Tapestry sees Q1 revenue increase to $1.7 billion, lifts outlook

Tapestry Inc reported a record first quarter revenue total of $1.7 billion for its 2026 financial year, led by double digit pro forma revenue growth at Coach, and has raised its outlook for the full fiscal year.

 
On November 6, the business reported a 13% year on year increase in revenue (12% in constant currency terms) in the first quarter, ending September 27, 2025. Tapestry’s gross profit totalled $1.3 billion compared to $1.1 billion in the first quarter of its 2025 fiscal year and its gross margin was at 76.3% compared to 75.3% a year prior.
 
“At our investor day in September, we introduced our Amplify plan– a bold vision to bring Tapestry’s iconic brands to new generations of consumers and drive durable growth,” said Tapestry Inc’s CEO Joanne Crevoiserat in a press release. “Our first quarter outperformance marked a powerful start to this next chapter. Through focused execution of our strategies, we brought creativity and craftsmanship to our customers around the world, achieving revenue and earnings increases ahead of expectations. From this position of strength, we are raising our full year outlook, reinforcing that our advantages are structural and sustainable.”

Tapestry noted that its accessories brand Coach’s pro forma revenue increased by 22% to total $1.43 billion while Kate Spade’s total came in at $260.2 million. The business saw its most positive overall brand revenue growth in Europe at 39%, followed by Greater China at 20% and North America at 18%.
 
During its first fiscal quarter of the year, Tapestry acquired more than 2.2 million new customers globally, noting that Gen Z consumers made up around 35% of new customers. “We remain confident in our bright future, with a proven track record and an unwavering commitment to deliver compounding growth and long-term shareholder value,” said Crevoiserat.