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Raw inputs
Equipment
Foundry
Chip design
Software
AI demand
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Company details
Market cap
$29B
P/E ratio
~24× (fwd)
Div yield
~1.1%
EPS (FY26e)
~$6.95
Revenue (FY26e)
~$7.95B
Rev. growth
+13%
Gross margin
~75%
Buyback (FY26)
~$1.3B
In plain English
Tapestry is the house of accessible-luxury handbags behind Coach and Kate Spade. It designs the bags in New York, has them stitched by contract factories across Vietnam, Cambodia and the Philippines from leather and hardware suppliers, then sells them direct — mostly through its own stores and websites — to aspirational shoppers worldwide. After US regulators blocked its ~$8.5B bid to buy Capri (Michael Kors) in 2024, it sold off Stuart Weitzman and now pours its cash into buybacks and the still-growing Coach brand.
In simple terms
Owns the brand, rents the factory
Tapestry designs and markets its bags in New York but owns no factories. The cutting and sewing happens at independent contractors across Vietnam, Cambodia, the Philippines and China — which is why import tariffs land directly on its costs.
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