Tapestry reports 25% year-over-year sales growth
Tapestry, the owner of brands Coach and Kate Spade, has delivered consistent double-digit sales increases over the past few years.
The company’s pro forma net sales surged 25% year over year, with adjusted earnings up 62%.
Tapestry’s gross profit margin has steadily improved over the past three years, a sign of the brand strength and pricing power of its biggest brand.
The company is winning big with Gen Z and gaining market share across North America, Europe, and China.