2 unchanged sentences
Tapestry, Inc.’s common stock is listed on the New York Stock Exchange and is traded under the symbol “TPR.”
−Removed: As of August 1, 2025, there were 1,765 holders of record of Tapestry’s common stock.
+Added: As of July 31, 2026, there were 1,664 holders of record of Tapestry’s common stock.
Any future determination to pay cash dividends will be at the discretion of Tapestry’s Board and will be dependent upon Tapestry’s financial condition, operating results, capital requirements and such other factors as the Board deems relevant.
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 June 28, 2025, the last day of Tapestry’s most recent fiscal year.
−Removed: The graph assumes that $100 was invested on June 27, 2020 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.
+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 Composite 1500 Apparel, Accessories & Luxury Goods Index over the five-fiscal-year period ending June 27, 2026, the last day of Tapestry’s most recent fiscal year.
+Added: The graph assumes that $100 was invested on July 3, 2021 at the per share closing price in each of Tapestry’s common stock, the S&P 500 Stock Index and the S&P Composite 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.
1 unchanged sentence
TPR $100.00 $74.12 $106.16 $110.13 $229.45 $389.55
−Removed: S&P 1500 Apparel, Accessories & Luxury Goods $100.00 $200.09 $122.52 $115.41 $101.21 $101.11
+Added: S&P Composite 1500 Apparel, Accessories & Luxury Goods $100.00 $61.23 $57.68 $50.58 $50.53 $57.50
S&P 500 $100.00 $89.17 $105.53 $131.44 $150.59 $181.56
Stock Repurchase Program
−Removed: On May 12, 2022, the Company announced that its Board of Directors (the "Board") authorized a common stock repurchase program to repurchase up to $1.50 billion of its outstanding common stock (the "2022 Share Repurchase Program").
+Added: The Company's share repurchases during the fourth quarter of fiscal 2026 were as follows:
+Added: 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)
+Added: Approximate Dollar Value of Shares that May Yet be Purchased Under the Plans or Programs (1)
+Added: (in millions, except share data and per share data)
+Added: March 29, 2026 - May 2, 2026 340,166 $ 146.99 340,166 $ 2,138.6
+Added: May 3, 2026 - May 30, 2026 881,158 136.18 881,158 2,018.6
+Added: May 31, 2026 - June 27, 2026 901,855 144.15 901,855 1,888.6
+Added: Total 2,123,179 2,123,179
+Added: (1) On September 10, 2025, the Company announced that the Board authorized the Company to repurchase up to $3.00 billion of its outstanding common stock (the "2026 Share Repurchase Program").
Purchases of the Company's common stock under this program were executed through open market purchases, including through purchase agreements under Rule 10b5-1.
−Removed: On November 13, 2024, the Board authorized the Company to repurchase up to $2.00 billion of outstanding shares of its common stock (the "2025 Share Repurchase Program").
−Removed: Under the 2025 Share Repurchase Program, the Company may repurchase shares on the open market, in privately negotiated transactions or in other transactions, including accelerated share repurchase programs.
−Removed: On November 21, 2024, the Company entered into accelerated share repurchase agreements (the “ASR Agreements”) with Bank of America, N.A.
−Removed: and Morgan Stanley & Co.
−Removed: LLC (the “Dealers”) to repurchase an aggregate of up to $2.00 billion of the Company’s shares of common stock.
−Removed: Under the ASR Agreements, the Company paid $2.00 billion to the Dealers and received an initial delivery of 28,363,766 shares of the Company's common stock on November 26, 2024.
−Removed: The total number of shares purchased by the Company pursuant to the ASR Agreements will be based on the volume-weighted average price ("VWAP") of the Company's common stock on specified dates during the term of each of the ASR Agreements, less a discount, and subject to adjustments pursuant to the terms and conditions of the ASR Agreements.
−Removed: The difference between the initially delivered shares and the total number of shares purchased will be settled in four tranches, no later than the first quarter of fiscal 2026.
−Removed: During the quarter ended March 29, 2025, the Company cash settled $3.0 million related to 43,094 shares of common stock owed for the settlement of one tranche as a result of the increase in the VWAP of the Company's common stock.
−Removed: During the quarter ended June 28, 2025, the Company cash settled $3.6 million related to 49,442 shares of common stock of an additional tranche.
−Removed: As of June 28, 2025, the Company had $800.0 million of additional shares available to be repurchased as authorized under the 2022 Share Repurchase Program and no remaining availability to repurchase shares under the 2025 Share Repurchase Program.
−Removed: There were no shares repurchased during the three months ended June 28, 2025 under the 2022 Share Repurchase Program and the 2025 Share Repurchase Program.
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.