Tapestry FY2026: $8.00 billion revenue, $7.05 non-GAAP EPS
Tapestry closed fiscal 2026 with $8.00 billion of revenue, up 14.0%, and non-GAAP EPS of $7.05, up 38.0% — a strong year that management says hit its Investor Day targets two years early. Read the results in two layers: the reported full-year numbers cover the whole company, while the brand-level figures here are just the fourth quarter, when Coach grew 15.0% and Kate Spade fell 7.0%.
1 · Expected vs. Actual
Free preview belowFull-year GAAP diluted EPS was $7.27 versus $0.82 a year earlier, and non-GAAP EPS was $7.05, up 38.0%. Fourth-quarter non-GAAP EPS of $1.32 nudged past the $1.2964 consensus estimate. Watch the mix: IEEPA tariff refunds added $0.43 per share for the year, partly offset by other charges, for a net $0.22 lift to reported EPS.
Full-year net sales were $8.00 billion, up 14.0% on a reported basis and 13.0% in constant currency; excluding the divested Stuart Weitzman business, pro forma revenue rose 17.0% in constant currency. The fourth quarter alone brought $1.88 billion, up 9.0%, with Coach at $1.64 billion (+15.0%) and Kate Spade at $235.1 million (-7.0%). Note the layering: the $8.00 billion is the full year, while the brand-level figures in this filing cover only the quarter, which is why they sum to $1.88 billion.
Management launched a fiscal 2027 outlook of $8.4 billion to $8.5 billion of revenue (midpoint $8.45 billion) and EPS of $7.80 to $7.90, plus approximately 50 basis points of operating margin expansion. That follows a year in which the prior annual guide midpoint of $7.95 billion was beaten, with revenue finishing at $8.00 billion. Free cash flow is guided to approach $1.7 billion, and the dividend rises 16.0% to an anticipated $1.85 per share.
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Figures on this page come from the company's original SEC filings. The analysis is generated automatically and checked against validation rules, but may still contain errors or omissions. Not investment advice. · Generated 2026-09-17
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