Tapestry Returns $326 Million to Shareholders as Quarterly Sales Grow 11%
Key Facts
Tapestry returned $326 million to shareholders through dividends in fiscal 2026, when its annual dividend rate was $1.60 per share, according to its investor relations page. The company also reported sales growth in the first quarter of fiscal 2027, which ended on September 26, 2026. Net sales were $1.894 billion, up 11% on a reported basis and 12% on a comparable basis that excludes prior-period Stuart Weitzman sales. The company said quarterly results exceeded its guidance and raised its forecast for the current fiscal year. The results combined strong growth at its largest brand and in key regions with a decline in Kate Spade sales.
Diluted GAAP earnings per share rose to $1.76 in the first quarter of fiscal 2027, compared with $1.28 in the corresponding period of the previous fiscal year. Diluted earnings per share under the non-GAAP measure used by the company were $1.82, versus $1.38 previously. These figures provide another indication of improved performance during the quarter, alongside sales growth. Against this backdrop, Tapestry raised its fiscal 2027 forecast, giving higher ranges for revenue and earnings per share than in its previous estimates. The company did not provide a comparison of its results with analyst expectations in the available information.
Coach led sales growth among the main brands, with sales rising 16% to $1.661 billion in the first quarter of fiscal 2027. By contrast, Kate Spade sales fell 10% to $233 million. The divergence reflects different trends at the two brands in the same period, with Coach contributing to overall sales growth. Geographically, Greater China recorded the strongest reported growth among the regions included in the results, while sales also increased in Europe. The figures show growth across regions alongside differing brand performance.
Tapestry sales in Greater China rose 43% on a reported basis and 39% in constant currency in the first quarter of fiscal 2027. In Europe, sales increased 20% on a reported basis and 22% in constant currency. Comparing reported and constant-currency growth allows performance to be assessed excluding the effect of exchange-rate movements, as reported in the company’s figures. Alongside sales growth, Tapestry said it welcomed 2.6 million new consumers during the quarter. Gen Z consumers accounted for about 35% of those newcomers, according to the company.
The company raised its fiscal 2027 revenue forecast to a range of $8.5 billion to $8.6 billion, from a previous range of $8.4 billion to $8.5 billion. It also raised its diluted earnings-per-share forecast to between $8.25 and $8.35, compared with its previous range of $7.80 to $7.90. The forecast revision follows a first quarter in which the company said results exceeded its guidance, putting its full-year revenue and earnings outlook above its previous estimates. For the second quarter of fiscal 2027, the company expects revenue growth of about 5% to 6% in constant currency and diluted earnings per share of about $3.05. The investor relations page said second-quarter results are typically released in early February.
The dividend history dates to fiscal 2026, when Tapestry returned $326 million in cash to shareholders at an annual rate of $1.60 per share. In trading, the company’s shares, listed under the ticker TPR, closed at $133.34 on November 11, 2026, down 1.68% for the session, after reaching a high of $134.84. The move reflects the stock’s performance on that day, while the company’s operating results published in November focused on the first quarter of fiscal 2027, which ended in September. Tapestry is scheduled to report second-quarter results in early February under its usual timetable. Those results will provide new indicators of sales and earnings-per-share performance in the current fiscal year.