Tapestry Q2 revenue rises 14% to $2.5 billion and raises full-year outlook
Tapestry reported fiscal second-quarter 2026 revenue of $2.5 billion, up 14% from a year earlier, with GAAP diluted EPS of $2.68 versus $1.38. The company raised its fiscal 2026 revenue, operating margin, EPS, and free cash flow outlook and now plans to return $1.5 billion to shareholders, up from $1.3 billion.
Key points
- Q2 net sales were $2.5 billion, up 14%; pro forma growth excluding Stuart Weitzman was 18%, led by Coach up 25%
- GAAP diluted EPS was $2.68 versus $1.38 a year ago; non-GAAP diluted EPS was $2.69 versus $2.00
- Fiscal 2026 EPS guidance raised to $6.40 to $6.45 from $5.45 to $5.60; revenue now expected above $7.75 billion versus prior $7.3 billion
- Share repurchases for fiscal 2026 now expected at $1.2 billion, up from $1.0 billion
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:10 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 05, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.