Tapestry Shares Hit a Record on Soaring Sales of its Coach Products | Global News Avenue

tapestry(TPR) Stocks soared nearly 15% to record records as owners of fashion retail brands set record holiday quarterly revenue and boosted guidance on strong sales of their coaching products.

Brand parents, also including Kate Spade and Stuart Weitzman, reported adjustments for fiscal 2025 Earnings per share (EPS) Revenue of $2.00 rose 5% year-on-year to $2.2 billion. Both are higher than the visible alpha estimation.

Coach sales rose 11% year-on-year to $1.71 billion, while Kate Spade’s sales fell 10% to $416.4 million, down 15% at Stuart Weitzman to $69.7 million.

The company said it increased its strategic focus during this period, “causing revenue accelerated and adjusted EPS growth, and a large number of cash flow Oppose the emergence of a complex global economic and consumer environment. ”

Tapestry increases profits throughout the year, sales prospects

Tapestry now has full-year earnings per share of $4.85 to $4.90, compared with early $4.50 to $4.55. It expects revenue to be $6.85 billion, up from 3% in 2024 and ahead of a 1% to 2% growth forecast in its previous outlook.

Stocks in the tapestry surged more than 14% to $83.86 after hitting a record $87.87 Thursday morning. They have doubled over the past year.