Tapestry Reports 11% Revenue Growth Driven by Coach Performance
Tapestry (TPR) reported a strong first fiscal quarter, with total revenue increasing 11% to $1.89 billion. On a pro forma basis—which excludes the recently divested Stuart Weitzman business—revenue growth was even higher at 12%, signaling robust underlying demand for its core brands. The performance was primarily driven by Coach, which saw a 16% revenue surge to $1.66 billion, fueled largely by increased popularity among Gen Z consumers. This growth helped offset a 10% decline in the Kate Spade segment, which brought in $233 million during the period.
Tickers: $TPR
Topics: fiscal quarter results revenue growth segment performance