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06.11.25 - 12:48
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Tapestry, Inc. Reports Fiscal 2026 First Quarter Results and Raises Full Year Outlook (Business Wire)
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Achieved Record First Quarter Revenue and EPS with Growth Exceeding Expectations
Delivered Revenue of $1.7 Billion, an Increase of 13% Versus Prior Year (+12% Constant Currency)
Achieved Pro Forma Revenue Growth of 16% Led by a 22% (+21% Constant Currency) Gain at the Coach Brand
Drove Operating Margin Expansion of 260 Basis Points on a GAAP Basis and 200 Basis Points on a Non-GAAP Basis Fueled by a Gross Margin Increase and SG&A Leverage
Achieved GAAP Diluted EPS of $1.28, up 61% Versus Prior Year, and Non-GAAP Diluted EPS of $1.38, an Increase of 35% Versus Prior Year
Expect to Return $1.3 Billion to Shareholders in Fiscal Year 2026 Driven by Strong Balance Sheet and Robust Cash Flow Generation
Raises Fiscal Year 2026 Revenue and Earnings Outlook
Link to Download Tapestry's Q1 Earnings Presentation, Including Brand Highlights
NEW YORK--(BUSINESS WIRE)--Tapestry, Inc. (NYSE: TPR), a house of iconic accessories and lifestyle brands, today reported results for the fiscal first quarter ended September 27, ...
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