Tapestry plunges after Q2 profit forecast below estimates

Tapestry

06/11/2025 15:30

** Shares of Coach handbag maker Tapestry TPR.N fall 13% to $95.11 in early trading

** Co forecasts Q2 EPS of around $2.15, below estimate of $2.17 - data compiled by LSEG

** Co raises annual profit and sales forecast on robust demand of its Coach handbag amid tariff woes

** Raises adjusted EPS forecast for fiscal 2026 in the range of $5.45 to $5.60, compared with its earlier target of $5.30 to $5.45

** Expects revenue growth in the range of 7% to 8%, above its earlier target of an increase at a mid-single-digit rate

** Q1 net sales of $1.70 billion beating estimates of $1.64 billion

** Quarterly adjusted EPS of $1.38 vs estimates of $1.26

** As of last close, stock up 67.3% YTD

 (Reporting by Koyena Das)

 ((koyena.das@thomsonreuters.com))