TPR2026 Q4Consumer

1mo

The algorithm that we rolled out at our Investor Day, we're maintaining that algorithm for durable growth into the future.

Scott Roe

CFO, Tapestry, Inc.

Context

Joanne and Scott discussed the setup for fiscal 2027 and confidence in the durability of growth from the higher base achieved in fiscal 2026. Joanne opened by noting fiscal 2026 exceeded Investor Day commitments two years ahead of plan while strengthening the organization to bring Amplify strategy to life. In response to questions on demand durability and guidance cadence, Scott emphasized that the Investor Day algorithm is being maintained for durable growth into the future. Management linked this to capabilities such as data/decision intelligence/AI and improved profitability and cash generation that extend beyond any single quarter.

More from TPR Q4 2026

Tapestry, Inc.

TPR2026 Q4Consumer

1mo

Amplify strategy execution anchored by direct consumer relationships and data

Joanne described Amplify as a daily execution system delivering creativity, value, and relevance at scale across brands and consumers.
Management emphasized disciplined execution and a deep understanding of the consumer as a driver of competitive advantage.
Scott tied the differentiated financial model to direct-to-consumer relationships and data-driven decision-making that translate insights into demand creation at scale.
The leadership also connected improved profitability and cash generation to increased capacity to invest while maintaining shareholder returns.

Tapestry, Inc.

TPR2026 Q4Consumer

1mo

Financial Performance Summary

EPS increased 38% to $7.05 for fiscal 2026.
Fiscal 2026 results: revenue of $8.0B, up 17% on a pro forma constant currency basis.
Fiscal 2026 shareholder returns totaled $1.7B ($326M dividends and $1.35B share repurchases).
Fourth quarter gross margin was 78.1%, up 180 bps YoY, driven by operational improvement plus a $60 bps benefit from Stuart Weitzman divestiture, offset by tariff/duty headwinds.
Fourth quarter operating margin expanded 250 bps, driving operating income up 25%, and Q4 EPS was $1.32 (up 28% YoY).
Fourth quarter revenue increased 11% YoY on a pro forma constant currency basis.
Operating margin expanded 340 bps to over 23% for fiscal 2026.

Tapestry, Inc.

TPR2026 Q4Consumer

1mo

78.1% gross margin

Q4 gross margin reached 78.1% despite tariff and duty headwinds

Management reported Q4 gross margin of 78.1%, up 180 bps YoY, driven by operational improvements and a $60 bps divestiture benefit, which more than offset a tariff/duty headwind of approximately 60 bps.

More from TPR Q4 2026

Tapestry, Inc.

TPR2026 Q4Consumer

1mo

Amplify strategy execution anchored by direct consumer relationships and data

Joanne described Amplify as a daily execution system delivering creativity, value, and relevance at scale across brands and consumers.
Management emphasized disciplined execution and a deep understanding of the consumer as a driver of competitive advantage.
Scott tied the differentiated financial model to direct-to-consumer relationships and data-driven decision-making that translate insights into demand creation at scale.
The leadership also connected improved profitability and cash generation to increased capacity to invest while maintaining shareholder returns.

Tapestry, Inc.

TPR2026 Q4Consumer

1mo

Financial Performance Summary

EPS increased 38% to $7.05 for fiscal 2026.
Fiscal 2026 results: revenue of $8.0B, up 17% on a pro forma constant currency basis.
Fiscal 2026 shareholder returns totaled $1.7B ($326M dividends and $1.35B share repurchases).
Fourth quarter gross margin was 78.1%, up 180 bps YoY, driven by operational improvement plus a $60 bps benefit from Stuart Weitzman divestiture, offset by tariff/duty headwinds.
Fourth quarter operating margin expanded 250 bps, driving operating income up 25%, and Q4 EPS was $1.32 (up 28% YoY).
Fourth quarter revenue increased 11% YoY on a pro forma constant currency basis.
Operating margin expanded 340 bps to over 23% for fiscal 2026.

Tapestry, Inc.

TPR2026 Q4Consumer

1mo

78.1% gross margin

Q4 gross margin reached 78.1% despite tariff and duty headwinds

Tapestry, Inc. Earnings Quote from Scott Roe

More from TPR Q4 2026

Tapestry, Inc. 2026 Q4: Amplify strategy execution anchored by direct consumer relationships and data

Tapestry, Inc. 2026 Q4: Financial Performance summary

More from TPR Q4 2026

More from TPR Q4 2026

Tapestry, Inc. 2026 Q4: Amplify strategy execution anchored by direct consumer relationships and data

Tapestry, Inc. 2026 Q4: Financial Performance summary