Welcome back to Money Movers. Take a look at shares of Coach and Kate Spade owner Tapestry down double digits this morning despite posting a beat on the top and bottom lines for its fiscal Q1. The company delivering record revenue and 16% sales growth.With with us now at Post 9, a CNBC exclusive is Tapestry CEO Joanne Koerat. It's great to see you again. Welcome Joanne.>> Thank you Sarah. Good to see you Carl. It's great to be here.>> I mean you're still the top performing consumer discretionary stock year ...

Tapestry Inc., the parent company of Coach and Kate Spade, reported record quarterly revenue and stronger-than-expected earnings on Thursday. However, despite the upbeat financial performance and rais... ...

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"The Gen Z consumer, specifically, is highly fashion engaged, spending slightly more of their budget on fashion," she said.The company, which also includes Kate Spade, acquired over 2.2 million new customers globally in its fiscal 2026 first quarter, driven by growth in Gen Z consumers compared to the prior year. The company said that generation, which is typically defined as spanning in age from roughly 13 to 29, accounted for about 35% of new customers.In an interview with CNBC, Tapestry CEO Joanne Crevoi ...

Tapestry (NYSE:TPR) Q1 2026 Earnings Call November 06, 2025 08:00 AM ET Speaker1Hey, and welcome to this Tapestry conference call. Today's call is being recorded. Later, you will have the opportunity to ask questions during the question-and-answer session. You may register to ask a question at any time by pressing the star and one on your telephone keypad. You may withdraw yourself from the queue by pressing star two. At this time, for opening remarks and introductions, I would like to turn the call over to ...

This presentation contains certain "forward -looking statements" based on management's current expectations. Forward -looking stat ements include, but are not limited to, the statements under "Financial Outlook," statements regarding long term performance, statements regarding the Company's capital deployment plans, including anticipated annual dividend rates and share repurchase plans, and statements that can be identified by the use of forward -looking terminology such as "may," "can," "if," "continue," " ...

Tapestry reported higher first-quarter sales and profit and raised its full-year outlook as its Coach brand continues to attract Gen Z customers. ...

Tapestry Inc. wanted to supersize its business through acquisition — but staying focused and letting Coach drive results is working out just fine. Excluding the recently sold Stuart Weitzman business, Tapestry’s fiscal first-quarter sales shot up 16 percent to $1.7 billion. That included a 22 percent jump at Coach, to $1.4 billion. Kate Spade, where the turnaround is still a work in progress, slipped 8 percent to $260.2 million. More from WWD “Fundamentally what’s driving our growth is new customer acqui ...

The Marc Jacobs American homecoming is going to have to wait. Three sources told WWD that talks to sell the business to Jamie Salter’s Authentic Brands Group have fallen apart. More from WWD For now, the brand remains in the portfolio of LVMH Moët Hennessy Louis Vuitton, where it’s been since Jacobs became creative director of Louis Vuitton in 1997. But it’s not clear just how long that status quo will reign. Dealmakers rarely say die and talks sometimes start and stop over years before a transaction ac ...

By Anuja Bharat Mistry (Reuters) -Capri Holdings reported an unexpected quarterly loss on Tuesday and warned that tariffs could impact current quarter margins, amid rising economic uncertainty affecting consumer sentiment and business operations in the retail industry. The company - which imports the majority of products sold in the U.S. from countries including Vietnam and China - said it still expects the unmitigated tariff impact to be about $85 million in fiscal 2026. The U.S. imposes a 20% tariff o ...