Description

Tapestry’s Coach Powerhouse: 29% Growth Puts The Brand In Focus!

Tapestry, Inc. reported a third quarter marked by significant outperformance and raised fiscal year 2026 guidance. The company achieved 23% revenue growth on a pro forma, constant currency basis, driven notably by the strength of the Coach brand, which posted a 29% constant currency revenue increase with expanding profitability. Operating margin expanded by 490 basis points, and earnings per share grew 62% compared with the prior year, reflecting strong operational leverage and disciplined reinvestment in growth initiatives. Coach contributed substantially to these gains, driven by an acquisition of two million new customers in the quarter, with an emphasis on Gen Z consumers exhibiting higher retention rates. The brand’s core leather goods segment showed unit volume growth exceeding 20% and a low double-digit increase in average unit retail price, accompanied by strong geographic expansion across North America, Greater China, and Europe.