Tapestry's Q2 Sales Climb 5% to $2.20B Despite Capri Deal Termination
Tapestry, Inc.Description
What this story covers
Tapestry Inc. reported Q2 net sales of $2.20B, up 5%, driven by Coach's 11% growth amid economic challenges. Gross margins improved to 74.4% via pricing. Post-Capri acquisition termination, they cut debt, repurchased $2B in shares, and refocused on organic expansion targeting 5-7% long-term sales growth. Liquidity exceeds $3B.
Story snapshot
CompanyTapestry, Inc.
TickerTPR
VariantStandard detailed
Duration11:36
Filing type10-Q
PeriodQ2 2025
IndustryConsumer Goods
Accession0001116132-25-000005
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