Tapestry Soars to Record Revenue Fueled by Coach's Dominance and Young Shoppers

Tapestry Inc. has announced a record-breaking first-quarter revenue for its 2026 financial year, reaching an impressive total of $1.7 billion. This significant achievement was primarily propelled by double-digit pro forma revenue growth from its prominent brand, Coach. Following this strong start, the company has confidently raised its outlook for the entire fiscal year, signaling robust performance and strategic success.

The luxury fashion house reported a substantial 13% year-over-year increase in revenue, or 12% in constant currency terms, for the first quarter that concluded on September 27, 2025. Beyond top-line growth, Tapestry also saw a healthy expansion in its profitability metrics. Gross profit for the quarter amounted to $1.3 billion, an increase from $1.1 billion in the same period of its 2025 fiscal year. Concurrently, the gross margin improved to 76.3%, up from 75.3% a year prior, demonstrating enhanced operational efficiency.

Joanne Crevoiserat, CEO of Tapestry Inc., highlighted the quarter's exceptional performance in a recent press release, stating, "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. Our first quarter outperformance marked a powerful start to this next chapter." She further attributed this success to "focused execution of our strategies," which brought "creativity and craftsmanship to our customers around the world," resulting in revenue and earnings increases that surpassed initial expectations. Crevoiserat emphasized the company's "structural and sustainable advantages" as the basis for raising the full-year outlook.

Digging deeper into brand-specific contributions, Tapestry's flagship accessories brand, Coach, saw its pro forma revenue surge by 22%, totaling $1.43 billion. Kate Spade also contributed significantly, reporting total revenue of $260.2 million. Geographically, the business experienced its most dynamic growth in Europe, achieving an outstanding 39% increase in overall brand revenue. Greater China followed with a robust 20% growth, and North America contributed an solid 18% increase, showcasing broad-based strength across key markets.

During the first fiscal quarter, Tapestry successfully onboarded more than 2.2 million new customers globally. Notably, Gen Z consumers represented approximately 35% of these new acquisitions, underscoring the company's ability to resonate with younger demographics and expand its customer base. CEO Crevoiserat reiterated the company’s strong belief in its future trajectory, affirming, "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."