Tapestry Inc. reported record results for its fiscal 2026 second quarter, achieving revenue of $2.5 billion, an increase of 14% compared to the previous year. The company reported a GAAP diluted EPS of $2.68, up 94%, and a non-GAAP diluted EPS of $2.69, an increase of 34% for the period ended December 27, 2025. Operating margin expanded by 620 basis points on a GAAP basis and 390 basis points on a non-GAAP basis, driven by a rise in gross margin and SG&A leverage. The Coach brand led performance with a 25% gain in pro forma revenue. Tapestry Inc. is on track to return $1.5 billion to shareholders in fiscal year 2026, which is an increase versus prior guidance, supported by a strong balance sheet and robust cash flow generation. The company raised its outlook for full-year revenue, operating margin, EPS, and free cash flow. CEO Joanne Crevoiserat highlighted the Amplify strategy’s role in driving deeper consumer engagement, growth, and record results during the holiday season.

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