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Tapestry (TPR)
:TPR
Earnings Data
Report Date
May 08, 2025TBA Not Confirmed
Period Ending
2025 (Q3)Consensus EPS Forecast
0.88Last Year’s EPS
0.81Same Quarter Last Year
Strong Buy
Based on 18 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 06, 2025
|% Change Since: 17.91%
|Next Earnings Date:May 08, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted strong performance at Coach and impressive growth in Europe, alongside a successful customer acquisition strategy and raised fiscal year outlook. However, challenges at Kate Spade and Stuart Weitzman, along with high inventory levels, present areas of concern. Overall, the positive aspects outweigh the negatives, leading to an optimistic outlook.Company Guidance
During the second quarter of fiscal year 2025, Tapestry exceeded expectations with a 5% revenue increase, driven by 10% growth at Coach and a 7% rise in international revenue, including a 42% surge in Europe. In North America, sales rose by 4%, with the brand acquiring 2.7 million new customers, over half of whom were Gen Z and millennials, who also transacted at higher average unit retail (AUR) prices. The company maintained robust digital sales, representing nearly one-third of revenue, and achieved record earnings per share, up over 20% from the previous year. The brand's gross margin expanded by 280 basis points, largely due to operational efficiencies, and Tapestry raised its full-year outlook, forecasting a $6.85 billion revenue, equating to a 3% growth, and an EPS increase to $4.85-$4.90, reflecting 13% to 14% growth. With strong cash flow, the company plans to return over $2 billion to shareholders in fiscal 2025, maintaining a focus on long-term growth and shareholder value.Record Quarterly Revenue and Earnings Per Share
Tapestry achieved record quarterly revenue and earnings per share, exceeding expectations with a 5% total revenue increase and over 20% growth in earnings per share compared to the prior year.
Coach's Strong Performance
Coach reported a 10% constant currency revenue gain with significant margin expansion, highlighting 270 basis points of gross margin expansion and a 210 basis point lift in operating margin.
Impressive Growth in Europe
Revenue in Europe increased by 42% at constant currency, driven by strong performance across all brands and channels, indicating a significant runway for growth.
New Customer Acquisition
Tapestry acquired approximately 2.7 million new customers in North America, with over half being Gen Z and millennials, highlighting a focus on building lifetime value with younger consumers.
Omnichannel Strength
Digital revenue grew by high single digits, representing about one-third of revenue at accretive margins, while global brick and mortar sales also rose, contributing to strong profitability.
Raised Fiscal 2025 Outlook
Tapestry raised its outlook for fiscal year 2025, expecting over $6.85 billion in revenue, representing approximately 3% growth compared to the prior year.
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TPR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TPR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 06, 2025 | $73.38 | $82.20 | +12.02% |
| Nov 07, 2024 | $49.49 | $51.27 | +3.60% |
| Aug 15, 2024 | $37.43 | $38.65 | +3.26% |
| May 09, 2024 | $38.13 | $39.49 | +3.57% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Tapestry (TPR) report earnings?
Tapestry (TPR) is schdueled to report earning on May 08, 2025, TBA Not Confirmed.
What is Tapestry (TPR) earnings time?
Tapestry (TPR) earnings time is at May 08, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TPR EPS forecast?
TPR EPS forecast for the fiscal quarter 2025 (Q3) is 0.88.
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