Filing Flows › Tapestry (TPR) › Q1 FY27 › vs Q1 FY26
Tapestry (TPR) Q1 FY27 vs Q1 FY26 (year over year)
Tapestry's revenue rose $189M (+11%) from $1.7B in Q1 FY26 to $1.9B in Q1 FY27. The biggest changes: Coach +$231M (+16%); Kate Spade −$27.0M (-10%). Gross margin 78.6% against 76.3% (+2.3 pts).
Tapestry, Q1 FY27: revenue $1.9B (+11% year over year), operating margin 22.4%, net earnings $360M, operating cash flow $197M. The chart draws each line against Q1 FY26, the increases inside each band.
Margins
| Q1 FY27 | Q1 FY26 | Change | |
|---|---|---|---|
| Gross margin | 78.6% | 76.3% | +2.3 pts |
| Operating margin | 22.4% | 19.2% | +3.1 pts |
| Net margin | 19.0% | 16.1% | +2.9 pts |
| Free cash flow margin | 7.9% | 4.8% | +3.1 pts |
Every line
| Line | Q1 FY27 | Q1 FY26 | Change | % |
|---|---|---|---|---|
| Coach | $1.7B | $1.4B | $231M | +16% |
| Kate Spade | $233M | $260M | −$27.0M | -10% |
| Revenue | $1.9B | $1.7B | $189M | +11% |
| Gross profit | $1.5B | $1.3B | $187M | +14% |
| Cost of revenue | $406M | $404M | $2.0M | +0.5% |
| Operating profit | $424M | $328M | $96.0M | +29% |
| Operating expenses | $1.1B | $973M | $91.0M | +9% |
| Pre-tax earnings | $411M | $319M | $92.0M | +29% |
| Other expense, net | $13.0M | $9.0M | $4.0M | +44% |
| Net earnings | $360M | $275M | $85.0M | +31% |
| Income tax | $51.0M | $44.0M | $7.0M | +16% |
| Depreciation & amortization | $40.0M | $37.0M | $3.0M | +8% |
| Share-based compensation | $31.0M | $22.0M | $9.0M | +41% |
| Working capital & other | $234M | $221M | $13.0M | +6% |
| Operating cash flow | $197M | $113M | $84.0M | +74% |
| Free cash flow (OCF − capex) | $149M | $81.0M | $68.0M | +84% |
| Capital expenditures | $48.0M | $32.0M | $16.0M | +50% |
Questions
How much did Tapestry's revenue grow year over year in Q1 FY27?
Tapestry's revenue rose $189M (+11%) from $1.7B in Q1 FY26 to $1.9B in Q1 FY27.
What drove Tapestry's revenue change in Q1 FY27?
Coach +$231M (+16%); Kate Spade −$27.0M (-10%).