What is Tapestry's buyback plan for fiscal 2027?

The company expects to repurchase $1.35 billion in common stock in fiscal 2027 under its existing share repurchase authorization. This level matches fiscal 2026 execution and is supported by the company's strong free cash flow generation and financial position.

What execution mechanism does Tapestry use for its repurchases?

The filing does not specify the execution mechanism (Rule 10b-18, accelerated share repurchase, or other method) used for the fiscal 2026 or fiscal 2027 repurchases. Typically, large-cap companies use open-market purchases under Rule 10b-18 unless otherwise disclosed.

What is the authorization amount for Tapestry's share repurchase program?

The filing references an existing share repurchase authorization but does not disclose the total remaining authorization amount or the date of the original authorization. The company states it expects to buy back $1.35 billion in fiscal 2027 under this authorization.

How does the buyback fit into Tapestry's overall capital allocation?

Tapestry returned $1.7 billion total to shareholders in fiscal 2026 through buybacks and dividends, and expects to do the same in fiscal 2027. The company also increased its dividend 16% and maintains a balanced approach to capital return, supported by adjusted free cash flow of $1.86 billion in fiscal 2026 and a leverage ratio of 1.1x.

TPR 8-K Filed 2026-08-13 Execution disclosure

Tapestry approves $1.35B share repurchase for fiscal 2027

Company returned $1.7B to shareholders in fiscal 2026; Board authorizes continued $1.35B buyback program.

Shares repurchased11.5M

Avg price paid$118.00

MechanismNot specified

What the filing says

Tapestry, Inc. reported fiscal 2026 results on August 13, 2026, and outlined shareholder return programs totaling $1.7 billion through dividends and share repurchases. In fiscal 2026, the company repurchased $1.35 billion in common stock, buying back approximately 11.5 million shares at an average price of approximately $118 per share.

Looking forward to fiscal 2027, Tapestry expects to return approximately $1.7 billion to shareholders overall. The company expects to execute $1.35 billion in share repurchases under its existing authorization during fiscal 2027. The Board of Directors also approved a 16% increase to the quarterly dividend, raising the quarterly cash dividend to $0.4625 per share from the prior rate, representing an anticipated annual dividend rate of $1.85 per share.

The company cited its "strong financial position, significant free cash flow generation, and outlook for continued growth" as rationale for the continued capital return programs. Adjusted free cash flow for fiscal 2026 was $1.86 billion, up from $1.35 billion in the prior year. The company also reported leverage of 1.1x gross debt to adjusted EBITDA as of fiscal year end.

Tapestry bought back $1.35 billion in common stock in Fiscal 2026, repurchasing approximately 11.5 million shares at an average share price of approximately $118. — TAPESTRY, INC. 8-K filing · View on SEC EDGAR →

What this means

Tapestry executed $1.35 billion in share repurchases during fiscal 2026 at an average price of $118 per share, representing approximately 11.5 million shares retired. Combined with $326 million in dividend payments, the company returned $1.7 billion to shareholders in fiscal 2026. For fiscal 2027, management expects to continue the same $1.35 billion repurchase level under its existing authorization, consistent with its balance-sheet strength and free-cash-flow generation. The board separately increased the dividend by 16%, reflecting confidence in the business trajectory. The company's leverage ratio of 1.1x provides capacity for sustained capital returns alongside growth investments.

Frequently asked questions

How much did Tapestry spend on buybacks in fiscal 2026?: Tapestry repurchased $1.35 billion in common stock during fiscal 2026, buying back approximately 11.5 million shares at an average price of approximately $118 per share. This was part of a total $1.7 billion return to shareholders when combined with $326 million in dividends.
What is Tapestry's buyback plan for fiscal 2027?: The company expects to repurchase $1.35 billion in common stock in fiscal 2027 under its existing share repurchase authorization. This level matches fiscal 2026 execution and is supported by the company's strong free cash flow generation and financial position.
What execution mechanism does Tapestry use for its repurchases?: The filing does not specify the execution mechanism (Rule 10b-18, accelerated share repurchase, or other method) used for the fiscal 2026 or fiscal 2027 repurchases. Typically, large-cap companies use open-market purchases under Rule 10b-18 unless otherwise disclosed.
What is the authorization amount for Tapestry's share repurchase program?: The filing references an existing share repurchase authorization but does not disclose the total remaining authorization amount or the date of the original authorization. The company states it expects to buy back $1.35 billion in fiscal 2027 under this authorization.
How does the buyback fit into Tapestry's overall capital allocation?: Tapestry returned $1.7 billion total to shareholders in fiscal 2026 through buybacks and dividends, and expects to do the same in fiscal 2027. The company also increased its dividend 16% and maintains a balanced approach to capital return, supported by adjusted free cash flow of $1.86 billion in fiscal 2026 and a leverage ratio of 1.1x.

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Source. This editorial summary is based on the SEC filing linked above. BuybackStocks aggregates and editorializes publicly available SEC EDGAR filings. Not investment advice. Past authorization announcements do not guarantee future repurchase activity or share price performance. See our full disclosures policy.