticipated $1.60 annual rate; the company expects $800 million in share repurchases in fiscal 2026.
Tapestry entered into a new $2 billion unsecured revolving credit facility dated May 22, 2025, with Bank of America as administrative agent, replacing its existing facility from May 11, 2022. The new facility matures May 22, 2030 and can be increased by up to $750 million, giving the company longer-dated borrowing capacity on terms the filing describes as customary.
New $2 billion unsecured revolving credit facility, maturing May 22, 2030
Replaces the existing credit facility dated May 11, 2022
Commitments may be increased by up to $750 million, subject to conditions
Covenant requires a maximum 4.0 to 1.0 ratio of consolidated debt minus unrestricted cash above $300 million to consolidated EBITDAR
Tapestry reported third-quarter fiscal 2025 results for the period ended March 29, 2025, with net sales of $1.58 billion, up 7% from a year earlier, and non-GAAP diluted EPS of $1.03, up 27%. The company raised its fiscal 2025 outlook, now expecting EPS in the area of $5.00 versus prior guidance of $4.85 to $4.90, and revenue of about $6.95 billion. The raised outlook and the reaffirmed plan to return over $2 billion to shareholders in fiscal 2025 are the main points for shareholders.
Q3 net sales of $1.58 billion, up 7% (8% constant currency); Coach revenue rose 13%
Q3 GAAP diluted EPS was $0.95, up from $0.60; non-GAAP diluted EPS was $1.03, up from $0.81
Fiscal 2025 EPS outlook raised to about $5.00 from $4.85 to $4.90; revenue outlook about $6.95 billion
Pending sale of Stuart Weitzman expected to close in summer 2025; quarterly dividend of $0.35 per share payable June 23, 2025
Tapestry reported fiscal second-quarter 2025 net sales of $2.20 billion, up 5% from a year earlier, with non-GAAP diluted EPS of $2.00 versus $1.63 a year earlier. Reported diluted EPS was $1.38, slightly below $1.39 a year earlier, after a $120 million loss on debt extinguishment tied to the terminated Capri Holdings merger. The company raised its fiscal 2025 non-GAAP EPS outlook to $4.85 to $4.90 from $4.50 to $4.55, and expects to return more than $2 billion to shareholders this fiscal year.
Q2 net sales of $2.20 billion, up 5%; Coach sales rose 11% on a reported basis.
Non-GAAP diluted EPS of $2.00 versus $1.63 a year earlier; reported diluted EPS of $1.38 versus $1.39.
Fiscal 2025 non-GAAP EPS outlook raised to $4.85 to $4.90 from $4.50 to $4.55.
Reported net income of $310 million, including a $120 million loss on debt extinguishment tied to the terminated Capri Holdings merger.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Tapestry filing is on SEC EDGAR ↗. 8-K briefs of other companies →