Tapestry Inc. (NYSE:TPR) is one of the best multibagger stocks to invest in according to billionaires. On February 5, Tapestry delivered record-breaking performance in FQ2 2026, with total revenue rising 14% to $2.5 billion. On a pro forma basis (which excludes results from the recently divested Stuart Weitzman brand), revenue grew 18%, led by a powerful 25% gain at the Coach brand. This was fueled by holiday demand and the company’s Amplify strategy, which helped acquire over 3.7 million new customers globally, a third of whom are Gen Z.

The company’s strong cash flow generation, reaching $1.04 billion in adjusted free cash flow for the quarter, has allowed the company to increase its planned return to shareholders. Tapestry Inc. (NYSE:TPR) now expects to return $1.5 billion in FY2026 through dividends and share repurchases, up from the previous outlook of $1.3 billion. This includes a $1.2 billion share buyback program, an increase of $200 million over prior guidance.

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Looking ahead, Tapestry has raised its full-year FY2026 outlook across all key metrics. The company now expects annual revenue to exceed $7.75 billion and diluted EPS to reach between $6.40 and $6.45, representing growth of over 25% compared to the prior year. This updated guidance reflects management’s confidence in the Coach brand’s momentum and the company’s ability to maintain high margins despite global trade and inflationary pressures.

Tapestry Inc. (NYSE:TPR) provides accessories and lifestyle brand products in North America, Greater China, the rest of Asia, and internationally. The company operates in three segments: Coach, Kate Spade, and Stuart Weitzman.

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