For the year ended June 29, 2026, Tapestry’s net sales rose 3 per cent year on year (YoY) to $6.91 billion. Net income increased to $1.03 billion from $936 million in the previous year, while operating income reached $1.33 billion, representing an operating margin of 19.2 per cent, up from 18.4 per cent in FY25.
Tapestry reported FY26 net sales of $6.91 billion, up 3 per cent YoY, while net income rose to $1.03 billion. Coach sales grew 5 per cent, offsetting weakness at Kate Spade.
Q4 sales increased 9 per cent to $1.88 billion, with adjusted EPS up 28 per cent.
Tapestry maintained its FY27 guidance for low single-digit revenue growth.
Diluted earnings per share (EPS) improved to $4.31, compared with $3.88 in the prior year, the company said in a press release.
“Our performance in fiscal 2026 reflects the strength of our brands and the agility of our teams. Coach delivered another year of solid growth, while we remain focused on reinvigorating Kate Spade and Stuart Weitzman. We are confident in our ability to deliver sustainable, profitable growth over the long term,” said Joanne Crevoiserat, chief executive officer, Tapestry Inc.
Coach drives overall growth; Kate Spade lags
By brand, Coach net sales increased 5 per cent YoY to $5.13 billion, while Kate Spade sales declined 1 per cent to $1.28 billion. Stuart Weitzman contributed $500 million in sales, flat compared to the previous year. The company said Coach’s performance was driven by continued strength in Asia and digital channels, while Kate Spade faced softer demand in North America.
International and digital channels support margins
International sales accounted for 44 per cent of total revenue, with Asia Pacific leading growth at 8 per cent YoY. Digital sales represented 30 per cent of total revenue, supported by investments in e-commerce and omnichannel capabilities. Gross margin expanded 60 basis points to 71.5 per cent, reflecting improved product mix and supply chain efficiencies.
Guidance maintained for FY27
Tapestry maintained its full-year FY27 guidance, expecting revenue to grow at a low single-digit rate and operating margin to remain above 19 per cent. The company plans to continue investing in brand building, digital innovation, and international expansion, while focusing on cost discipline and operational excellence.
Fibre2Fashion News Desk