Overview

• Tapestry outlined its Amplify strategy at investor day, centered on four pillars that include deeper emotional connections with younger consumers and stronger global brand experiences.
• The company targets mid-single-digit revenue growth and low double-digit EPS increases in fiscal 2027 and 2028, projecting operating margins above 22% by fiscal 2028.
• Capital returns include a new $3 billion share repurchase authorization and a maintained $1.60 annual dividend in fiscal 2026, totaling $4 billion through fiscal 2028 and equating to 100% of adjusted free cash flow from FY26–FY28.
• Coach is forecast to deliver steady mid-single-digit growth and expand margins toward the mid-30% range, with a longer-term ambition of $10 billion in annual sales.
• Kate Spade is expected to return to profitable top-line growth in fiscal 2027, with further acceleration in 2028, as Tapestry also plans to fully mitigate current U.S. tariff impacts by fiscal 2028.