Core Viewpoint - Tapestry aims to fully mitigate the impact of U.S. tariffs by fiscal year 2028 while planning a $3 billion share buyback during this period [1][2] Group 1: Tariff Impact - The company anticipates tariffs will cost approximately $160 million in fiscal 2026, particularly affecting the Kate Spade brand [2] - Tapestry's CFO stated that gross and operating margins are expected to grow in fiscal 2027 and beyond despite tariff impacts [2] Group 2: Brand Performance - Coach, Tapestry's largest revenue driver, is projected to boost sales to around $10 billion in the long term [3] - Kate Spade is expected to return to profitable topline growth by fiscal 2027 [3] Group 3: Financial Forecast - Tapestry forecasts full-year revenue growth in the mid-single digits for fiscal 2027 and 2028, with adjusted profit per share expected to grow by low double-digits each year [4] - The stock has increased by 60% so far this year, although it experienced a decline of up to 3.4% in afternoon trading [4]