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Tapestry’s $1.7 Billion Capital Return — A Powerful Signal Behind Fiscal 2027!

Tapestry reported fiscal 2026 results exceeding strategic commitments established two years earlier. Revenue reached $8 billion, representing 17% pro forma constant currency growth, while operating margin improved 340 basis points to more than 23%. Earnings per share increased 38% to $7.05. The company acquired 11 million new customers, largely Gen Z consumers, supporting luxury leather goods growth through higher average unit retail and increased units. Its direct-to-consumer model generated double-digit revenue growth with profitability across digital and physical stores. Coach delivered 14% constant currency revenue growth in Q4, supported by new customer acquisition, mid-teens handbag AUR growth, and unit volumes roughly flat year-over-year. North America, Europe, and Greater China all generated double-digit growth, aided by initiatives including the One Coach strategy combining retail and outlet channels. Footwear also expanded significantly, led by sneaker collections appealing to younger consumers.