Overview

• Tapestry reported a 45.8% increase in net income for Q3 2025, reaching $203.3 million, with adjusted EPS of $1.03 surpassing analyst expectations of $0.88.
• Revenue climbed 7% year-over-year to $1.58 billion, driven by a 13–15% increase in Coach sales to $1.29–1.3 billion, while Kate Spade and Stuart Weitzman saw declines of 13% and 18%, respectively.
• Coach achieved a record gross margin of 79%, supported by strong performance in leather goods and accessories, with significant contributions from Gen Z and millennial consumers.
• Tapestry raised its full-year guidance, projecting adjusted EPS of $5.00 and revenue of $6.95 billion, up from prior forecasts of $4.85–4.90 and $6.85 billion, respectively.
• Despite global trade tensions, the company expects tariffs to have minimal impact on fiscal 2025 due to strategic inventory and supply chain management.