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.
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Tapestry Raises Annual Targets but Warns of Soft Holiday Quarter
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 Navigates Tariff Troubles
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.