The company said that in fiscal 2026, Q3 net sales rose 21.2%, or $336.0 million, to $1.92 billion. Coach net sales increased 31.5% to $1.70 billion, while Kate Spade net sales decreased 10.3% to $219.6 million.

1. 01

   The company said that in fiscal 2026, Q3 net sales rose 21.2%, or $336.0 million, to $1.92 billion. Coach net sales increased 31.5% to $1.70 billion, while Kate Spade net sales decreased 10.3% to $219.6 million.

2. 02

   Tapestry said operating income for Q3 increased $173.8 million to $427.5 million, with an operating margin of 22.3%. Operating income for the same period last year was $253.7 million, with an operating margin of 16.0%. It said net income for Q3 was $343.8 million, and diluted earnings per share were $1.65.

3. 03

   The company said that gross margin was negatively impacted by approximately 180 basis points and 150 basis points in the 3 and 9 months ended March 28, 2026, respectively, due to changes in the tariff environment. It said it paid approximately $115 million in IEEPA tariffs but did not record a receivable for potential refunds.

4. 04

   Tapestry said it used $1.49 billion of cash in financing activities in the first 9 months of fiscal 2026, primarily for share repurchases of $1.25 billion. It said net cash provided by operating activities for the same period increased $686.5 million from the prior-year period.

Key figures

Quarter ended March 28, 2026

Revenue

$1.9B

Operating income

$428M

Net income

$344M

EPS

$1.65

Gross profit

$1.5B

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.