Tapestry Q3 revenue rises 21%, beats estimates

Tapestry

07/05/2026 11:54

Overview

U.S. accessories and lifestyle brand's fiscal Q3 revenue rose 21%, beating analyst expectations

Non-GAAP diluted EPS for fiscal Q3 rose 62% year-over-year

Outlook

Company expects fiscal 2026 operating margin of about 23%, above previous guidance for 21.8%

Result Drivers

COACH BRAND GROWTH - Coach brand revenue grew 31% year-over-year, leading overall company growth, driven by strong handbag sales and higher average unit retail prices

REGIONAL PERFORMANCE - Double-digit pro forma revenue growth in North America (+20%), Europe (+21%), and Greater China (+55%) contributed to overall company results

Company press release: ID:nBw1wnhfsa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Sales
Beat
$1.92 bln
$1.78 bln (15 Analysts)
Q3 EPS
$1.65
Q3 Net Income
$344 mln
Q3 Operating Margin
22.30%


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 15 "strong buy" or "buy", 9 "hold" and no "sell" or "strong sell"

Wall Street's median 12-month price target for Tapestry Inc is $165.00, about 10.9% above its May 6 closing price of $148.83

The stock recently traded at 21 times the next 12-month earnings vs. a P/E of 21 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)