Earnings Releases·Nov 5, 2026, 6:45 AM ET

Tapestry, Inc. — Fiscal 2027 First Quarter Earnings Summary

Fiscal 2027 Q1 net sales rose 11% year-over-year to $1.894 billion, while GAAP diluted EPS increased 38% to $1.76 and non-GAAP diluted EPS rose 32% to $1.82.
The company raised full-year 2027 guidance for revenue to $8.5–$8.6 billion (6–7% constant currency growth), non-GAAP EPS to $8.25–$8.35 (17–18% growth), and operating margin expansion to approximately 100 basis points.
Capital return outlook increased to $2.0 billion for 2027, driven by a $1.7 billion share repurchase target and a $0.4625 quarterly dividend, following $700 million in total shareholder returns in the quarter.
Strategic performance showed strong growth in Coach (16%) and Greater China (43%), offset by a 10% decline in Kate Spade, with the Stuart Weitzman business excluded from pro forma results following its August 2025 sale.
Full-year outlook incorporates a 53rd week contributing an additional percentage point to revenue and assumes a low-to-mid-20% tariff rate on U.S. inventory receipts.