Financial research concept

Luxury Accessories Coach Gross Margin

measures Coach gross profit as a percentage of brand net sales.

By Lee BaileyPublished Oct 1, 2026

Research context

See what supports this page, how current it is, and where comparable or historical context is available.

Research date: Oct 1, 2026Use the dated article and cited sources for the definition, examples, and stated limitations.
Operating-model context: 10 connected conceptsPart of the reviewed Luxury Accessories Brand Economics; issuer definitions remain distinct where disclosed.
Company examples: 1 reviewed companyRelationships reflect supported examples, not a normalized cross-company KPI ranking.

Reported and adjusted margin differed
Gross margin stops before brand SG&A
Part of the Luxury Accessories Brand Economics
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Luxury accessories Coach gross margin measures Coach gross profit as a percentage of brand net sales.

Tapestry reported a 79.7% Coach gross margin in fiscal 2026, up from 78.1% in fiscal 2025. Coach gross profit was $5.512B.

Reported and adjusted margin differed

Excluding items affecting comparability, Coach gross margin was 78.8%, up 70 basis points from fiscal 2025.

The reported measure therefore should not be silently substituted for the company's adjusted margin.

Gross margin stops before brand SG&A

Coach SG&A was 43.0% of sales, so gross margin does not represent final segment operating conversion.

Compare the margin with Coach constant-currency sales growth and Coach handbag sales mix.

Primary source: Tapestry fiscal 2026 Form 10-K.

Part of the Luxury Accessories Brand Economics

Connects Tapestry brand growth, product-category sales mix, and brand gross-margin conversion across Coach and Kate Spade.

Browse the full operating model in Company Analysis →

Where this concept fits

Brand gross-margin conversionCurrent relationship
Coach and Kate Spade gross margins show how each brand converts net sales after product costs while preserving reported-versus-adjusted margin and below-gross-profit SG&A boundaries.
Coach Gross MarginCurrent conceptKate Spade Gross Margin
Brand constant-currency growth
Coach and Kate Spade constant-currency growth separate brand-level demand from foreign-exchange translation while retaining DTC, geography, and channel effects.
Coach Constant-Currency Growth Kate Spade Constant-Currency Growth
Brand assortment mix
Handbag, accessories, and footwear sales mix show how each brand's assortment composition changes even when absolute category dollars and total brand sales move differently.
Coach Accessories Sales Mix Coach Footwear Sales Mix Coach Handbag Sales Mix Kate Spade Accessories Sales Mix Kate Spade Footwear Sales Mix Kate Spade Handbag Sales Mix

See It in Company Research

These companies are examples of how the concept is reported or discussed in public filings. Definitions can differ by issuer; these links open company research rather than a normalized metric comparison.

TPROpen operating-model research →10 of 10 reviewed concepts in Luxury Accessories Brand EconomicsBrand gross-margin conversion2 of 2 bridge concepts supportedContinue through this bridge:Kate Spade Gross Margin

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Compare Coach gross margins

Compare Coach gross-margin conversion while keeping reported versus adjusted margin and SG&A below gross profit distinct.

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