Tapestry (TPR) Q1 FY2027 Earnings Call: Guidance and Outlook
Tapestry raised its full-year fiscal 2027 outlook across revenue, operating margin, and EPS, reflecting business strength and confidence in international and North American growth drivers.
About Tapestry. Tapestry, 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.
Call date
Sentiment score
+35 Balanced
Management tone, -100 to +100
Sentiment change
-10
vs Q4 FY2026 call
Sector
Consumer Discretionary, Textiles, Apparel and Luxury Goods
Revenue growth of 5% to 6% on a constant currency basis versus the prior year.
Q2 Earnings Per Share
EPS of approximately $3.05, representing low teens growth.
Annual guidance
Revenue
$8.5 billion to $8.6 billion, representing 6% to 7% growth on a constant currency basis.
Operating Margin
Expansion of approximately 100 basis points to more than 24%.
Earnings Per Share
$8.25 to $8.35, representing 17% to 18% growth versus prior year.
Outlook
North America consumer
The consumer backdrop remains constructive with industry forecasts for holiday pointing to mid-single-digit growth and broad-based consumer resilience.
Tariff assumptions
Fiscal 2027 guidance embeds a low to mid-20s percent tariff rate on U.S. imports resulting in a modest net P&L benefit year-over-year including mitigating actions.
International expansion
Europe and Greater China are expected to grow mid-teens for the fiscal year, with Other Asia anticipated to grow low double-digits and Japan low single-digits.
Capital returns
Tapestry expects to return approximately $2 billion to shareholders in fiscal 2027 through $1.7 billion in share repurchases and an expected annual dividend of $1.85 per share.
Dombey's summary of the Tapestry Q1 FY2027 earnings call held Nov 5, 2026, written from the call itself. Every figure on this page was checked against what was said on the call, and quoted lines are management's own words; we do not add estimates or prices. The tone score is our read of management's wording, guidance and answers. Check figures against the company's SEC filings before acting. This is research, not investment advice.
