Tapestry Inc. reported record-breaking second-quarter fiscal 2026 results, with net sales increasing 14% to $2.5 billion and pro forma growth of 18%, driven by a 25% surge in Coach sales. The company saw significant margin expansion, leading to a 94% rise in GAAP diluted EPS and a 34% increase in non-GAAP diluted EPS. Due to this strong performance, Tapestry has raised its full-year revenue, margin, and earnings outlook for FY26.
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US' Tapestry hits record Q2 FY26 results with 14% sales growth
Tapestry Inc. reported record-breaking second-quarter fiscal 2026 results, with net sales increasing 14% to $2.5 billion and pro forma growth of 18%, driven by a 25% surge in Coach sales. The company saw significant margin expansion, leading to a 94% rise in GAAP diluted EPS and a 34% increase in non-GAAP diluted EPS. Due to this strong performance, Tapestry has raised its full-year revenue, margin, and earnings outlook for FY26.