Tapestry executives plan to offset U.S. tariffs by fiscal year 2028 and buy back $3 billion in shares. The company, known for Coach and Kate Spade brands, faces a $160 million hit from tariffs in fiscal 2026. CFO Scott Roe assures investors of margin growth despite tariffs. Coach aims for $10 billion in sales; Kate Spade eyes profitability by fiscal 2027. Tapestry projects mid-single digit revenue growth in fiscal 2027 and 2028, with low double-digit profit per share growth. Shares fall 3.4% in trading, up 60% for the year.

Read more at Yahoo Finance: Coach parent Tapestry expects to offset tariff costs by 2028, plans $3 billion buyback