Tapestry Stock Soars on Strong Coach Sales and Raised Outlook
Tapestry (TPR) beats Q2 earnings with Coach brand driving 25% growth. Company raises FY2026 guidance as Gen Z embraces Tabby handbags despite Kate Spade struggles.
Tapestry (TPR) beats Q2 earnings with Coach brand driving 25% growth. Company raises FY2026 guidance as Gen Z embraces Tabby handbags despite Kate Spade struggles.
Tapestry lifted its full-year outlook after a strong quarter driven by Gen Z’s love for Coach handbags but forecast lower holiday earnings amid tariff pressures and cautious spending.
Tapestry's profit outlook missed due to $160M in tariffs, causing shares to drop. Despite this, revenue forecast at $7.2B (exceeding expectations). Coach thrives, up 13%, selling Stuart Weitzman to focus on it & Kate Spade.