HighGravityDataTapestry — Aug 14, 2025 release
Fiscal 2025 fourth-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001140361-25-031018
Showing in the filing
Anticipated annual dividend rate
“$1.60 per share”
Period
FY2026
Measure
Declared action
Source
Prose
All guidance in this release · 18
Dividend
“14% increase”
Quarterly cash dividend for Q1 FY2026
“$0.40 per common share”
Anticipated annual dividend rate for FY2026
“$1.60 per share”
Annual dividend rate for FY2025
“$1.60 per share”
Share repurchases for FY2026
“$800 million in common stock”
Revenue for FY2026
“approaching $7.2 billion, representing low-single-digit growth versus prior year on a reported basis; excluding Stuart Weitzman, pro-forma revenue is expected to grow at a mid-single-digit rate on a nominal and constant currency basis. Foreign currency is expected to be an 80-basis point tailwind to topline results in the fiscal year”
Revenue growth (reported basis) for FY2026
“low-single-digit growth versus prior year”
Pro-forma revenue growth excluding Stuart We… for FY2026
“mid-single-digit rate on a nominal and constant currency basis”
Foreign currency impact on topline for FY2026
“80-basis point tailwind”
Underlying operating margin expansion for FY2026
“more than 250 basis points”
Negative tariff and duty impact on operating… for FY2026
“approximately 230 basis points”
Tariff and duty headwind (dollar amount) for FY2026
“approximately 230 basis points or $160 million”
Net interest expense for FY2026
“approximately $65 million”
Tax rate for FY2026
“approximately 18%”
Weighted average diluted share count for FY2026
“approximately 213 million shares”
Earnings per diluted share for FY2026
“$5.30 to $5.45, representing 4% to 7% growth compared to the prior year. This includes the negative impact of incremental tariffs and duties of over $0.60”
Negative impact of incremental tariffs and d… for FY2026
“over $0.60”
Adjusted free cash flow for FY2026
“approaching $1.3 billion”
Exhibit 99.1 · the passage around this item
… earlier in the release
4
Looking ahead to Fiscal 2026, given Tapestry’s strong operational results, robust balance sheet, significant free cash flow
generation, and outlook for growth, the Company expects to continue its strong capital return programs:
•
Dividend : The Board of Directors approved a
14% increase to the Company’s dividend, with a quarterly cash dividend of $0.40 per common share payable on September 22, 2025 to shareholders of record as of close of business on September 5, 2025 for an anticipated annual dividend rate of
$1.60 per share.
•
Share Repurchases : In addition to the
completion of the ASR as noted, Tapestry expects to buy back $800 million in common stock in the fiscal year under its existing share repurchase authorization.
Non-GAAP Reconciliation
During the fiscal fourth quarter of 2025, Tapestry recorded certain items that decreased the Company’s pre-tax income by $872 million, net income by $740 million, and
earnings per diluted share by $3.53. On a full year basis, these charges lowered the Company’s reported pre-tax income by $1.16 billion, net income by $951 million, and earnings per diluted share by $4.28. This was related to $855 million in
impairment charges on the indefinite-lived brand intangible asset and goodwill for Kate Spade. These charges resulted from a decline in both current and future expected cash flows, which included an estimated impact of cost increases due to changes
in tariff and trade policies. In addition, the Company recorded non-recurring Organizational efficiency costs, and Acquisition and Divestiture costs resulting from the sale of the Stuart Weitzman brand. Finally, the Company also recorded certain
non-recurring fees in t
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.