Tapestry Inc. (NYSE: TPR), a leading luxury fashion company, has reported an increase in net sales and adjusted earnings for the fourth quarter of fiscal 2025.
Net sales increased 8% year-over-year to $1.72 billion in the fourth quarter, on both a reported and constant currency basis. The company reported a net loss of $517 million or $2.49 per share for Q4, on a reported basis, compared to a profit of $159 million or $0.68 per share in the prior-year period On an adjusted basis, it was a net income of $223 million or $1.04 per share in Q4, vs. $217 million or $0.92 per share in Q4 2024Gross profit totaled $1.32 billion in Q4; gross margin was 76.3%, an increase of 140 basis points, driven by operational improvements of approximately 200 basis pointsFor fiscal 2026, the company expects revenue to be $7.2 billion, representing low-single-digit year-over-year growthFull-year operating margin is expected to be above the prior year, reflecting more than 250 basis points of underlying margin expansionAdjusted profit per share is expected to be in the range of $5.30 to $5.45 in FY26, representing a 4-7% YoY growth
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