TPRNYSELeather & Leather ProductsUS GAAP · USD

Tapestry, Inc

Tapestry, Inc. is a U.S.-based house of fashion accessories and lifestyle brands built around Coach and kate spade new york. The company designs, markets, and sells handbags, small leather goods, footwear, jewelry, apparel, gifts, and related accessories through direct-to-consumer, wholesale, licensing, and digital channels across North America, Asia, Europe, and other international markets.

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Revenue8,004m USD
+14.2 %y/y
Operating profit (EBIT)1,914m USD
+361.3 %y/y
EBIT margin23.9%
+18.0 ppy/y
Net income1,528m USD
+733.9 %y/y
Free cash flow1,813m USD
+65.7 %y/y

Fiscal year 2026 · change from previous year

Development 2021–2026

02,0004,0006,0008,00010,000m USD2021: 1,615 m USD2021: EBIT 968 m USD20212022: 6,685 m USD2022: EBIT 1,176 m USD20222023: 6,661 m USD2023: EBIT 1,172 m USD20232024: 6,671 m USD2024: EBIT 1,140 m USD20242025: 7,011 m USD2025: EBIT 415 m USD20252026: 8,004 m USD2026: EBIT 1,914 m USD20268,0041,914
RevenueOperating profit (EBIT)
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Business

Share of revenue
Coach accessories and lifestyle80 %

Coach-branded handbags, small leather goods, footwear, and lifestyle accessories sold globally.

kate spade new york accessories and lifestyle20 %

kate spade new york handbags, ready-to-wear, jewelry, footwear, gifts, and home products.

Direct-to-consumer retail and digital0 %

Company-operated stores, concessions, and e-commerce sites that sell branded products directly.

Wholesale and licensing0 %

Sales through department stores, specialty stores, third-party digital partners, and brand licensing.

Products

Reported · share of revenue
57.6%27.9%8.6%FY2026100 %
  • Handbags57.6 %
  • Accessories27.9 %
  • Other8.6 %
  • Footwear5.9 %

Source: 10-K FY2026, revenue the company reports per product line (SEC XBRL). Shares are of the lines shown and add up to 100 %.

Customers

Tapestry sells primarily to fashion-conscious consumers buying branded accessories and lifestyle products for personal use or gifting. Its customer base spans direct retail shoppers, online buyers, and wholesale customers such as department stores and specialty retailers that carry Coach and kate spade new york assortments.

Direct-to-consumer shoppers

Buy through company stores, outlets, concessions, and e-commerce for full brand experience and assortment.

Wholesale retail partners

Department stores, specialty stores, and third-party digital partners that buy branded merchandise for resale.

Coach customers

Core buyers of Coach handbags, small leather goods, footwear, and lifestyle accessories.

kate spade new york customers

Consumers seeking colorful fashion accessories, gifts, and lifestyle products from kate spade new york.

International consumers

Customers in Greater China, Japan, Europe, and other markets buying through local stores and digital channels.

Strategy

Tapestry’s stated strategy centers on strengthening customer relationships, product innovation, omnichannel execution, and global expansion. The company focuses on core handbags and small leather goods while extending into footwear and lifestyle categories and using digital and store channels to reach customers wherever they shop.

Deepen customer lifetime valueShort term

Repeat purchase behavior is central in accessories and brand-led fashion.

Strengthen core product franchisesMedium term

Handbags and small leather goods anchor brand relevance and traffic.

Expand omnichannel reachMedium term

Customers shop across stores, digital, and wholesale touchpoints.

Broaden geographic growthLong term

International markets diversify demand and support long-term expansion.

Geography

Q1/2026

Tapestry is headquartered in the United States and sells globally, with North America and China highlighted as its largest markets. It also operates across Greater China, Japan, Europe, Southeast Asia, Australia, and other international markets through stores, wholesale partners, and e-commerce.

North America88 %
Other countries (US filing)12 %

Share of the revenue the company reports by geography.

Risks

Tapestry is exposed to discretionary spending cycles, tariffs and trade restrictions, and supply-chain dependence on third-party manufacturers. Its omnichannel model also depends on digital execution, fulfillment reliability, and brand reputation, while fashion businesses face demand shifts, inventory risk, and counterfeit pressure.

Sorted by severity
LowMediumHighLowMediumHighImpact →Likelihood →Tariffs, trade restrictions, and customs enforcement1Weak discretionary consumer spending2Supplier and manufacturing compliance3Digital commerce and fulfillment execution4Brand and intellectual property protection5
Impact is the risk’s severity and likelihood how probable it is over the next few years, both assessed from the company’s reports. Numbers match the list.
  1. Tariffs, trade restrictions, and customs enforcementImpact: HighLikelihood: Medium

    Most products are imported and subject to duties, quotas, and border controls.

    Exposure: Imported goods and cross-border sourcing

  2. Weak discretionary consumer spendingImpact: HighLikelihood: Medium

    Handbags and accessories are discretionary purchases sensitive to macro conditions.

    Exposure: Retail and digital demand

  3. Supplier and manufacturing complianceImpact: HighLikelihood: Medium

    Independent manufacturers can create labor, environmental, and reputational issues.

    Exposure: Global sourcing network

  4. Digital commerce and fulfillment executionImpact: MediumLikelihood: Medium

    E-commerce depends on third-party platforms and fulfillment capacity.

    Exposure: Online sales and delivery performance

  5. Brand and intellectual property protectionImpact: MediumLikelihood: Low

    Luxury and fashion brands are vulnerable to counterfeits and infringement.

    ExposureCoachKate spade new yorkStuart Weitzman IP
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Accounting

Judgemental items
Revenue recognition by channel

Different timing for retail, digital, wholesale, and licensing affects quarterly revenue patterns.

Impact: Point-in-time vs over-time recognition and variable consideration estimates

Returns, markdowns, and allowances

Fashion retail requires estimates for returns and wholesale concessions.

Impact: Net sales and reserve balances

Seasonality

Holiday demand and inventory build create large quarter-to-quarter swings.

Impact: Working capital, revenue timing, and cash flow comparability

Goodwill and indefinite-lived intangible impairment

Brand value depends on future cash flow assumptions and discount rates.

Impact: Large non-cash charges to earnings and equity

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Last updated: 24/09/2026

Tapestry, Inc (TPR) Revenue, Earnings & Financials 2026 – Clarifo