TAPESTRY, INC. (TPR) Risk Factors

Recent key developments

Concrete developments — dated events, named agreements and instruments, legal proceedings — that TAPESTRY, INC. surfaced in its latest filing.

• The Company paid approximately $117 million in IEEPA tariffs during fiscal 2026.2026
• During Q4 fiscal 2026, the Company received cash refunds of $2.1 million for previously paid IEEPA tariffs.Q4 fiscal 2026
• As of June 27, 2026, the Company estimated a probable refund of $114.7 million, recorded as a receivable.June 27, 2026
• The U.S. Supreme Court ruled IEEPA tariffs invalid.February 20, 2026
• The U.S. Administration announced a 10% global tariff under Section 122.February 24, 2026
• The U.S. Court of International Trade ruled Section 122 tariffs invalid; the government appealed.May 7, 2026
• The U.S. announced Section 301 tariffs of 10% to 12.5% on most imports from certain countries.July 23, 2026
• The Company issued $1.50 billion of senior unsecured notes: $750 million 5.100% due March 11, 2030 and $750 million 5.500% due March 11, 2035.2025
• The Company refinanced the 2022 revolving facility with a new $2.00 billion Amended Revolving Credit Facility maturing May 22, 2030.May 22, 2025
• The Company entered into a Commercial Paper Program allowing issuance of up to $2.00 billion of unsecured commercial paper.July 24, 2025
• The Inflation Reduction Act of 2022 was signed, imposing a 15% corporate alternative minimum tax and a 1% excise tax on share repurchases.August 16, 2022
• The European Union implemented OECD Pillar Two GloBE rules imposing a 15% global minimum tax.January 1, 2025
• The OECD published guidance excluding U.S. MNEs from the UTPR and IIR while QDMTT remains in force.January 5, 2026
• The Company authorized a 2026 Share Repurchase Program of up to $3.00 billion.September 10, 2025
• The Company paid a quarterly cash dividend of $0.40 per common share, totaling $326.1 million in fiscal 2026.2026