Tapestry said net sales for September 27, 2025 ended Q1 totaled $1,704.6 million, up 13% versus $1,507.5 million in the prior year (12% on a constant currency basis). Excluding Stuart Weitzman, pro forma net sales grew 16%, with Coach up 22% and Kate Spade down 8%.

1. 01

   Tapestry said net sales for September 27, 2025 ended Q1 totaled $1,704.6 million, up 13% versus $1,507.5 million in the prior year (12% on a constant currency basis). Excluding Stuart Weitzman, pro forma net sales grew 16%, with Coach up 22% and Kate Spade down 8%.

2. 02

   The company said GAAP operating income for Q1 was $328.2 million (operating margin of 19.3%) and diluted earnings per share was $1.28. In the prior year period, operating income was $252.0 million (16.7%) and diluted earnings per share was $0.79.

3. 03

   Tapestry said it repurchased over 4.7 million shares for $500 million at an average cost of approximately $106 per share during Q1. Operating cash flow was an inflow of $113 million and adjusted free cash flow was an inflow of $103 million.

4. 04

   The company said it expects fiscal 2026 revenue of approximately $7.3 billion, earnings per share of $5.45 to $5.60, and adjusted free cash flow of $1.3 billion. Prior guidance was for revenue approaching $7.2 billion and earnings per share of $5.30 to $5.45.

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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

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