Tapestry Posts its Best Quarter Ever with $2.5 Billion in Revenue and Raises its Full Year Outlook

The quarter came in well ahead of expectations across revenue, operating profit, and earnings per share, prompting the company to raise its full year outlook across every key financial metric.

Coach Is the Engine Driving Everything The standout number in the results was Coach, which posted 25% revenue growth in the quarter, an extraordinary result for a brand of its scale and maturity.

Handbag average unit retail prices and unit volumes each grew at a mid teens rate, contributing roughly equally to the brand’s momentum and pointing to both stronger pricing power and wider customer reach. Geographically, the brand drove growth across all major markets.

Greater China was the standout region with 34% pro forma constant currency growth, while Europe climbed 22% and North America added 17%. Total direct to consumer revenue grew 17% on a pro forma basis, led by digital growth of approximately 20%…