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U.S. equities were lower at midday as wholesale inflation rose more than expected in July. The Dow Jones Industrial Average, S&P 500, and Nasdaq were all down.
Tapestry shares tumbled Thursday after the company warned that a challenging year lay ahead for its Kate Spade brand, even as sister label Coach delivered robust growth. The share price was down by close to 14% at 10:51 am on Thursday.
Tapestry (TPR) shares slumped 15% Thursday after owner of fashion brands gave a weaker-than-expected outlook as it warned it would take a significant hit from new tariffs.
Tapestry Inc (NYSE:TPR) shares plunged almost 17% in early trade as Coach, Kate Spade New York and Stuart Weitzman parent company issued cautious guidance for fiscal 2026. The company said it expects revenue of $7.2 billion, representing low-single-digit growth year-over-year.
While the top- and bottom-line numbers for Tapestry (TPR) give a sense of how the business performed in the quarter ended June 2025, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Tapestry (TPR) came out with quarterly earnings of $1.04 per share, beating the Zacks Consensus Estimate of $1.01 per share. This compares to earnings of $0.92 per share a year ago.
Tapestry forecast annual profit below estimates on Thursday, as the Coach handbag maker expects higher costs due to tariff to hit its margins, sending its shares down 17% in premarket trading.
NEW YORK--(BUSINESS WIRE)--Tapestry, Inc. (NYSE: TPR), a house of iconic accessories and lifestyle brands, today reported results for the fiscal fourth quarter and full year ended June 28, 2025. Joanne Crevoiserat, Chief Executive Officer of Tapestry, Inc., commented: “Fiscal 2025 was a breakout year for Tapestry as our systemic approach to brand-building is capturing a new generation of consumers around the world. Our strong growth, capped by our fourth quarter outperformance, reinforces that.
Tapestry, Inc. TPR will release earnings results for the fourth quarter before the opening bell on Thursday, Aug. 14.
Note: Tapestry's FY'25 concluded in June 2025.