Tapestry — the parent company of Coach and Kate Spade — said sales grew 12% year-on-year on a constant currency basis to $1.7 billion in the first quarter of 2026, ending 27 September 2025. The growth was driven by Coach, which continues to perform well among Gen Z consumers .

Tapestry completed the sale of Stuart Weitzman in August and therefore also reported performance excluding the footwear brand. Without Stuart Weitzman, sales grew 16% to $1.69 billion.

Gross profit increased 15% while gross margin increased from 75.3% to 76.3%. The positive impact of the Stuart Weitzman sale was partially offset by the negative impact of tariffs and currency headwinds, the company said.

The company increased its full-year outlook. It now expects revenue to reach around $7.3 billion compared

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