11:31 AM EDT, 08/14/2025 (MT Newswires) -- (Updates to include the stock movement in the headline and the first paragraph.)

Tapestry (TPR) shares fell more than 14% in recent Thursday trading after the company's fiscal 2026 adjusted diluted earnings-per-share guidance fell short of market expectations.

The company reported fiscal Q4 non-GAAP earnings Thursday of $1.04 per diluted share, compared with $0.92 a year earlier.

Analysts polled by FactSet expected $1.02.

Net sales for the quarter ended June 28 were $1.72 billion, compared with $1.59 billion a year earlier. Analysts surveyed by FactSet expected $1.68 billion.

For fiscal 2026, the company expects non-GAAP diluted EPS of $5.30 to $5.45, including "negative impact of incremental tariffs and duties" of more than $0.60. Analysts polled by FactSet expect $5.49.

The company expects fiscal 2025 revenue to approach $7.2 billion. Analysts surveyed by FactSet expect $7.12 billion.

Tapestry's board increased its quarterly dividend to $0.40 per share from $0.35, payable on Sept. 22 to shareholders of record on Sept. 5. The company also said it expects to repurchase $800 million in common stock in the fiscal 2026 under the existing share repurchase authorization.

Price: 97.40, Change: -16.14, Percent Change: -14.21