Analyst Consensus ?
ConsensusBuy40 ratings
Bullish2972.5%
Neutral1127.5%
Bearish00.0%
Tapestry, Inc. · TPR · FY2026 Q1 · Calendar Q4 2025
Tapestry raises FY2026 outlook as Coach drives strong first-quarter growth
The quarter supports a constructive but conditional view of Tapestry's growth trajectory: strong Coach execution, customer acquisition, higher average unit prices and raised guidance provide evidence of resilient demand, while tariffs, currency, holiday execution and Kate Spade profitability limit confidence in how durable the improvement will be.
Reported Before market openNYSEConsumer Cyclical
$24.10B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$1.38
Consensus $1.26
EPS surprise
+9.5%
Reported versus consensus
Reported revenue
$1.70B
Consensus $1.64B
Revenue surprise
+4.0%
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
-9.6%
Event window
SPY move
-1.1%
Same window
Abnormal move
-8.5%
Stock minus SPY
Volume
3.2×
Versus trailing sessions
Subsequent drift
+17.7%
Up to 20 sessions
TPRSPY benchmark
Ask FN2 about TPR FY2026 Q1
Transcript, numbers and history already loaded
Why did TPR fall 9.6% after beating EPS estimates in FY2026 Q1?What changed in TPR's guidance and outlook in FY2026 Q1?Give me the bull and bear case for TPR after FY2026 Q1 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Versus the prior-quarter analysis, management reported a stronger first quarter and raised FY2026 guidance. The updated analysis adds 21% Coach revenue growth, more than 2.2 million new global customers, two planned Coach coffee shops and a 70-basis-point margin benefit from the Stuart Weitzman divestiture offset by a 70-basis-point tariff impact.
Guidance delta
Management raised FY2026 guidance to approximately $7.3 billion of revenue, $5.45–$5.60 of EPS and about 50 basis points of operating-margin expansion.
Key takeaways
- Q1 pro-forma revenue grew 16% year over year, EPS increased 35%, and operating margin expanded 200 basis points.
- Coach revenue increased 21%, with double-digit gains across North America, China and Europe.
- Management cited Gen Z customer acquisition, higher average unit prices, product innovation and international expansion as growth drivers.
- Tariff, duty and currency headwinds remain important constraints, while Kate Spade discounting and holiday demand are key watchpoints.
Management priorities
- Build Coach momentum through new product collections, seasonal marketing and additional categories.
- Expand experiential retail through additional Coach coffee shops and the One Coach outlet strategy.
- Open approximately 100 new stores globally over the next three years, including smaller formats.
- Continue data-driven merchandising, direct-to-consumer growth and international expansion.
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Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$119.24Current
$39Low
$126.47Average
$232High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 2, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| Wells Fargo | Overweight | Overweight | Maintain | Aug 14, 2026 |
| UBS | Buy | Buy | Maintain | Aug 14, 2026 |
| Morgan Stanley | Overweight | Overweight | Maintain | Aug 14, 2026 |
| Evercore ISI Group | Outperform | Outperform | Maintain | Aug 14, 2026 |
| BTIG | Buy | Buy | Maintain | Aug 14, 2026 |
| Bernstein | Market Perform | Market Perform | Maintain | Aug 14, 2026 |
| Barclays | Overweight | Overweight | Maintain | Aug 14, 2026 |
| Telsey Advisory Group | Outperform | Outperform | Maintain | Aug 6, 2026 |
| JP Morgan | Overweight | Overweight | Maintain | Aug 4, 2026 |
| Citigroup | Buy | Buy | Maintain | Apr 29, 2026 |
| Baird | Outperform | Outperform | Maintain | Apr 29, 2026 |
| Goldman Sachs | Buy | Buy | Maintain | Jan 30, 2026 |
| Jefferies | Hold | Buy | Downgrade | Jan 14, 2026 |
| Raymond James | Outperform | Outperform | Maintain | Oct 21, 2025 |
| B of A Securities | Hold | Buy | Downgrade | Jul 29, 2025 |
| Argus Research | Buy | Buy | Maintain | Jun 17, 2025 |
| Redburn Atlantic | Buy | Neutral | Upgrade | Feb 18, 2025 |
| Guggenheim | Buy | Buy | Maintain | Feb 7, 2025 |
| BMO Capital | Market Perform | Market Perform | Maintain | Nov 18, 2024 |
| TD Cowen | Hold | Buy | Downgrade | Oct 29, 2024 |
| OTR Global | Mixed | Positive | Downgrade | Apr 17, 2024 |
| Edward Jones | Hold | Buy | Downgrade | Aug 11, 2023 |
| Credit Suisse | Outperform | Outperform | Maintain | Feb 10, 2023 |
| Cowen & Co. | Outperform | Outperform | Maintain | Aug 19, 2022 |
| Piper Sandler | Overweight | Overweight | Maintain | Nov 12, 2021 |
| KeyBanc | Overweight | Overweight | Maintain | Feb 9, 2021 |
| Needham | Buy | Buy | Maintain | Feb 5, 2021 |
| HSBC | Buy | Buy | Maintain | Oct 15, 2020 |
| Deutsche Bank | Buy | Hold | Upgrade | Sep 16, 2020 |
| MKM Partners | Neutral | Neutral | Maintain | Aug 19, 2020 |
| CFRA | Buy | Buy | Maintain | Apr 30, 2020 |
| Piper Jaffray | Neutral | Overweight | Downgrade | Aug 16, 2019 |
| Oppenheimer | Perform | Outperform | Downgrade | Aug 16, 2019 |
| Wolfe Research | Outperform | Peer Perform | Upgrade | Jan 25, 2019 |
| Atlantic Equities | Overweight | Neutral | Upgrade | Nov 14, 2018 |
| Canaccord Genuity | Buy | Buy | Maintain | Oct 31, 2018 |
| Buckingham Research | Buy | Buy | Maintain | Oct 31, 2018 |
| Buckingham | Buy | Buy | Maintain | Oct 31, 2018 |
| Loop Capital | Hold | Buy | Downgrade | Oct 15, 2018 |
| Bank of America | Buy | Buy | Maintain | Aug 15, 2018 |
Named analyst price targets
Upside is calculated against the persisted current price $119.24. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Daiwa | Analyst unavailable | $140 | $129.02 | +17.4% | Aug 18, 2026 |
| Morgan Stanley | Analyst unavailable | $159 | $128.83 | +33.3% | Aug 14, 2026 |
| Bernstein | Analyst unavailable | $185 | $128.39 | +55.1% | Aug 14, 2026 |
| UBS | Jay Sole | $232 | $128.39 | +94.6% | Aug 14, 2026 |
| Barclays | Analyst unavailable | $185 | $128.39 | +55.1% | Aug 14, 2026 |
| Wells Fargo | Ike Boruchow | $160 | $128.39 | +34.2% | Aug 13, 2026 |
| Telsey Advisory | Dana Telsey | $175 | $160.86 | +46.8% | Aug 6, 2026 |
| Barclays | Analyst unavailable | $182 | $140.26 | +52.6% | Jul 16, 2026 |
| Morgan Stanley | Alex Straton | $164 | $144.12 | +37.5% | Jul 6, 2026 |
| UBS | Jay Sole | $230 | $149.2 | +92.9% | Jun 23, 2026 |
| Bernstein | Aneesha Sherman | $180 | $139.34 | +51.0% | Jun 2, 2026 |
| Evercore ISI | Analyst unavailable | $175 | $136.54 | +46.8% | May 8, 2026 |
| UBS | Analyst unavailable | $187 | $130.52 | +56.8% | May 8, 2026 |
| Robert W. Baird | Analyst unavailable | $165 | $143.84 | +38.4% | Apr 29, 2026 |
| BTIG | Analyst unavailable | $180 | $146.45 | +51.0% | Apr 24, 2026 |
| UBS | Analyst unavailable | $142 | $148.86 | +19.1% | Apr 23, 2026 |
| Raymond James | Analyst unavailable | $165 | $146.18 | +38.4% | Apr 23, 2026 |
| Argus Research | Kristina Ruggeri | $165 | $145.42 | +38.4% | Mar 12, 2026 |
| BNP Paribas | Analyst unavailable | $176 | $152.66 | +47.6% | Feb 13, 2026 |
| UBS | Analyst unavailable | $141 | $153.28 | +18.2% | Feb 9, 2026 |
| BTIG | Analyst unavailable | $175 | $152.1 | +46.8% | Feb 8, 2026 |
| Robert W. Baird | Analyst unavailable | $160 | $149.48 | +34.2% | Feb 6, 2026 |
| Goldman Sachs | Brooke Roach | $166 | $150.48 | +39.2% | Feb 6, 2026 |
| Bernstein | Analyst unavailable | $170 | $150.48 | +42.6% | Feb 6, 2026 |
| Wells Fargo | Analyst unavailable | $165 | $143.19 | +38.4% | Feb 6, 2026 |
| Barclays | Adrienne Yih | $179 | $143.19 | +50.1% | Feb 6, 2026 |
| Evercore ISI | Michael Binetti | $150 | $128.49 | +25.8% | Feb 3, 2026 |
| Goldman Sachs | Brooke Roach | $146 | $127.33 | +22.4% | Jan 30, 2026 |
| Jefferies | Analyst unavailable | $138 | $134.38 | +15.7% | Jan 14, 2026 |
| Barclays | Adrienne Yih | $155 | $134.35 | +30.0% | Jan 12, 2026 |
| UBS | Jay Sole | $123 | $130.97 | +3.2% | Jan 8, 2026 |
| Bernstein | Analyst unavailable | $150 | $131.62 | +25.8% | Jan 6, 2026 |
| Barclays | Adrienne Yih | $154 | $128.53 | +29.2% | Jan 6, 2026 |
| Telsey Advisory | Analyst unavailable | $150 | $122.56 | +25.8% | Dec 17, 2025 |
| Robert W. Baird | Mark Altschwager | $140 | $123.1 | +17.4% | Dec 17, 2025 |
| Jefferies | Ashley Helgans | $142 | $123.52 | +19.1% | Dec 12, 2025 |
| Bernstein | Aneesha Sherman | $115 | $103.24 | -3.6% | Nov 7, 2025 |
| Evercore ISI | Analyst unavailable | $129 | $107.2 | +8.2% | Nov 3, 2025 |
| Robert W. Baird | Analyst unavailable | $130 | $113.11 | +9.0% | Oct 29, 2025 |
| Wells Fargo | Analyst unavailable | $135 | $114.71 | +13.2% | Oct 27, 2025 |
| Jefferies | Ashley Helgans | $135 | $115.34 | +13.2% | Oct 23, 2025 |
| Raymond James | Analyst unavailable | $130 | $117.36 | +9.0% | Oct 21, 2025 |
| BTIG | Analyst unavailable | $140 | $116.26 | +17.4% | Oct 14, 2025 |
| Bernstein | Aneesha Sherman | $112 | $97.6 | -6.1% | Aug 15, 2025 |
| Goldman Sachs | Analyst unavailable | $84 | $64.92 | -29.6% | Apr 22, 2025 |
| Telsey Advisory | Dana Telsey | $83 | $73.53 | -30.4% | Feb 3, 2025 |
| UBS | Jay Sole | $70 | $67.15 | -41.3% | Jan 10, 2025 |
| Bernstein | Aneesha Sherman | $78 | $67.36 | -34.6% | Jan 7, 2025 |
| Jefferies | Ashley Helgans | $80 | $62.08 | -32.9% | Dec 19, 2024 |
| Guggenheim | Robert Drbul | $70 | $57.24 | -41.3% | Nov 15, 2024 |
| Robert W. Baird | Mark Altschwager | $64 | $57.32 | -46.3% | Nov 15, 2024 |
| Telsey Advisory | Dana Telsey | $58 | $50.67 | -51.4% | Nov 8, 2024 |
| Citigroup | Paul Lejuez | $55 | $50.47 | -53.9% | Oct 29, 2024 |
| BMO Capital | Simeon Siegel | $44 | $40.48 | -63.1% | Aug 16, 2024 |
| CFRA | Zachary Warring | $47 | $40.37 | -60.6% | May 9, 2024 |
| Wells Fargo | Ike Boruchow | $60 | $40.9 | -49.7% | Apr 18, 2024 |
| Evercore ISI | Michael Binetti | $50 | $40.01 | -58.1% | Feb 5, 2024 |
| Guggenheim | Robert Drbul | $60 | $27.46 | -49.7% | Nov 9, 2023 |
| UBS | Kate Spade | $39 | $31.71 | -67.3% | Sep 7, 2023 |
| Telsey Advisory | Dana Telsey | $54 | $44.54 | -54.7% | Feb 10, 2023 |
| UBS | Jay Sole | $31 | $32.51 | -74.0% | Jul 26, 2022 |
| Jefferies | Ashley Helgans | $45 | $31.6 | -62.3% | Jun 15, 2022 |
| Telsey Advisory | Kate Spade | $46 | $32.07 | -61.4% | May 13, 2022 |
| UBS | Jay Sole | $36 | $31.86 | -69.8% | May 13, 2022 |
| Barclays | Analyst unavailable | $53 | $35.32 | -55.6% | Apr 19, 2022 |
| Bernstein | Aneesha Sherman | $62 | $38.41 | -48.0% | Mar 18, 2022 |
| J.P. Morgan | Matthew Boss | $56 | $40.47 | -53.0% | Feb 10, 2022 |
| BTIG | Camilo Lyon | $63 | $40.46 | -47.2% | Feb 9, 2022 |
| Argus Research | Kristina Ruggeri | $54 | $45.42 | -54.7% | Nov 19, 2021 |
| Cowen & Co. | Oliver Chen | $56 | $45.42 | -53.0% | Nov 19, 2021 |
| Morgan Stanley | Kimberly Greenberger | $43 | $44.34 | -63.9% | Nov 15, 2021 |
| BMO Capital | Simeon Siegel | $50 | $44.96 | -58.1% | Nov 12, 2021 |
| Piper Sandler | Erinn Murphy | $63 | $44.96 | -47.2% | Nov 12, 2021 |
| Goldman Sachs | Brooke Roach | $49 | $44.96 | -58.9% | Nov 12, 2021 |
| Jefferies | Randal Konik | $50 | $45.6 | -58.1% | Nov 11, 2021 |
| Credit Suisse | Michael Binetti | $67 | $48.21 | -43.8% | May 7, 2021 |
Track every rating change on TPR the moment it posts. Free to start.
Start freeCompany context
Snapshot as of publicationTapestry, Inc. is a prominent global fashion house specializing in premium accessories and distinct lifestyle brands. It operates internationally, serving customers across the United States, Japan, Greater China, and other markets worldwide. The company's diverse portfolio is structured around three well-known brands: Coach, Kate Spade, and Stuart Weitzman. Tapestry offers an extensive product range catering to women, men, and even includes items for children and home goods. For women, this encompasses a vast selection of luxury accessories, including various handbag styles such as wallets, wristlets, and cosmetic cases, alongside unique novelty items like travel accessories, sketchbooks, and keychains. The collection further features footwear, eyewear, fine jewelry (bracelets, necklaces, rings, and earrings), fragrances, watches, and seasonal apparel, which covers outerwear, ready-to-wear collections, and cold-weather essentials like gloves, scarves, and hats.…
Historical context
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Latest beats and misses
Who reports nextBeat on EPS
- CAGFY2027 Q1 · September 30, 2026+44.4% EPS-4.9% move
- FDSFY2026 Q4 · September 30, 2026+3.9% EPS+3.8% move
- JBLFY2026 Q4 · September 30, 2026+8.1% EPS-10.0% move
- MUFY2026 Q4 · September 30, 2026+5.4% EPS+0.0% move
- CCLFY2026 Q3 · September 29, 2026+5.9% EPS+13.4% move
- COSTFY2026 Q4 · September 24, 2026+3.2% EPS+2.9% move
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Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2026-07-26T00:37:12.209961+00:00
- Polygon adjusted daily market bars · 2026-10-02T03:56:06.038638+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-02T03:56:06.035871+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-02. For educational purposes only; not investment advice.