Guidance for FY 2026 – Not in the excerpt
The brief you supplied only covers Tapestry’s FY 2025 fourth‑quarter and full‑year results and includes a CEO comment about the “breakout year” for FY 2025. It does not contain any forward‑looking figures for FY 2026—i.e., projected revenue, earnings per share (EPS) or operating‑margin targets. Those metrics are typically disclosed in the “Outlook” or “Guidance” section of the full press release or the accompanying investor presentation.
What to do next
- Locate the complete filing – Pull the full FY 2025 earnings release (often posted on the company’s investor‑relations site or on the SEC’s EDGAR system). The FY 2026 guidance will be listed under the “Management Outlook” or “Guidance” heading.
- Cross‑check the earnings call transcript – Management often reiterates or expands on the guidance during the post‑release conference call, which can provide additional color on assumptions (e.g., growth rates, margin expansion, brand‑mix shifts).
- Update your model – Once the FY 2026 revenue, EPS, and operating‑margin targets are confirmed, plug them into your valuation framework (e.g., DCF or comparable‑company multiples) to gauge whether Tapestry is trading at a discount or premium to its implied FY 2026 fundamentals.
Trading implications (pending guidance)
- If FY 2026 guidance is aggressive (e.g., double‑digit revenue growth, EPS expansion, and higher operating margins), the market may price in a “growth premium,” supporting a bullish stance or a position in TPR with a target price reflecting the upside.
- If guidance is modest or below consensus, the stock could face downside pressure, suggesting a short‑or‑neutral position until the market digests the revised outlook.
Bottom line: The FY 2026 guidance you’re after isn’t present in the snippet you provided. Retrieve the full earnings release or the latest investor presentation to capture the specific revenue, EPS, and operating‑margin targets, then translate those figures into your trading thesis.