Tapestry, the parent of Coach and Kate Spade, lifted its fiscal‑year guidance after a 21% revenue rise to $1.92 billion in the quarter ending March. The boost stemmed from a surge in Coach sales, pushing the retailer’s top line higher than analysts had expected.

Quarterly earnings hit $343.8 million, or $1.65 a share, compared with $203.3 million and 95 cents a share a year earlier. The jump underscores the brand’s resilience amid a sluggish luxury market, giving investors confidence in the company’s pricing power.

The revised outlook signals that Tapestry believes the momentum will continue as Coach remains a key driver of growth. Investors will now watch how the company manages inventory and expands its digital footprint to sustain the uptick.

With the new guidance, Tapestry’s market cap stands to rise, reflecting stronger confidence from analysts and shareholders alike, and positioning the firm for a robust earnings trajectory through 2025.