Quarterly ResultMay 7, 2026, 06:52 AM
Tapestry Q3 Revenue $1.9B, EPS $1.65; Raises FY26 Outlook
AI Summary
Tapestry, Inc. reported strong fiscal third quarter 2026 results, exceeding expectations with double-digit growth in revenue, operating profit, and EPS. The company delivered $1.9 billion in revenue, a 21% increase year-over-year, and achieved GAAP diluted EPS of $1.65, up 74%. Driven by this outperformance and robust cash flow, Tapestry raised its full-year 2026 outlook for revenue, operating margin, EPS, and adjusted free cash flow, while also increasing its planned shareholder returns to $1.6 billion.
Key Highlights
- Tapestry Q3 Revenue $1.9B, +21% YoY (+19% constant currency)
- Pro Forma Revenue +25% (+23% constant currency), led by Coach +31%
- GAAP Diluted EPS $1.65, +74% YoY; Non-GAAP Diluted EPS $1.66, +62% YoY
- Operating Margin expanded 630 bps GAAP and 490 bps Non-GAAP
- Raising FY26 Revenue outlook to ~$7.95B (from >$7.75B)
- Raising FY26 Non-GAAP EPS outlook to ~$6.95 (from $6.40-$6.45)
- Increasing planned shareholder returns to $1.6B, including $1.3B in share repurchases
- Acquired over 2.4 million new customers globally, with Gen Z representing over 35%