Coach Parent Tapestry Lifts Full-Year Outlook, Says Tariffs 'Immaterial'
1. Tapestry reported Q3 adjusted EPS of $1.03, exceeding expectations. 2. Full-year revenue forecast raised to $6.95 billion, up 4% year-over-year. 3. Tariffs expected to have minimal impact on FY2025 due to inventory strategies. 4. Tapestry shares rose over 2.5% after the earnings announcement. 5. Company's shares are down since the canceled merger with Capri Brands.