We recently published 10 Stocks Withstanding Market Turbulence. Tapestry Inc. (NYSE:TPR) was one of the best performers on Thursday.
Tapestry soared to a new all-time high on Thursday, as investors digested the company’s strong earnings performance in the second quarter of fiscal year 2026, alongside a higher growth outlook for the full year.
At intra-day trading, the stock climbed to its highest price of $145.42 before trimming gains to finish the session just up by 10.21 percent at $143.19 apiece.
In an updated report, Tapestry Inc. (NYSE:TPR) said that net income in the second quarter ending December surged by 81 percent to $561.3 million from only $310.4 million in the same quarter a year earlier. Net sales jumped by 14 percent to $2.5 billion from $2.19 billion year-on-year.
In the six-month period, Tapestry Inc. (NYSE:TPR) saw net income increase by 68 percent to $836.1 million from $497 million in the same period a year earlier, while net sales increased by 13.5 percent to $4.2 billion from $3.7 billion.
ArtStudia Group/Shutterstock.com
Looking ahead, Tapestry Inc. (NYSE:TPR) is targeting revenues of more than $7.75 billion, representing an 11 percent growth from a year earlier.
Diluted earnings per share are pegged at $6.40 to $6.45, representing growth of over 25 percent compared to the prior year, and exceeding previous guidance of $5.45 to $5.60.
Tapestry Inc. (NYSE:TPR) is the holding company of infamous brands such as Coach, Kate Spade, and Stuart Weitzman.
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Disclosure: None. This article is originally published at Insider Monkey.
