Tapestry — May 7, 2026 release
Fiscal 2026 third-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001140361-26-019428
Showing in the filing
EPS growth versus prior year
“over 35%”
Period
FY2026
Measure
GAAP-tied
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
3
Highlights from the fiscal third quarter included:
•
Acquired over 2.4 million new customers globally , led by a growing number of Gen Z consumers versus prior year, which represented over 35% of new customers; further, demand from existing customers also
increased, demonstrating broad-based traction and an ability to consistently attract and retain new generations of consumers in a large TAM;
•
Accelerated growth in core leathergoods offering, led by strong handbag revenue gains at Coach,
where handbag units rose more than 20% and AUR increased at a low-double-digit rate ; this reflects healthy and diversified drivers of growth as well as the craftsmanship and value offered to
consumers at scale – a fundamental strength of the business;
•
Drove double-digit growth across key markets, outperforming expectations , highlighted by pro forma constant currency gains in North America (+20%), Europe (+21%), and total APAC (+30%), including Greater China (+55%); delivered
Coach brand growth of 29% in constant currency ;
•
Increased total direct-to-consumer revenue by 23% on a pro forma constant currency basis, led by strong digital growth of approximately 25% and over 20% growth in global brick and mortar sales with increasing profitability across channels, showcasing the power of Tapestry’s data
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.