Aug. 14 at 2:16 PM
Tapestry shares fell 16.4% premarket despite beating Q4 revenue estimates. Revenue rose 8% YoY to
$1.723B, driven by Coach (
$1.425B, +14%), while Kate Spade dropped 13% to
$252.6M. Stuart Weitzman revenue fell 10%; sold to Caleres .
Tapestry added 1.5M North American customers in Q4, ~60% Gen Z/Millennials. Net loss: $ 517M (
$2.49/share) vs. prior net income
$159.3M; adjusted EPS
$1.04 beats
$1.02 estimate.
FY26 outlook: revenue ~
$7.2B, adjusted EPS
$5.30–
$5.45, operating margin up >2.5pp but tariffs cost ~230bps ($ 160M).
Market reaction: Strong Coach growth offset by Kate Spade weakness and tariffs drove the premarket selloff.
$TPR $CAL