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Tapestry’s Coach Leads Q4 Growth Amid Soft Outlook

Wall Street Journal US Business •
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Revenue for Tapestry’s fiscal fourth quarter rose 9% to $1.88 billion, with the Coach brand driving sales growth for a second consecutive quarter. The parent company of Coach and Kate Spade reported a profit of $347.8 million, or $1.68 per share, compared with a loss of $517.1 million a year earlier.

After stripping out one‑time items, adjusted per‑share earnings were $1.32, surpassing analysts’ forecast of $1.28. The company’s strong performance helped offset its softer outlook for the upcoming fiscal year.

Fact Set analysts had projected revenue of $1.87 billion; Tapestry’s actual $1.88 billion slightly exceeded expectations, signaling resilience in the luxury apparel sector.

Overall, the results underscore Coach’s pivotal role in Tapestry’s profitability while the company signals caution docking future growth prospects.