0001116132-26-000011
SEC filingTapestry delivered strong top- and bottom-line growth in Q3 FY2026, with revenue up 21.2% and net income up 69.1%, reflecting broad-based DTC strength and operating leverage — all while maintaining liquidity and capital flexibility.
Net income grew 69.1% to $343.8 million, and diluted EPS rose 73.7% to $1.65. This robust earnings growth reflects both top-line momentum and disciplined cost management. Net cash provided by operating activities totaled $1.46 billion, up sharply from $770 million in Q3 FY2025. Capital expenditures were $112.8 million, resulting in free cash flow of $1.3 billion. This aligns with management’s stated expectation that total fiscal 2026 capital expenditures and cloud computing costs will be approximately $200 million — a forward-looking statement explicitly sourced from the business context packet.
Management states that cash flows from operations, access to credit and capital markets, credit lines, on-hand cash and cash equivalents, and investments are expected to provide adequate funds to support operating, capital, and debt service requirements for fiscal 2026 and beyond. This assessment is grounded in current performance and available resources, not contingent on unverified assumptions about future share repurchases, divestitures, or facility utilization — all of which were removed during audit due to lack of direct support in the authoritative financial packet.