Tapestry raises annual earnings targets as Coach Tabby bag craze drives holiday sales beat
Tapestry raised its annual targets on Thursday as Gen Z demand for Coach Tabby bags fueled a holiday beat. The firm now expects revenue of over $7.75 billion.
Insights:
Tapestry, Inc. announced on February 5, 2026, that it has raised its full-year adjusted earnings and revenue forecasts following a holiday-quarter performance that exceeded analyst estimates. The company, led by Chief Executive Officer Joanne Crevoiserat joanne crevoiserat, reported a 25% surge in revenue for its Coach brand, driven largely by robust demand for Tabby handbags. This upward revision represents the second time Tapestry, Inc. has increased its guidance in the current period, materially changing its near-term financial trajectory and planned capital return for shareholders.
