Tapestry IncTPR
▼ NegativeCapitalrelevance
Weak guidance for fiscal 2027 despite in-line Q2 results and EPS beat.
Impact on stocks 1
Consumer Discretionary
Tapestry IncTapestry reported second-quarter fiscal 2026 revenue of $1.88 billion, up 8.9% year over year and in line with analyst estimates, but its stock dropped 7.6% to $141.97 on weak guidance. Adjusted EPS of $1.32 beat estimates by 3.4%, and adjusted EBITDA of $444.5 million beat by 16.1%. The company guided full-year revenue to $8.45 billion at the midpoint and adjusted EPS for fiscal 2027 to $7.85, both in line with expectations. Operating margin rose to 23.6% from negative 33.9% a year earlier, and free cash flow margin improved to 25% from 23.9%.
Tapestry IncWeak guidance for fiscal 2027 despite in-line Q2 results and EPS beat.