Coach Owner Tapestry Reports Earnings Beat and Raises Outlook. The Stock Soars. - Barron's
1. TPR shares rose 16% after beating earnings expectations. 2. Fiscal Q2 earnings were $2 per share, surpassing $1.75 estimate. 3. Revenue increased 5% year-over-year, driven by Coach brand growth. 4. Full-year earnings guidance raised to $4.85-$4.90, above market expectations. 5. Revenue outlook improved to $6.85 billion, exceeding earlier projections.