Tapestry Inc

TPR: XNYS (USA)

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Tapestry Earnings: Superior Results Highlight Coach's Brand Value; Shares Overvalued

David Swartz

Nov 6, 2025

Led by 22% sales growth from Coach (84% of total sales), Tapestry's fiscal 2026 first-quarter sales rose 13%. Adjusted gross margin rose 120 basis points to 76.5% and operating margin rose 200 basis points to 20.9%, despite a 70-basis-point gross margin reduction due to higher US tariffs.

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Tapestry Inc

Tapestry Earnings: Superior Results Highlight Coach's Brand Value; Shares Overvalued

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