Tapestry, IncNYSE: TPR
Consumer Discretionary · Apparel, Accessories & Luxury Goods
$142.79
-1.55%
Vol: 1.0M
Research Digest
Friday, May 1, 2026
Tapestry raises FY2026 guidance on strong Q1 results and elevated cash return commitment
Tapestry reported robust Q1 FY2026 results with 16% DTC revenue growth on pro forma constant currency basis, including mid-teens gains in Digital and global brick-and-mortar sales. The luxury accessories company raised full-year guidance and committed to returning $1.3 billion to shareholders via dividends and buybacks, representing 100% of anticipated adjusted free cash flow. Strong operational performance and balance sheet position support optimistic growth outlook. Divestiture of Stuart Weitzman brand resulted in non-recurring charges.
Previous Market Intelligence
13 daysApr 30Tapestry reports fiscal Q1 2026 revenue of $2.50B (beat $2.29B estimate) with 14% YoY growth and raises full-year outlook on strong DTC momentum.Positive▶
Tapestry Inc. reported strong fiscal Q1 2026 with revenue of $2.50B, exceeding consensus of $2.29B. Direct-to-consumer revenue increased 16% on pro forma constant currency basis with mid-teens growth in both digital and global brick-and-mortar sales. The company raised full-year guidance and expects to return approximately $1.3B (100% of projected adjusted free cash flow) to shareholders through dividends and buybacks in fiscal 2026. Stock has surged 114% over past year with strong analyst outlook projecting 26.5% fiscal EPS growth. However, Jefferies downgraded from Buy to Hold recently, though Wells Fargo maintains Buy rating. Recent stock high of $161.97 on Feb 26.
Apr 29Tapestry raised FY2026 EPS guidance and dividend 14% despite slight guidance dip; reports 14% YoY revenue growth and 16% DTC growth on pro-forma basis.Positive▶
Tapestry reported strong Q1 FY2026 with 14% YoY revenue increase to record levels. The company raised its dividend by 14% and is returning $1.3B in free cash flow to shareholders through buybacks and dividends. Total DTC revenue increased 16% on a pro-forma constant currency basis, with strong performance in digital and brick-and-mortar. Gen Z and Millennials represented approximately 60% of new customers. The company has optimistic earnings forecasts but recently sold Stuart Weitzman brand, with divestiture costs recorded in Q1.
Apr 16Tapestry reports strong Q1 FY2026 results with Coach brand driving Gen Z demand; appoints Pinterest CTO Matt Madrigal to Board; raises full-year outlook.Positive▶
Tapestry reported strong fiscal second quarter ended December 27, 2025, with direct-to-consumer revenue up 16% on pro forma constant currency basis (mid-teens growth in Digital and brick-and-mortar). Matt Madrigal, Chief Technology Officer of Pinterest, appointed to Board effective immediately. The company raised its full-year outlook as Coach brand continues attracting Gen Z customers, strong Tabby handbag demand, and Kate Spade product line streamlining protect margins against tariffs. Jefferies downgraded from Buy to Hold today; Wells Fargo maintains Buy. Average analyst rating: Buy with 12-month price target of $142.2.
Apr 15Tapestry reports Q1 2026 beat with record gross margin of 75.5%, raises full-year outlook, launches $1.5B capital return program.Positive▶
Tapestry Inc. reported fiscal Q1 2026 results that exceeded forecasts with $2.50 billion revenue (14% YoY growth) and record gross margins expanding to 75.5%, with operating margins reaching 28.8%. The company raised full-year guidance and launched a $1.5 billion capital return program including $1.2 billion in share buybacks. CEO Joanne Crevoiserat stated Coach has an incredible runway ahead and sees the brand becoming a $10 billion brand. Wall Street remains bullish with most analysts maintaining Buy/Strong Buy ratings and consensus price target moved to $165-$170.
Apr 14Tapestry beats Q2 2026 earnings with $2.69 EPS and raised FY26 guidance; luxury brand adds 3.7 million new customers with Gen Z surge.Positive▶
Tapestry reported Q2 2026 earnings of $2.69 per share (beat $2.20 estimate) and revenue of $2.50 billion, with 14% year-over-year growth. The company raised FY26 guidance to $7.3B revenue and EPS of $5.45-$5.60, while announcing $1.3B in adjusted free cash flow. Strong Gen Z customer growth underpins performance. Stock is up 17.7% year-to-date.
Apr 13Tapestry achieved record $2.5 billion quarterly revenue and 75.5% gross margin in Q2 2026, raising full-year guidance.Positive▶
Tapestry posted strongest quarter ever with $2.5 billion revenue (+14% YoY) and record 75.5% gross margin. Non-GAAP EPS jumped 34% to $2.69. Raised full-year guidance and launched $1.5 billion shareholder return program. Matthew Madrigal (Pinterest CTO) joined board April 6. 22 analysts show majority Buy/Strong Buy with consensus targets $165-170. Stock at $150.30.
Apr 10Tapestry surpasses Q2 estimates with record $2.5B revenue and 22% EPS beat; dividend raised 14%.Positive▶
Tapestry delivered best quarter on record with $2.5B revenue (14% growth) and $2.69 EPS (beat forecast by 22.83%). Company raised quarterly dividend to $0.40 (14.29% increase) and raised FY2026 guidance to $7.75B+ revenue. Coach brand posted exceptional 25% revenue growth.
Apr 9Tapestry posts record Q2 results with 14% revenue growth and raises full-year guidancePositive▶
Tapestry Inc. delivered record quarterly results with $2.5 billion in revenue (up 14% YoY), raising full-year guidance to exceed $7.75 billion. Coach brand achieved 25% revenue growth while Stuart Weitzman divestiture completed, leaving the company focused on two core luxury brands with strong momentum.
Apr 8Tapestry reports record FY2026 Q2 with net sales $2.50B (+14% YoY) and EPS $2.68.Positive▶
Tapestry reported record fiscal Q2 with net sales $2.50B (+14% YoY), GAAP EPS $2.68. Raised FY26 guidance to >$7.75B revenue and $6.40-$6.45 EPS. JPM Buy; Jefferies downgrade to Hold.
Apr 7Tapestry adds Pinterest CTO to board; stock outperforms retail peers; CEO committed to kate spade turnaroundPositive▶
Tapestry appointed Matt Madrigal, Chief Technology Officer of Pinterest, to its Board effective April 6, 2026, expanding board to 11 members. Stock gained 13% YTD vs -3.2% average for retail peers. CEO Joanne Crevoiserat committed to fixing kate spade and has no plans to sell brand. Company pursuing $4B shareholder returns through FY2028 via dividends and buybacks. Analyst consensus is Buy with 22 major analysts covering stock; majority rate Buy/Strong Buy with price target $165-170 range. Completed Stuart Weitzman sale to Caleres; brand portfolio now Coach and kate spade new york.
Apr 6Tapestry reports strong Q2 with 3.7M new customers and raises FY2026 revenue outlook to $7.75B+Positive▶
Tapestry reported Q2 sales of $2.502 billion with net income of $561.3 million. The company added 3.7 million new customers with substantial Gen Z participation. Direct-to-consumer revenue increased 17% on pro forma basis (digital growth ~20%, brick-and-mortar mid-teens). Tapestry raised FY2026 revenue outlook to over $7.75 billion (~11% growth YoY). Dividend increased with quarterly cash dividend of $0.40 per share. Company expects to return $1.5 billion to shareholders through dividends and buybacks in FY2026 (vs. prior $1.3B).
Apr 3Tapestry beats FY2Q estimates with record results; raises outlook and completes Stuart Weitzman sale to Caleres.Positive▶
Tapestry reported strong fiscal Q2 2026 results, raising full-year guidance for the second consecutive time. The company completed the sale of Stuart Weitzman brand to Caleres. Tapestry's Amplify strategy includes $4B shareholder returns via dividends and repurchases, with a new $3B share repurchase authorization. J.P. Morgan added Buy rating, Bank of America raised target to $160.
Apr 2Tapestry reports strong Q2 results with $2.5B sales and Gen Z customer surge; analyst Buy ratings support stock growthPositive▶
Tapestry Inc. reported Q2 sales of $2.502 billion and net income of $561.3 million with direct-to-consumer revenue up 16% pro forma constant currency (mid-teens growth in Digital and brick-and-mortar). The company added 3.7 million new customers with substantial Gen Z adoption. Tapestry was recognized on TIME100 Most Influential Companies list. Stock price: $139.89 with recent high of $161.97 (Feb 26). J.P. Morgan: Buy with $160 target (from $150 at Bank of America). Wells Fargo maintains Buy; Jefferies assumed Hold from Buy.
Sector Peers
| Company | Price | Day | 1M | Fwd P/E | Beta | Mkt Cap |
|---|---|---|---|---|---|---|
| NKENIKE | $44.49 | +0.28% | +0.8% | 24.0x | 1.32 | $65.7B |
| TPRTAPESTRY | $142.79 | -1.55% | +0.9% | 20.1x | 1.61 | $29.7B |
| RLRALPH | $362.14 | +0.98% | +0.0% | 19.9x | 1.48 | $21.7B |
| LULULULULEMON | $133.82 | -2.82% | -11.8% | 10.4x | 1.07 | $16.2B |
| AMZNAMAZON.COM | $268.12 | +1.15% | +24.6% | 27.1x | 1.38 | $2.85T |
| TSLATESLA | $390.70 | +2.38% | +8.2% | 150.5x | 1.92 | $1.43T |
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