Tapestry Earnings Call Transcripts
Fiscal Year 2026
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Delivered double-digit revenue, margin, and EPS growth in Q3, driven by strong global demand, especially among Gen Z, and raised full-year guidance. Coach saw exceptional growth, while Kate Spade's turnaround continues. Significant capital returns planned for FY26.
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Record Q2 results with 18% revenue growth, 390 bps margin expansion, and 34% EPS increase led to a raised full-year outlook. Coach saw 25% growth and strong Gen Z gains, while Kate Spade showed early turnaround signs. $1.5B in shareholder returns planned for fiscal 2026.
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Pro forma revenue grew 16% and EPS rose 35% year-over-year, led by strong double-digit growth at Coach and robust customer acquisition, especially among Gen Z. Fiscal 2026 guidance was raised, with $1.3 billion in free cash flow and significant capital returns planned.
Fiscal Year 2025
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The company is targeting mid-single-digit revenue growth, over 22% operating margins, and low double-digit EPS growth through 2028, driven by Gen Z-focused brand building, international expansion, and disciplined investment. $4 billion will be returned to shareholders over three years.
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Record year with $7B revenue, 20% operating margin, and $5.10 adjusted EPS, driven by double-digit growth at Coach and strong customer acquisition. Fiscal 2026 guidance anticipates continued growth despite $160M tariff headwinds, with over $1B in capital returns planned.
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Record Q3 results featured 8% revenue growth and 27% EPS increase, led by Coach's 15% top-line gain and strong Gen Z acquisition. Gross margin hit a 15-year high, and fiscal 2025 guidance was raised for revenue, EPS, and cash flow, with continued focus on brand investment and shareholder returns.
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Record quarterly results driven by 5% revenue growth and strong brand performance, especially at Coach, led to raised fiscal 2025 guidance. Strategic investments and innovation fueled new customer acquisition, while capital returns exceeded $2 billion.
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Q1 results exceeded expectations with record EPS and gross margin expansion, driven by strong brand performance and disciplined execution. Fiscal 2025 outlook was raised, with continued investment in organic growth, digital, and marketing, while the Capri acquisition remains on hold.
Fiscal Year 2024
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Record annual EPS and gross margin were achieved, with 1% revenue growth led by international markets. Coach delivered record sales, Kate Spade expanded margins despite top-line pressure, and Stuart Weitzman showed wholesale momentum. Capri acquisition remains a strategic focus, with prudent 2025 guidance and continued investment in brand and digital.