Tapestry Q4 profit beats on growth in Coach brand, customers

Tapestry

13/08/2026 11:59

Overview
U.S. accessories brand's fiscal Q4 revenue rose 9%, meeting analyst expectations
Adjusted EPS for fiscal Q4 beat consensus
Company approved 16% dividend increase

Outlook
Tapestry sees fiscal 2027 revenue of $8.4 bln to $8.5 bln, mid-single-digit growth
Company expects fiscal 2027 EPS of $7.80 to $7.90, low-double-digit growth
Tapestry expects Q1 2027 revenue growth of high-single-digits and EPS of about $1.55

Result Drivers
COACH BRAND GROWTH - Coach brand revenue grew 15% in Q4, driven by handbag sales and higher average unit prices
NEW CUSTOMER ACQUISITION - Co added over 2.5 mln new customers in Q4, with about 35% Gen Z, and increased engagement among existing customers
OPERATIONAL IMPROVEMENTS - Gross margin expanded by 180 bps in Q4, mainly due to operational improvements and the divestiture of Stuart Weitzman

Company press release: ID:nBw9WLJNCa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Sales
Meet
$1.88 bln
$1.88 bln (15 Analysts)
Q4 Adjusted EPS
Beat
$1.32
$1.28 (16 Analysts)
Q4 EPS
 
$1.68
 
Q4 Net Income
 
$347.80 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 17 "strong buy" or "buy", 7 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the apparel & accessories retailers peer group is "buy"
Wall Street's median 12-month price target for Tapestry, Inc. is $167.00, about 8.6% above its August 12 closing price of $153.74
The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 20 three months ago

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(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.)