Tapestry, the parent of Coach and Kate Spade, announced plans to repurchase $3 billion of its stock by fiscal 2028 while assuring investors it can offset the impact of U.S. tariffs over the same period. The company, which sources heavily from Vietnam, Cambodia and India, warned that tariffs will cost about $160 million in fiscal 2026, with Kate Spade most exposed. CFO Scott Roe said Tapestry expects to grow gross and operating margins through fiscal 2027 and beyond, even as tariffs remain in place. The group forecasts Coach sales climbing toward $10 billion annually, while Kate Spade is projected to return to profitable topline growth by fiscal 2027. Management guided for mid-single-digit revenue growth in fiscal 2027-2028.