Jun 2026 (Q4 FY26) — Aug 13, 2026
Tapestry Q4 FY26 — Exceeds Commitments, Strong Growth & Shareholder Returns
Read the full callTapestry (TPR) earnings
- Jun 2026
- Jun 2026 (Q4 FY26)
- Jun 2026
Tapestry earnings: last reported Thu, 13 Aug 2026, for the quarter ended Jun 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 1,877 | +8.9% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 23.6 | +57.4 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 348 | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. The year-earlier figure was zero or a loss, so no percentage is shown. |
Guidance
What management said, and what became of it
43 of 49 judged targets kept · 37 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Full-year adjusted EPS | $5.30 to $5.45, representing 4% to 7% growth | Jun 2025 | increased earnings per share by 38% to $7.05 | Achieved |
| Full-year CapEx and cloud computing costs | in the area of $200 million | Jun 2025 | Adjusted free cash flow totaled $1.86 billion for the year, and CapEx and cloud computing costs were $217 million. | Missed |
| Kate Spade return to profitable growth | return to profitable growth in fiscal year 2027 | Sep 2025 | By brand, this guidance incorporates high single-digit growth at Coach and a high single-digit decline at Kate Spade. | Revised Down |
6 of TAPESTRY, INC.'s 86 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 83 more targets are in the full ledger.
Claimed
- Achieved FY26 revenue of $8 billion, growing 17% on a pro forma constant currency basis.
- Expanded operating margin by 340 basis points to over 23% for FY26.
- Increased FY26 EPS by 38% to $7.05.
- Welcomed 11 million new customers to brands in FY26, led by Gen Z.
- Returned $1.7 billion to shareholders in FY26, including $326 million in dividends and $1.35 billion in share repurchases.
Qualified
- Kate Spade's top line progress was more gradual than planned in FY26, with a high single-digit decline expected for FY27.
- Japan sales declined 4% in Q4 FY26 due to intentional pullback in promotions.
- Q4 FY26 EPS faced a headwind of more than $0.05 from a higher tax rate versus plan.
- Inventory levels were 4% below prior year at year-end, slightly below expectations due to a shift in receipt timing into Q1.
Price
$117.71 −2.06% · −$2.47
Performance +0.8% 1Y
1Y: $116.82 on 17 Oct 2025 → $117.71. High $164.78 (10 Aug 2026), low $98.81 (6 Nov 2025).
- Previous close
- $120.18
- 52-week range
- $98.81 – $164.78
- One year
- +1.18%
Overview
- Symbol
- TPR
- Sector
- Consumer Discretionary
- Exchange
- US
- Currency
- USD
Guidance
What management said, and what became of it
43 of 49 judged targets kept · 37 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Full-year adjusted EPS | $5.30 to $5.45, representing 4% to 7% growth | Jun 2025 | increased earnings per share by 38% to $7.05 | Achieved |
| Full-year CapEx and cloud computing costs | in the area of $200 million | Jun 2025 | Adjusted free cash flow totaled $1.86 billion for the year, and CapEx and cloud computing costs were $217 million. | Missed |
| Kate Spade return to profitable growth | return to profitable growth in fiscal year 2027 | Sep 2025 | By brand, this guidance incorporates high single-digit growth at Coach and a high single-digit decline at Kate Spade. | Revised Down |
Claimed
- Achieved FY26 revenue of $8 billion, growing 17% on a pro forma constant currency basis.
- Expanded operating margin by 340 basis points to over 23% for FY26.
- Increased FY26 EPS by 38% to $7.05.
- Welcomed 11 million new customers to brands in FY26, led by Gen Z.
- Returned $1.7 billion to shareholders in FY26, including $326 million in dividends and $1.35 billion in share repurchases.
Qualified
- Kate Spade's top line progress was more gradual than planned in FY26, with a high single-digit decline expected for FY27.
- Japan sales declined 4% in Q4 FY26 due to intentional pullback in promotions.
- Q4 FY26 EPS faced a headwind of more than $0.05 from a higher tax rate versus plan.
- Inventory levels were 4% below prior year at year-end, slightly below expectations due to a shift in receipt timing into Q1.
The full ledger
Open TAPESTRY, INC.’s full ledger
A free account opens 5 company ledgers a month. All 86 tracked commitments, with each call’s wording and source.
Call summaries
Mar 2026 (Q3 FY26) — May 7, 2026
Tapestry Q3 FY26 — Strong Outperformance Driven by Coach and New Customer Acquisition
Read the full callDec 2025 (Q2 FY26) — Feb 5, 2026
Tapestry Q2 FY26 — Strong Outperformance Drives Raised Full-Year Outlook
Read the full callEvery analysed call
Tapestry earnings calls (TPR)
Financials
What the filings say
Net profit, year on year: +167% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 1,508 | 2,195 | 1,585 | 1,723 | 1,705 | 2,502 | 1,921 | 1,877 |
| Operating profit | 252 | 493 | 254 | -583 | 328 | 716 | 428 | 442 |
| Operating margin | 16.7% | 22.4% | 16.0% | −33.9% | 19.3% | 28.6% | 22.3% | 23.6% |
| Profit before tax | 226 | 345 | 239 | -594 | 319 | 697 | 416 | 429 |
| Tax rate | 17.3% | 10.1% | 15.0% | 12.9% | 13.8% | 19.5% | 17.4% | 18.9% |
| Net profit | 187 | 310 | 203 | -517 | 275 | 561 | 344 | 348 |
| EPS ($ per share) | 0.81 | 1.41 | 0.98 | — | 1.32 | 2.75 | 1.70 | — |
| Line item | Jun 2019 | Jun 2020 | Jul 2021 | Jul 2022 | Jul 2023 | Jun 2024 | Jun 2025 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 3 | 3 | 3 | 2 | 2 | 2 | 2 | 2 |
| Reserves | 292 | -993 | -158 | -1,166 | -1,217 | -722 | -2,557 | -3,210 |
| Total liabilities | 3,364 | 5,648 | 5,123 | 4,980 | 4,839 | 10,499 | 5,723 | 6,000 |
| Fixed assets | 939 | 775 | 678 | 544 | 565 | 515 | 490 | 502 |
| Investments | 265 | 8 | 8 | 163 | 15 | 1,062 | 20 | 177 |
| Total assets | 6,877 | 7,924 | 8,382 | 7,265 | 7,117 | 13,396 | 6,581 | 6,692 |
| Line item | Jun 2019 | Jun 2020 | Jul 2021 | Jul 2022 | Jul 2023 | Jun 2024 | Jun 2025 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 792 | 407 | 1,324 | 853 | 975 | 1,256 | 1,217 | 1,979 |
| Cash from investing | -574 | 44 | -91 | -254 | 6 | -1,042 | 914 | -218 |
| Cash from financing | -486 | 6 | -666 | -1,778 | -1,036 | 5,214 | -7,175 | -1,861 |
| Net cash flow | -274 | 457 | 581 | -1,218 | -64 | 5,416 | -5,042 | -125 |
| Capital expenditure | -274 | -205 | -116 | -94 | -184 | -109 | -123 | -166 |
| Free cash flow | 518 | 202 | 1,208 | 759 | 791 | 1,147 | 1,094 | 1,813 |
TPR revenue by segment
Coach grew from 78% to 87% of revenue over the last two years.
| Segment | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | Q3 FY2026 | Q4 FY2026 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| Coach | 78% | 78% | 82% | 83% | 84% | 86% | 89% | 87% | +15.2% |
| Kate Spade Company | 19% | 19% | 15% | 15% | 15% | 14% | 11% | 13% | -6.9% |
| Stuart Weitzman | 4% | 3% | 3% | — | 1% | 0% | 0% | 0% | — |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
TPR operating KPIs by quarter
| KPI | Mar 2025 Q3 FY25 | Jun 2025 Q4 FY25 | Sep 2025 Q1 FY26 | Dec 2025 Q2 FY26 | Mar 2026 Q3 FY26 | Jun 2026 Q4 FY26 | Change vs prior quarter |
|---|---|---|---|---|---|---|---|
| New customers acquired Coach North America | <900KOverall, our holistic brand-building activities helped to drive increases in new customer acquisition as we welcome nearly 900,000 new customers to Coach in North America, of which nearly 70% were Gen Z and millennials.Source: earnings call transcript | 1M+This is evident in our strong customer acquisition results as we welcomed over 4.6 million new customers to Coach in North America this year with over 1 million new customers in the fourth quarter, of which nearly 70% were Gen Z and millennials.Source: earnings call transcript | — | — | — | — | — |
| New customers acquired Coach | — | — | 1.7M+This is evident in our strong customer acquisition results as we welcomed over 1.7 million new customers globally to Coach, a strong increase over prior year, led by Gen Z Our new and younger customers are transacting at higher AUR and have a higher retention rate than the balance of our client base.Source: earnings call transcript | 2.9MCustomer acquisition once again drove top line gains, welcoming 2.9 million new customers to the brand this quarter.Source: earnings call transcript | 2MCustomer acquisition once again drove our top line growth this quarter, with Coach welcoming 2 million new customers to the brand, a significant increase over the prior year.Source: earnings call transcript | 2M+We drove new customer acquisition around the world, welcoming over 2 million new consumers in the quarter and nearly 9 million for the full year.Source: earnings call transcript | — |
| New customers acquired | — | — | 2.2M+We built emotional connections with consumers, acquiring over 2.2 million new customers globally in the quarter, driven by Gen Z By connecting with consumers early in their journey, we're building lifetime value and reinforcing a competitive advantage, our ability to attract and retain new generations to our brands.Source: earnings call transcript | 3.7M+First, we built emotional connections with consumers, acquiring over 3.7 million new customers globally in the quarter, driven by a strategic focus on Gen Z This continues to be central to our healthy top line growth, as engaging consumers earlier in their purchase journey enhances repeat purchasing and lifetime value over time.Source: earnings call transcript | 2.4M+First, we built emotional connections with consumers acquiring over 2.4 million new customers globally in the quarter, driven by an increase in Gen Z This continues to be a key driver of our growth as engaging consumers earlier supports higher repeat purchasing and lifetime value.Source: earnings call transcript | — | — |
| New customers acquired kate spade | — | — | — | — | 400KThis is true across brand consideration, handbags performance and customer acquisition as we welcomed 400,000 new customers to kate spade in the quarter.Source: earnings call transcript | 450K+We welcomed over 450,000 new customers during the quarter and approximately 2 million for the full year, with these consumers transacting at higher AURs than the balance of the customer base, a foundational element of our strategy.Source: earnings call transcript | — |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Revenue by region
Q4 FY2026 · share of revenue
- North America 61% ↓ 2 pt
- Greater China 19% ↑ 3 pt
- Other Asia 11% ↓ 2 pt
- Non Us 9% ↑ 1 pt
As TPR cuts its regions in its filings; they can nest, so they need not add to 100%.
Insider filings
141 filings between Nov 13, 2025 and Sep 9, 2026.
Open market
decisions to buy or sellPurchases
None
No insider bought shares.
Sales
$48.44M
33 sales by 8 insiders
21% filed under a 10b5-1 plan — scheduled in advance, not decided on the day
Compensation
not trading decisions- 19
- Award — granted as compensation
- 30
- Option exercise — converted options into shares
- 54
- Tax withheld — shares kept back by the company to cover tax
Also filed: 5 gifts.
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Crevoiserat Joanne C. | — | $18.27M | Aug 19, 2026 |
| Kahn Todd | — | $12.85M | May 26, 2026 |
| Roe Scott A. | — | $8.73M | Feb 10, 2026 |
| Howard David E | — | $2.57M | Nov 18, 2025 |
| Kulikowsky Denise | — | $2.35M | Sep 9, 2026 |
| Greco Thomas | — | $2.20M | Feb 17, 2026 |
| Gates Anne | — | $999.3K | Feb 10, 2026 |
| Dadlani Manesh | — | $481.6K | Mar 3, 2026 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Sep 9, 2026 | Kulikowsky Denise Chief People Officer | Sale | 2,191 | $252.8K |
| Sep 9, 2026 | Kulikowsky Denise Chief People Officer | Option exercise | 6,910 | $280.4K |
| Sep 9, 2026 | Kulikowsky Denise Chief People Officer | Sale | 3,619 | $417.5K |
| Sep 9, 2026 | Kulikowsky Denise Chief People Officer | Tax withheld | 4,719 | $544.6K |
| Aug 21, 2026 | Kahn Todd CEO and Brand President, Coach | Tax withheld | 2,001 | $260.5K |
| Aug 21, 2026 | Dadlani Manesh VP, Controller and PAO | Tax withheld | 1,099 | $143.1K |
| Aug 21, 2026 | Kahn Todd CEO and Brand President, Coach | Tax withheld | 33,837 | $4.40M |
| Aug 21, 2026 | Howard David E Chief Legal Officer, Secretary | Tax withheld | 14,100 | $1.84M |
| Aug 21, 2026 | Crevoiserat Joanne C. Chief Executive Officer | Tax withheld | 8,112 | $1.06M |
| Aug 21, 2026 | Roe Scott A. CFO and COO | Tax withheld | 3,296 | $429.0K |
| Aug 21, 2026 | Roe Scott A. CFO and COO | Tax withheld | 45,819 | $5.96M |
| Aug 21, 2026 | Howard David E Chief Legal Officer, Secretary | Award | 27,619 | $933.8K |
| Aug 21, 2026 | Roe Scott A. CFO and COO | Award | 82,854 | $2.80M |
| Aug 21, 2026 | Kahn Todd CEO and Brand President, Coach | Tax withheld | 2,434 | $316.8K |
| Aug 21, 2026 | Crevoiserat Joanne C. Chief Executive Officer | Award | 220,940 | $7.47M |
| Aug 21, 2026 | Howard David E Chief Legal Officer, Secretary | Tax withheld | 1,601 | $208.4K |
| Aug 21, 2026 | Crevoiserat Joanne C. Chief Executive Officer | Tax withheld | 112,790 | $14.68M |
| Aug 21, 2026 | Howard David E Chief Legal Officer, Secretary | Tax withheld | 2,029 | $264.1K |
| Aug 21, 2026 | Roe Scott A. CFO and COO | Tax withheld | 2,817 | $366.7K |
| Aug 21, 2026 | Dadlani Manesh VP, Controller and PAO | Tax withheld | 976 | $127.0K |
| Aug 21, 2026 | Kahn Todd CEO and Brand President, Coach | Award | 66,282 | $2.24M |
| Aug 21, 2026 | Crevoiserat Joanne C. Chief Executive Officer | Tax withheld | 8,001 | $1.04M |
| Aug 19, 2026 | Kulikowsky Denise Chief People Officer | Tax withheld | 1,086 | $143.0K |
| Aug 19, 2026 | Kahn Todd CEO and Brand President, Coach | Tax withheld | 1,955 | $257.5K |
| Aug 19, 2026 | Howard David E Chief Legal Officer, Secretary | Tax withheld | 3,256 | $428.9K |
| Aug 19, 2026 | Crevoiserat Joanne C. Chief Executive Officer | Tax withheld 10b5-1 plan | 6,512 | $857.8K |
| Aug 19, 2026 | Crevoiserat Joanne C. Chief Executive Officer | Option exercise 10b5-1 plan | 30,291 | $479.5K |
| Aug 19, 2026 | Crevoiserat Joanne C. Chief Executive Officer | Tax withheld 10b5-1 plan | 17,250 | $2.29M |
| Aug 19, 2026 | Crevoiserat Joanne C. Chief Executive Officer | Option exercise 10b5-1 plan | 35,770 | $750.1K |
| Aug 19, 2026 | Roe Scott A. CFO and COO | Tax withheld | 2,646 | $348.5K |
| Aug 19, 2026 | Crevoiserat Joanne C. Chief Executive Officer | Sale 10b5-1 plan | 14,720 | $1.95M |
| Aug 19, 2026 | Crevoiserat Joanne C. Chief Executive Officer | Sale 10b5-1 plan | 13,041 | $1.73M |
| Aug 19, 2026 | Dadlani Manesh VP, Controller and PAO | Tax withheld | 882 | $116.2K |
| Aug 19, 2026 | Crevoiserat Joanne C. Chief Executive Officer | Tax withheld 10b5-1 plan | 21,050 | $2.79M |
| Aug 19, 2026 | Howard David E Chief Legal Officer, Secretary | Tax withheld | 1,628 | $214.4K |
| Aug 18, 2026 | Dadlani Manesh VP, Controller and PAO | Tax withheld | 282 | $37.3K |
| Aug 18, 2026 | Roe Scott A. CFO and COO | Tax withheld | 1,402 | $185.4K |
| Aug 18, 2026 | Kulikowsky Denise Chief People Officer | Tax withheld | 404 | $53.4K |
| Aug 18, 2026 | Howard David E Chief Legal Officer, Secretary | Tax withheld | 488 | $64.5K |
| Aug 18, 2026 | Kahn Todd CEO and Brand President, Coach | Tax withheld | 1,294 | $171.1K |
| Aug 18, 2026 | Crevoiserat Joanne C. Chief Executive Officer | Tax withheld | 3,557 | $470.4K |
| Aug 17, 2026 | Crevoiserat Joanne C. Chief Executive Officer | Award | 23,252 | $3.00M |
| Aug 17, 2026 | Dadlani Manesh VP, Controller and PAO | Award | 1,558 | $201.0K |
| Aug 17, 2026 | Roe Scott A. CFO and COO | Award | 7,751 | $1.00M |
| Aug 17, 2026 | Kulikowsky Denise Chief People Officer | Award | 2,713 | $350.0K |
| Aug 17, 2026 | Howard David E Chief Legal Officer, Secretary | Award | 3,100 | $400.0K |
| Aug 17, 2026 | Kahn Todd CEO and Brand President, Coach | Award | 11,626 | $1.50M |
| May 26, 2026 | Kahn Todd CEO and Brand President, Coach | Tax withheld | 37,729 | $5.28M |
| May 26, 2026 | Kahn Todd CEO and Brand President, Coach | Sale | 19,557 | $2.74M |
| May 26, 2026 | Kahn Todd CEO and Brand President, Coach | Option exercise | 57,286 | $2.42M |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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