泰佩思琦集团2026财年第二季度销售额同比增长14%，中国市场销售额同比增长34%

Core Insights - The company reported record high sales, operating profit, and diluted earnings per share for Q2 of FY2026, exceeding expectations and raising its full-year performance forecast [1][2] Financial Performance - Q2 sales reached $2.5 billion, a 14% year-over-year increase; adjusted sales growth, excluding Stuart Weitzman, was 18%, driven primarily by a 25% increase in COACH brand performance [1] - Operating profit margin improved by 620 basis points under GAAP, with diluted earnings per share at $2.68, a 94% year-over-year increase; on a non-GAAP basis, operating profit margin increased by 390 basis points, and diluted earnings per share reached $2.69, a 34% year-over-year increase [1] - The company expects FY2026 sales to exceed $7.75 billion, with a nominal growth of approximately 15%; operating profit margin is projected to improve by about 180 basis points, and diluted earnings per share is anticipated to be between $6.40 and $6.45, representing over a 25% year-over-year increase [2] Customer Growth and Market Performance - The company added over 3.7 million new customers globally in Q2, with Generation Z accounting for about one-third of new customers; core leather goods category growth accelerated, with COACH handbag average price and sales achieving mid-double-digit growth [1] - All core markets experienced growth, with North America up 17%, Europe up 22%, and Asia-Pacific up 18%; the Chinese market saw a remarkable growth of 34%, while direct sales channel total sales increased by 17%, and digital business sales grew by approximately 20% [1] Shareholder Returns - The company plans to return $1.5 billion to shareholders in FY2026 through dividends and share buybacks, an increase from the previous expectation of $1.3 billion; the annual dividend is expected to remain at $1.60 per share, with a plan to repurchase approximately $1.2 billion of common stock [1] Strategic Outlook - The CEO highlighted that the Q2 performance reflects the cumulative effect of the company's "efficiency growth strategy," aiming for sustainable growth and long-term value creation through validated strategic pathways and structural advantages [2]