Tapestry reported fiscal fourth-quarter 2026 adjusted earnings per share of $1.32 on $1.88 billion of sales, beating profit estimates as Coach revenue rose 15%, gross margin expanded 180 basis points to 78.1%, and Greater China, Europe and Other Asia posted strong growth. Shares fell about 15% to 16% after the company forecast fiscal 2027 sales of $8.4 billion to $8.5 billion, with the $8.45 billion midpoint just below the $8.47 billion FactSet consensus, while adjusted EPS guidance of $7.80 to $7.90 also trailed expectations at the midpoint. Wells Fargo kept its Overweight rating on Tapestry but cut its price target to $160 from $165, citing slower growth concerns.