Tapestry, Inc. (TPR) reported its fiscal third quarter results for 2026 on May 7, exceeding the Zacks Consensus Estimate by $0.35, with earnings of $1.66 compared to a consensus of $1.31. This marked the company’s eleventh consecutive earnings beat, with net sales rising 21% year-over-year to $1.92 billion.
Key growth drivers included a 55% sales increase in Greater China and a 20% boost in North America, alongside a strong performance in handbag sales at Coach, which saw unit sales rise over 20%. Tapestry also acquired over 2.4 million new customers globally in the quarter, significantly led by GenZ, who represented over 35% of new customers.
Following this robust performance, Tapestry raised its full-year revenue guidance to approximately $7.95 billion, up 14%, and increased earnings expectations to $6.95 per share, up from previous estimates of $6.40–$6.45. The company is dedicated to returning $1.6 billion to shareholders, including a share buyback program of $1.3 billion.
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