Quarterly ResultMay 7, 2026, 06:56 AM
Tapestry Q3 Net Sales +21.2% to $1.92B; EPS $1.65
AI Summary
Tapestry, Inc. reported strong financial results for the third quarter and nine months ended March 28, 2026, with significant increases in net sales, net income, and EPS. The company also completed the divestiture of its Stuart Weitzman business and terminated the agreement to acquire Capri Holdings Limited, which impacted prior period financials. Tapestry continued its share repurchase program, authorizing a new $3.00 billion program.
Key Highlights
- Q3 2026 Net Sales increased 21.2% to $1,920.6 million.
- Q3 2026 Diluted EPS rose 73.7% to $1.65.
- Nine Months 2026 Net Sales increased 15.9% to $6,127.6 million.
- Nine Months 2026 Diluted EPS grew 78.8% to $5.58.
- Coach brand Q3 sales increased 31.5% to $1,701.0 million.
- Greater China Q3 sales surged 54.9% to $432.2 million.
- Repurchased $1.05 billion of common stock year-to-date.
- Completed Stuart Weitzman Business divestiture for $109.1 million.
Price Impact
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