Tapestry, Inc. Reports Fiscal 2026 Third Quarter Results | Raises Full-Year Outlook
Tapestry, Inc. achieved $1.9 billion in revenue for the third quarter of fiscal year 2026, a 21% increase year-over-year. Driven by the strong performance of the Coach brand, the company raised its full-year outlook. The Amplify strategy is proving successful, with significant new customer acquisition and growth in key markets.
📋 Article Processing Timeline
- 📰 Published: May 8, 2026 at 05:52
- 🔍 Collected: May 7, 2026 at 21:32
- 🤖 AI Analyzed: May 7, 2026 at 21:42 (10 min after Collected)
This document is a Japanese translation of the press release issued by Tapestry, Inc. on Thursday, May 7, 2026, at 7:00 AM ET (Japan time: 8:00 PM on the same day).
Revenue of $1.9 billion, up 21% year-over-year (19% in constant currency).
Pro forma revenue grew 25% (23% in constant currency), driven by a 31% increase in Coach (29% in constant currency).
Operating margin expanded by 630 basis points on a GAAP basis and 490 basis points on a non-GAAP basis, driven by higher gross margin and SG&A leverage.
GAAP diluted EPS increased 74% year-over-year to $1.65, and non-GAAP diluted EPS increased 62% year-over-year to $1.66.
Strong balance sheet and robust cash flow generation are on track to deliver $1.6 billion in shareholder returns in fiscal 2026, exceeding previous guidance.
Fiscal 2026 outlook for revenue, operating margin, EPS, and cash flow has been raised.
Performance materials for the third quarter of fiscal 2026, including brand commentary (English only), can be downloaded from this link.
NEW YORK, May 7, 2026 – Tapestry, Inc. (NYSE: TPR), a New York-based global house of iconic accessory and lifestyle brands, today reported its financial results for the third quarter of fiscal year 2026, ended March 28, 2026.
Comment from Joanne Crevoiserat, Chief Executive Officer of Tapestry, Inc.
“Our strong third-quarter results reflect the compounded benefits of our Amplify strategy, which brings creativity, craftsmanship, and value to more customers around the world. Through disciplined strategy execution and a relentless focus on the customer, we are translating insights into action at scale, driving meaningful growth, expanding margins, and fostering enduring brand desirability. We are leveraging this advantageous position to confidently move forward into a future filled with significant potential. By raising our fiscal 2026 full-year outlook, we are demonstrating the power of Tapestry, Inc., our solid growth, and our unwavering commitment to creating long-term shareholder value.”
Tapestry, Inc. Fiscal 2026 Third Quarter Financial Highlights (Unaudited) - in millions of dollars (except per share amounts)
Pro Forma Revenue Information Summary (Unaudited) - in millions of dollars
Tapestry, Inc. Fiscal 2026 Third Quarter Key Strategic Highlights
Tapestry, Inc. advanced its Amplify growth strategy, focused on the following four pillars that underpin solid growth:
Building emotional connections with consumers
Elevating fashion innovation and product excellence
Delivering compelling experiences and driving global growth
Maximizing the power of our people
This strategy accelerates Tapestry, Inc.'s current performance and continues to expand its competitive advantage for the future.
Highlights for the third quarter of fiscal 2026 include:
Acquired over 2.4 million new customers globally. This was driven by Gen Z consumers, who accounted for over 35% of the total, showing an increase over the prior year. Demand from existing customers also expanded, demonstrating broad support and the ability to consistently attract and retain new generations of consumers in a vast TAM (Total Addressable Market).
Accelerated growth in core leather products. This was due to increased revenue from Coach handbags, with handbag sales increasing by over 20% and average retail price increasing in the low teens. This reflects the fundamental strength of the business, in addition to being a driver of healthy and diversified growth, and the craftsmanship and value offered to a broad consumer base.
Accelerated double-digit growth exceeding expectations in key markets. North America (up 20%), Europe (up 21%), and APAC overall (up 30%), including Greater China (up 55%), saw revenue increases on a constant currency basis in pro forma financial information. Coach also achieved 29% growth in constant currency.
Overall D2C revenue increased 23% in constant currency on a pro forma basis, driven by robust digital growth of approximately 25% and over 20% growth in global brick-and-mortar stores, improving profitability across all channels. This demonstrates the power of Tapestry's data-driven and agile business model.
Overall, Tapestry, Inc. achieved double-digit revenue and earnings growth during the quarter, demonstrating structural advantages and drivers of sustained growth and value creation.
Shareholder Return Program
Based on strong performance, a robust balance sheet, abundant free cash flow generation, and future growth prospects.
Revenue of $1.9 billion, up 21% year-over-year (19% in constant currency).
Pro forma revenue grew 25% (23% in constant currency), driven by a 31% increase in Coach (29% in constant currency).
Operating margin expanded by 630 basis points on a GAAP basis and 490 basis points on a non-GAAP basis, driven by higher gross margin and SG&A leverage.
GAAP diluted EPS increased 74% year-over-year to $1.65, and non-GAAP diluted EPS increased 62% year-over-year to $1.66.
Strong balance sheet and robust cash flow generation are on track to deliver $1.6 billion in shareholder returns in fiscal 2026, exceeding previous guidance.
Fiscal 2026 outlook for revenue, operating margin, EPS, and cash flow has been raised.
Performance materials for the third quarter of fiscal 2026, including brand commentary (English only), can be downloaded from this link.
NEW YORK, May 7, 2026 – Tapestry, Inc. (NYSE: TPR), a New York-based global house of iconic accessory and lifestyle brands, today reported its financial results for the third quarter of fiscal year 2026, ended March 28, 2026.
Comment from Joanne Crevoiserat, Chief Executive Officer of Tapestry, Inc.
“Our strong third-quarter results reflect the compounded benefits of our Amplify strategy, which brings creativity, craftsmanship, and value to more customers around the world. Through disciplined strategy execution and a relentless focus on the customer, we are translating insights into action at scale, driving meaningful growth, expanding margins, and fostering enduring brand desirability. We are leveraging this advantageous position to confidently move forward into a future filled with significant potential. By raising our fiscal 2026 full-year outlook, we are demonstrating the power of Tapestry, Inc., our solid growth, and our unwavering commitment to creating long-term shareholder value.”
Tapestry, Inc. Fiscal 2026 Third Quarter Financial Highlights (Unaudited) - in millions of dollars (except per share amounts)
Pro Forma Revenue Information Summary (Unaudited) - in millions of dollars
Tapestry, Inc. Fiscal 2026 Third Quarter Key Strategic Highlights
Tapestry, Inc. advanced its Amplify growth strategy, focused on the following four pillars that underpin solid growth:
Building emotional connections with consumers
Elevating fashion innovation and product excellence
Delivering compelling experiences and driving global growth
Maximizing the power of our people
This strategy accelerates Tapestry, Inc.'s current performance and continues to expand its competitive advantage for the future.
Highlights for the third quarter of fiscal 2026 include:
Acquired over 2.4 million new customers globally. This was driven by Gen Z consumers, who accounted for over 35% of the total, showing an increase over the prior year. Demand from existing customers also expanded, demonstrating broad support and the ability to consistently attract and retain new generations of consumers in a vast TAM (Total Addressable Market).
Accelerated growth in core leather products. This was due to increased revenue from Coach handbags, with handbag sales increasing by over 20% and average retail price increasing in the low teens. This reflects the fundamental strength of the business, in addition to being a driver of healthy and diversified growth, and the craftsmanship and value offered to a broad consumer base.
Accelerated double-digit growth exceeding expectations in key markets. North America (up 20%), Europe (up 21%), and APAC overall (up 30%), including Greater China (up 55%), saw revenue increases on a constant currency basis in pro forma financial information. Coach also achieved 29% growth in constant currency.
Overall D2C revenue increased 23% in constant currency on a pro forma basis, driven by robust digital growth of approximately 25% and over 20% growth in global brick-and-mortar stores, improving profitability across all channels. This demonstrates the power of Tapestry's data-driven and agile business model.
Overall, Tapestry, Inc. achieved double-digit revenue and earnings growth during the quarter, demonstrating structural advantages and drivers of sustained growth and value creation.
Shareholder Return Program
Based on strong performance, a robust balance sheet, abundant free cash flow generation, and future growth prospects.