Reported about 10 hours ago
Tapestry, Inc., the parent company of Coach and Kate Spade, reported fourth-quarter adjusted earnings of $1.04 per share, surpassing expectations and reflecting an 8% year-over-year revenue growth to $1.72 billion, primarily due to strong handbag sales. While facing tariff pressures that could impact profits by $160 million, analysts remain optimistic, projecting revenue for fiscal 2026 to be around $7.2 billion, supported by ongoing mitigation efforts and a higher dividend, which boosts confidence ahead of the upcoming Investor Day.
Source: YAHOO