Tapestry reported strong financial performance with record revenue and earnings, particularly driven by the Coach brand. However, challenges remain, particularly with the underperformance of Kate Spade and significant tariff-related cost pressures.

Company Guidance -

Q1 2026

During the conference call, Tapestry provided a comprehensive overview of its fiscal year 2025 performance and guidance for fiscal year 2026, highlighting several key metrics. The company reported a total revenue of $7 billion, with an operating margin of 20% and an adjusted EPS of $5.10, reflecting significant growth from the previous year. Additionally, Tapestry achieved its target of over $5 in earnings and returned more than $3 billion to shareholders, emphasizing its commitment to delivering best-in-class total returns. The company also noted strong customer acquisition, particularly among Gen Z and millennials, with over 6.8 million new customers in North America. For fiscal year 2026, Tapestry expects revenue to approach $7.2 billion, driven by mid-single-digit growth across key regions, and anticipates EPS growth of 4% to 7%, despite $160 million in tariff-related headwinds. The company plans to return over $1 billion to shareholders and make significant investments in marketing and brand building, particularly for its Coach and Kate Spade brands.

Record-Breaking Year for Tapestry

Tapestry delivered $7 billion in revenue with a 20% operating margin and $5.10 in adjusted EPS, growing meaningfully versus the prior year.

Coach Brand Performance

Coach achieved a 10% increase in revenue, with fourth-quarter constant currency top-line gains of 13% and double-digit growth across key markets: North America up 16%, China up 22%, and Europe up 12%.

Strong New Customer Acquisition

Tapestry acquired over 6.8 million new customers in North America during the year, with Coach welcoming over 4.6 million new customers in North America alone.

Operating Margin Expansion

The company delivered a record fourth-quarter gross margin of 76.3%, 140 basis points above the prior year.

Tapestry (TPR) Earnings, Revenues Date & History

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TPR Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 06, 2025	2026 (Q1)	1.24 / -	1.02	―	―	―
Aug 14, 2025	2025 (Q4)	1.02 / 1.04	0.92	13.04% (+0.12)
May 08, 2025	2025 (Q3)	0.88 / 1.03	0.81	27.16% (+0.22)
Feb 06, 2025	2025 (Q2)	1.75 / 2.00	1.63	22.70% (+0.37)
Nov 07, 2024	2025 (Q1)	0.95 / 1.02	0.93	9.68% (+0.09)
Aug 15, 2024	2024 (Q4)	0.88 / 0.92	0.95	-3.16% (-0.03)
May 09, 2024	2024 (Q3)	0.68 / 0.81	0.78	3.85% (+0.03)
Feb 08, 2024	2024 (Q2)	1.47 / 1.63	1.36	19.85% (+0.27)
Nov 09, 2023	2024 (Q1)	0.90 / 0.93	0.79	17.72% (+0.14)
Aug 17, 2023	2023 (Q4)	0.97 / 0.95	0.78	21.79% (+0.17)

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
Aug 14, 2025	$113.53	$95.69	-15.71%
May 08, 2025	$74.42	$77.20	+3.74%
Feb 06, 2025	$72.74	$81.48	+12.02%
Nov 07, 2024	$49.06	$50.82	+3.59%

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.