Tapestry ( (TPR) ) has released its Q1 earnings. Here is a breakdown of the information Tapestry presented to its investors.
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Tapestry, Inc. is a global house of iconic accessories and lifestyle brands, known for its Coach and Kate Spade labels, operating in the fashion and retail industry.
In its fiscal 2026 first quarter earnings report, Tapestry announced record revenue and earnings per share (EPS), surpassing expectations and prompting an upward revision of its full-year financial outlook.
The company reported a 13% increase in revenue, reaching $1.7 billion, with a notable 22% growth in the Coach brand. Operating margin expanded significantly, and EPS rose by 61% on a GAAP basis. Tapestry also highlighted its strategic focus on expanding its customer base, particularly among Gen Z consumers, and enhancing its product offerings.
Tapestry’s strategic initiatives, including its Amplify Growth Strategy, have driven strong performance across key markets, with significant gains in North America and Europe. The company plans to return $1.3 billion to shareholders through dividends and share repurchases, reflecting its robust cash flow and balance sheet.
Looking ahead, Tapestry remains optimistic about its growth prospects, raising its revenue and earnings forecasts for fiscal 2026, supported by its strategic initiatives and strong market position.