5 unchanged sentences
Performance Graph
−Removed: The following graph compares the cumulative total stockholder return (assuming reinvestment of dividends) of the Company's common stock with the cumulative total return of the Standard & Poor's ("S&P") 500 Stock Index and the S&P 1500 Apparel, Accessories & Luxury Goods Index over the five-fiscal-year period ending July 1, 2023, the last day of Tapestry’s most recent fiscal year.
+Added: The following graph compares the cumulative total stockholder return (assuming reinvestment of dividends) of the Company's common stock with the cumulative total return of the Standard & Poor's ("S&P") 500 Stock Index and the S&P 1500 Apparel, Accessories & Luxury Goods Index over the five-fiscal-year period ending June 29, 2024, the last day of Tapestry’s most recent fiscal year.
The graph assumes that $100 was invested on June 29, 2019 at the per share closing price in each of Tapestry’s common stock, the S&P 500 Stock Index and the S&P 1500 Apparel, Accessories & Luxury Goods Index, and that all dividends were reinvested.
The stock performance shown in the graph is not intended to forecast or be indicative of future performance.
−Removed: During fiscal 2023, the Company moved to using the S&P 1500 Apparel, Accessories & Luxury Goods Index from the S&P 500 Apparel, Accessories & Luxury Groups Index.
−Removed: Tapestry management selected the S&P 1500 Apparel, Accessories & Luxury Goods Index on an industry/line-of-business basis and believes this updated index represents good faith comparables based on their history, size, and business models in relation to Tapestry, Inc.
Fiscal 2019 Fiscal 2020 Fiscal 2021 Fiscal 2022 Fiscal 2023 Fiscal 2024
1 unchanged sentence
S&P 1500 Apparel, Accessories & Luxury Goods $100.00 $56.86 $113.76 $69.66 $65.62 $57.55
−Removed: S&P 1500 Apparel, Accessories & Luxury Goods $100.00 $86.78 $49.34 $98.73 $60.46 $56.95
S&P 500 $100.00 $104.32 $153.32 $136.72 $161.80 $201.53
Stock Repurchase Program
−Removed: The Company's share repurchases during the fourth quarter of fiscal 2023 were as follows:
−Removed: Fiscal Period Total Number of Shares Repurchased Average Price per Share Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs (1)
−Removed: Approximate Dollar Value of Shares that May Yet be Purchased Under the Plans or Programs (1)
−Removed: (in millions, except share data and per share data)
−Removed: April 2, 2023 - May 6, 2023 — $ — — $ 1,000
−Removed: May 7, 2023 - June 3, 2023 2,092,052 41.78 2,092,052 913.0
−Removed: June 4, 2023 - July 1, 2023 2,614,466 43.03 2,614,466 800.0
−Removed: Total 4,706,518 4,706,518
−Removed: (1) On May 12, 2022, the Company announced that its Board of Directors authorized a common stock repurchase program to repurchase up to $1.50 billion of its outstanding common stock (the "2022 Share Repurchase Program").
+Added: On May 12, 2022, the Company announced that its Board authorized a common stock repurchase program to repurchase up to $1.50 billion of its outstanding common stock (the "2022 Share Repurchase Program").
Purchases of the Company's common stock were executed through open market purchases, including through purchase agreements under Rule 10b5-1.
The authorized value of shares available to be repurchased under this program excludes the cost of commissions and excise taxes.
+Added: As of June 29, 2024 the Company had $800 million of additional shares available to be repurchased as authorized under the 2022 Share Repurchase Program.
+Added: In August 2023, the company suspended its share repurchase activity in connection with the Merger Agreement with Capri.
+Added: Refer to Note 5 "Acquisitions," for further information.
+Added: There were no shares repurchased during fiscal 2024.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.