Close Menu
  • Homepage
  • Local News
  • India
  • World
  • Politics
  • Sports
  • Finance
  • Entertainment
  • Business
  • Technology
  • Health
  • Lifestyle
Facebook X (Twitter) Instagram
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • DMCA
Facebook X (Twitter) Instagram Pinterest
JHB NewsJHB News
  • Local
  • India
  • World
  • Politics
  • Sports
  • Finance
  • Entertainment
Let’s Fight Corruption
JHB NewsJHB News
Home»Finance»Tapestry lifts forecasts on booming demand for Coach handbags
Finance

Tapestry lifts forecasts on booming demand for Coach handbags

May 10, 2025No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Tapestry lifts forecasts on booming demand for Coach handbags
Share
Facebook Twitter LinkedIn Pinterest Email

By Savyata Mishra

(Reuters) -Tapestry on Thursday raised its 2025 income and revenue forecasts for a 3rd time this yr, benefiting from larger full-price sale of its standard Coach purses and restricted publicity to the sweeping U.S. tariffs.

Regular demand for the corporate’s Tabby, Brooklyn and Empire leather-based purses amongst youthful buyers in North America, Europe and China helped it beat third-quarter outcomes expectations.

The corporate’s gross sales have been boosted by product improvements, a pointy advertising and marketing technique and full-price promoting and are available regardless of a downturn within the luxurious market that has damage gamers resembling French luxurious teams LVMH and Kering.

“Tapestry, has discovered a candy spot within the luxurious meals chain … siphoning off high-end prospects now reconsidering whether or not they really want a five-figure purse,” mentioned Michael Ashley Schulman, chief funding officer at Working Level Capital Advisors.

Tapestry’s value will increase boosted margins, which grew 140 foundation factors within the quarter from final yr. Its Empire luggage are priced between $250 and $895 on Coach’s web site, whereas Tabby’s commonplace shoulder luggage promote for $450.

Coach merchandise are made in Vietnam, Cambodia, the Philippines and India with no vendor offering 10% or extra of whole stock purchases, in line with Tapestry’s 2024 annual report. It additionally had restricted publicity to China.

The corporate’s shares shed some early features to commerce 5% larger after the Kate Spade-owner gave a conservative revenue forecast for the fourth quarter as a result of macroeconomic uncertainty.

Firm executives mentioned Tapestry introduced in stock to the U.S. forward of tariffs going into impact in April and was optimizing its world provide chain to reduce publicity to duties.

It expects revenue of round $5 per share, in comparison with a previous forecast of $4.85 to $4.90. Annual income is projected to be about $6.95 billion, in comparison with its earlier expectation of greater than $6.85 billion.

Internet gross sales for the quarter ended March 29 got here in at $1.58 billion, above estimate of $1.53 billion, in line with information compiled by LSEG. It earned $1.03 per share, beating estimates of 88 cents.

(Reporting by Savyata Mishra in Bengaluru; Enhancing by Arun Koyyur)

Source link

booming coach demand forecasts Handbags lifts Tapestry
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Kilroy reports lackluster earnings as West Coast tenants downsize

May 10, 2025

Paycom Makes Solid Progress

May 10, 2025

US oil and gas rig count falls to lowest since January, Baker Hughes says

May 9, 2025

Clarium raises $27m funding to enhance AI-driven solutions for healthcare

May 9, 2025
Add A Comment
Leave A Reply Cancel Reply

Editors Picks

‘We thought civilians were safe… that belief has been shattered’: In line of Pak fire, Poonch empties out | India News

May 10, 2025

Should you ever drink and smoke together?

May 10, 2025

Cleveland Cavaliers vs Indiana Pacers Game Player Stats and Box Score for May 9

May 10, 2025

Jimmy Kimmel Hits ‘MAGA Hat’ Trump Fans With Blunt Reality Check

May 10, 2025
Popular Post

Blinken to participate in Quad foreign ministers meet in Delhi | World News

Detentions Of European Tourists At U.S. Borders Spark Fears Of Traveling To America

TikTok could soon allow you to upload hour-long videos

Subscribe to Updates

Get the latest news from JHB News about Bangalore, Worlds, Entertainment and more.

JHB News
Facebook X (Twitter) Instagram Pinterest
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • DMCA
© 2025 Jhb.news - All rights reserved.

Type above and press Enter to search. Press Esc to cancel.