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Companies / Tapestry / Filing

Tapestry — May 7, 2026 release

Fiscal 2026 third-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001140361-26-019428
Open on SEC.gov ↗
Showing in the filing
Return to shareholders
“$1.6 billion”
Period
FY2026
Measure
Company-defined measure
Source
Prose
All guidance in this release · 19
Return to shareholders for FY2026
“$1.6 billion”
Total return to shareholders (dividends and … for FY2026
“$1.6 billion”
EPS growth versus prior year for FY2026
“over 35%”
Quarterly cash dividend for Q4 FY2026
“$0.40 per common share”
Annual dividend per share for FY2026
“$1.60 per share”
Share repurchases for FY2026
“approximately $1.3 billion”
Revenue growth versus prior year (reported, … for FY2026
“approximately 14%”
Revenue growth versus prior year (reported, … for FY2026
“13%”
Pro forma revenue growth (nominal) for FY2026
“approximately 17%”
Pro forma revenue growth (constant currency) for FY2026
“16%”
Foreign currency impact on topline for FY2026
“80-basis point benefit”
Operating margin for FY2026
“approximately 23%”
Operating margin expansion versus prior year for FY2026
“approximately 300 basis points”
Tariff and duty headwind on margin for FY2026
“approximately 120 basis points”
Net interest expense for FY2026
“approximately $60 million”
Tax rate for FY2026
“approximately 17.5%”
Weighted average diluted share count for FY2026
“approximately 210 million”
Earnings per diluted share for FY2026
“in the area of $6.95”
Adjusted free cash flow for FY2026
“approaching $1.6 billion”
Exhibit 99.1 · the passage around this item
… earlier in the release
REPORTS FISCAL 2026 THIRD QUARTER RESULTS AND RAISES FULL YEAR OUTLOOK Achieved Double-Digit Revenue, Operating Profit, and EPS Growth, Exceeding Expectations • Delivered Revenue of $1.9 Billion, an Increase of 21% Versus Prior Year (+19% Constant Currency) • Achieved Pro Forma Revenue Growth of 25% (+23% Constant Currency) Led by a 31% (+29% Constant Currency) Gain at the Coach Brand • Drove Operating Margin Expansion of 630 Basis Points on a GAAP Basis and 490 Basis Points on a Non-GAAP Basis Fueled by a Gross Margin Increase and SG&A Leverage • Achieved GAAP Diluted EPS of $1.65, up 74% Versus Prior Year, and Non-GAAP Diluted EPS of $1.66, an Increase of 62% Versus Prior Year • On Track to Return $1.6 Billion to Shareholders in Fiscal Year 2026, an Increase Versus Prior Guidance,   Driven by Strong Balance Sheet and Robust Cash Flow Generation • Raises Fiscal Year 2026 Revenue, Operating Margin, EPS and Cash Flow Outlook Link   to Download Tapestry’s Q3 Earnings Presentation, Including Brand Highlights New York , May 7, 2026 – Tapestry, Inc. (NYSE: TPR), a house of iconic accessories and lifestyle brands, consisting of Coach and kate spade new york, today reported results for the fiscal third quarter ended March 28, 2026. 10 HUDSON YARDS, NEW YORK, NY 10001 TELEPHONE 212 594 1850 FAX 212 594 1682 WWW.TAPESTRY.COM Joanne Crevoiserat, Chief Executive Officer of Tapestry, Inc., commented: “Our third quarter outperformance reflects the compounding benefits of our Amplify strategy, as we bring creativity, craftsmanship, and value to more consumers around the world.   With disciplined execution and the consumer at the center of everything we do, we are translating insights into action at scale , fueling meaningful growth, expanding margins, and enduring brand desire.  From this position of strength, we move confide
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.