The earnings call reflected a strong performance with record-breaking revenue and growth, particularly driven by Coach's exceptional results. There were significant achievements in global customer acquisition and increased shareholder returns through dividends and share repurchases. However, challenges remain with Kate Spade's ongoing turnaround and external headwinds from tariffs and duties.

Company Guidance

During Tapestry's Q1 fiscal 2026 earnings call, the company reported a strong start to the fiscal year, with pro forma revenue increasing by 16%, an adjusted operating margin expansion of 200 basis points, and a 35% rise in earnings per share compared to the previous year. The company highlighted its success in acquiring over 2.2 million new customers globally, largely driven by Gen Z, and noted significant growth across its key markets, including a 21% revenue increase for Coach, with North America rising by 26%, China by 21%, and Europe by 39%. Tapestry raised its fiscal 2026 outlook, projecting revenue around $7.3 billion, reflecting 7% to 8% growth, and set expectations for continued operating margin expansion, despite external challenges such as tariffs and duties. The company's strategic focus on direct-to-consumer engagement and fashion innovation was emphasized as key drivers of this performance.

Record-Breaking Revenue and Growth

Pro forma revenue increased by 16%, adjusted operating margin by 200 basis points, and earnings per share by 35% versus last year, all surpassing expectations.

Coach's Exceptional Performance

Coach delivered a 21% increase in revenue with expanding margins, including double-digit top line growth across key markets: North America up 26%, China up 21%, and Europe growing 39%.

Strong Global Momentum

North America sales grew 18%, Europe revenue increased 32%, and Greater China revenue grew 19%, with strong new customer acquisition and increased local consumer spending.

Increased Dividend and Share Repurchase

Declared a quarterly cash dividend of $0.40 per common share and spent $500 million on repurchasing over 4.7 million shares, with a plan to return $1.3 billion to shareholders in fiscal 2026.

Successful Customer Acquisition

Acquired over 2.2 million new customers globally in the quarter, with strong Gen Z engagement and high retention rates.

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
Feb 05, 2026	2026 (Q2)	2.17 / -	2	―	―	―
Nov 06, 2025	2026 (Q1)	1.26 / 1.38	1.02	35.29% (+0.36)
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)

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
Nov 06, 2025	$109.31	$98.81	-9.61%
Aug 14, 2025	$113.10	$95.33	-15.71%
May 08, 2025	$74.14	$76.90	+3.72%
Feb 06, 2025	$72.47	$81.18	+12.02%

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.