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Tapestry (TPR) gross margin by quarter

Tapestry's gross margin was 78.6% in Q1 FY27 (first quarter fiscal 2027), -4.8 pts from Q4 FY26. Over the last 6 quarters it ranged from 75.5% (Q2 FY26) to 83.3% (Q4 FY26).

Tapestry gross margin by quarterTapestry gross margin by quarter76.1%Q3 FY2576.3%Q1 FY2675.5%Q2 FY2676.9%Q3 FY2683.3%Q4 FY2678.6%Q1 FY27
QuarterGross marginQ/QY/Y
Q1 FY2778.6%-4.8 pts+2.3 pts
Q4 FY2683.3%+6.4 pts—
Q3 FY2676.9%+1.4 pts+0.8 pts
Q2 FY2675.5%-0.8 pts—
Q1 FY2676.3%+0.2 pts—
Q3 FY2576.1%——

Q1 FY27 at a glance

Tapestry, Q1 FY27: revenue $1.9B (+11% year over year), operating margin 22.4%, net earnings $360M, operating cash flow $197M. The chart follows the revenue to costs, profit and cash.

Questions

What is Tapestry's gross margin?

Tapestry's gross margin was 78.6% in Q1 FY27 (first quarter fiscal 2027), -4.8 pts from Q4 FY26.

How has Tapestry's gross margin changed?

Over the last 6 quarters it ranged from 75.5% (Q2 FY26) to 83.3% (Q4 FY26).

Q1 FY27 results → · How Tapestry makes money →