Tapestry stock jumps 11% as Coach’s Tabby handbag demand powers outlook raise
Tapestry shares jumped 11% Thursday after the company raised its full-year outlook, reporting a 14% rise in quarterly sales to $2.50 billion and stronger margins. Coach revenue surged 25% to $2.14 billion on strong demand for Tabby handbags, while Kate Spade sales fell 14%. The company flagged tariff pressures but said price hikes and cost cuts should offset the impact.