Tapestry Surpasses EPS Expectations
(NYSE:TPR), the company behind well-known brands like Coach, Kate Spade, and Stuart Weitzman, announced its second-quarter fiscal results on February 6, 2025. The company reported adjusted earnings per share (EPS) of $2.00, beating analyst predictions of $1.75 by 14.3%. Revenue also exceeded expectations, reaching $2.20 billion compared to the forecasted $2.11 billion. This performance signifies a strong quarter for Tapestry, primarily led by the Coach brand's 10% constant-currency revenue growth.
Source: Analyst estimates for the quarter provided by FactSet.
Tapestry is a multinational luxury fashion holding company that owns renowned brands such as Coach, Kate Spade, and Stuart Weitzman. The company's core strategy revolves around nurturing its brand portfolio, focusing on strategic growth priorities, and advancing its direct-to-consumer approach. With Coach accounting for the majority of its revenue, Tapestry's ability to effectively manage and market its brands is essential to its success. The company has prioritized building customer relationships, ensuring product excellence, and expanding its global reach as part of its 2025 growth strategy.
Source Fool.com
