On August 13, Tapestry Inc. declined 13.18% in regular trading, trading around $129.95/share, with turnover of $138 million.

The selloff was triggered by the company's fiscal Q4 earnings release before market open. Adjusted EPS came in at $1.32, only marginally beating the consensus estimate of $1.28 by 3.13%. Net sales of $1.876 billion were essentially in line with expectations. This represents a stark deceleration from Q3, when EPS exceeded estimates by 27.69% and revenue beat by 7.7% on Coach brand strength that drove 31% sales growth.

Adding to disappointment, Tapestry issued FY2027 revenue guidance of $8.4-$8.5 billion, aligning with the FactSet consensus of $8.47 billion and offering no upside surprise. The company also announced plans to return approximately $1.7 billion to shareholders in FY2027, including $1.35 billion in share repurchases. However, the lack of incremental growth catalysts weighed on sentiment, given that the stock had been trading near analyst mean price targets of approximately $172.78 heading into the report.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)