Tapestry FY26 Revenue $8.0B, EPS $7.05; Raises Dividend 16%
Tapestry, Inc. reported strong financial results for its fiscal fourth quarter and full year ended June 27, 2026, exceeding expectations and achieving key financial commitments two years ahead of plan. The company delivered full-year revenue of $8.0 billion, a 14% increase, and non-GAAP diluted EPS of $7.05, up 38%. For the fourth quarter, revenue rose 9% to $1.9 billion, with non-GAAP diluted EPS increasing 28% to $1.32. Tapestry also announced a 16% increase in its quarterly dividend and returned $1.7 billion to shareholders in fiscal 2026 through dividends and share repurchases. The company provided a positive fiscal 2027 outlook, projecting mid-single-digit revenue growth and low-double-digit EPS growth.
Key Highlights
- Achieved fiscal 2026 revenue of $8.0 billion, up 14% year-over-year, and non-GAAP diluted EPS of $7.05, up 38% year-over-year.
- Delivered fourth quarter revenue of $1.9 billion, up 9% year-over-year, and non-GAAP diluted EPS of $1.32, up 28% year-over-year.
- Board of Directors approved a 16% dividend increase, resulting in a quarterly cash dividend of $0.4625 per share.
- Returned $1.7 billion to shareholders in fiscal 2026 through $326 million in dividends and $1.35 billion in share repurchases.
- Coach brand revenue grew 24% for the full year and 15% for the fourth quarter.
- Fiscal 2026 non-GAAP operating margin expanded by 340 basis points to 23.4%.
- Initiated fiscal 2027 outlook for revenue of $8.4 billion to $8.5 billion and EPS of $7.80 to $7.90.
- Greater China revenue increased 38% for the full year on a reported basis.
Price Impact
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