Tapestry, Inc. (TPR)

In Q3 Fiscal 2026, Tapestry reported strong earnings, beating analyst expectations and raising its full-year outlook. The company declared a quarterly cash dividend of $0.40 per share and increased its planned share repurchases for fiscal 2026 to approximately $1.3 billion. The divestiture of Stuart Weitzman was completed on August 4, 2025. An attempted acquisition of Capri Holdings in 2024-2025 was blocked. Tapestry's stock has seen a significant increase of 62.76% over the past six months.

Tapestry's products exhibit demand seasonality, with strong peaks during holiday seasons. Coach and Kate Spade handbags experience increased consumer activity for gifting or personal purchases during November and December. Coach tote bags show a surge in search interest during July and August, potentially due to summer or back-to-school shopping trends. Spring is an ideal season for refreshing accessories, with demand for stylish purses and floral prints. The Lunar New Year also influences sales, particularly in Greater China.

Tapestry, Inc. is a global house of accessible luxury accessories and lifestyle brands, including Coach and Kate Spade New York. The company designs, markets, and sells luxury accessories and lifestyle products, such as women's handbags, wallets, footwear, apparel, jewelry, and home décor. Coach is a leading design house of accessible luxury accessories and lifestyle collections, known for its quality craftsmanship. Kate Spade New York delivers seasonal collections of handbags, ready-to-wear, jewelry, footwear, gifts, and home décor. Stuart Weitzman was divested in August 2025. Tapestry generates revenue through various channels, including retail stores, e-commerce sites, and wholesale customers.

Tapestry has a significant global presence, with key markets in North America and Greater China. As of fiscal year 2025, the company had 1,291 directly operated stores globally, with 931 for Coach and 360 for Kate Spade. In fiscal 2023, North America accounted for approximately 66% of revenue, and Greater China represented another 15%. The company is expanding its presence in international and emerging markets, including Asia, India, Indonesia, Nigeria, and the Philippines.

Coach has undergone a successful turnaround, shifting to a luxury contender with less discounting and a focus on direct-to-consumer sales, effectively targeting Gen Z consumers. Kate Spade has experienced recent sales weakness and a decline in revenue, with some market perception suggesting the brand is seen as confusing. Tapestry has demonstrated resilience amidst a broader luxury market slowdown, recording revenue growth in Europe and North America.

Tapestry, Inc. has a diverse ownership structure, with approximately 56.28% of the company's stock owned by Institutional Investors, 0.47% by Insiders, and 43.25% by Public Companies and Individual Investors. Major institutional owners include Vanguard Group Inc., BlackRock, Inc., and State Street Corp. Lew Frankfort is the largest individual Tapestry shareholder, owning 2.03 million shares, representing 1.00% of the company.