Tapestry, Inc. raised its fiscal full-year 2026 guidance following an eleventh consecutive earnings beat in its fiscal third quarter. The company reported earnings of $1.66 per share, surpassing the Zacks Consensus Estimate of $1.31, while net sales jumped 21% to $1.92 billion. Gross margin improved to 76.9%, driven by operational gains and the sale of Stuart Weitzman, partially offset by tariff and duty impacts. Tapestry now expects full-year revenue of around $7.95 billion and earnings of approximately $6.95 per share, up from prior guidance of $6.40 to $6.45. The company also plans to return $1.6 billion to shareholders this year through dividends and a $1.3 billion buyback program.
Tapestry IncTapestry raised full-year 2026 guidance after strong Q3 earnings beat, with higher revenue and EPS outlook, plus $1.6B shareholder return plan.