Tapestry, Inc. — Fiscal 2027 First Quarter Earnings Summary

Tapestry, Inc. reported fiscal 2027 first-quarter net sales of $1.89 billion, representing an 11% increase on a reported basis and 12% on a pro forma basis compared to the prior year. The company achieved a non-GAAP diluted earnings per share of $1.82, a 32% year-over-year increase, driven by strong growth at the Coach brand and expansion in Greater China. Tapestry raised its full-year 2027 revenue outlook to $8.5–$8.6 billion and increased its capital return guidance to $2.0 billion, which includes a $1.7 billion share repurchase program. Additionally, the company returned approximately $700 million to shareholders during the quarter through dividends and share buybacks.