Tapestry: Stock Price Pessimism Following FY26 Results Is Unwarranted

Manika Premsingh Investing Group Follow Summary Luxury fashion stock Tapestry plunged by 16% following its FY26 results, which isn't without basis but is a significant overreaction. The company's results were exactly as it had forecast, including some softening in revenue growth and operating profit margin in Q4 FY26. It also maintained its FY27 outlook from before. The stock's forward P/E compared to past averages is elevated, but still competitive against peers, even when its financial performance is expected to stay relatively quite healthy. Looking for a helping hand in the market? Members of Green Growth Giants get exclusive ideas and guidance to navigate any climate. Learn More » Getty Images I last wrote about luxury company Tapestry, Inc. ( TPR ) at almost the tail end of its FY26 (year ending in June 2026). Even then, a 10% upside was indicated for the remainder of the financial year, which indeed played out, as This article was written by Manika Premsingh 4.67K Followers Follow Manika is a macroeconomist with over 20 years of experience in industries including investment management, stock broking, investment banking. She also runs the profile Long Term Tips [LTT], which focuses on the generational opportunity in the green economy. Her investing group, Green Growth Giants, takes the theme a step further from LTT with a deeper dive into opportunities presented by the segment. Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.