The earnings call reflects a strong performance with record-breaking revenue and earnings, driven by significant growth at Coach and robust global expansion. While there are challenges, particularly with Kate Spade and potential tariff impacts, the company's strategic initiatives and market positioning have led to a positive outlook.

Company Guidance -

Q4 2025

During the Tapestry Conference Call on May 8, 2025, the company provided robust guidance following their record-breaking third quarter results. Tapestry reported an 8% increase in total revenue at constant currency, driven by a 15% growth in the Coach brand and significant geographic gains, including a 35% rise in Europe and a 9% increase in North America. The company acquired 1.2 million new customers in North America, with two-thirds being Gen Z and Millennials. Digital sales grew at a mid-teens rate and represented about 30% of revenue. Tapestry achieved a gross margin of 76.1%, the highest in over 15 years, and an EPS of $1.03, up 27% from the previous year. They raised their fiscal 2025 earnings outlook to approximately $5 per share, maintaining the target despite a complex global landscape. The company emphasized brand building, customer acquisition, and innovative product offerings as key drivers of their success.

Record Third Quarter Revenue and Earnings

Tapestry delivered record third quarter earnings per share, which increased 27% compared to the prior year. Total revenue gains were 8% at constant currency, driven by 15% growth at Coach.

Strong Global Growth

International revenue rose 8%, with a 35% increase in Europe and a 5% increase in Greater China. North America revenue increased by 9%.

New Customer Acquisition

In North America, Tapestry acquired over 1.2 million new customers, with two-thirds being Gen Z and Millennials. This demographic transacts at higher average unit retail (AUR) than the rest of the customer base.

Coach Brand Performance

Coach achieved a 15% top line increase, with significant gains in leather goods and handbags, including a nearly 100 basis point increase in margins.

Digital and Omnichannel Growth

Digital grew at a mid-teens rate, representing approximately 30% of revenue. Global brick and mortar sales rose at a mid-single digit rate.

Tapestry (TPR) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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TPR Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Aug 14, 2025	2025 (Q4)	1.01 / -	0.92	―	―	―
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)
May 11, 2023	2023 (Q3)	0.60 / 0.78	0.51	52.94% (+0.27)

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 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%
Aug 15, 2024	$37.10	$38.32	+3.29%

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.