The company reported Q4 net sales of US$1.88 billion, up 9% year-on-year (8% in constant currency), or 12% on a pro forma basis excluding Stuart Weitzman. For the full year, net sales reached US$8 billion, up 14% (13% in constant currency), while pro forma sales increased 18% to US$7.99 billion.
Coach led performance, with fourth-quarter revenue up 15% to US$1.64 billion and full-year revenue rising 24% to US$6.91 billion. Kate Spade sales fell 7% in Q4 to US$235.1 million and 10% for the full year to US$1.07 billion. Regionally, North America grew 7% in Q4 and 15% for the year, while Greater China increased 33% to US$352.2 million in Q4 and 38% to US$1.40 billion for the full year. Europe rose 22% in Q4 and 29% for the year, while Other Asia increased 26% and 16%, respectively. Japan declined 11% in Q4 and 10% for the full year.
Profitability also strengthened, with full-year non-GAAP operating income rising 33% to US$1.87 billion and operating margin rose to 23.4%. Non-GAAP diluted EPS increased 38% to US$7.05. Tapestry returned US$1.7 billion to shareholders through dividends and share repurchases in fiscal 2026 and expects to return a similar amount in fiscal 2027, including US$1.35 billion in planned share buybacks.
