Tapestry Stock Sets All-Time High on Soaring Coach Sales
Key Takeaways
Tapestry (
TPR
) shares surged nearly 15% to a record high as the owner of fashion retail brands set record holiday-quarter revenue and boosted its guidance on strong sales of its Coach products.
The parent of brands that also include Kate Spade and Stuart Weitzman reported fiscal 2025 second-quarter adjusted
earnings per share (EPS)
of $2.00, with revenue up 5% year-over-year to $2.20 billion. Both were above Visible Alpha estimates.
Coach sales soared 11% year-over-year to $1.71 billion, while sales at Kate Spade fell 10% to $416.4 million and they dropped 15% to $69.7 million at Stuart Weitzman.
The company said that during the period it advanced its strategic priorities, “resulting in accelerated revenue and adjusted EPS growth, and significant
cash flow
generation against a complex global economic and consumer environment.”
Tapestry Raises Full-Year Profit, Sales Outlook
Tapestry now sees full-year 2025 EPS of $4.85 to $4.90 compared to the earlier $4.50 to $4.55. It anticipates revenue at $6.85 billion, about 3% above 2024 and ahead of the 1% to 2% growth it predicted in its previous outlook.
Shares of Tapestry soared more than 14% to $83.86 in recent trading after touching a record $87.87 earlier Thursday morning. They have doubled over the last year.
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