Tapestry Sets Record Q2 Sales, Boosting Guidance on Strong Coach Sales
Key Metrics
* Shares surged over 14% to reach an all-time high
* Revenue rose 5% year-over-year to $2.2 billion, exceeding estimates
* Coach brand sales soared 11% to $1.71 billion
Company Highlights
* Advanced strategic priorities, driving revenue and EPS growth
* Strong cash flow generation despite challenging economic conditions
Updated Guidance
* Raised full-year 2025 EPS outlook to $4.85-$4.90 from $4.50-$4.55
* Revenue expected at $6.85 billion, 3% higher than previous projections
Stock Performance
* Shares have more than doubled over the past year