Earnings ·
Tapestry reports Q1 revenue of $1.89B, raises FY27 outlook to $8.5-$8.6B
TPRTapestry, Inc.
Tapestry reported fiscal first-quarter net sales of $1.89 billion, an 11% increase from the prior year period, driven by a 16% rise at Coach and strong performance in Greater China. GAAP diluted earnings per share reached $1.76, up 38%, while non-GAAP diluted EPS was $1.82, reflecting a 32% increase. The company raised its full-year revenue guidance to approximately $8.5 billion to $8.6 billion and increased its capital return outlook to $2.0 billion for fiscal 2027. Tapestry operates as a global house of iconic accessories and lifestyle brands, primarily Coach and Kate Spade New York.