Tapestry Inc
NYSE:TPR

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Tapestry Inc
NYSE:TPR
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Price: 116.56 USD -1.4% Market Closed
Market Cap: 23.9B USD

Tapestry Inc
Investor Relations

In the ever-evolving world of luxury and fashion, Tapestry Inc. stands out as a captivating blend of heritage and modernity, weaving a story of sophisticated craftsmanship and contemporary appeal. Emerging as a prominent house of brands, Tapestry encompasses renowned labels like Coach, Kate Spade, and Stuart Weitzman. The company's narrative is rooted in its ability to harmonize the distinct identities of these brands while maximizing their shared synergies. By cultivating an engaging retail experience, Tapestry captures the essence of each brand's unique style, targeting aspirational consumers who seek both quality and innovation. This customer-centric approach is evident in their diversified product lineup ranging from handbags and accessories to footwear and ready-to-wear collections, all meticulously crafted to resonate with the evolving tastes of the modern buyer.

Tapestry's business model cleverly intertwines direct-to-consumer channels with the rich tradition of brick-and-mortar stores, complemented by a robust presence in digital marketplaces. Through its omnichannel strategy, Tapestry not only enhances brand visibility but also ensures seamless customer engagement across various touchpoints. The company capitalizes on its broad geographic reach, strategically positioning itself to capture growth in emerging markets while solidifying its foothold in established regions. By leveraging its supply chain optimization and embracing a data-driven approach, Tapestry not only mitigates operational risks but also fortifies its profitability. As a result, the company continuously generates revenue by delivering premium products that align with the evolving aspirations of a global clientele, all while maintaining a sophisticated balance between tradition and innovation.

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Last Earnings Call
Fiscal Period
Q1 2026
Call Date
Nov 6, 2025
AI Summary
Q1 2026

Record Quarter: Tapestry delivered record sales and EPS, with first quarter revenue up 16%, adjusted operating margin higher by 200 basis points, and EPS up 35% versus last year, all exceeding expectations.

Coach Momentum: Coach led the way with 21% revenue growth and expanding margins, achieving double-digit gains in North America, China, and Europe, driven by strong customer acquisition, particularly among Gen Z.

Raised Outlook: Management increased full-year 2026 guidance for revenue, EPS, and share buybacks, reflecting the strong start and ongoing momentum.

Gross Margin Strength: Gross margin reached 76.5%, up 120 basis points year-on-year, despite headwinds from tariffs and currency.

Focused Investments: Tapestry continues to invest aggressively in marketing and innovation, with marketing spend rising to 11% of sales.

Kate Spade Turnaround: Kate Spade revenue declined 9%, but KPIs such as Gen Z customer acquisition and full price sell-through improved; management remains committed to a disciplined, less promotional strategy.

Capital Returns: The company expects to return $1.3 billion to shareholders in FY26 via increased share repurchases and dividends.

Key Financials
Revenue
$7.3B (guidance for FY26)
EPS
$1.38 (Q1); $5.45–$5.60 (FY26 guidance)
Gross Margin
76.5% (Q1)
Operating Margin
Not specified (Q1); expansion of 200 bps in Q1
Adjusted Free Cash Flow
$103M (Q1); $1.3B (FY26 guidance)
Marketing Spend as % of Sales
11% (Q1)
Dividend per Share
$0.40 (quarterly); $1.60 (annual rate for FY26 guidance)
Share Repurchases
$500M repurchased in Q1; $1B planned in FY26
Coach Revenue Growth
21% (Q1 YoY)
Kate Spade Revenue Growth
-9% (Q1 YoY)
Customer Acquisition (Tapestry)
2.2M new customers acquired globally in Q1
Customer Acquisition (Coach)
1.7M new customers acquired globally in Q1
Earnings Call Recording
Other Earnings Calls

Management

Ms. Joanne C. Crevoiserat
President, CEO & Director
No Bio Available
Mr. Scott A. Roe CPA
CFO & COO
No Bio Available
Mr. David E. Howard CPA
General Counsel & Secretary
No Bio Available
Mr. Todd Kahn J.D.
CEO & Brand President of Coach
No Bio Available
Mr. Manesh B. Dadlani
VP, Principal Accounting Officer & Controller
No Bio Available
Yang Lu
Chief Information Officer
No Bio Available
Ms. Christina Colone
Global Head of Investor Relations
No Bio Available
Ms. Andrea Shaw Resnick
Chief Communications Officer
No Bio Available
Ms. Denise M. Kulikowsky
Chief People Officer
No Bio Available
Mr. Peter Charles
Chief Supply Chain Officer
No Bio Available

Contacts

Address
NEW YORK
New York City
10 Hudson Yards
Contacts
+12129468400.0
www.tapestry.com