Tapestry, Inc. (TPR) earnings on August 13, 2026

Before the market opens Q2 2026

More Tapestry, Inc. earnings

Prior outlook: Optimistic Outcome: Missed

Tapestry's stock fell sharply after the company said its Kate Spade brand is taking longer to recover than expected. The price dropped about 16% by the close.

TPR price around the earnings

128.39

Change: -16.5%

2026-08-13, 20:00 UTC

Start of the measured window End of the measured window
128.10 136.90 145.69 154.49 153.74
Price series around the eventClosing price per minute from before the event to the end of the measured window.
August 13, 2026
  • Price: green if it ends above the starting price; red if it ends below
  • Start of the measured window
  • End of the measured window
  • Market open
  • Starting price
Price series around the event

Prior thesis

Prior outlook: Optimistic Outcome: Missed

Thesis published
Results released

Strong expectations, optimistic scenario

Analysts see strong recent price gains and a strong recent record of beating earnings forecasts, which supports a positive outlook. However, the stock has already risen a lot, so expectations are high and a pullback after good news is a real risk.

Context analyzed before publication

Summary
Strong expectations, optimistic scenario
Playbook
The stock has climbed sharply over the past month, outpacing the broader market, and sits near a support level. Analysts' average price target suggests modest upside, but the recent run-up means the stock is priced for perfection.
Trend
Analyst confidence improving over recent days

Analysts

Drivers

  • Analysts Positive

    Several analysts raised their price targets, with the average target citing about 9% above the current price.

Evidence

Analyst consensus
Buy
Consensus average (1-5)
1.86
Analysts covering the stock
20
Average price target
168.2
Lowest price target
88
Highest price target
230
Upside to price target
9.4%
Quarterly earnings growth
69.1%
Revenue growth
21.2%
Forward EPS
7.84
Trailing EPS
3.14
Analyst moves in the last 60 days
4
  • Strong buy: 5
  • Buy: 11
  • Hold: 5
  • Sell: 1
  • Strong sell: 0
Strong buy
5
Buy
11
Hold
5
Sell
1
Strong sell
0
  • August 6, 2026 · Telsey Advisory Group: Maintains rating (Outperform → Outperform)
  • August 4, 2026 · JP Morgan: Maintains rating (Overweight → Overweight)
  • July 16, 2026 · Barclays: Maintains rating (Overweight → Overweight)
  • June 23, 2026 · UBS: Maintains rating (Buy → Buy)

News and sentiment

Evidence

Sentiment
Sentiment
Constructive
Mention volume
High
Normalized volume
99%
News
Sources (4)

Technicals

Drivers

  • Technical Positive

    The stock has risen about 13% in the past month, far outpacing the broader market, and is market review near a support level.

Evidence

Price when the context was analyzed
153.51
Average true range (ATR)
3.2%
Distance to 52-week high
-6.7%
14-day change (14d)
+2.3%
30-day change (30d)
+12.8%
30-day relative strength
+9.7%
SPY change (30d)
+3.1%
Nearest support
152
Distance to nearest support
1%
Nearest resistance
153.76
Distance to nearest resistance
0.2%
Volume accumulation ratio (14d / 46d)
0.99
  • Major: 152 (1% away, 0.3 ATR, 25 touches)
  • Mid: 149.39 (2.7% away, 0.83 ATR, 21 touches)
  • Mid: 147.55 (3.9% away, 1.2 ATR, 17 touches)
  • Mid: 153.76 (0.2% away, 0.05 ATR, 13 touches)
  • Mid: 156.41 (1.9% away, 0.59 ATR, 18 touches)
  • Mid: 157.99 (2.9% away, 0.91 ATR, 8 touches)

Trends

Evidence

Average earnings surprise
+14.9%
  • May 7, 2026: actual EPS 1.66 vs estimate 1.3 (surprise +27.8%)
  • February 5, 2026: actual EPS 2.69 vs estimate 2.23 (surprise +20.7%)
  • November 6, 2025: actual EPS 1.38 vs estimate 1.27 (surprise +8.9%)
  • August 14, 2025: actual EPS 1.04 vs estimate 1.02 (surprise +2.1%)

Expected move

Drivers

  • Past earnings Positive

    The company has beaten earnings expectations in each of the last four quarters, with an average surprise of nearly 15%.

Implied move
+12.4%
Source
Options chain

Reactions over its last 19 earnings

Median move
4.2%
75th percentile move
9.8%
90th percentile move
12.9%
Up / down moves
14 / 4
Average up move
+6.0%
Average down move
-10.2%

Monitoring and close

What Tapestry, Inc. reported

Status
Finished
Actual EPS1.32
EPS estimate1.28
EPS surprise+3.1%
Revenue$1,876 million
Revenue estimate$1,872 million
Revenue surprise+0.2%

Tapestry shares fell 17% as Kate Spade weakness continued to weigh. Coach growth failed to offset a softer sales forecast for the new fiscal year.

Sources (29)

Pre-market second reading after the results

Verdict
Beat expectations

Heading into the open, results beat expectations on both earnings and revenue, yet the price is indicating -9.6% pre-market, a move above the stock's usual reaction of about 4%. These figures overturn the prior optimistic scenario. In the 444 similar cases in our market history, the close held that direction 94% of the time.

How the stock reacted

Outcome
Missed
Consolidated
-16.5%
Max favorable move (MFE)
0%
Max adverse move (MAE)
16.9%