Tapestry, Inc. Q2 2026 Earnings Recap

Tapestry, Inc. reported strong second quarter results with an 18% revenue increase, a 390 basis point rise in adjusted operating margin, and a 34% increase in earnings per share, reflecting the effectiveness of their Amplify strategies and a robust operational performance.

Key Takeaways

• Acquired over 3.7 million new global customers during the quarter, primarily driven by engagement with Gen Z.
• Double-digit sales growth achieved across North America, Greater China, and Europe, significantly outpacing industry trends.
• Continued strong performance in core leather goods, with growth in average retail prices and unit volumes in mid-teens rates.
• Increased brand relevance for Coach among multiple generations, fostering broad-based customer growth and loyalty.
• Positive outlook with a strong product pipeline expected to bolster both average unit retail and sales volumes.