Coach parent Tapestry up after raising annual sales, profit forecasts

Tapestry

07/05/2026 11:58

** Shares of Coach parent Tapestry TPR.N rise 3% to $153.50 premarket

** Co raises annual sales, profit forecasts, banking on resilient demand from younger shoppers for its popular leather goods categories

** Now expects FY2026 revenue to be about $7.95 billion from prior projection of more than $7.75 billion. Analysts expect full-year revenue of $7.82 billion - LSEG-compiled data

** Sees EPS around $6.95, vs previous range of $6.40 to $6.45 per share, above expectations of $6.52

** Co also beat Q3 revenue and adjusted profit estimates

** As of last close, TPR up 16.5% YTD

 (Reporting by Sanskriti Shekhar in Bengaluru)

 ((Sanskriti.Shekhar@thomsonreuters.com))