Tapestry reports strong Q2 growth
Tapestry, the parent company of Coach and Kate Spade New York, reported strong results for the second quarter of fiscal 2026, exceeding estimates for both revenues and earnings and raising its full-year guidance.
Adjusted earnings were up 34% year over year, while net sales rose 14% to $2.5 billion. Excluding the impact of the Stuart Weitzman divestiture, pro forma sales increased 18%.
Growth was broad-based, led by the Coach brand, which generated $2.14 billion in sales, up 25% year over year. Kate Spade sales fell 14% to $360 million. Regionally, North America rose 17%, Greater China 35%, Europe 27%, while Japan declined 9%. Direct-to-consumer revenues grew 17% on a pro forma basis, supported by digital expansion and brick-and-mortar sales.
The company added 3.7 million new customers globally, with notable gains among Gen Z.
At the end of the quarter, it operated 949 Coach and 353 Kate Spade stores worldwide.
