Revenue Growth
TPR achieved a 21.2% increase in revenue, reaching $1.92 billion, driven by strong sales across key markets.
Source: 10-Q Income Statement
Computed from published fixed rules, not a model's judgement — though one input, the count of high-severity risks, comes from the AI analysis below.
Not investment advice and not a price target: it scores the quarter's fundamentals, not the stock. Full methodology →
AI Takeaway
TPR reported strong financial performance in Q3 FY2026 with significant increases in revenue, net income, and EPS, driven by effective cost management and operational efficiency.
Revenue
$1.92B
+21.20% YoY
EPS (Diluted)
$1.65
+73.68% YoY
Gross Margin
76.9%
+0.8 pts YoY
Operating Income
$427.5M
+68.51% YoY
Source: SEC XBRL
Tapestry (TPR) reported Q3 FY2026 revenue of $1.92B, up 21.2% year over year. Operating margin was 22.3%, up 6.3 points from 16.0% a year earlier. TPR's fiscal Q3 FY2026 corresponds to calendar Q1 2026.
Last 4 quarters: 4 beats
| Quarter | Actual EPS (USD) | Consensus (USD) | Result |
|---|---|---|---|
| Jun 2026 | 1.32 | 1.30 | Beat +1.8% |
| Mar 2026This filing | 1.66 | 1.32 | Beat +26.0% |
| Dec 2025 | 2.69 | 2.25 | Beat +19.8% |
| Sep 2025 | 1.38 | 1.28 | Beat +8.0% |
Adjusted (non-GAAP) EPS of $1.66 versus the $1.32 analyst consensus — a +26.0% beat for Mar 2026. Analyst consensus is quoted on the adjusted (non-GAAP) basis the street uses. GAAP diluted EPS for this quarter was $1.65.
Compiled by AI from this SEC filing
TPR achieved a 21.2% increase in revenue, reaching $1.92 billion, driven by strong sales across key markets.
Source: 10-Q Income Statement
Operating income surged by 68.5% to $427.5 million, reflecting improved operational efficiencies and cost management.
Source: 10-Q Income Statement
Operating cash flow increased by 89.2% year-to-date, highlighting robust cash generation capabilities.
Source: 10-Q Cash Flow Statement
Compiled by AI from this SEC filing · 1 high, 2 medium, 0 low
TPR's debt to equity ratio is 8.48, indicating high leverage which could pose financial risks if market conditions deteriorate.
Source: 10-Q Key Ratios
Total assets decreased by 11.5% year-over-year, potentially impacting the company's ability to leverage its asset base for growth.
Source: 10-Q Balance Sheet
Stockholders' equity dropped by 54.3%, which could affect investor confidence and the company's financial flexibility.
Source: 10-Q Balance Sheet
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Revenue $B | 1.92 $B | 1.58 $B | +21.20% |
Cost of Revenue $M | 444.10 $M | 378.80 $M | +17.24% |
Gross Profit $B | 1.48 $B | 1.21 $B | +22.45% |
Operating Income $M | 427.50 $M | 253.70 $M | +68.51% |
Net Income $M | 343.80 $M | 203.30 $M | +69.11% |
EPS (Basic) $ | 1.70 $ | 0.98 $ | +73.47% |
EPS (Diluted) $ | 1.65 $ | 0.95 $ | +73.68% |
SG&A Expense $B | 1.05 $B | 0.95 $B | +10.18% |
Answers draw on this SEC filing and the data on this page
Tapestry's fiscal 2026 results were driven by Coach's strong direct-to-consumer growth and a completed Stuart Weitzman divestiture, but Kate Spade remained unprofitable on a GAAP basis despite improved comparisons.
TPR reported strong financial performance in Q2 FY2026 with significant increases in revenue, net income, and EPS, driven by improved operating efficiency and cost management.
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