Tapestry Expects To Buy Back $1.35B In Stock In FY2027 Under Existing Share Repurchase Authorization
Given Tapestry's strong financial position, significant free cash flow generation, and outlook for continued growth, the Company expects to return approximately $1.7 billion to shareholders in Fiscal 2027 through
Tapestry plans to use money it earned to buy back its own shares, which means fewer shares exist but each one might be worth more of the company. When a company buys back shares, watch if it's because they're confident about the future and have extra cash.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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