Tapestry's Full-Year Fiscal 2026 Results: Net Sales Up 14%, EPS $7.27, Coach Drives Growth
TPR sits 58% above its 52-week low of $92.62.
Summary
Tapestry's fiscal 2026 annual report shows net sales up 14% to $8.0 billion and EPS of $7.27, driven by Coach's 23.5% growth. The company generated strong cash flow and returned $1.68 billion to shareholders through buybacks and dividends.
Key Events · Earnings and Guidance · TPR
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Full-Year Net Sales Up 14.2%
Fiscal 2026 net sales reached $8.004 billion, up from $7.011 billion in fiscal 2025. Coach sales grew 23.5% to $6.915 billion, while Kate Spade declined 10.2% to $1.075 billion.
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Diluted EPS Jumps to $7.27
Full-year diluted EPS was $7.27, up from $0.82 in fiscal 2025. Net income was $1.528 billion, compared to $183.2 million in the prior year.
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Operating Margin Expands to 23.9%
Operating income was $1.914 billion, up from $415 million in fiscal 2025. Gross margin improved 240 basis points to 77.8%, and SG&A expenses decreased 11.5% to $4.315 billion.
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Strong Cash Flow and Capital Returns
Operating cash flow was $1.979 billion, up from $1.217 billion. The company repurchased $1.35 billion of stock and paid $326.1 million in dividends ($1.60 per share).
Analysis · TPR · Manufacturing
Tapestry's 10-K confirms a strong fiscal 2026 with net sales up 14.2% to $8.0 billion and diluted EPS of $7.27, a dramatic improvement from $0.82 in fiscal 2025. Coach led the way with a 23.5% sales increase and operating margin expansion, while Kate Spade narrowed its operating loss to $10 million from $769 million. The company generated nearly $2 billion in operating cash flow, repurchased $1.35 billion of stock, and paid $326 million in dividends. The balance sheet remains solid with $2.38 billion in debt and full availability under its $2 billion revolving credit facility. The results beat expectations and provide a comprehensive financial baseline for fiscal 2027.
At the time of this filing, TPR was trading at $146.28 on NYSE in the Manufacturing sector, with a market capitalization of approximately $31.1B. The 52-week trading range was $92.62 to $164.80. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.