Tapestry Inc. (TPR): Global Consumer and Retail Conference 2026 — Key Takeaways

We hosted investor meetings with Scott Roe (CFO and COO), Tim Ryan (SVP, Tapestry Finance), Christina Colone (Global Head of Investor Relations), and Maddison Miller (Director of Investor Relations) at GS's 33rd Annual Global Consumer and Retail Conference. TPR reiterated confidence in the path to $10bn of Coach revenue, highlighting that both North America and global growth are tracking ahead of the framework outlined at Investor Day. The discussion centered on the durability of Coach's long-term growth algorithm, supported by pricing power, One Coach, new customer acquisition, category expansion, and significant international whitespace. TPR maintained a constructive outlook on North America and key international market growth, citing opportunities to grow both units and AURs. The company has not seen a discernible change in consumer purchasing behavior and continues to see multiple drivers supporting long-term revenue and margin expansion, with its margin outlook described as pruden