Tapestry Earnings Call Transcripts
Fiscal Year 2026
-
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.
-
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.
-
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
-
A multi-year growth plan targets mid-single-digit revenue growth, margin expansion, and $4B in shareholder returns, driven by data-led brand building, Gen Z acquisition, and international expansion. Coach aims for $10B in sales, while Kate Spade focuses on Gen Z relevance and profitability by 2027.
-
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.
-
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.
-
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.
-
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
-
Record annual EPS and gross margin were achieved, driven by international growth and operational excellence. Fiscal 2025 guidance calls for modest revenue and margin expansion, with continued investment in brands and a focus on integrating Capri for long-term value creation.