Group 1: Jobless Claims Data - Initial Jobless Claims reached 231K, exceeding expectations of 212K and the previous week's 209K, marking the highest level of 2026 so far [2] - Continuing Claims increased to 1.844 million from a revised 1.819 million the prior week, still favorable compared to the past six months where it ranged between 1.93 and 1.97 million [3] Group 2: Earnings Reports - Bristol Myers-Squibb (BMY) reported earnings of $1.26 per share, beating the Zacks consensus of $1.15, resulting in a 9.57% earnings beat, with shares up 1.7% [4] - ConocoPhillips (COP) missed earnings estimates by 6 cents, reporting $1.02 per share, leading to a 5.6% earnings miss and a 3.3% drop in shares [5] - Ralph Lauren (RL) posted earnings of $6.22 per share, surpassing expectations of $5.80 with a 7.2% positive surprise, although shares fell 6.5% due to declining annualized revenue growth [6] - Tapestry (TPR) reported earnings of $2.69 per share, exceeding the Zacks consensus of $2.20, with shares up 5.9% [7] - Other notable earnings beats included Hershey's (HSY) at +21.28% and ArcelorMittal (MT) at +53.57%, while MasterCraft Boat (MCFT) had the largest beat at +81.25%, despite a revenue miss leading to a 1.2% drop in shares [8]

Tapestry Inc (NYSE:TPR) stock was last seen up 3.7% at $134.68, and earlier surged to a record high of $142.22, after the company announced better-than-expected fiscal second-quarter results. Coach's quarterly revenue jumped 25% with help from Tabby handbags, which have become popular amongst Gen-Z customers, leading the global fashion conglomerate to lift its full-year forecast. Year over year, TPR is up 84% after tacking on 36% in just the last three months. Prior to today's bull gap, the stock found unde ...

About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government ...

Core Insights - The company reported record high sales, operating profit, and diluted earnings per share for Q2 of FY2026, exceeding expectations and raising its full-year performance forecast [1][2] Financial Performance - Q2 sales reached $2.5 billion, a 14% year-over-year increase; adjusted sales growth, excluding Stuart Weitzman, was 18%, driven primarily by a 25% increase in COACH brand performance [1] - Operating profit margin improved by 620 basis points under GAAP, with diluted earnings per share at $2.68, a 94% year-over-year increase; on a non-GAAP basis, operating profit margin increased by 390 basis points, and diluted earnings per share reached $2.69, a 34% year-over-year increase [1] - The company expects FY2026 sales to exceed $7.75 billion, with a nominal growth of approximately 15%; operating profit margin is projected to improve by about 180 basis points, and diluted earnings per share is anticipated to be between $6.40 and $6.45, representing over a 25% year-over-year increase [2] Customer Growth and Market Performance - The company added over 3.7 million new customers globally in Q2, with Generation Z accounting for about one-third of new customers; core leather goods category growth accelerated, with COACH handbag average price and sales achieving mid-double-digit growth [1] - All core markets experienced growth, with North America up 17%, Europe up 22%, and Asia-Pacific up 18%; the Chinese market saw a remarkable growth of 34%, while direct sales channel total sales increased by 17%, and digital business sales grew by approximately 20% [1] Shareholder Returns - The company plans to return $1.5 billion to shareholders in FY2026 through dividends and share buybacks, an increase from the previous expectation of $1.3 billion; the annual dividend is expected to remain at $1.60 per share, with a plan to repurchase approximately $1.2 billion of common stock [1] Strategic Outlook - The CEO highlighted that the Q2 performance reflects the cumulative effect of the company's "efficiency growth strategy," aiming for sustainable growth and long-term value creation through validated strategic pathways and structural advantages [2]

Financial Data and Key Metrics Changes - The company achieved pro forma revenue growth of 18% in the second quarter, with earnings per share (EPS) increasing by 34% to $2.69 compared to the prior year [5][21] - Operating margin expanded by 390 basis points, reflecting strong operational performance [21][24] - Gross margin for the quarter was reported at 75.5%, an increase of 110 basis points year-over-year [24] Business Line Data and Key Metrics Changes - Coach brand revenue increased by 25%, with customer acquisition driving top-line gains, welcoming 2.9 million new customers [8][21] - Kate Spade experienced a revenue decline of 14%, attributed to a strategic pullback in promotional activity [16][21] Market Data and Key Metrics Changes - North America sales increased by 17%, with Coach leading at 27% growth [21][22] - Greater China revenue grew by 34%, significantly outperforming expectations [22][23] - Europe saw a revenue increase of 22%, driven by direct business strength and market share gains [22] Company Strategy and Development Direction - The company is focused on building emotional connections with consumers, particularly targeting Gen Z, which is central to their growth strategy [6][14] - There is a strong emphasis on fashion innovation and product excellence, particularly in leather goods, which are driving growth [7][10] - The company aims to strengthen brand desirability through immersive retail experiences and targeted marketing campaigns [14][15] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to sustain growth, citing a strong product pipeline and effective strategies [20][42] - The outlook for fiscal 2026 has been raised, with expected revenue over $7.75 billion and continued growth in key markets [30][31] - Management highlighted the importance of operational discipline and strategic investments in marketing to drive future growth [45][46] Other Important Information - The company plans to return $1.5 billion to shareholders through dividends and share repurchases in fiscal 2026 [26][28] - Inventory levels are expected to be down modestly year-over-year, indicating effective inventory management [29] Q&A Session Summary Question: What gives you confidence in the earnings guidance? - Management highlighted the systematic approach to brand building and strong customer acquisition as key drivers of confidence in future performance [41][42] Question: How can Coach sustain growth momentum in North America? - Management emphasized the importance of lower promotions and exceptional margins, along with a focus on acquiring new customers, particularly Gen Z [53][55] Question: Can you elaborate on the strength in China? - Management noted significant share gains driven by new customer acquisition and effective regional execution, with digital channels leading growth [62][63] Question: What are the opportunities for AUR growth? - Management discussed the importance of maintaining value while driving AUR growth through product innovation and customer experience [70][72]

Tapestry (NYSE:TPR) Q2 2026 Earnings call February 05, 2026 08:00 AM ET Company ParticipantsChristina Colone - Global Head of Investor RelationsJoanne Crevoiserat - CEOScott Roe - CFO and COOTodd Kahn - CEO and Brand President of CoachConference Call ParticipantsMichael Binetti - Senior Managing Director and Fundamental Research AnalystRick Patel - Managing Director and Equity Research AnalystOperatorGood day, and welcome to this Tapestry conference call. Today's call is being recorded. Later, you will have ...

Tapestry (NYSE:TPR) Q2 2026 Earnings call February 05, 2026 08:00 AM ET Speaker2Good day, and welcome to this Tapestry conference call. Today's call is being recorded. Later, you will have the opportunity to ask questions during the question-and-answer session. To register to ask a question at any time, please press star one on your telephone keypad. At this time, for opening remarks and introductions, I would like to turn the call over to the Global Head of Investor Relations, Christina Colone.Speaker0Good ...

格隆汇2月5日｜Coach母公司Tapestry公布第二财季业绩，营收同比增长14%至25亿美元，高于市场普遍 预期的22.9亿美元；调整后每股收益为2.69美元，亦超过市场预期的2.19美元。期内，Coach品牌表现尤 为突出，销售额增长25%至21.4亿美元，主要受到强劲的手袋需求推动。基于强劲的业绩表现， Tapestry上调了全年展望，预计营收将超过77.5亿美元，每股收益将介于6.40至6.45美元之间。 ...

This presentation contains certain "forward-looking statements" based on management's current expectations. Forward-looking statements include, but are not limited to, the statements under "Financial Outlook," statements regarding long-term performance, statements regarding the Company's capital deployment plans, including anticipated annual dividend rates and share repurchase plans, and statements that can be identified by the use of forward-looking terminology such as "may," "can," "if," "continue," "proj ...

Tapestry reported higher second-quarter revenue and raised its fiscal-year outlook as growth from its Coach brand offset declines in Kate Spade sales. ...