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StocksMediumUpdated×2•Originally published 7 May 2026•Updated 7 May 2026•

1 min read

US Companies Report Strong Q1 2026 Earnings and Raise Annual Guidance

Key Facts

1Tapestry, Inc. raised its full-year outlook following outperformance in its fiscal third quarter ended March 28, 2026.

2US Foods reported a 2.8% increase in net sales to $9.6 billion for the first quarter of fiscal year 2026.

27 days ago

Version History

1 additional source confirmed this story

Version 227 days ago

What changed: Added specific 2026 revenue guidance figures for Tapestry and reported the 11% share price decline due to profit-taking.

Version 127 days ago

What changed: Added specific financial metrics for Tapestry Inc's earnings beat, including the exact EPS of $1.66 against the $1.31 consensus and the revenue outperformance.

A cluster of major US companies reported robust financial results for the first quarter of 2026, leading several firms to upwardly revise their full-year guidance. Tapestry, Inc. anchored this trend by reporting adjusted earnings of $1.66 per share, beating the $1.31 consensus, and projecting fiscal 2026 revenue of $7.95 billion, a 14% year-over-year increase. However, TPR stock fell approximately 11% following the announcement as investors engaged in 'sell the news' profit-taking. In the food distribution sector, US Foods saw net sales climb 2.8% to $9.6 billion. Meanwhile, the healthcare sector showed momentum with Knight Therapeutics increasing its revenue guidance to $525 million and Teleflex reporting a 32.3% revenue surge. These collective earnings beats signal corporate resilience even as equity markets react with volatility.