Overview
- Tapestry, which reported results Thursday, beat fourth-quarter profit estimates with adjusted EPS of $1.32 and gross margins up 180 basis points to 78.1%.
- Full-year sales reached about $8 billion, a mid-teens percentage rise on a constant-currency basis, and net profit was roughly $1.5 billion.
- The company returned cash to shareholders by repurchasing about $1.35 billion to $1.4 billion of stock and raising its dividend.
- Coach was the main growth engine, drawing younger shoppers and strong gains in China, North America and Europe while Kate Spade’s revenue fell and is being restructured with SKU cuts, store closures and new creative leadership.
- Tapestry forecast fiscal 2027 revenue of about $8.4–$8.5 billion and EPS of $7.80–$7.90 and expects high-single-digit Q1 revenue growth, a backdrop that still leaves exposure to tariffs and broader macro uncertainty.