Filing Flows › Tapestry (TPR) › Q1 FY27
Tapestry (TPR) Q1 FY27 earnings results (first quarter fiscal 2027)
10-Q filed Nov 5, 2026
Tapestry (TPR) reported revenue of $1.9B for the first quarter fiscal 2027 (Q1 FY27), +11% from a year earlier and +0.9% from the quarter before. Operating margin was 22.4%, net earnings $360M (19.0% of revenue).
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.
| Q1 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.9B | +0.9% | +11% |
| Gross profit | $1.5B | -5% | +14% |
| Operating profit | $424M | -4% | +29% |
| Net earnings | $360M | +4% | +31% |
| Operating cash flow | $197M | -62% | +74% |
| Free cash flow | $149M | -68% | +84% |
What changed
Revenue was $1.9B in Q1 FY27, up 11% year over year and up 1% from the previous quarter. Coach was the largest line at 88% of revenue. Coach added $0.23B year over year (up 16%), 122% of the total change. Kate Spade declined 10%.
Gross margin was 78.6%, up 2.3 points from Q1 FY26. Operating profit was $0.42B, a 22.4% margin (up 3.1 points year over year). Of the extra revenue versus Q1 FY26, 51% reached operating profit, above the 19% margin then. Operating expenses grew 9% against revenue growth of 11%. Net earnings were $0.36B, up 31% year over year. The effective tax rate was 12.4%.
Operating cash flow was $0.20B (up 74% year over year), 55% of net earnings. Non-cash charges added back $0.04B of depreciation and amortization and $0.03B of share-based compensation. Working capital and other items used $0.23B. Capital expenditures of $0.05B left free cash flow of $0.15B.
Questions
What was Tapestry's revenue in the first quarter fiscal 2027?
Tapestry (TPR) reported revenue of $1.9B for the first quarter fiscal 2027 (Q1 FY27), +11% from a year earlier and +0.9% from the quarter before.
Was Tapestry profitable in the first quarter fiscal 2027?
Operating profit was $424M (22.4% of revenue) and net earnings $360M.
Source: Tapestry 10-Q on SEC EDGAR.