Tapestry exceeded expectations in the third quarter of the current financial year. The growth of sales was powered by the Coach brand and in the Europe region. For the period that ended on March 29, 2025, the company, which also includes Kate Spade and Stuart Weitzman, showed sales of $ 1.58 billion (1.4 billion euros), which corresponds to a currency-adjusted growth of eight percent compared to the previous year.
Coach was the only brand within the portfolio, which recorded an increase in sales and reached $ 1.29 billion, an increase of 15 percent compared to the previous year. Kate Spade, on the other hand, recorded a decrease in sales from $ 12 percent to $ 244.9 million, while Stuart Weitzman suffered the greatest break-in with a decline in sales from $ 176.2 million.
The group’s gross profit was $ 1.21 billion, with a gross profit margin of 76.1 percent. This was an improvement compared to the third quarter of the previous year when the company distributed a profit of $ 1.11 billion. Meanwhile, the operating result also rose from $ 204 million to $ 254 million. The net win was $ 203 million during this period.
Europe and coach drive sales ahead
With regard to the regions, Europe recorded the largest sales growth with an increase of 35 percent to $ 92.9 million. This was followed by the Asian countries outside of Japan and Großchina, for which sales rose by 14 percent. While sales in China rose by $ 2 $ 278.9 million, he dropped by $ 93.9 million in Japan. However, North America remained strong and recorded sales of $ 951.7 million, which corresponds to a growth rate of 9 percent.
In an explanation, the Chief Executive Officer (CEO) of Tapestry, Crevoiserate, said that the “outperformance” underpinned the “position of strength” of the group in the third quarter and caused it to raise its forecast for the year. “It is important that our vision remains clear, even if the external environment is complex,” added Crevoiserat. “We are still geared towards action and will use our competitive advantages, including our global reach, our convincing value and our strong fundamental data, to adapt and gain in every environment.”
For 2025, Tapestry now expects sales of around $ 6.95 billion, which corresponds to growth of 4 percent, compared to the previously estimated increase of 3 percent.
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