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Tapestry's CEO says US shoppers are strong as Coach prepares for an important holiday season.

ResultsRead the original at Benzinga
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Tapestry beat profit and sales estimates, raised its yearly forecast, and Coach sales rose 16%. Kate Spade sales fell 10%, and quarterly profit may vary, but the stronger results and higher forecast point to better prospects.

TPR · Tapestry Inc.

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The AI's read

Coach is driving the business, with sales rising across regions and fewer discounts planned for the holiday season. Higher margins and the plan to return about $2 billion to shareholders add support. Kate Spade sales fell, and management expects quarterly profit to vary as tariff conditions and investment timing change. Still, broad growth and the higher yearly forecast support a better view.

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