The company said net sales for fiscal 2025 second quarter, ended December 28, 2024, rose 5% from a year earlier to $2.20 billion. By brand, it said Coach rose 11%, Kate Spade fell 10%, and Stuart Weitzman fell 15% on a reported basis.

1. 01

   The company said net sales for fiscal 2025 second quarter, ended December 28, 2024, rose 5% from a year earlier to $2.20 billion. By brand, it said Coach rose 11%, Kate Spade fell 10%, and Stuart Weitzman fell 15% on a reported basis.

2. 02

   Tapestry said gross margin for Q2 was 74.4%, versus 71.6% a year earlier. It said operating income was $493 million on a reported basis, with an operating margin of 22.4%, and $548 million on a non-GAAP basis, at 24.9%.

3. 03

   Tapestry said diluted EPS for Q2 was $1.38 on a reported basis (versus $1.39 a year earlier) and $2.00 on a non-GAAP basis (versus $1.63 a year earlier). It also said reported loss on extinguishment of debt was $120 million, reflecting the repayment of acquisition-related debt after the merger agreement with Capri Holdings Limited was terminated.

4. 04

   Tapestry raised its fiscal 2025 outlook, now expecting revenue of over $6.85 billion and diluted EPS of $4.85 to $4.90, up from prior guidance of $4.50 to $4.55. The company said it expects to return more than $2 billion to shareholders through dividends and share repurchases.

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AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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