-- CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:
TPR delivered exceptional Q3 FY 26 (Jun.) results with revenue of $1.92B (+21% Y/Y), $136M above estimates, and EPS of $1.66 (+62% Y/Y), $0.36 above consensus. Pro forma growth reached 25% excluding the divested Stuart Weitzman, with Coach brand revenue surging 31% to $1.70B while Kate Spade declined 10% to $220M. The strong performance reflects successful execution of the Amplify strategy and demonstrates Coach's pricing power with handbag units up 20%+ and AUR growing at low-double-digit rates. Management raised full-year guidance to $7.95B revenue (+14% Y/Y) with operating margin of 23% (+300 bps) and EPS of $6.95. Operating margin expanded 490 bps to 22.4% despite tariff headwinds, with broad-based geographic strength led by Greater China at 61% growth. We believe the company's customer acquisition momentum with 2.4M new customers globally and strong omnichannel performance positions it well for continued market share gains in luxury accessories.