What move does the options market price into Tapestry's report?

Implied ±8.0%, either direction.

How often does Tapestry move more than the options market prices?

6 of the last 8 reports moved at least as far as the implied move.

TPRNYSELeather & Leather Products

Tapestry, Inc. (TPR) earnings date, market-implied expected move, and options open interest by expiry

118.19

+1.90 · +1.64%

Regular session15:09 ET

Open118.00Volume2.8MMkt cap$23.2BP/E15.78EPS7.49Div yield1.43%

Day116.00 – 119.4564%52-wk91.82 – 164.1836%

TPR

Tapestry, Inc.

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

Inputs

±8.0%implied · report alone

8Q avg ±10.5%·×0.76·cheap

107.01125.57

straddle ±8.6%

spot 116.29exp Nov 6ATM strike 116ATM straddle 11.75IV 91%

Oct 30 closereport share · term structure

Expected move

Inputs

Next report

Nov 5

before open · in 3 days

est.Q1 FY27

Calendar

Next report

Last report

−16.49%

vs ±8.8% implied · ×1.86

shaded = implied · ▲▼ = realized

Aug 13 '26 · confirmed

Implied vs realized

Linked news

2dBAC · supplierBank of America net income $6,933 million, diluted EPS $0.91; YTD $24,591 million, $3.23
2dCPRI · supplierCapri Holdings posts net income $27 million, revenue $809 million

News

Largest filed tie

13F top-10 QoQ

−3.28%

shares held · 10 largest managers

13F · Jun 30 '26125d lag

1,100 managers

Top fund weight

0.74%

TPR weight · XLY

N-PORTJun 30 '26

9 funds

Last reportshaded = implied▲▼ = realized× = |realized| ÷ implied

Tapestry (TPR) is expected to report on Nov 5 before open (estimated date).

Implied vs realized

8 reports

6 of 8≥ implied

avg implied: ±6.9%
avg realized: ±10.5%

Nov 7 '24Nov 7 '24confirmed±5.2%▲+3.60%×0.70

Feb 6 '25Feb 6 '25confirmed±6.2%▲+12.02%×1.93

May 8 '25May 8 '25confirmed±5.4%▲+3.73%×0.69

Aug 14 '25Aug 14 '25confirmed±6.4%▼−15.71%×2.47

Nov 6 '25Nov 6 '25confirmed±6.9%▼−9.61%×1.39

Q2 FY26Feb 5 '26confirmed±8.4%▲+10.21%×1.22

Q3 FY26May 7 '26confirmed±7.5%▼−12.30%×1.64

Q4 FY26Aug 13 '26confirmed±8.8%▼−16.49%×1.86

quarterimplied−20%0+20%realized×

Q4 FY26±8.8%▼−16.49%×1.86

Q3 FY26±7.5%

Shaded = implied · tick ▲▼ = realized · × = |realized| ÷ impliedSource: options EOD · implied at prior close · realized close to close

Implied vs realized

Positioning

OI · 10 expiries · Oct 30 close

0.30OI · 10 expiries · Oct 30 closeP/C open interest · Nov 6 · first expiry after the report

PUTS · chgexpiry · days · P/CCALLS · chgP/C

228+20%Nov 64d763+295%

175+31%Nov 1311d1.55113+23%1.55

3,525+2%Nov 2018d0.576,213+1%0.57

111+429%Nov 2725d1.4278+1850%1.42

4—Dec 432d0.676—0.67

5 later expiries

1—Dec 1139d—0——

1,471+2%Dec 1846d0.59

ExpiryPutsCallsP/C

Nov 64d228+20%763+295%0.30

Nov 1311d175+31%113+23%1.55

Nov 2018d3,525+2%6,213+1%0.57

Hatched = puts · solid = calls · bars scaled per expiry · chg = OI vs prior sessionSource: options EOD

Positioning

Linked exposure

scenario · straddle±8.6%

Funds 4

XLY±0.1%

FTC±0.0%

RSP±0.0%

SPY±0.0%

Suppliers 3

CPRI±3.8%×0.44

MS±2.3%×0.26

BAC±1.8%×0.21

Customers 2

CAL±4.1%×0.47

MOV±3.1%×0.36

Dashed = straddle · × = co-movement · max 501dMethod 2 more funds Source: SEC filings · N-PORT · market data

Linked exposure

Revenue flow

derived from FYQ4 FY26

18.53%derived from FYnet margin · revenue −2.29% QoQ · +8.90% YoY

Revenue

$1.9B−2.29% QoQ

Gross profit

$1.6B+5.90% QoQ

83.32% margin

Operating income

$442M+3.46% QoQ

23.57% margin

Pre-tax income

$429M+3.08% QoQ

Net income

$348M+1.16% QoQ

18.53% margin

Cost of revenue

$313M−29.52% QoQ

Operating expenses

$1.1B+6.89% QoQ

Other expense

$14M

Tax

$81M+12.19% QoQ

Revenue$1.9B−2.29%

Gross profit

$1.6B+5.90%

83.32% margin

Operating income

$442M+3.46%

23.57% margin

Pre-tax income

$429M+3.08%

Net income

$348M+1.16%

18.53% margin

Cost of revenue

$313M−29.52%

Operating expenses

$1.1B+6.89%

Other expense

$14M

Tax$81M+12.19%

flow · deduction · signed % = QoQDerived: FY − Q1–Q3 · QE Jun 27 '26 · width = $

Revenue flow

Intraday

15m bars

Long dash = implied range · Oct 30 close · Hatch = extended hours · ▯ up · ▮ down · bars = volume, 15mSource: market data · 19:45 ET

Intraday

Event sensitivity

PPI ×1.91· ±3.3% vs ±1.7% · 10 releases

eventrelease day|move|up · n×base

PPIproducer prices±3.3%5 of 10×1.91

CPROFcorporate profits±1.9%7 of 12×1.12

CPIconsumer prices±1.9%4 of 10×1.10

GDPgross domestic product±1.9%12 of 19×1.09

PCEpersonal income & outlays±1.7%12 of 19×0.98

FOMCrate decision±1.5%11 of 24×0.90

NFPjobs report±0.9%6 of 10×0.52

Bar = avg |move| to ±4% · tick = ±1.7% avg day · ×base = |move| ÷ ±1.7% · min 6 releases

Earnings history

EPS 1.66 · consensus —

Quarter	Reported	EPS	Consensus
Q4 FY26	Aug 13 '26 · confirmed	1.66	—
Q3 FY26	May 7 '26 · confirmed	1.65	—
Q2 FY26	Feb 5 '26 · confirmed	2.68	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod