Want to see TPR full AI Analyst Report?
Earnings Data
Report Date
Aug 13, 2026Before Open (Confirmed)
Period Ending
2026 (Q4)Consensus EPS Forecast
1.25Last Year’s EPS
1.04Same Quarter Last Year
Strong Buy
Based on 15 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call communicated strong operational momentum and financial outperformance led by Coach and the DTC/digital model, with meaningful margin expansion, raised guidance, robust cash generation and aggressive shareholder returns. Key challenges center on kate spade's top-line decline, tariff headwinds, and elevated marketing/investment cadence which pressure near-term profitability for that brand. Overall, the positive drivers (revenue, margins, EPS, cash flow, customer acquisition and Coach strength) materially outweigh the issues highlighted.Company Guidance
Strong Pro Forma Revenue and Top-Line Growth
Pro forma revenue grew 23% year-over-year on a constant currency basis in Q3 and outperformed expectations; company raised full-year revenue guidance to approximately $7.95 billion, representing pro forma growth of ~16% CC for fiscal '26.
Significant Margin and EPS Expansion
Operating margin expanded 490 basis points in Q3; third quarter gross margin was 76.9% (+80 bps YoY). Q3 diluted EPS was $1.66, up 62% versus prior year. Full-year EPS guidance raised to ~$6.95 (expected >35% growth YoY).
Coach Outperformance
Coach delivered constant currency revenue growth of 29% in Q3 with strong global momentum: unit volumes increased over 20% and AUR grew at a low double-digit rate. Regional performance for Coach: North America +27%, Greater China +58%, Europe +27%. Coach welcomed ~2 million new customers in the quarter.
Customer Acquisition and Gen Z Traction
Tapestry acquired over 2.4 million new customers globally in the quarter, including ~400,000 at kate spade; Gen Z acquisition accelerated meaningfully and showed higher retention rates than other cohorts, supporting long-term LTV upside.
Direct-to-Consumer and Digital Strength
DTC-led model drove 23% growth in DTC sales; digital sales grew approximately 25% and global brick-and-mortar sales grew over 20%, with all channels showing strong and increasing profitability.
Robust Cash Generation and Capital Returns
Adjusted free cash flow was an inflow of $229 million in Q3 and the company now expects adjusted free cash flow to approach ~$1.6 billion for fiscal '26. Returned capital via $150 million of share repurchases in the quarter (YTD $1.05 billion), declared a $0.40 quarterly dividend, and increased share repurchase plan to ~$1.3 billion for the year.
Guidance and Structural Improvements
Raised full-year outlook: operating margin expected to be ~23% (up ~300 bps YoY) and gross margin expected to increase ~110 bps; company expects to return ~100% of adjusted free cash flow to shareholders via dividends and repurchases and maintains gross debt/EBITDA at ~1.1x.
Product Innovation and Retail Experience Gains
Product franchises (Tabby, New York family, Soho footwear) continued to resonate with consumers, supporting higher AUR and unit growth; rollout of new expressive luxury store concept and experiential formats (Coach play stores, coffee shops) delivered higher traffic and dwell time, particularly among Gen Z.
TPR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
TPR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 07, 2026 | $148.41 | $130.15 | -12.30% |
Feb 05, 2026 | $129.20 | $142.40 | +10.21% |
Nov 06, 2025 | $108.33 | $97.92 | -9.61% |
Aug 14, 2025 | $112.09 | $94.47 | -15.71% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Tapestry (TPR) report earnings?
Tapestry (TPR) is schdueled to report earning on Aug 13, 2026, Before Open (Confirmed).
What is Tapestry (TPR) earnings time?
Tapestry (TPR) earnings time is at Aug 13, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TPR EPS forecast?
TPR EPS forecast for the fiscal quarter 2026 (Q4) is 1.25.
