Tapestry reported fourth quarter net sales of $1.88 billion, beating analyst expectations of $1.87 billion. The luxury conglomerate posted adjusted earnings per share of $1.32, exceeding the consensus estimate of $1.27. Adjusted operating profit reached $362 million, up 25% year-over-year.

For fiscal 2027, Tapestry guided adjusted EPS to a range of $7.80 to $7.90, slightly below the market consensus of $7.87. The stock fell over 5% in premarket trading following the guidance.

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