Tapestry Set to Announce FQ3 Earnings with Strong Expectations
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 13 2026
0mins
Should l Buy TPR?
Source: seekingalpha
Tapestry Inc (TPR) has seen its stock price rise by 5.04%, reaching a 5-day high, as the company prepares to announce its FQ3 earnings on May 7.
The upcoming earnings report is highly anticipated, with a consensus EPS estimate of $1.29 and revenue expected to reach $1.78 billion. Tapestry has a strong track record, having exceeded EPS estimates 75% of the time and revenue estimates 100% of the time over the past two years. Additionally, there have been 16 upward revisions in EPS estimates and 16 in revenue estimates over the last three months, reflecting analysts' optimistic outlook on the company's performance amid a recovering market environment.
This positive sentiment is further supported by a general rally in apparel and luxury stocks following the U.S.-Iran ceasefire, positioning Tapestry to potentially benefit from improved market conditions.
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Analyst Views on TPR
Wall Street analysts forecast TPR stock price to rise
15 Analyst Rating
13 Buy
2 Hold
0 Sell
Strong Buy
Current: 133.480
Low
120.00
Averages
136.57
High
155.00
Current: 133.480
Low
120.00
Averages
136.57
High
155.00
About TPR
Tapestry, Inc. is a house of accessories and lifestyle brands. The Company's global house of brands include Coach and kate spade new york. Coach brand is a global fashion house of accessories and lifestyle collections. Kate Spade New York is a global lifestyle brand that designs things for the everyday, delivering seasonal collections of handbags, ready-to-wear, jewelry, footwear, gifts, home decor and more. Its products include women's handbags, women's accessories, men's and other products. Women's accessories include small leather goods which include mini and micro handbags, money pieces, wristlets, pouches and cosmetic cases. Men's includes bag collections, small leather goods, footwear, watches, sunglasses, and ready-to-wear items. Its products are sold to customers through its direct-to-consumer (DTC), wholesale and licensing businesses. Its DTC business includes retail and outlet stores, branded e-commerce sites as well as concession shop-in-shops.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Patent Approval: Tapestry has been awarded a U.S. patent for Mira, marking its first AI patent and second technology patent overall, which signifies a significant advancement in the company's data-driven decision-making capabilities.
- Data Connectivity: The Mira platform integrates with Tapestry's Global Data Fabric, enabling rapid analysis that reduces the time from days to seconds or minutes, thereby enhancing the speed and efficiency of business decisions.
- Broad Business Applications: Tapestry teams are already leveraging Mira for assortment planning and inventory management, allowing them to respond swiftly to consumer trends, which enhances market competitiveness and drives sustainable growth.
- Strategic Advantage: Designed with the specific needs of the retail and fashion industry in mind, Mira combines human judgment and creativity to provide powerful business intelligence, further solidifying Tapestry's market position.
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- Revenue and Profitability Increase: The company achieved a 29% revenue growth in Q3, with an operating margin of 76.9%, indicating strong profitability in a competitive market and reflecting the success of its direct-to-consumer sales strategy.
- Upward Revision of Annual Outlook: Management raised the fiscal year 2026 revenue guidance to $7.95 billion, with expected EPS of $6.95, showcasing confidence in future growth and robust market demand.
- Ongoing Brand Strategy: Despite an 11% revenue decline for the kate spade brand, management emphasized the ongoing brand revitalization and long-term growth strategy, indicating the company's commitment to sustainable development in the face of challenges.
See More
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- Improved Profitability: The non-GAAP EPS of $1.66 surpassed the consensus estimate of $1.60 and marked a substantial increase from last year's $1.03, indicating successful cost control and enhanced profitability.
- Customer Base Expansion: The company acquired over 2.4 million new customers globally, with 35% being Gen Z consumers, showcasing Tapestry's success in attracting younger demographics while also reflecting increased demand from existing customers.
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Tapestry Secures Patent for Mira AI Platform
- Patent Approval: Tapestry has been awarded a U.S. patent for Mira, marking its first AI patent and second technology patent overall, which signifies a significant advancement in the company's data-driven decision-making capabilities.
- Data Connectivity: The Mira platform integrates with Tapestry's Global Data Fabric, enabling rapid analysis that reduces the time from days to seconds or minutes, thereby enhancing the speed and efficiency of business decisions.
- Broad Business Applications: Tapestry teams are already leveraging Mira for assortment planning and inventory management, allowing them to respond swiftly to consumer trends, which enhances market competitiveness and drives sustainable growth.
- Strategic Advantage: Designed with the specific needs of the retail and fashion industry in mind, Mira combines human judgment and creativity to provide powerful business intelligence, further solidifying Tapestry's market position.
See More
Market Watch: Oil Prices, Tech Stocks, and Earnings
- Oil Prices and Refinery Output: U.S. refineries are processing an average of 16.3 million barrels of crude per day, significantly up from 13.5 million, which, while unsustainable, is boosting refinery margins amid ongoing geopolitical tensions, stabilizing the market.
- CoreWeave Price Target Raised: Barclays increased CoreWeave's price target from $106 to $120, noting strong first-quarter earnings that exceeded expectations; however, light guidance for Q2 led to an 11% drop in shares, highlighting the tension between revenue growth and rising operating expenses.
- Strong Performance for Corning: Corning's stock rose 3.4% in premarket trading after Bank of America added it to its
See More
Tapestry's Earnings Report Sparks Buying Interest
- Earnings Impact: Following Tapestry's fiscal third-quarter earnings report, the stock fell over 12%, yet JPMorgan views the current price as attractive, advising investors to 'buy the dip.'
- Price Target Increase: JPMorgan raised Tapestry's price target from $190 to $200, implying over 50% upside from Thursday's close, reflecting confidence in the company's future growth potential.
- Brand Revival: Analysts noted that Coach has undergone a brand revival in recent years, successfully attracting Gen-Z consumers and driving revenue growth for Tapestry, particularly outperforming other brands in the portfolio in the third quarter.
- Market Consensus: According to LSEG data, 15 out of 24 analysts covering Tapestry have either a buy or strong buy rating, indicating a generally optimistic outlook for the company's future performance.
See More
Midday Stock Movements of Major Companies
- Planet Fitness Earnings Downgrade: Planet Fitness shares fell nearly 33% after the gym operator lowered its full-year earnings outlook, now projecting only a 4% year-over-year growth, down from a previous forecast of 9%-10%, which negatively impacts market confidence.
- Vital Farms Surprise Loss: Vital Farms, the egg producer, dropped 20% following a surprise loss of 3 cents per share in Q1, against analyst expectations of a 6-cent profit, and the company also cut its full-year earnings outlook, indicating increasing industry pressures.
- Datadog Exceeds Expectations: Datadog shares surged 28% after reporting Q1 earnings of 61 cents per share, surpassing the 51-cent consensus, with Q2 revenue guidance between $1.07 billion and $1.08 billion, reflecting strong market demand.
- AAON Revenue Surge: AAON, the air conditioning and heating equipment manufacturer, saw its shares soar 40% after Q1 earnings, EBITDA, and revenue all exceeded Wall Street estimates, raising its full-year revenue guidance by as much as 45%, showcasing robust growth potential.
See More
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- Significant Customer Growth: Tapestry acquired over 2.4 million new customers in Q3, primarily driven by effective marketing strategies targeting Gen Z, which not only enhanced brand market share but also laid a solid foundation for future sales growth.
- Revenue and Profitability Increase: The company achieved a 29% revenue growth in Q3, with an operating margin of 76.9%, indicating strong profitability in a competitive market and reflecting the success of its direct-to-consumer sales strategy.
- Upward Revision of Annual Outlook: Management raised the fiscal year 2026 revenue guidance to $7.95 billion, with expected EPS of $6.95, showcasing confidence in future growth and robust market demand.
- Ongoing Brand Strategy: Despite an 11% revenue decline for the kate spade brand, management emphasized the ongoing brand revitalization and long-term growth strategy, indicating the company's commitment to sustainable development in the face of challenges.
See More
Tapestry Reports 25% Sales Growth in Q1
- Significant Sales Growth: Tapestry reported a 25% year-over-year sales increase in Q1, reaching $1.92 billion, exceeding market expectations by $130 million, demonstrating strong sales performance in a competitive landscape.
- Improved Profitability: The non-GAAP EPS of $1.66 surpassed the consensus estimate of $1.60 and marked a substantial increase from last year's $1.03, indicating successful cost control and enhanced profitability.
- Customer Base Expansion: The company acquired over 2.4 million new customers globally, with 35% being Gen Z consumers, showcasing Tapestry's success in attracting younger demographics while also reflecting increased demand from existing customers.
- Strong Regional Performance: Revenue from China surged 55% to $432 million, while North America saw a 20% increase to $1.11 billion, highlighting the company's robust growth momentum globally, particularly in the rapidly expanding Asia-Pacific market.
See More
