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TPR Stock Falls 12% Despite Q2 Earnings Beat & Raised FY26 Guidance
ZACKS· 2026-05-08 22:40
Key Takeaways Tapestry, Inc. (TPR) posted adjusted earnings of $1.66 per share in the third quarter of fiscal 2026, surging 62% year over year and beating the Zacks Consensus Estimate of $1.31 by 26.7%. Revenues rose 21% from the year-ago period to $1.92 billion, topping the consensus mark of $1.77 billion by 8.5%. The company acquired more than 2.4 million customers globally during the quarter, led by growing Gen Z demand, which represented more than 35% of new customers. Existing customer demand also impr ...