Tapestry falls after forecasting annual profit below estimates amid tariff woes

Tapestry

14/08/2025 16:10

Updates

**  Shares of Coach handbag maker Tapestry TPR.N fall as much as 18.4% to $92.62

** Stock set for its worst day since March 2020, if losses hold

** Company forecast annual adjusted EPS between $5.30 and $5.45, below an estimate of $5.49 - data compiled by LSEG

** Says profit forecast includes a negative impact of incremental tariffs and duties of over 60 cents

** Estimates a projected tariff and trade policy impact of approximately 230 basis points to operating margin in fiscal 2026 after consideration of mitigating actions

** However, Tapestry forecast annual revenue to be about $7.2 billion, versus analysts' estimate of $7.11 billion, and beat revenue and profit estimates for Q4

** Up to last close, stock has risen ~74% YTD

 (Reporting by Neil J Kanatt in Bengaluru)

 ((Neil.JKanatt@thomsonreuters.com;))