Tapestry Q2 Revenue Soars 14% to $2.5B, EPS Beats Forecast, Buybacks Raised
Tapestry reported Q2 fiscal 2026 record revenue of $2.5 billion, up 14% year-over-year, and delivered EPS of $2.69 versus the $2.19 forecast. The company raised its full-year revenue, operating margin and EPS outlook and boosted planned share buybacks to $1.2 billion.
1. Q2 Financial Highlights
Tapestry delivered record second-quarter fiscal 2026 results with revenue of $2.5 billion, a 14% increase year-over-year, and earnings per share of $2.69, surpassing analyst expectations of $2.19.
2. Raised Full-Year Outlook
Following the strong quarter, the company boosted its full-year revenue, operating margin and EPS guidance, reflecting confidence in sustained demand across its luxury brands, including Coach and Kate Spade.
3. Expanded Share Repurchase Program
Tapestry increased its planned capital return to shareholders by raising stock buybacks to approximately $1.2 billion, up from the prior outlook of $1.0 billion, enhancing shareholder value.
4. Market Reaction and Stock Performance
Shares jumped 6.4% intraday and set a new 52-week high, reflecting investor enthusiasm for the beat-and-raise results and the upgraded capital return plan.