Tapestry Q4 Sales Jump 9%, Non-GAAP EPS Up 28% as Coach Drives Growth
TPR sits 66% above its 52-week low of $92.62.
Summary
Tapestry delivered a strong fiscal Q4, with net sales up 9% to $1.88B and non-GAAP EPS up 28% to $1.32, beating expectations. Full-year non-GAAP EPS rose 38% to $7.05 on 14% sales growth. Coach remains the engine, up 15% in Q4, while Kate Spade declined 7%. Gross margin expanded 700 bps on a GAAP basis, and operating income swung from a $583.5M loss last year to a $442.3M profit. Greater China sales surged 33%, offsetting weakness in Japan. This follows the CEO's $2.7M stock sale in May and the company's $3B buyback program. The results confirm the Amplify strategy is working, with management saying they exceeded Investor Day targets two years early. The company also initiated fiscal 2027 outlook for mid-single digit revenue growth and low-double-digit EPS growth, with FY27 revenue seen at $8.4B-$8.5B and adjusted EPS of $7.80-$7.90. Additionally, Tapestry expects first-quarter revenue growth of high-single digits.
At the time of this announcement, TPR was trading at $153.99 on NYSE in the Trade & Services sector, with a market capitalization of approximately $31.1B. The 52-week trading range was $92.62 to $164.80. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: BusinessWire.