Tapestry has reported strong fiscal third-quarter results for 2026, delivering double-digit growth in revenue, operating profit and earnings while exceeding expectations and raising its full-year outlook. The company also increased its planned shareholder returns, supported by strong cash generation and a solid balance sheet.
The company reported Q3 net sales of US$1.92 billion, up 21% year-on-year (19% in constant currency), or US$1.92 billion on a pro forma basis excluding Stuart Weitzman, representing 25% growth.
Coach led performance with third-quarter revenue of US$1.70 billion, a 31% increase on a reported basis (29% in constant currency). Kate Spade posted sales of US$219.6 million, down 10% year-on-year (11% in constant currency). Pro forma net sales excluding Stuart Weitzman reached US$1.92 billion, up 25% versus the prior-year quarter. Regionally, North America delivered sales of US$1.10 billion, up 20%, while Greater China surged 61% to US$432.2 million (55% in constant currency). Japan declined 10% to US$123.9 million, Other Asia rose 24% to US$116.3 million, Europe increased 31% to US$118.6 million, and Other declined 3% to US$27.9 million.
Backed by strong cash generation and a robust balance sheet, Tapestry now expects to return approximately US$1.6 billion to shareholders in fiscal 2026 through dividends and share repurchases, up from prior guidance of US$1.5 billion. The company raised its full-year outlook and now expects revenue of around US$7.95 billion, representing approximately 14% reported growth (17% on a pro forma basis excluding Stuart Weitzman), operating margin of around 23%, and non-GAAP diluted EPS of around US$6.95, implying earnings growth of more than 35% year-on-year.
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