Tapestry, the father or mother firm of the Coach and Kate Spade manufacturers, has reported income of $1.7bn for the primary quarter (Q1) of the fiscal 12 months 2026 (FY26), up 13% year-on-year on a reported foundation and 12% at fixed alternate charges.
Excluding the impression of the Stuart Weitzman model, which it bought in August 2025, professional forma income was $1.69bn, reflecting development of 16% nominally and at fixed forex.
For the quarter ended 27 September 2025, web revenue reached $275m, in contrast with $187m a 12 months earlier.
Earnings per diluted share have been $1.28, versus $0.79 in the identical interval of the earlier 12 months.
Gross revenue for the quarter was $1.3bn, with a gross margin of 76.3%, up from $1.13bn and 75.3% a 12 months earlier than.
Working revenue got here in at $328m, delivering a margin of 19.3%, in contrast with working revenue of $252m and a 16.7% margin within the comparable interval of 2024.
The corporate added greater than 2.2 million new prospects worldwide through the quarter, with Gen Z accounting for round 35% of those additions.
Tapestry raised its full-year FY26 steering. It now initiatives income of $7.3bn, implying 4% to five% development year-on-year on a reported foundation. Excluding Stuart Weitzman, professional forma income development is predicted at between 7% and eight% nominal.
The corporate anticipates working margin growth of round 50 foundation factors versus 2024, and forecasts diluted earnings per share of $5.45 to $5.60, representing 7% to 10% development – above its earlier outlook of $5.30 to $5.45.
The corporate declared a quarterly money dividend of $0.40 per share and continues to count on a complete FY26 dividend of $1.60 per share.
Share repurchases at the moment are anticipated to complete about $1bn in FY26, up from an earlier plan of $800m.
Within the first quarter, Tapestry purchased again greater than 4.7 million shares for $500m at a mean value of $106 per share.
Joanne Crevoiserat, CEO of Tapestry, acknowledged: “Our first quarter outperformance marked a robust begin to this subsequent chapter. By way of centered execution of our methods, we introduced creativity and craftsmanship to our prospects world wide, attaining income and earnings will increase forward of expectations.
“From this place of energy, we’re elevating our full 12 months outlook, reinforcing that our benefits are structural and sustainable.”
“Tapestry lifts outlook as Q1 FY26 gross sales rise 13% to $1.7bn ” was initially created and printed by Retail Perception Community, a GlobalData owned model.
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