Tapestry Lifts Fiscal 2027 Forecast as Coach Revenue Climbs 16%
Photo: TokenPost
Tapestry, the parent company of Coach and Kate Spade New York, raised its fiscal 2027 revenue and earnings forecasts Thursday, Nov. 5, after Coach’s first-quarter growth outweighed a decline at Kate Spade. The company now expects fiscal 2027 revenue of $8.5 billion to $8.6 billion, up from its previous range of $8.4 billion to $8.5 billion. It projects 6% to 7% growth on a constant-currency basis compared with the prior year. Tapestry lifted its non-GAAP diluted earnings-per-share forecast to $8.25 to $8.35 from $7.80 to $7.90. The new range represents projected growth of 17% to 18% from the prior year.
Source: TokenPost
