Tapestry, Inc. (TPR) Earnings Call Transcripts

Tapestry, Inc.'s Latest Earnings Call - Q4 FY2026

In the fourth quarter of fiscal 2026, Tapestry, Inc. reported revenue of $8 billion, reflecting a 17% increase on a pro forma constant currency basis, and earnings per share (EPS) of $7.05, up 38% year-over-year. The company exceeded its three-year commitments for revenue, operating margin, and EPS two years ahead of schedule. For fiscal 2027, Tapestry expects revenue between $8.4 billion and $8.5 billion, indicating mid-single-digit growth, and EPS guidance of $7.80 to $7.90, representing low double-digit growth, maintaining its long-term financial algorithm.

Reported metrics

Guidance from management

For fiscal 2027, Tapestry expects revenue of $8.4 billion to $8.5 billion and EPS of $7.80 to $7.90, maintaining its long-term financial algorithm. Guidance reflects mid-single-digit growth and continued operating margin expansion.

What management said

Yes. And I'll just make a quick build on Todd's comment, Alex. First of all, Q4 came exactly like we expected as it relates to units. Remember, we had some shifting of timing of promotional events and also we had exceptional sell-through in Q3, which took some of those units from Q4 to Q3. So as it relates to the unit dynamic, it occurred exactly as we expected. Actually, we beat the guide in total and actually did a...

Yes. And a quick build on the numbers, Ike. If you look at the Coach guide for North America, again, as Todd said, it's really above our Investor Day expectations for '27. And a little bit more on that. If you look at the 2-year stack for North America Coach in both Q4, Q1 and the full year guide, it's about 30%, right? So we're comping the comp. We're consolidating the exceptional growth from last year and compoundi...

What analysts pressed on

Analysts expressed concerns regarding the slower growth trajectory for Kate Spade, with expectations of a high single-digit decline in fiscal 2027. There were also questions about the sustainability of Coach's growth amidst tough comparisons from the previous year.

Main topics on the call

• Strong Revenue Growth — Tapestry achieved revenue of $8 billion in Q4, growing 17% year-over-year. Management stated, "We delivered strong growth and record results while continuing to invest in our brands, our people and the capabilities that ...
• Customer Acquisition Success — The company welcomed 11 million new customers in fiscal 2026, with a significant portion from Gen Z. CEO Joanne Crevoiserat noted, "We continue to win with consumers at the point of market entry, welcoming younger custom...
• Operating Margin Expansion — Operating margin expanded by 340 basis points to over 23% for the fiscal year. Scott Roe highlighted, "We continue to drive healthy gross margin expansion, delivering a fourth quarter gross margin of 78.1%."
• Guidance for Fiscal 2027 — Tapestry expects revenue of $8.4 billion to $8.5 billion for fiscal 2027, reflecting mid-single-digit growth. The company maintained its long-term financial algorithm, indicating confidence in future performance.

Read the full Tapestry, Inc. transcript (Q4 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 33 Tapestry, Inc. earnings call transcripts on record, spanning February 6, 2020 to August 13, 2026. Based on this history, Tapestry, Inc. reports quarterly. The most recent call on file is dated August 13, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

TPR

Exchange

NYSE

Country

US

Sector

Consumer Discretionary

Industry

Textiles, Apparel and Luxury Goods

Calls on record

33

First call

February 6, 2020

Most recent

August 13, 2026

Reporting cadence

quarterly