Tapestry Non-GAAP EPS of $1.04 beats by $0.02, revenue of $1.72B beats by $40M

* Tapestry press release [https://seekingalpha.com/pr/20200664-tapestry-inc-reports-fiscal-2025-fourth-quarter-and-full-year-results] (NYSE:TPR [https://seekingalpha.com/symbol/TPR]): Q4 Non-GAAP EPS of $1.04 beats by $0.02.
* Revenue of $1.72B (+8.2% Y/Y) beats by $40M.

*
Tapestry is initiating its Fiscal 2026 outlook, which is provided on a non-GAAP basis:

* Revenue approaching $7.2 billion vs $6.96B consensus, representing low-single-digit growth versus prior year on a reported basis
* Operating margin above prior year, which reflects more than 250 basis points of underlying margin expansion, offset by a negative tariff and duty impact of approximately 230 basis points.
* Net interest expense of approximately $65 million;
* Tax rate of approximately 18%;
* Weighted average diluted share count of approximately 213 million shares;
* Earnings per diluted share of $5.30 to $5.45 vs $5.09 consensus, representing 4% to 7% growth compared to the prior year. This includes the negative impact of incremental tariffs and duties of over $0.60;
* Adjusted free cash flow approaching $1.3 billion.

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