Tapestry Announces New $3 Billion Share Repurchase Authorization
(MENAFN- AsiaNet News)
Tapestry Inc. (TPR) said on Wednesday it expects to buy back about $3 billion in common stock cumulatively from fiscal 2026 through fiscal 2028.
The luxury handbag maker also said it plans to return $4 billion cumulatively to shareholders through fiscal 2028 in the form of share buybacks and dividends. Tapestry noted that this is expected to represent 100% of the company's adjusted free cash flow generation over the three years beginning fiscal 2026.
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