Tapestry forecasts weak annual sales as Kate Spade struggles, shares tumble

TPR•2026-08-13

Regional trends and annual guidance

Tapestry's North America revenue rose 7% on a constant-currency basis, compared with 8% growth a year earlier and about 20% in the prior quarter, reflecting a broader slowdown in spending amid growing macroeconomic uncertainty.

Revenue from China jumped 28% and Europe rose 19% compared with a year ago.

The company forecast annual revenue in the range of $8.4 billion to $8.5 billion, with the midpoint slightly below estimates of $8.46 billion, according to data compiled by LSEG.

The company expects earnings per share for the year ending June 2027 to be in the range of , with the midpoint above analysts' estimates of .

Tapestry forecasts weak annual sales as Kate Spade struggles, shares tumble

Regional trends and annual guidance

Shares fall sharply in morning trading

Kate Spade remains a drag while Coach grows

Quarterly results top estimates despite weak outlook

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