Inferra AI / Company / TPR
Tapestry, Inc.
TPR · Consumer Discretionary
Last earnings Aug 13, 2026
Key results
Leverage Achieved GAAP EPSquarter
$1.65
SG&A Leverage Achieved GAAP Diluted EPS of $1.65, up 74% Versus Prior Year, and
SEC original ↗Tapestry, Inc. — Earnings release (8-K exhibit)EX-99May 7, 2026
Growthquarter
up 74%
SG&A Leverage Achieved GAAP Diluted EPS of $1.65, up 74% Versus Prior Year, and
SEC original ↗Tapestry, Inc. — Earnings release (8-K exhibit)EX-99May 7, 2026
Non-GAAP EPSquarter
$1.66
Non-GAAP Diluted EPS of $1.66, an Increase of
SEC original ↗Tapestry, Inc. — Earnings release (8-K exhibit)EX-99May 7, 2026
Operating incomequarter
$3 million
Non-GAAP Reconciliation During the fiscal third quarter of 2026, Tapestry recorded certain items that decreased the Company s operating income by $3 million, net income by $2 million, and earnings per diluted share by $0.01.
SEC original ↗Tapestry, Inc. — Earnings release (8-K exhibit)EX-99May 7, 2026
Net incomequarter
$2 million
Non-GAAP Reconciliation During the fiscal third quarter of 2026, Tapestry recorded certain items that decreased the Company s operating income by $3 million, net income by $2 million, and earnings per diluted share by $0.01.
SEC original ↗Tapestry, Inc. — Earnings release (8-K exhibit)EX-99May 7, 2026
Gross marginquarter
76.9%
Gross profit totaled $1.48 billion , while gross margin was 76.9%.
SEC original ↗Tapestry, Inc. — Earnings release (8-K exhibit)EX-99May 7, 2026
This compared to prior year gross profit of $1.21 billion , representing a gross margin of 76.1%.
SEC original ↗Tapestry, Inc. — Earnings release (8-K exhibit)EX-99May 7, 2026
Operating marginquarter
22.3%
Operating income was $428 million on a GAAP basis, while operating margin was 22.3% .
SEC original ↗Tapestry, Inc. — Earnings release (8-K exhibit)EX-99May 7, 2026
On a non-GAAP basis, operating income was $430 million , while operating margin was 22.4% .
SEC original ↗Tapestry, Inc. — Earnings release (8-K exhibit)EX-99May 7, 2026
GAAP operating incomequarter
$254 million
This compared to the prior year GAAP operating income of $254 million and an operating margin of 16.0% and non-GAAP operating income of $277 million and an operating margin of 17.5% .
SEC original ↗Tapestry, Inc. — Earnings release (8-K exhibit)EX-99May 7, 2026
AI analysis
Q1 2026 · reported May 7, 2026
Based on: Earnings release + parent 8-K + 10-Q — transcript not held
Headline figures
| Metric | Q1 2026 | Prior qtr | Year ago |
|---|---|---|---|
| Leverage Achieved GAAP EPS | $1.65 | — | — |
| Growth | up 74% | — | — |
| Non-GAAP EPS | $1.66 | — | — |
| Operating income | $3 million | — | — |
| Net income | $2 million | — | — |
| Gross margin | 76.9% | — | — |
| Operating margin | 22.3% | — | — |
| GAAP operating income | $254 million | — | — |
Guidance · company-stated
Direction: Raised
“We are raising our outlook for the fiscal year, underscoring the power of Tapestry and our commitment to driving durable growth and long-term shareholder value.”
“This represents an increase from its previous outlook of $1.5 billion.”
“Share Repurchases: Tapestry now expects to buy back approximately $1.3 billion in common stock in Fiscal 2026 under the Company s existing stock repurchase authorization, an increase from its prior outlook of $1.2 billion.”
Classified from the release's primary full-year outlook statement.
Margin
Capital allocation
Shareholder Return Programs Given Tapestry s strong operational results, robust balance sheet, significant free cash flow generation, and outlook for growth, the Company now expects to return $1.6 billion, which is approximately 100 percent of its anticipated adjusted free cash flow, to shareholders through dividends and share repurchases in Fiscal 2026.
Event summary
Tapestry, Inc. Q1 2026 — SG&A Leverage Achieved GAAP Diluted EPS of $1.65, up 74% Versus Prior Year, and
Based on: Earnings release + parent 8-K + 10-Q — transcript not held
Guidance & outlook
Direction: Raised
Company outlook: “We are raising our outlook for the fiscal year, underscoring the power of Tapestry and our commitment to driving durable growth and long-term shareholder value.”
Company outlook: “This represents an increase from its previous outlook of $1.5 billion.”
Company outlook: “Share Repurchases: Tapestry now expects to buy back approximately $1.3 billion in common stock in Fiscal 2026 under the Company s existing stock repurchase authorization, an increase from its prior outlook of $1.2 billion.”
Company outlook — Raised (“raising”)
“We are raising our outlook for the fiscal year, underscoring the power of Tapestry and our commitment to driving durable growth and long-term shareholder value.”
Company outlook — Raised (“increase”)
“This represents an increase from its previous outlook of $1.5 billion.”
Company outlook — Raised (“increase”)
“Share Repurchases: Tapestry now expects to buy back approximately $1.3 billion in common stock in Fiscal 2026 under the Company s existing stock repurchase authorization, an increase from its prior outlook of $1.2 billion.”
Company outlook — Raised (“raising”)
“Financial Outlook Tapestry is raising its Fiscal 2026 outlook, incorporating the Company s fiscal third quarter outperformance as well as an increased outlook for the fiscal fourth quarter.”
Company outlook — Raised (“increase”)
“This is above previous guidance for an increase of approximately 180 basis points versus prior year.”
Classified from the release's primary full-year outlook statement.
Capital allocation
Shareholder Return Programs Given Tapestry s strong operational results, robust balance sheet, significant free cash flow generation, and outlook for growth, the Company now expects to return $1.6 billion, which is approximately 100 percent of its anticipated adjusted free cash flow, to shareholders through dividends and share repurchases in Fiscal 2026.
SEC original ↗Tapestry, Inc. — Earnings release (8-K exhibit)EX-99May 7, 2026
Programs include: 4 Dividend: The Company s Board of Directors declared a quarterly cash dividend of $0.40 per common share payable on June 22, 2026 to shareholders of record as of the close of business on June 5, 2026.
SEC original ↗Tapestry, Inc. — Earnings release (8-K exhibit)EX-99May 7, 2026
This results in an annual dividend of $1.60 per share in Fiscal 2026, as anticipated.
SEC original ↗Tapestry, Inc. — Earnings release (8-K exhibit)EX-99May 7, 2026
Share Repurchases: Tapestry now expects to buy back approximately $1.3 billion in common stock in Fiscal 2026 under the Company s existing stock repurchase authorization, an increase from its prior outlook of $1.2 billion.
SEC original ↗Tapestry, Inc. — Earnings release (8-K exhibit)EX-99May 7, 2026
During the fiscal third quarter, the Company spent $150 million to repurchase approximately 1.05 million shares of its common stock at an average cost of approximately $143 per share.
SEC original ↗Tapestry, Inc. — Earnings release (8-K exhibit)EX-99May 7, 2026
On a year-to-date basis through the fiscal third quarter, the Company spent a total of $1.05 billion to repurchase approximately 9.3 million shares at an average share price of approximately $112.
SEC original ↗Tapestry, Inc. — Earnings release (8-K exhibit)EX-99May 7, 2026
Strategy & priorities
, commented: Our third quarter outperformance reflects the compounding benefits of our Amplify strategy, as we bring creativity, craftsmanship, and value to more consumers around the world.
SEC original ↗Tapestry, Inc. — Earnings release (8-K exhibit)EX-99May 7, 2026
Fiscal 2026 Third Quarter Strategic Highlights Tapestry advanced its Amplify growth strategy , which is focused on four key pillars that underpin durable growth: Build Emotional Connection with Consumers Fuel Fashion Innovation and Product Excellence Deliver Compelling Experiences to Drive Global Growth Ignite the Power of our People This strategy is driving the Company s results today and continues to expand its competitive advantages into the future.
SEC original ↗Tapestry, Inc. — Earnings release (8-K exhibit)EX-99May 7, 2026
This is above prior guidance for revenue to be over $7.75 billion; Operating margin of approximately 23%, representing expansion of approximately 300 basis points versus prior year.
SEC original ↗Tapestry, Inc. — Earnings release (8-K exhibit)EX-99May 7, 2026
The Stuart Weitzman Business Divestiture did not represent a strategic shift that will have a major effect on the Company's operations and financial results and therefore did not qualify for presentation as a discontinued operation.
SEC original ↗Tapestry, Inc. — 10-Q Quarterly report10-QMay 7, 2026
Risks & headwinds
The 80 basis point increase in gross margin was driven by operational improvements of approximately 190 basis points as well as a favorable impact from the divestiture of Stuart Weitzman of 70 basis points, partially offset by a negative tariff and duty impact of 180 basis points.
SEC original ↗Tapestry, Inc. — Earnings release (8-K exhibit)EX-99May 7, 2026
Legal Proceedings 50 ITEM 1A.
SEC original ↗Tapestry, Inc. — 10-Q Quarterly report10-QMay 7, 2026
SPECIAL NOTE ON FORWARD-LOOKING INFORMATION This document, and the documents incorporated by reference in this document, our press releases and oral statements made from time to time by us or on our behalf, may contain certain "forward-looking statements" within the meaning of the federal securities laws, including Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and are based on management's current expectations, that involve risks and uncertainties that could cause our actual results to differ materially from our current expectations.
SEC original ↗Tapestry, Inc. — 10-Q Quarterly report10-QMay 7, 2026
Such statements involve risks, uncertainties and assumptions.
SEC original ↗Tapestry, Inc. — 10-Q Quarterly report10-QMay 7, 2026
If such risks or uncertainties materialize or such assumptions prove incorrect, the results of Tapestry, Inc.
SEC original ↗Tapestry, Inc. — 10-Q Quarterly report10-QMay 7, 2026
Significant estimates inherent in the preparation of the condensed consolidated financial statements include reserves for the realizability of inventory; asset retirement obligations; customer returns, end-of-season markdowns and operational chargebacks; useful lives and impairments of long-lived tangible and intangible assets; accounting for income taxes and related uncertain tax positions; accounting for business combinations; the valuation of share-based compensation awards and related expected forfeiture rates; reserves for restructuring; and reserves for litigation and other contingencies, amongst others.
SEC original ↗Tapestry, Inc. — 10-Q Quarterly report10-QMay 7, 2026
Competitors
Competitors & peers
Same GICS sector — classification peers, not declared competitors
Filings
30 documents- Q2 2026
- 10-KTPR
Aug 13, 2026
- 8-KTPR
Aug 13, 2026
- Q1 2026
- 10-QTPR
May 7, 2026
- 8-KTPR
May 7, 2026
- 8-KTPR
Apr 6, 2026
- Q4 2025
- 10-QTPR
Feb 5, 2026
- 8-KTPR
Feb 5, 2026
- Q3 2025
- 8-KTPR
Nov 14, 2025
- 10-QTPR
Nov 6, 2025
- 8-KTPR
Nov 6, 2025
- Q2 2025
- 8-KTPR
Sep 19, 2025
- 8-KTPR
Sep 10, 2025
- 8-KTPR
Aug 20, 2025
- 10-KTPR
Aug 14, 2025
- 8-KTPR
Aug 14, 2025
- Q1 2025
- 8-KTPR
May 23, 2025
- 10-QTPR
May 8, 2025
- 8-KTPR
May 8, 2025
- Q4 2024
- 8-KTPR
Feb 19, 2025
- EX-99TPR
Feb 19, 2025
- 10-QTPR
Feb 6, 2025
- 8-KTPR
Feb 6, 2025
- Q3 2024
- 8-KTPR
Dec 11, 2024
- EX-99TPR
Dec 11, 2024
- 8-KTPR
Dec 5, 2024
- EX-99TPR
Dec 5, 2024
- EX-99TPR
Dec 5, 2024
- 8-KTPR
Nov 22, 2024
- EX-99TPR
Nov 22, 2024
- 8-KTPR
Nov 15, 2024
Earnings releases
9 documentsPresentations
0 documentsNo presentations for Tapestry, Inc. are held in this edition of the library.
Transcripts
0 documentsNo transcripts for Tapestry, Inc. are held in this edition of the library.
Mentioned by
6 companiesOther tracked companies whose held documents mention Tapestry, Inc. by name or ticker. A mention is counted once per document, from the document text the library holds.
“ harbor provisions.… …sales in lieu of fixed contractual rents and ground lease rent. (4) Tapestry and Capri entered into a merger agreement on August 10, 2023, subject to regulatory and shareholder approvals. On a combined basis,… …included later in”
“, net income by $74 million, and diluted earnings per share by $0.36. For the full year, Tapestry recorded certain items that increased operating income by $49… … price of approximately $118. Given Tapestry's strong financial position,”
“Basis and 200 Basis Points on a Non-GAAP Basis Fueled by a … …[email protected] TAPESTRY, INC. REPORTS FISCAL 2026 FIRST QUARTER RESULTS AND RAISES FULL YEAR OUTLOOK Achieved Record First Quarter Revenue and EPS with Growth Exceedin”
“s and 390 Basis Points on a Non-GAAP Basis Fueled by a … …[email protected] TAPESTRY, INC. REPORTS FISCAL 2026 SECOND QUARTER RESULTS AND RAISES FULL YEAR OUTLOOK Achieved Record Quarterly Revenue, Operating Profit, and EPS with G”
“Basis and 490 Basis Points on a Non-GAAP Basis Fueled by a … …[email protected] TAPESTRY, INC. REPORTS FISCAL 2026 THIRD QUARTER RESULTS AND RAISES FULL YEAR OUTLOOK Achieved Double-Digit Revenue, Operating Profit, and EPS Growth, E”
“Presented/Hosted by AI, Quantum and Beyond Tapestry Audit Committee Leader Exchange … …effective November 1, 2025. (2) Ms. Powell’s role expanded effective November”
See also the earnings calendar for every tracked company’s next earnings date.