A foam adhesive article is provided comprising a polymeric foam material having an outer surface, the outer surface of the polymeric foam material having adhesive properties; and fibrous reinforcing material, the fibrous reinforcing material dispersed within the polymeric foam material and imparting stretch release properties to the article. A method for preparing the foam adhesive article is also described comprising (a) melt mixing a foamable polymer composition, and a fiber forming resin to form an expandable extrudable composition; and (b) extruding the expandable extrudable composition through a die to provide the foam adhesive article.