| Metric | Value ($ M) | Q2 FY26 | Q3 FY25 |
|---|---|---|---|
| Revenue | 1.9K | 23.3% | 21.2% |
| Total Income | 1.9K | 23.3% | 21.2% |
| Expenditure | 1.5K | 16.4% | 12.2% |
| PBT | 416.00 | 40.3% | 74.0% |
| Net Profit | 343.80 | 38.8% | 69.1% |
| OPM | 22.26% | 6.37pp | 6.25pp |
| NPM | 17.90% | 4.53pp | 5.07pp |
| EPS | 1.70 | 38.2% | 73.5% |
Tapestry, Inc. Reports Q3 FY26 Results: Revenue $1.9 Billion, Up 21%
07 May 2026 · 7 May, 4:21 pm
Summary
Tapestry, Inc. reported strong fiscal third quarter 2026 results, with revenue reaching $1.9 billion, a 21% increase year-over-year. Pro forma revenue grew by 25%, driven by the Coach brand. The company's GAAP diluted EPS increased by 74% to $1.65. Tapestry is raising its fiscal year 2026 outlook and expects to return $1.6 billion to shareholders. Joanne Crevoiserat, Chief Executive Officer, highlighted the benefits of the Amplify strategy in driving meaningful growth and expanding margins.
Key Highlights
- 1
Tapestry's revenue reached $1.9 billion, reflecting a 21% increase compared to the prior year, or 19% on a constant currency basis.
- 2
Pro forma revenue growth was 25%, or 23% in constant currency, driven by a 31% gain at the Coach brand.
- 3
The company achieved GAAP diluted EPS of $1.65, a 74% increase versus the prior year, and non-GAAP diluted EPS of $1.66, up 62% year-over-year.
- 4
Operating margin expanded by 630 basis points on a GAAP basis and 490 basis points on a non-GAAP basis.
- 5
Tapestry is on track to return $1.6 billion to shareholders in fiscal year 2026, an increase from prior guidance.
- 6
The company is raising its fiscal year 2026 revenue, operating margin, EPS, and cash flow outlook.
- 7
Tapestry acquired over 2.4 million new customers globally, with Gen Z consumers representing over 35% of new customers.
Management Comments
Joanne Crevoiserat
“Our third quarter outperformance reflects the compounding benefits of our Amplify strategy, as we bring creativity, craftsmanship, and value to more consumers around the world. With disciplined execution and the consumer at the center of everything we do, we are translating insights into action at scale, fueling meaningful growth, expanding margins, and enduring brand desire. From this position of strength, we move confidently into the future with significant opportunity ahead. We are raising our outlook for the fiscal year, underscoring the power of Tapestry and our commitment to driving durable growth and long-term shareholder value.”
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