Tapestry (TPR) Hits All-Time High on Strong Earnings, Outlook

Core Viewpoint - Tapestry Inc. (NYSE:TPR) has demonstrated strong earnings performance in Q2 FY2026, leading to a significant increase in stock price and a positive growth outlook for the full year [1][3]. Financial Performance - In Q2 FY2026, Tapestry's net income surged by 81% to $561.3 million, up from $310.4 million year-on-year [2]. - Net sales for the same quarter increased by 14% to $2.5 billion, compared to $2.19 billion in the previous year [2]. - For the six-month period, net income rose by 68% to $836.1 million from $497 million, while net sales increased by 13.5% to $4.2 billion from $3.7 billion [3]. Future Outlook - Tapestry is targeting revenues exceeding $7.75 billion, which represents an 11% growth from the previous year [3]. - Diluted earnings per share are projected to be between $6.40 and $6.45, indicating over 25% growth compared to the prior year and surpassing previous guidance of $5.45 to $5.60 [4]. Stock Performance - Tapestry's stock reached an all-time high of $145.42 during intra-day trading, closing up by 10.21% at $143.19 [1].