Tapestry Fiscal 2026 Revenue Up 14% to $8 Billion; Coach Up 24%, Shares Fall 16.55%
Tapestry reported fiscal 2026 revenue of $8 billion, up 14% year over year. Coach, its core brand, grew 24% to $6.915 billion, with average handbag prices rising by mid-teens in the fourth quarter and full year. All regions posted growth: North America up 15%, Europe 23%, Asia-Pacific 19%, while Greater China sales rose 28% in Q4 and 35% for the year. Kate Spade revenue fell 10% to $1.07 billion. Tapestry shares dropped 16.55% on the release, hitting a six-month low.
For fiscal 2026, Tapestry, the parent of Coach, reported total annual revenue of $8 billion, up 14% year over year. The core Coach brand achieved full-year revenue growth of 24% to $6.915 billion, with average handbag prices posting mid-teens growth in both the fourth quarter and the full year.
All key regions delivered growth for the year. North America rose 15%, Europe 23%, and Asia-Pacific 19%. In Greater China, market share continued to climb, with fourth-quarter sales up 28% and full-year growth of 35%. The group added approximately 11 million new consumers during the year, of which Gen Z accounted for 35%.
Kate Spade's full-year revenue declined 10% to $1.07 billion in fiscal 2026. The brand appointed a new chief marketing officer and creative director in the fourth quarter.
On the day of the earnings release, Tapestry shares fell as much as 16.55%, hitting a six-month low.
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