| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 1.7K | 13.1% |
| Total Income | 1.7K | 13.1% |
| Expenditure | 1.4K | 9.6% |
| PBT | 318.70 | 41.2% |
| Net Profit | 274.80 | 47.3% |
| OPM | 19.25% | 2.54pp |
| NPM | 16.12% | 3.74pp |
| EPS | 1.32 | 63.0% |
Tapestry Reports Q1 FY2026 Revenue $1.7 Billion, Up 13% YoY
04 May 2026 · 4 May, 7:39 am
Summary
Tapestry, Inc. reported strong first quarter fiscal 2026 results, with revenue reaching $1.7 billion, a 13% increase year-over-year. The company's pro forma revenue grew by 16%, driven by the Coach brand's 22% increase. Operating margin expanded by 260 basis points on a GAAP basis. Tapestry is raising its full year outlook, expecting to return $1.3 billion to shareholders in fiscal year 2026.
Key Highlights
- 1
Tapestry's revenue reached $1.7 billion, a 13% increase compared to the prior year (+12% constant currency).
- 2
Pro forma revenue growth was 16%, led by a 22% gain at the Coach brand (+21% constant currency).
- 3
GAAP diluted EPS increased by 61% to $1.28, while non-GAAP diluted EPS rose by 35% to $1.38.
- 4
The company achieved operating margin expansion of 260 basis points on a GAAP basis and 200 basis points on a non-GAAP basis.
- 5
Tapestry expects to return $1.3 billion to shareholders in fiscal year 2026.
- 6
The company is raising its fiscal year 2026 revenue and earnings outlook.
- 7
Tapestry acquired over 2.2 million new customers globally, with Gen Z consumers representing approximately 35% of new customers.
Management Comments
Joanne Crevoiserat
“At our investor day in September, we introduced our Amplify plan – a bold vision to bring Tapestry’s iconic brands to new generations of consumers and drive durable growth. Our first quarter outperformance marked a powerful start to this next chapter. Through focused execution of our strategies, we brought creativity and craftsmanship to our customers around the world, achieving revenue and earnings increases ahead of expectations. From this position of strength, we are raising our full year outlook, reinforcing that our advantages are structural and sustainable. We remain confident in our bright future, with a proven track record and an unwavering commitment to deliver compounding growth and long-term shareholder value.”
Informational and educational content only. Not investment advice.