Overview
- Tapestry lifted its fiscal 2026 outlook to about $7.95 billion in revenue and $6.95 in earnings per share.
- The higher forecast followed a stronger-than-expected third quarter, with revenue of $1.92 billion and adjusted profit of $1.66 per share.
- Coach powered the gains as sales rose 29% in constant currencies to $1.7 billion, helped by Gen Z demand for Tabby handbags and other leather goods.
- Kate Spade lagged the portfolio with constant-currency sales down 11% to $219.6 million.
- Regional results showed resilience with Europe up 31% on a reported basis and North America up 20%, even as some luxury peers reported weakness in the Middle East.