Tapestry's Triple Treat: Strong Q2 Results, Upbeat Guidance, And Surging Stock
1. TPR stock doubled since January 2024, outperforming S&P 500's 27% gain. 2. Q2 Coach sales increased 10% YOY, stabilizing Tapestry's overall performance. 3. Fiscal 2025 EPS guidance raised to between $4.85 and $4.90. 4. China's luxury market expected to reach $178 billion by 2025. 5. 2.7 million new customers added, primarily from Gen Z and Millennials.