Tapestry raises fiscal 2025 outlook as second-quarter revenue rises 5% to $2.2 billion
Tapestry reported fiscal second-quarter 2025 net sales of $2.20 billion, up 5% from a year earlier, with non-GAAP diluted EPS of $2.00 versus $1.63 a year earlier. Reported diluted EPS was $1.38, slightly below $1.39 a year earlier, after a $120 million loss on debt extinguishment tied to the terminated Capri Holdings merger. The company raised its fiscal 2025 non-GAAP EPS outlook to $4.85 to $4.90 from $4.50 to $4.55, and expects to return more than $2 billion to shareholders this fiscal year.
Key points
- Q2 net sales of $2.20 billion, up 5%; Coach sales rose 11% on a reported basis.
- Non-GAAP diluted EPS of $2.00 versus $1.63 a year earlier; reported diluted EPS of $1.38 versus $1.39.
- Fiscal 2025 non-GAAP EPS outlook raised to $4.85 to $4.90 from $4.50 to $4.55.
- Reported net income of $310 million, including a $120 million loss on debt extinguishment tied to the terminated Capri Holdings merger.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:10 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 06, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.