Tapestry expects to return $1.3B to shareholders in 2026

The company said, “Given Tapestry’s (TPR) strong operational results, robust balance sheet, significant free cash flow generation, and outlook for growth, the Company expects to return $1.3 billion or approximately 100 percent of its anticipated adjusted free cash flow in Fiscal 2026 to shareholders through dividends and share repurchases: Dividend: The Company’s Board of Directors declared a quarterly cash dividend of $0.40 per common share payable on December 22, 2025 to shareholders of record as of the close of business on December 5, 2025. In Fiscal 2026, the Company continues to anticipate an annual dividend of $1.60 per share. Share Repurchases: Tapestry now expects to buy back approximately $1.0 billion in common stock in Fiscal 2026, an increase from its original outlook of $800 million. During the first quarter, the Company spent $500 million to repurchase over 4.7 million shares of its common stock at an average cost of approximately $106 per share.”