Archive · 14 Aug 2025
Tapestry's Profit Outlook Dips Amid Tariff Costs, Revenue Forecast
Tapestry, the company that owns Coach and Kate Spade, is expecting its profits to be a little lower this year.
This is because of tariffs, which are extra taxes on imported goods.
These tariffs are costing the company about $160 million.
Coach is doing very well, with sales up, but Kate Spade is still working to improve.
The company hopes to manage the impact of these tariffs and is expecting around $7.2 billion in sales.
Coach is a popular brand, and the company is working to make sure both brands are successful.
Tapestry Inc. anticipates lower earnings per diluted share due to tariff costs.
Tariffs are projected to reduce earnings by 60 cents, representing about $160 million in extra costs.
Coach saw a 13% revenue increase, while Kate Spade experienced a 13% decrease in the recent quarter.
Tapestry forecasts revenue of nearly $7.2 billion for the fiscal year, slightly above expectations.
Coach is a top fashion brand with popular products, while Kate Spade is undergoing a brand reset.
- Who
- Tapestry Inc., owner of Coach and Kate Spade.
- What
- Tapestry Inc.'s profit outlook has been impacted by tariffs, leading to a decrease in earnings per share.
- When
- The fiscal year, ending in June.
- Where
- N/A
- Why
- Tariffs are increasing costs, impacting the company's profit.
- Earnings Per Share Impact
- Negative 60 cents due to tariffs
- Tariff Cost
- $160 million
- Fiscal Year Revenue Forecast
- Nearly $7.2 billion
- Coach Revenue Change
- Up 13%
- Kate Spade Revenue Change
- Down 13%
- Coach Ranking
- 5th hottest fashion brand (Lyst Index)