Tapestry, the parent company of Coach, Kate Spade, and Stuart Weitzman, reported strong financial results for Q3 2025, with its net revenue rising by 7% to a record $1.6 billion.
Additionally, the conglomerate saw its net sales go up by 7% to $1.58 billion, and net income totaled $203 million compared to $139 million in the year prior.
Joanne Crevoiserat, Chief Executive Officer of Tapestry, said: “Our third-quarter outperformance reinforces our position of strength. We accelerated top and bottom-line growth and raised our outlook for the fiscal year, demonstrating the power of brand building and our connections with consumers around the world.
“Importantly, while the external backdrop is complex, our vision remains clear. We are confident in our future and the meaningful opportunity to deliver durable growth and shareholder value.”
The brand was successful in expanding its customer reach, acquiring 1.2 million new customers in North America, and was particularly popular among younger shoppers.
Tapestry’s record sales were driven by the success of the Coach brand, which generated a record $1.3 billion in Q3 2025.
Another brand under the portfolio, Kate Spade, launched an exclusive collection in collaboration with Target in April 2025.
Earlier this year, Tapestry announced its plan to sell luxury footwear brand Stuart Weitzman for $105 million in a deal that is expected to be completed this summer.
Moving forward, Tapestry raised its fiscal outlook despite the changing macroeconomic backdrop, citing its confidence in its recent sales and performance.
The brand expects its revenue for the full fiscal year 2025 to rise by 4% to $6.95 billion and expects to end the year with EPS of $5.00, which was raised from the company’s previous guidance of $4.85 to $4.90.
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