TPR · 8-K · 20261105PR042034
Guidance and Outlook
TAPESTRY, INC. · 2026-11-05 · Importance 79 · Surprise 76 · Contradicted
Tapestry raised Fiscal 2027 revenue guidance to approximately $8.5 billion–$8.6 billion, representing 6%–7% constant-currency growth, from prior guidance of $8.4 billion–$8.5 billion. It raised expected operating-margin expansion to approximately 100 basis points from approximately 50 basis points and EPS guidance to $8.25–$8.35 from $7.80–$7.90, representing 17%–18% EPS growth. The outlook assumes an approximately 18% tax rate, approximately $60 million of net interest expense, and a weighted-average diluted share count of approximately 200 million. For the second fiscal quarter, the company expected constant-currency revenue growth of approximately 5%–6% and diluted EPS of approximately $3.05.
Key facts
- Tapestry raised its fiscal 2027 revenue outlook to approximately $8.5 billion-$8.6 billion, representing approximately 6%-7% constant-currency growth; this is above prior guidance of $8.4 billion-$8.5 billion. source
- Tapestry raised its fiscal 2027 operating-margin outlook to expansion of approximately 100 basis points, above prior guidance of approximately 50 basis points. source
- Tapestry expects fiscal 2027 adjusted free cash flow approaching $1.7 billion and CapEx and Cloud Computing costs of $300 million, approximately 3%-4% of revenue; this is unchanged from prior guidance. source
- Tapestry expects fiscal Q2 2027 diluted EPS of approximately $3.05, representing low-teens growth versus the prior year. source
- Tapestry raised its fiscal 2027 diluted EPS outlook to $8.25-$8.35, representing 17%-18% growth, above prior guidance of $7.80-$7.90. source
- Tapestry expects fiscal Q2 2027 revenue growth of approximately 5%-6% on a constant-currency basis. source
- Tapestry expects fiscal 2027 net interest expense of approximately $60 million, compared with prior guidance of approximately $55 million. source
- Tapestry expects a fiscal 2027 weighted-average diluted share count of approximately 200 million, versus prior guidance of approximately 203 million. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| revenue | positive | committed | +4.5% | Tapestry raised its fiscal 2027 revenue outlook to approximately $8.5 billion-$8.6 billion, representing approximately 6%-7%… |
| net_income | positive | committed | +4.0% | Tapestry raised its fiscal 2027 diluted EPS outlook to $8.25-$8.35, representing 17%-18% growth, above prior guidance of $7.80-$7.90. |
| margin | positive | committed | +0.8% | Tapestry raised its fiscal 2027 operating-margin outlook to expansion of approximately 100 basis points, above prior guidance of… |
| net_income | negative | committed | -0.2% | Tapestry expects fiscal 2027 net interest expense of approximately $60 million, compared with prior guidance of approximately $55 million. |
| cash | positive | committed | — | Tapestry expects fiscal 2027 adjusted free cash flow approaching $1.7 billion and CapEx and Cloud Computing costs of $300 million,… |
| net_income | positive | committed | — | Tapestry expects fiscal Q2 2027 diluted EPS of approximately $3.05, representing low-teens growth versus the prior year. |
| revenue | positive | committed | — | Tapestry expects fiscal Q2 2027 revenue growth of approximately 5%-6% on a constant-currency basis. |
| revenue | positive | committed | — | Tapestry's fiscal 2027 outlook excludes the 53rd week, which is expected to add one percentage point to annual revenue growth and have a… |
| net_income | positive | committed | — | Tapestry expects a fiscal 2027 tax rate of approximately 18%, compared with prior guidance of approximately 18.5%. |