Tapestry announces $3B share repurchase program

Tapestry (TPR) is hosting its 2025 Investor Day in New York City. At the event, the Company will present its long-term growth strategy and financial targets. At Tapestry’s 2025 Investor Day, the Company’s senior leadership team will present its “Amplify” growth strategy, which focuses on four key pillars: Build Emotional Connections with Consumers; Fuel Fashion Innovation & Product Excellence; Deliver Compelling Experiences to Drive Global Growth; Ignite the Power of Our People. Tapestry plans to return $4B to shareholders through FY28, which is expected to represent 100% of the Company’s adjusted free cash flow generation over the three-year period- Dividend: In FY26, the Company continues to anticipate an annual dividend of $1.60 per share. Moving forward, Tapestry expects to grow its dividend at least in-line with earnings growth, with a payout ratio of approximately 30% through FY28. The Company expects to buy back approximately $3B in common stock cumulatively from FY26 through FY28. Consistent with this strategy, the Company announced a new $3B share repurchase authorization.