Tapestry’s revenues grew by 14% to $8 billion (£5.94 billion) for the full year, powered by positive momentum at its Coach brand, which delivered double-digit growth in every quarter.
Summary of results
- FY26 revenue rose 14% to $8 billion (£5.94 billion), led by 24% growth at Coach.
- Adjusted EBITDA reached $2.19 billion (£1.62 billion).
- It added 11 million new customers, 35% of which are Gen Z.
Tapestry, which owns the Coach and Kate Spade brands, saw fourth-quarter revenue rise 9% to $1.88 billion (£1.39 billion).
Excluding the revenue of the Stuart Weitzman brand, which Tapestry sold in August 2025, from both its Q4 2025 and Q4 2026 figures, the group estimates that its quarterly revenue increased 11% at constant currency, highlighting the underlying growth of the business.
Full-year revenue for the group reached $8 billion (£5.94 billion), rising by 13% at constant currency. Again, excluding the revenue of the Stuart Weitzman brand, the group estimates that pro forma revenue increased 17% on a constant currency basis.
Its direct-to-consumer revenue increased 16% for the year at constant currency, with store revenue growing at a mid-teens rate and digital sales rising at a high-teens rate.
In Europe, Tapestry saw revenues growing 19% in Q4 and 23% for the full year, surpassing its North America revenue, which grew 7% in the fourth quarter and 15% for the full year.
Coach leads Tapestry’s revenue growth
Revenue growth was led by the performance of handbag brand Coach, which generated fourth-quarter revenue of $1.64 billion (£1.22 billion), representing growth of 15%. Full-year revenue increased 24% to $6.91 billion (£5.13 billion), with growth of 23%.
The brand’s performance was supported by handbag sales, with average unit retail increasing at a mid-teens percentage rate during both the quarter and full year. Tapestry said annual leathergoods growth reflected higher prices as well as unit growth.
Joanne Crevoiserat, Chief Executive Officer of Tapestry, said: “Our fourth quarter outperformance capped a year of strong growth, as we meaningfully exceeded expectations and achieved key financial commitments we established at our Investor Day two years ahead of plan.
“Our success is by design, demonstrating the power of our Amplify strategy. Through intentional choices, disciplined execution, and an unwavering focus on the consumer, we have built a stronger, more focused organization. These strengths enable us to deliver creativity, value, and relevance at scale, deepening our connections with consumers globally. We are confident our advantages will continue to compound, driving durable growth and long-term shareholder value.”
Tapestry also noted that it had attracted more than 2.5 million consumers during the fourth quarter 2026 and around 11 million across FY26, with approximately 35% being Gen Z.
Coach has been targeting the Gen Z consumer with its recent Charm Playground installation in April, which the brand described as “rooted in Coach’s spirit of playfulness”. The space featured a monumental installation of Coach’s dinosaur mascot, Rexy, adapted into a fun slide for adults.
Discounting one-off items (such as restructuring costs, impairments or costs related to the Stuart Weitzman divestiture), Tapestry’s core operating income grew 33% year-on-year, reaching $1.87 billion (£1.38 billion) for the full year. Its adjusted EBITDA reached $2.19 billion (£1.62 billion).
For FY27, Tapestry projects revenue between $8.4 billion and $8.5 billion (£6.23 billion to £6.30 billion), alongside operating margin expansion of around 50 basis points.