TAPESTRY (TPR) Company Report

Tapestry’s Q1 FY2026 revenue reached $1.7 billion, up 12–13% YoY, led by Coach’s 21–22% sales increase among Gen Z shoppers
The company raised its FY2026 revenue outlook to ~$7.3 billion, targeting 4–5% growth on a reported basis and 7–8% ex-Stuart Weitzman
Gross margin expanded to 76.3% and adjusted operating margin improved by 200 bps despite a 230 bps tariff headwind; profits grew 35%
Strategic initiatives include Coach Tabby handbags (85% of Coach revenue), a 30% reduction in Kate Spade’s bag lineup, and the Amplify plan, which added 2.2 million new customers (35% Gen Z)

Nov 7, 2025, 12:09 AM

Bloomberg

Tapestry announces Q1 2026 results

TPR

Earnings

Guidance Update

Revenue Acceleration/Inflection

Tapestry delivered 16% pro forma revenue growth in Q1 2026, led by 21% growth at Coach, with a 76.5% gross margin (+120 bps YoY) and 200 bps operating margin expansion.
Adjusted EPS was $1.38, up 35% YoY and ahead of guidance; the board declared a $0.40 quarterly dividend (≈ $83 million).
Full-year outlook updated: EPS of $5.45–$5.60 (7–10% growth), $1.3 billion in free cash flow, and $1 billion planned share repurchases.
Coach’s momentum driven by mid-teens AUR growth, unit growth inflection, and strong Gen Z acquisition, while Kate Spade focuses on turnaround via brand investments and reduced discounting.

Nov 6, 2025, 1:00 PM

Transcript

Tapestry reports Q1 2026 results

TPR

Earnings

Guidance Update

Share Buyback

Tapestry’s Q1 pro forma revenue rose 16% YoY, led by a 21% gain at Coach, and adjusted EPS reached $1.38 (+35%).
First-quarter gross margin was 76.5% (+120 bps) and adjusted operating margin expanded 200 bps, aided by the Stuart Weitzman divestiture and operational improvements.
Declared a quarterly dividend of $0.40 per share and repurchased 4.7 million shares for $500 million, bringing FY 2026 capital return guidance to $1.3 billion.
Raised fiscal 2026 outlook to $7.3 billion in revenue (7–8% growth) and EPS of $5.45–$5.60, incorporating $170 million of tariff headwinds and targeting 100 bps of SG&A leverage.

Nov 6, 2025, 1:00 PM

Transcript

Tapestry reports Q1 fiscal 2026 results and raises full-year outlook

TPR

Earnings

Guidance Update

Share Buyback

Achieved record Q1 net sales of $1.70 billion (+13% YoY) and GAAP EPS of $1.28 (+61%) and non-GAAP EPS of $1.38 (+35%)
Expanded operating margin by 260 bps on a GAAP basis and 200 bps non-GAAP
Delivered 16% pro forma revenue growth, led by a 22% increase at Coach
Raised FY 2026 outlook to ~$7.3 billion in revenue (+4–5% reported; +7–8% pro forma), EPS of $5.45–$5.60, and 50 bps margin expansion
Plans to return $1.3 billion to shareholders, including $1.0 billion in buybacks and $1.60 annual dividend

Nov 6, 2025, 11:45 AM

Press Release

Capri Holdings reports Q2 FY26 results

TPR

Earnings

Share Buyback

M&A

Total revenue was $856 million, down 2.5% on a reported basis and 4.2% in constant currency year-over-year.
The company recorded a net loss of $34 million ( $(0.28) per diluted share ) and an adjusted net loss of $4 million ( $(0.03) per diluted share ).
Operating loss was $12 million ( (1.4)% margin ); adjusted operating margin improved to 2.3%.
The planned Versace sale is expected to close in Q3 FY26, with proceeds earmarked to repay the majority of debt and strengthen the balance sheet.
The board authorized a $1 billion share repurchase program slated to begin in FY27.

Nov 4, 2025, 11:45 AM

Press Release

Tapestry reports accelerating Coach growth amid value-driven demand

TPR

Revenue Acceleration/Inflection

Guidance Update

Tapestry beat top- and bottom-line estimates and raised its full-year earnings forecast by $0.25 in February.
In May, the company delivered its third consecutive quarterly beat and again raised sales and earnings guidance despite tariff uncertainty.
Coach constant-currency revenue growth accelerated from 2% in November to 10% in February and 15% in May, driven by consumers seeking high-quality goods at reasonable prices.
Kate Spade revenue has declined for eight straight quarters, falling 12% in May, with turnaround initiatives underway.

Jul 28, 2025, 11:58 PM

CNBC Television

Tapestry expands Gen Phoenix investment with $15M funding round

TPR

New Projects/Investments

Tapestry raised its ownership in Gen Phoenix to 9.9% via a $15 million funding round led by Material Impact.
The expanded partnership includes a new three-year supply agreement to integrate Gen Phoenix’s sustainable recycled leather into Tapestry brands.
The strategic alliance focuses on co-developing scalable, premium recycled leather to meet eco-conscious consumer demand and bolster supply chain resilience.
Analysts maintain a consensus “Outperform” rating yet flag potential downside risk in Tapestry’s stock price.

Jul 15, 2025, 9:18 AM

Morningstar

Tapestry Refinances with New $2 Billion Credit Facility

TPR

Debt Issuance

Material Definitive Agreement: On May 22, 2025, Tapestry entered into an agreement to refinance its existing unsecured revolving facility with a new $2 billion revolving credit facility maturing on May 22, 2030.
Facility Features: The new facility allows for an increase of up to $750 million in commitments, includes standby letters of credit up to $125 million and Swing Line Loans up to $50 million, and is available in multiple currencies.
Restrictive Covenants: The agreement imposes negative covenants that restrict additional debt issuance, mergers, and asset dispositions to manage leverage and maintain financial discipline.

May 23, 2025, 12:00 AM

8-K

Tapestry Reports Q3 2025 Results and Raises Full-Year Guidance

TPR

Earnings

Guidance Update

Dividends

Tapestry reported record Q3 2025 revenue of $1.6 billion (up 7% vs prior year) with strong EPS performance, recording a GAAP diluted EPS of $0.95 and a non-GAAP diluted EPS of $1.03.
The company raised its full-year outlook, now expecting approximately $6.95 billion in revenue and EPS in the area of $5.00 with further operating margin expansion.
Tapestry remains committed to robust shareholder returns, targeting over $2 billion to be returned through dividends and share repurchases.

May 8, 2025, 12:00 AM

8-K

Earnings Transcripts

Quarterly earnings call transcripts for TAPESTRY.

Ask Fintool AI Agent

Get instant answers from SEC filings, earnings calls & more

What did Joanne Crevoiserat say about margins?What are TAPESTRY's strategic priorities?How is TAPESTRY positioned vs competitors?How did TAPESTRY do last quarter?

Let Fintool AI Agent track TAPESTRY's earnings for you

Get instant analysis when filings drop