HighGravityDataTapestry — Nov 6, 2025 release
Fiscal 2026 first-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001140361-25-040658
Showing in the filing
Annual dividend
“$1.60 per share”
Period
FY2026
Measure
Declared action
Source
Prose
All guidance in this release · 18
Return to shareholders for FY2026
“$1.3 billion”
Return to shareholders through dividends and… for FY2026
“$1.3 billion”
Quarterly cash dividend
“$0.40 per common share”
Annual dividend for FY2026
“$1.60 per share”
Share repurchases for FY2026
“approximately $1.0 billion”
Revenue for FY2026
“in the area of $7.3 billion, representing 4% to 5% growth versus prior year on a reported basis; excluding Stuart Weitzman, pro forma revenue is expected to grow 7% to 8% on a nominal basis. Foreign currency is expected to be a 70-basis point tailwind to topline results in the fiscal year”
Revenue growth versus prior year (reported b… for FY2026
“4% to 5%”
Pro forma revenue growth (nominal basis, exc… for FY2026
“7% to 8%”
Foreign currency impact to topline results for FY2026
“70-basis point tailwind”
Operating margin expansion versus prior year for FY2026
“in the area of 50 basis points”
Underlying margin expansion for FY2026
“roughly 280 basis points”
Tariff and duty impact on margin for FY2026
“approximately 230 basis points”
Net interest expense for FY2026
“approximately $65 million”
Tax rate for FY2026
“approximately 18%”
Weighted average diluted share count for FY2026
“approximately 212 million shares”
Earnings per diluted share for FY2026
“$5.45 to $5.60, representing 7% to 10% growth compared to the prior year”
EPS growth compared to prior year for FY2026
“7% to 10%”
Adjusted free cash flow for FY2026
“$1.3 billion”
Exhibit 99.1 · the passage around this item
… earlier in the release
Shareholder Return Programs
Given Tapestry’s 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.
4
Non-GAAP Reconciliation
During the fiscal first quarter of 2026, Tapestry recorded certain items that decreased the Company’s pre-tax income by $26 million, net income by $22 million, and
earnings per diluted share by $0.10. This was related to non-recurring Acquisition and Divestiture costs resulting from the sale of the Stuart Weitzman brand, as well as Organizational Efficiency costs.
Please note the divestiture of Stuart Weitzman was completed on August 4, 2025. The brand’s results for the period under ownership in Fiscal 2026 are included in fiscal
2026 first quarter GAAP results and excluded from non-GAAP results.
Please refer to the Financial Schedules included herein for a full reconciliation of the Company’s reported GAAP to non-GAAP results.
Overview of Fiscal
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.