Tapestry Lifts FY Outlook Amid Coach Boom

Dow Jones

May 07

By Katherine Hamilton

Tapestry raised its full-year outlook after its Coach brand drove a jump in sales during the fiscal third quarter.

The fashion company behind Coach and Kate Spade on Thursday posted a profit of $343.8 million, or $1.65 a share, in the quarter ended in late March, compared with $203.3 million, or 95 cents a share, a year earlier.

Stripping out certain one-time items, adjusted per-share earnings were $1.66, ahead of the $1.30 anticipated by analysts, according to FactSet.

Revenue jumped 21% to $1.92 billion. Analysts surveyed by FactSet forecast revenue of $1.79 billion.

Coach sales drove much of the growth, with revenue increasing 31% compared with Kate Spade's 10% decline.

Tapestry raised its full-year sales outlook to $7.95 billion, from prior guidance of $7.75 billion. It also now projects earnings will be $6.95 a share, up from $6.40 a share to $6.45 a share.

Write to Katherine Hamilton at katherine.hamilton@wsj.com

(END) Dow Jones Newswires

May 07, 2026 07:23 ET (11:23 GMT)

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It also now projects earnings will be $6.95 a share, up from $6.40 a share to $6.45 a share. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Write to Katherine Hamilton at katherine.hamilton@wsj.com \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 07, 2026 07:23 ET (11:23 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"TPR","symbol_name":"Tapestry Inc.","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2633614619","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2633614619","pubTimestamp":1778152980,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Tapestry raised its full-year outlook after its Coach brand drove a jump in sales during the fiscal third quarter.The fashion company behind Coach and Kate Spade on Thursday posted a profit of $343.8 million, or $1.65 a share, in the quarter ended in late March, compared with $203.3 million, or 95 cents a share, a year earlier.Stripping out certain one-time items, adjusted per-share earnings were $1.66, ahead of the $1.30 anticipated by analysts, according to FactSet.Revenue jumped 21% to $1.92 billion. 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